EUR/USD 1.16430
-0.073%
Gold 4603.71
0.045%
Oil 82.418
-0.657%
USD/JPY 159.630
0.151%
GBP/USD 1.35853
-0.052%
GBP/JPY 216.850
0.100%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On August 28th, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Financial Regulatory Commission jointly issued a notice on improving the system for selling commercial housing. The notice mentions promoting a deposit system for the sale of completed properties. For commercial housing projects implementing the sale of completed properties, after obtaining a construction permit, real estate developers can sign a deposit contract with homebuyers and legally collect a small deposit. The deposit contract should stipulate the deposit amount, the selling price of the commercial housing, the delivery time, and the liability for failure to fulfill the contract on time, protecting the legitimate rights and interests of both parties. Municipal and county housing and urban-rural development departments are responsible for deposit supervision, and housing fund supervision agencies are responsible for deposit supervision work, opening a deposit supervision account at the projects main bank. The deposit supervision is released after the house meets the delivery conditions. If the real estate developer breaches the contract and fails to deliver the house on time, the homebuyer has the right to terminate the deposit contract according to the contract, and the real estate developer shall return the deposit and bear the liability for breach of contract according to law. Local governments should formulate model texts for housing deposit contracts based on their actual conditions.The three departments stated that local governments should simultaneously improve relevant policies on land supply and financial support for commercial housing projects, optimize project development, construction, sales, and real estate registration management, strengthen policy coordination and alignment, and improve management and service efficiency.On August 28, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Financial Regulatory Commission jointly issued a notice on improving the system for selling commercial housing. The notice stated that all localities should vigorously and orderly promote the sale of completed commercial housing, achieving "what you see is what you get," reducing disputes over the delivery of commercial housing, fundamentally preventing delivery risks, safeguarding the legitimate rights and interests of homebuyers, and accelerating the construction of a new model for real estate development.On August 28th, the Ministry of Housing and Urban-Rural Development, the Ministry of Natural Resources, and the State Financial Regulatory Commission jointly issued a notice on improving the system for the sale of commercial housing. The notice emphasizes strengthening the supervision of pre-sale funds. Municipal and county-level housing and urban-rural development departments are responsible for supervising pre-sale funds, with housing fund supervision agencies undertaking the specific supervision work. These agencies should sign fund supervision agreements with real estate development companies and open fund supervision accounts with the projects lead bank. All down payments, personal housing loans, and other purchase funds paid by homebuyers should be deposited into the fund supervision account. Fund supervision will be lifted after the commercial housing project is completed and accepted, and supporting facilities such as water, electricity, gas, and heating are ready for delivery. If a real estate development company defaults on delivery, the homebuyer has the right to terminate the purchase contract according to the contract, and the real estate development company must refund the purchase funds and bear the liability for breach of contract. Real estate development companies should stipulate the relevant rights and responsibilities of depositing purchase funds into the fund supervision account in the purchase contract with the homebuyer.German Chancellor Merz: Todays young people have many opportunities, especially in skilled trades and vocational education. There are countless opportunities and possibilities.

S&P 500 (SPY) Rallies Amid A Global Market Rebound

Jimmy Khan

Oct 18, 2022 16:13

微信截图_20221018160852.png

Stocks Rise Following a Drop

As the UK's economic strategy was reversed, the S&P 500 increased in value. Previously, traders were concerned that the UK's spending plans would cause UK government bond rates to reach unacceptably high levels and trigger a larger financial crisis.


After UK finance minister Hunt indicated that plans for tax cuts were cancelled and that energy subsidies would be reduced, it should not come as a surprise that UK government bonds increased in value.


The global bond markets received strong support from the UK government bond rally, as Treasury rates deviated from recent highs. Treasury yields' decline was positive for stocks.


The current rise is widespread, and all market categories are rising. Among the top gainers in today's trading session are Tesla, Netflix, Amazon, NVIDIA, and Meta.


The bank stocks continued to rise from their annual lows as a result of Bank of America's good earnings report.


From a broad perspective, traders seem prepared to purchase the whole market. There seems to be a "critical mass" of market players who think that the S&P 500 is about to begin a significant uptrend and that the bottom was already reached at the 3500 level.

S&P 500 Examines 3675 as Resistance

Technically speaking, the S&P 500 recently tried to settle below the 3500 level, but it quickly gathered impetus to the upside and settled above the key support at 3585.


S&P 500 is now attempting to overcome resistance at 3675. The S&P 500 will advance toward the next resistance level, which is close to the 20 EMA at 3700, if this test is successful. The resistance at 3730 will be tested if a move over the 20 EMA occurs. If the S&P 500 moves beyond this point, it will go in the direction of the resistance at 3760.


The prior resistance level of 3640 will act as the S&P 500's first support level on the support side. A decline below 3640 will allow for a test of support at 3615. If the S&P 500 drops below support at 3615, it will move in the direction of support at 3585.

Suggestion