While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand. The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. As of noon, about 60 of the 261 units on offer had been sold, pointing to less urgen...
While Hong Kong developers have accelerated project launches following the Easter holiday, primary home sales are settling into a measured phase following an earlier surge in demand. The shift is evident at La Mirabelle I in Tseung Kwan O, where Sino Land and its partners released a third batch of units on Sunday. As of noon, about 60 of the 261 units on offer had been sold, pointing to less urgent demand than in earlier rounds. The latest batch comprises 33 one-bedroom units, 178 two-bedroom...
The sprint sensation was pushed to new heights in the 200m final by an unlikely opponent at the Australian Athletics Championships It didn’t look good for Gout Gout. He had started the 200m final at the Australian Athletics Championships relatively well, and was well-positioned just off the lead at the start of the straight. But, there – who was that? The man wearing all black, two lanes on the in...
The sprint sensation was pushed to new heights in the 200m final by an unlikely opponent at the Australian Athletics Championships It didn’t look good for Gout Gout. He had started the 200m final at the Australian Athletics Championships relatively well, and was well-positioned just off the lead at the start of the straight. But, there – who was that? The man wearing all black, two lanes on the inside. An athlete who appeared to match the global phenomenon step by step just when Gout was expected to pull away. Continue reading...
Dilok Klaisataporn/iStock via Getty Images Hope that the ceasefire will lead to the end of the Middle East war fanned risk appetites in recent days. Equities rallied broadly. May WTI and June Brent fell by nearly 11.5%. The dollar fell against all the G10 currencies, the Antipodeans, and the Scandis, which seem the most sensitive to growth prospects and the risk environment. The JP Morgan Emerging...
Dilok Klaisataporn/iStock via Getty Images Hope that the ceasefire will lead to the end of the Middle East war fanned risk appetites in recent days. Equities rallied broadly. May WTI and June Brent fell by nearly 11.5%. The dollar fell against all the G10 currencies, the Antipodeans, and the Scandis, which seem the most sensitive to growth prospects and the risk environment. The JP Morgan Emerging Market Currency Index rose by a little more than 2% to post its best week since March 2018. Negotiations will take place over the weekend, and market participants are hopeful that this can lead to a more sustained end to hostilities. Of course, it is complicated by the lack of trust and the Israel-Lebanon conflict. Ceasefires are hardly immaculate. Meanwhile, we may be on the cusp of two other watersheds. First, there have been encouraging reports about a potential agreement between Russia and Ukraine. Second, Hungary’s Viktor Orban is the longest-serving prime minister in the EU. He has served for the past 16 years and had a previous term between 1998 and 2002. Polls suggest he could lose the popular vote on April 12. US Drivers: The two-week ceasefire in the Middle East war reset the dollar and interest rate expectations. The dollar rallied during the war and was sold on the ceasefire. The derivatives market sees the Federal Reserve as the most dovish of the major central banks, and the odds of a cut this year have risen to around 33% from briefly discounting a small chance of a hike. Data: The US has a full slate of high-frequency reports in the coming days. We suspect most will have limited impact on the markets. Yet, given the desire for real-time insight into the impact of the war, the Empire State survey and the Philadelphia Fed's survey may be the most important. The Fed's Beige Book and its anecdotal reports may also serve this purpose, though practically no one doubts that the FOMC will stand pat when it meets later this month. Prices: The Dollar Index ( DXY ) ga...
A Hong Kong bus driver died on Saturday night after collapsing while steering his vehicle, causing it to mount a pavement. Police said on Sunday that the 42-year-old man had collapsed while driving along Chung Yan Road, in the direction of Tung Chung Road, at 10.55pm the previous day. The incident caused the bus to mount the pavement. Public transport firm Citybus confirmed that the driver was an ...
A Hong Kong bus driver died on Saturday night after collapsing while steering his vehicle, causing it to mount a pavement. Police said on Sunday that the 42-year-old man had collapsed while driving along Chung Yan Road, in the direction of Tung Chung Road, at 10.55pm the previous day. The incident caused the bus to mount the pavement. Public transport firm Citybus confirmed that the driver was an employee. The force said the driver was unconscious and showed no signs of superficial injuries when...
Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea. A strike last week — hours after a ceasefire was declared in the Iran war — damaged one of 11 pumping stations along the 746-mile (1,200-kilometer) conduit, reducing throughput by 700,000 barrels a day. Saudi Arabia has quadrupled cr...
Saudi Arabia has restored the full pumping capacity of its East-West pipeline to 7 million barrels a day, rehabilitating a vital link for oil exports via the Red Sea. A strike last week — hours after a ceasefire was declared in the Iran war — damaged one of 11 pumping stations along the 746-mile (1,200-kilometer) conduit, reducing throughput by 700,000 barrels a day. Saudi Arabia has quadrupled crude shipments from its Red Sea terminals since the end of February to work around the near total shutdown of the Strait of Hormuz. Output from Saudi Aramco’s offshore Manifa oil production facility was also restored, the energy ministry said Sunday, though work continues at the Khurais onshore complex. Attacks on Manifa and Khurais had cut production capacity by about 300,000 barrels a day each, the state-run Saudi Press Agency said last week. “This quick recovery reflects the high operational resilience and crisis management efficiency of Saudi Aramco and the kingdom’s energy ecosystem as a whole, thereby enhancing the reliability and continuity of supplies to local and global markets,” the energy ministry said. Khurais produces the type of light crude that Aramco had been pumping through the East-West pipeline, while Manifa and Aramco’s other offshore deposits generally pump thicker and heavier barrels.
⚽️ News, discussion and buildup before day’s action ⚽️ Read the latest Football Daily | And mail us here Arsenal: There’s only one place to start when it comes to reacting to yesterday’s action and that’s at the Emirates. After a lacklustre start it looked like the Gunners would find a way to win when Viktor Gyökeres levelled from the penalty spot, after Junior Kroupi’s early strike, but Arsenal r...
⚽️ News, discussion and buildup before day’s action ⚽️ Read the latest Football Daily | And mail us here Arsenal: There’s only one place to start when it comes to reacting to yesterday’s action and that’s at the Emirates. After a lacklustre start it looked like the Gunners would find a way to win when Viktor Gyökeres levelled from the penalty spot, after Junior Kroupi’s early strike, but Arsenal remained flat and lacking in ideas. It was a fine goal from Alex Scott that settled the game (how many suitors will the English midfielder have this summer, by the way?) with Arteta describing it as “a big punch to the face” and a “painful day”. “There’s no grey areas,” he said. “We need to be very, very, very strong and determined to approach it in a different way than we’ve done today, especially when the game wasn’t going our way. There’s a lot, a lot, a lot on our plate to look at ourselves.” Continue reading...