Mainland China’s first-tier new home prices were unchanged month on month in February, ending a nine-month decline, while the year-on-year decline continued to widen from tier one to tier three cities, and analysts said it would be important to watch whether the month-on-month stabilisation can be sustained. New home prices in first-tier cities were flat in February from January – Beijing and Shan...
Mainland China’s first-tier new home prices were unchanged month on month in February, ending a nine-month decline, while the year-on-year decline continued to widen from tier one to tier three cities, and analysts said it would be important to watch whether the month-on-month stabilisation can be sustained. New home prices in first-tier cities were flat in February from January – Beijing and Shanghai each rose 0.2 per cent, Guangzhou was unchanged and Shenzhen slipped 0.3 per cent, according to data released by the National Bureau of Statistics (NBS) on Monday. Among the 70 large and medium-sized cities nationwide, new home prices increased month on month in 10 cities and were unchanged in seven, the NBS said. Advertisement “In our view, elevated supply continues to impede the recovery of China’s property market,” said Edward Chan, a Greater China property analyst at S&P Global Ratings. “Nationwide policies to control new supply and convert existing excess supply into affordable housing will be key to stabilising the market.” On a yearly basis, new home prices in the four tier-one cities fell 2.2 per cent year on year, 0.1 percentage point steeper than the previous month. Advertisement Shanghai was the only tier-one city to record annual growth in new home prices, rising 4.2 per cent. Beijing, Guangzhou and Shenzhen saw declines of 2.3 per cent, 5.1 per cent and 5.5 per cent, respectively, with the pace of falls accelerating in Shenzhen.
Nomura Holdings Inc. is pushing deeper into bullion trading amid a wave of investor interest, with former Standard Chartered Plc precious metals trader Aleksander Ganchev joining to lead its efforts. It’s the first in a series of hires the firm plans to make in the coming months, David Leigh , head of foreign exchange and emerging markets at Nomura, said in an interview. The Japanese bank’s curren...
Nomura Holdings Inc. is pushing deeper into bullion trading amid a wave of investor interest, with former Standard Chartered Plc precious metals trader Aleksander Ganchev joining to lead its efforts. It’s the first in a series of hires the firm plans to make in the coming months, David Leigh , head of foreign exchange and emerging markets at Nomura, said in an interview. The Japanese bank’s currency trading desk has been active in gold options trading for over two decades, and is now looking to start trading gold and silver futures, possibly followed by silver options at a later date. Gold ’s multiyear rally has smashed records and drawn significant investor interest, from hedge funds to central banks. Nomura is the latest in a number of banks — including Societe Generale SA and Deutsche Bank AG — seeking to meet that need by expanding their precious metals offerings. “There’s been a huge broadening of interest in precious metals,” said Leigh, who joined from Deutsche Bank in 2024. “We have a lot of clients today that are dealing in precious metals. It’s natural for us to look at expanding what we offer in response to that.” While hundreds of billions of dollars of gold change hands every week in the main hub of London — where Ganchev will be based — it’s dominated by a relatively small number of banks and market makers. Many traders and analysts say that the market is now showing signs of being strained, as rising prices and volatility pressure credit limits between market participants, reducing liquidity. Gold prices have more than doubled over the past two years, surging to an all-time high of almost $5,600 an ounce in late January. For clients who wish to trade the same volume of metal as they did before, it requires “obviously a lot more dollars now than it did two years ago,” Leigh said. Risk appetite at market makers doesn’t grow linearly with price, he said, and that need for capacity is an opportunity for the bank. Demand for gold has been supported by pers...
The Federal Reserve's interest-rate decision dominates this week's calendar. Investors will also closely monitor February’s producer-price index for inflation signals, alongside a corporate earnings slate featuring Micron, Lululemon and FedEx.
The Federal Reserve's interest-rate decision dominates this week's calendar. Investors will also closely monitor February’s producer-price index for inflation signals, alongside a corporate earnings slate featuring Micron, Lululemon and FedEx.
European stocks rose after a key UAE oil hub resumed operations, easing concerns about disruptions to energy flows. The Stoxx Europe 600 Index was up 0.4% by the close in London, after falling as much as 0.5% in earlier trading. Brent crude erased gains to trade around $ 102 a barrel as the UAE oil terminal of Fujairah restarted after being halted due to a drone strike. The International Energy Ag...
