Manufacturing PMI Hits Ten Year High As The Grey Rhino Of Real Estate Could Lead To Equity Inflows

Key News

Yesterday’s MSCI
MSCI
driven volume and sell-off were quickly forgotten as Asian equities gained on strong volumes driven by the strong China Manufacturing PMI release and positive Moderna vaccine news. The broader Hang Seng Composite gained +1.01% while the Chinese companies listed in Hong Kong within the MSCI China All Shares Index gained +1.33% versus the 50 stock Hang Seng Index’s gain of +0.86%. The PMI was without question a significant catalyst, though China Banking and Insurance Regulatory Commission released a statement that real estate speculation was a “gray rhino”, meaning that it poses a risk to the financial system. Institutional broker CICC speculated that tightening on housing speculation could drive Chinese savings into the stock market. Makes sense to me!

Hong Kong volume leaders were Meituan, which fell -0.28% post-earnings yesterday as analysts debate future growth rates, Tencent, which rose +2.66% on buying by Mainland investors via

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Council says plan to build 10,050 units over ten years is “impossible”

PALO ALTO — City Council members Monday slammed a regional planning agency that said Palo Alto must build more than 10,000 homes by 2030 to keep up with demand, roughly the same number built in the decade after World War II that transformed the city from a sleepy college town into a bustling tech hub.

The council voted 6-1 Monday to send a letter to the Association of Bay Area Governments (ABAG) challenging its housing allocation methodology. The number of new homes ABAG wants built is “impossible to meet,” Councilman Eric Filseth said.

“I don’t think that’s possible unless we open up the Baylands for development,” Filseth added. “The plan as stated is designed to fail and government shouldn’t knowingly issue plans that can’t be met. Northern California cities need to start pushing back on the state numbers. Signing up for plans that can’t be met is stupid.”

In its

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The Top Ten Property Investment Coaches To Follow

Two Comma PR

Top 10 Property Investment Coaches
Top 10 Property Investment Coaches
Top 10 Property Investment Coaches

London, United Kingdom, Nov. 07, 2020 (GLOBE NEWSWIRE) — Property investing is an age old tool for those looking to diversify their portfolio, create passive income and build generational wealth for themselves and their family. The world of property investing has been booming for the last decade, and is set to take some interesting turns in the years to come. For most of us, the world of property investing is daunting. Without the proper direction and guidance, you could be wasting your hard earned money on the wrong investments. According to Two Comma PR, a property investment coach is of utmost importance if you want to make the right investments, and secure the best returns on them. Each with their own unique area of expertise, here are the Top 10 property investment coaches to follow. 

Shane

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