With greater homeownership may come greater unemployment.
Asia has attracted $2 billion of capital inflows daily since April 2009 and its foreign reserves have risen “significantly faster than any time in history,” according to DBS Group Holdings Ltd .
A global consumer revolution is set to take off amid an unprecedented expansion of the middle class.
Central banks are finding success in deploying their new tool for economic management, suggesting so- called macroprudential policy may be used more in the future.
Indonesia’s two-year bonds rallied, pushing the yield toward a record low, on speculation investors are favoring shorter-term notes to guard against price swings ahead of a central bank meeting today. The rupiah fell.
China’s two-year interest-rate swaps rose the most in three months and the yuan traded near a 17-year high after the central bank raised borrowing costs to curb inflation.
Singapore’s growth rebounded last quarter as manufacturing surged, capping the biggest annual increase in output since independence in 1965. Stocks rose.
Indonesia’s rupiah forwards rose by the most in two weeks and government bonds rallied after the nation unexpectedly posted its first trade surplus in five months and inflation slowed.
India’s rupee weakened on concern the government will be unable to rein in a record current- account deficit as inflows into equities slow. Bonds declined.