European stocks rose after a key UAE oil hub resumed operations, easing concerns about disruptions to energy flows. The Stoxx Europe 600 Index was up 0.4% by the close in London, after falling as much as 0.5% in earlier trading. Brent crude erased gains to trade around $ 102 a barrel as the UAE oil terminal of Fujairah restarted after being halted due to a drone strike. The International Energy Agency’s Executive Director Fatih Birol also said the authority could release more stockpiles if needed. The region’s stocks rebounded slightly after posting their first back-to-back weekly declines this year amid concerns the war in the Middle East may last longer than anticipated. President Donald Trump raised pressure on nations to help reopen the Strait of Hormuz and said the US was talking to Iran. “I think Trump is already under severe pressure to resolve the issue quickly,” said Stephan Kemper , chief investment strategist at BNP Paribas Wealth Management. He added that missiles, markets and midterms are the three factors pushing for the Iran campaign to be short-lived. In individual stocks, UniCredit SpA erased earlier losses to trade 0.5% higher after it made a €35 billion ($40 billion) bid for the German lender Commerzbank AG. GN Store Nord AS surged 21% as the firm agreed to sell its hearing aid business for 17 billion Danish kroner ($2.6 billion) to Italy’s Amplifon SpA. For more on equity markets: Policy Put Hopes Prevent Markets From Selling Off: Taking Stock M&A Watch Europe: Commerzbank, CAB Payments, Auroora Group US Stock Futures Little Changed You want more news on this market? Click here for a curated First Word channel of actionable news from Bloomberg and select sources. It can be customized to your preferences by clicking into Actions on the toolbar or hitting the HELP key for assistance. To subscribe to a daily list of European analyst rating changes, click here .
Niu Technologies press release ( NIU ): Q4 GAAP EPADS of -$0.16. Revenue of $96.7M (-17.4% Y/Y) beats by $5.65M . The number of e-scooters sold was 172,763, down 23.8% year over year . The number of e-scooters sold in China was 158,782, down 12.9% year over year The number of e-scooters sold in the international markets was 13,981, down 68.4% year over year2 The number of franchised stores in Chin...
Niu Technologies press release ( NIU ): Q4 GAAP EPADS of -$0.16. Revenue of $96.7M (-17.4% Y/Y) beats by $5.65M . The number of e-scooters sold was 172,763, down 23.8% year over year . The number of e-scooters sold in China was 158,782, down 12.9% year over year The number of e-scooters sold in the international markets was 13,981, down 68.4% year over year2 The number of franchised stores in China was 4,540 as of December 31, 2025. As of December 31, 2025, the Company had cash and cash equivalents, term deposits and short-term investments of RMB 1,115.6 million in aggregate. Business Outlook NIU expects revenues for the first quarter of 2026 to be in the range of RMB 887 million to RMB 1,023 million, representing a year-over-year increase of 30% to 50%. NIU expects sales volume for the full year 2026 to be in the range of 1.7 million to 1.9 million units, representing a year-over-year increase of approximately 40% to 60%. More on Niu Technologies Niu Technologies: Why The Decline In The Stock Is Likely Over Niu Technologies Q4 sales volume dips 21.1% Y/Y Seeking Alpha’s Quant Rating on Niu Technologies Historical earnings data for Niu Technologies Financial information for Niu Technologies
On Dec. 31, Berkshire Hathaway's (BRKA 0.24%)(BRKB 0.38%) longtime chief and billionaire investment guru, Warren Buffett, stepped down as CEO and handed the reins to Greg Abel. Although Berkshire has entered uncharted territory without the Oracle of Omaha steering the ship, it's nevertheless being guided by someone whose business and investment philosophy meshes well with the company's now-former ...
On Dec. 31, Berkshire Hathaway's (BRKA 0.24%)(BRKB 0.38%) longtime chief and billionaire investment guru, Warren Buffett, stepped down as CEO and handed the reins to Greg Abel. Although Berkshire has entered uncharted territory without the Oracle of Omaha steering the ship, it's nevertheless being guided by someone whose business and investment philosophy meshes well with the company's now-former boss. Recently, Abel made his first big move as CEO by purchasing shares of Warren Buffett's favorite stock. However, investors who get their hopes up that Abel will end the 13-quarter streak of net stock sales that led up to Buffett's retirement are likely to be disappointed. After a 21-month hiatus, Buffett's favorite stock is being bought Although quarterly filed Form 13Fs spill the beans about which stocks Wall Street's savviest money managers were buying and selling, Warren Buffett's favorite stock to buy isn't found in a 13F. Rather, the company's quarterly operating results detail purchases and sales of this stock. That's because Buffett's favorite stock to buy was always shares of his own company. In July 2018, when Berkshire's board amended the rules governing buybacks to give its now-former boss more liberty to repurchase shares, Buffett took the bull by the horns and began buying back his Class A (BRKA) and B (BRKB) shares with regularity. Over six years (July 2018 – June 2024), he spent nearly $78 billion repurchasing shares. Expand NYSE : BRKB Berkshire Hathaway Today's Change ( -0.38 %) $ -1.89 Current Price $ 490.00 Key Data Points Market Cap $1.1T Day's Range $ 489.79 - $ 494.35 52wk Range $ 455.19 - $ 542.07 Volume 145K Avg Vol 4.9M Gross Margin 23.63 % But in the 19 months leading up to Buffett's retirement (June 1, 2024 – Dec. 31, 2025), along with the first two months of Abel's tenure, no shares were repurchased. The reason why is simple: valuation. During the six years Warren Buffett repurchased shares, Berkshire Hathaway stock commonly traded at a 20% ...
Key Points On Dec. 31, the Oracle of Omaha retired as CEO of Berkshire Hathaway, with Greg Abel succeeding him. Following a 21-month hiatus, Buffett's favorite stock -- one he spent roughly $78 billion purchasing over six years -- is once again being bought. However, a historically pricey stock market is making it challenging for Berkshire's new boss to find bargains. 10 stocks we like better than...
Key Points On Dec. 31, the Oracle of Omaha retired as CEO of Berkshire Hathaway, with Greg Abel succeeding him. Following a 21-month hiatus, Buffett's favorite stock -- one he spent roughly $78 billion purchasing over six years -- is once again being bought. However, a historically pricey stock market is making it challenging for Berkshire's new boss to find bargains. 10 stocks we like better than Berkshire Hathaway › On Dec. 31, Berkshire Hathaway's (NYSE: BRKA)(NYSE: BRKB) longtime chief and billionaire investment guru, Warren Buffett, stepped down as CEO and handed the reins to Greg Abel. Although Berkshire has entered uncharted territory without the Oracle of Omaha steering the ship, it's nevertheless being guided by someone whose business and investment philosophy meshes well with the company's now-former boss. Recently, Abel made his first big move as CEO by purchasing shares of Warren Buffett's favorite stock. However, investors who get their hopes up that Abel will end the 13-quarter streak of net stock sales that led up to Buffett's retirement are likely to be disappointed. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » After a 21-month hiatus, Buffett's favorite stock is being bought Although quarterly filed Form 13Fs spill the beans about which stocks Wall Street's savviest money managers were buying and selling, Warren Buffett's favorite stock to buy isn't found in a 13F. Rather, the company's quarterly operating results detail purchases and sales of this stock. That's because Buffett's favorite stock to buy was always shares of his own company. In July 2018, when Berkshire's board amended the rules governing buybacks to give its now-former boss more liberty to repurchase shares, Buffett took the bull by the horns and began buying back his Class A (BRKA) and B (BRKB) shares with regul...
RioZim Ltd. , a former unit of Rio Tinto Group , lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant. The government cancelled the license for the Sengwa coal mine under its “use-it-or-lose-it” policy after a failed appeal, Secretary of Mines Pfungwa Kunaka wrote in a letter to the company seen by Bloomberg and confirmed by the ministry....
RioZim Ltd. , a former unit of Rio Tinto Group , lost its operating license in Zimbabwe after the miner failed to develop a 2,800 megawatt coal-fired power plant. The government cancelled the license for the Sengwa coal mine under its “use-it-or-lose-it” policy after a failed appeal, Secretary of Mines Pfungwa Kunaka wrote in a letter to the company seen by Bloomberg and confirmed by the ministry. Read: Biggest China Bank Walks Away From $3 Billion Zimbabwe Coal Plan RioZim’s Wilson Gwatiringa, a director, confirmed the cancellation and declined to comment further, saying the dispute had gone to court. The northern Zimbabwe mine had planned to develop a $3 billion coal-powered thermal power plant but the project failed to take off after Industrial and Commercial Bank of China Ltd. pulled out of the deal in 2021.
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks. The narrow channel has become a focal point for all sides as the war advances into a third week. Iran is using attacks in the waterway to create un...
Iran is making the most of its geographic advantage in the Strait of Hormuz, forcing energy buyers to negotiate for safe transit and pushing the US to demand help from other nations to secure a reopening that — even in the best case — could take weeks. The narrow channel has become a focal point for all sides as the war advances into a third week. Iran is using attacks in the waterway to create unprecedented chaos in the energy trade in response to US and Israeli strikes — while US President Donald Trump is eyeing the stretch of water as a fix for a near-45% surge in oil prices. Shipowners’ fears have intensified after three vessels were struck in the Persian Gulf on one day last week — including a Thai-flagged bulk carrier that was attacked in the Strait. Listen to the Here’s Why podcast on Apple , Spotify or anywhere you listen . Hormuz is “squarely at the center of global geopolitics,” said Rahul Kapoor, global head of shipping & metals at S&P Global Energy. “Shipping and the energy markets are signaling that the risk of a prolonged disruption is undoubtedly significantly higher than at any point in decades.” That prospect is pushing large consumers in Asia to seek workarounds to ease shortages and surging costs. India secured a green light from Tehran that allowed two liquefied petroleum gas tankers to clear the strait over the weekend — a small but significant step toward alleviating acute shortages of the fuel, used as cooking gas. Both used their signaling systems to signpost the vessels as Indian government cargoes. Read More: Modi Walks Fine Line Between Iran and US as War Hits Economy Turkey received an approval last week, a state-run news outlet reported. A Pakistani vessel has also cleared the strait. Iran’s Foreign Minister Abbas Araghchi said over the weekend that a number of countries have approached Tehran for safe passage, adding the strait was only shut to ships from “enemies.” He did not name any. In his first statement last week, new Iranian lead...
Stock index futures were higher on Monday as oil prices touched $100 amid continued concerns over the Iran conflict. Nasdaq 100 futures ( US100:IND ) rose +0.55%. S&P 500 futures ( SPX ) advanced +0.48% and Dow futures ( INDU ) gained +0.28%. Crude oil futures ( CL1:COM ) stood at $100.75, and Brent futures ( CO1:COM ) were at $106.35 at the time of writing. Treasury yields moved lower across the ...
Stock index futures were higher on Monday as oil prices touched $100 amid continued concerns over the Iran conflict. Nasdaq 100 futures ( US100:IND ) rose +0.55%. S&P 500 futures ( SPX ) advanced +0.48% and Dow futures ( INDU ) gained +0.28%. Crude oil futures ( CL1:COM ) stood at $100.75, and Brent futures ( CO1:COM ) were at $106.35 at the time of writing. Treasury yields moved lower across the curve as investors monitored the economic calendar. The 2-year Treasury yield ( US2Y ) fell to 3.71%, while the 10-year Treasury yield ( US10Y ) slipped to 4.27%. The 30-year Treasury yield ( US30Y ) edged down to 4.90%. Markets are awaiting key data releases, including retail sales, the Empire State Manufacturing Index, and the Housing Market Index. Top gainers premarket included CDW ( CDW ) +3.81%, Micron Technology ( MU ) +3.47%, and Paramount Skydance ( PSKY ) +3.41%. Decliners included Equinix ( EQIX ) -4.84%, NRG Energy ( NRG ) -2.51%, and Old Dominion Freight Line ( ODFL ) -2.27%. More on markets The Rotation Trade Collapsed - Where To Hide Now? ARP Opinions - Trump Chickens Out Again A Massive Shift In The Fed's Rate Outlook May Be About To Hit Markets S&P weighs rule change that could speed SpaceX entry into S&P 500 after IPO