Well, the China Evergrande saga rumbles on, as the ramifications of an easing Chinese property sector play out. Bloomberg reported that some China Evergrande Group bondholders received an overdue interest payment shortly before the expiry of a grace period, buying more time for the debt-stricken property developer as it tries to raise cash through asset sales. The shares were up nearly 10% on Friday to 2.78, well off recent lows, but then if you take a longer – say 6th month view then the story is rather different. Still on the mat. Though I still see some analysts saying both bonds and shares are a distressed bargain… we will see.
Certainly. certain holders of the 9.5% dollar note maturing in 2024 received notification they had been paid last Thursday. Evergrande skipped an interest payment due Sept. 29, starting the clock on a 30-day grace period before investors could declare a default. It’s the second time this month that the debt-stricken property developer avoided default.
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Evergrande shares plunged on Thursday after saying it scrapped talks to offload a stake in its property-management arm and that real estate sales slumped during a peak home-buying season, worsening its liquidity crisis.
China Evergrande Group scrapped talks to offload a stake in its property-management arm and said real estate sales plunged about 97% during peak home-buying season, worsening its liquidity crisis on the eve of a dollar-bond deadline that could tip the company into default.
The latest edition of our finance and property news digest with a distinctively Australian flavour.
Go to the Walk The World Universe at https://walktheworld.com.au/
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s market update we cover off the latest market movements, China’s continued campaign against Bitcoin and other Cryptos, the deafening silence from Evergreen, and the IMF’s musing on Australian property. Things are getting interesting indeed and much hinges on the property sector, where leverage is to the max.
CONTENTS
0:00 Start 0:18 Introduction 2:25 China Crypto crackdown 4:55 US Economy and market 11:50 Gold flat 13:50 European markets 16:00 Asian markets 19:22 Evergrande is not over 23:30 Property market frozen 26:15 Australian market 28:17 IMF On Australian property 31:56 Conclusion and close
Go to the Walk The World Universe at https://walktheworld.com.au/
Digital Finance Analytics (DFA) Blog
Property Bust On The Cards? - Market Update 25th Sept 2021 [Podcast]
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s market update we cover off the latest market movements, China’s continued campaign against Bitcoin and other Cryptos, the deafening silence from Evergreen, and the IMF’s musing on Australian property. Things are getting interesting indeed and much hinges on the property sector, where leverage is to the max.
CONTENTS
0:00 Start 0:18 Introduction 2:25 China Crypto crackdown 4:55 US Economy and market 11:50 Gold flat 13:50 European markets 16:00 Asian markets 19:22 Evergrande is not over 23:30 Property market frozen 26:15 Australian market 28:17 IMF On Australian property 31:56 Conclusion and close
Go to the Walk The World Universe at https://walktheworld.com.au/
This is an edited version of our latest live event, as I discuss the latest political and economics news with Robbie Barwick National Research Director from the Citizens Party. https://citizensparty.org.au/
https://walktheworld.com.au/ .
Original live stream with chat replay is at https://youtu.be/6b49Kp6UlKE
Digital Finance Analytics (DFA) Blog
DFA Live Q&A: HD Replay Robbie Barwick - It's The Economy Stupid! [Podcast]
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look at the latest from the markets, and consider in particular the torrent of assurances streaming from some of the biggest money managers in the world as they assume their investors, we are not facing a Lehman style collapse triggered by Evergrande. Or are they just talking their book? Meantime, a vaguely worded filing may suggest some bond holders have been placated.
Chinese shares fell less than feared Wednesday after a two-day holiday — bolstering global investor sentiment — amid plans for an interest payment by China Evergrande Group and signs of support from the country’s central bank.
Today’s post is brought to you by Ribbon Property Consultants.
Digital Finance Analytics (DFA) Blog
It’s Fine Folks - Honest: The DFA Daily 22 Sept 2021 [Podcast]
This is an edited version of our latest live event, as I discuss the latest political and economics news with Robbie Barwick National Research Director from the Citizens Party. https://citizensparty.org.au/
https://walktheworld.com.au/ .
Original live stream with chat replay is at https://youtu.be/6b49Kp6UlKE
The latest edition of our finance and property news digest with a distinctively Australian flavour.
In today’s show we look at the latest market data, and focus in on the big questions around China Evergrande Group, as opinion is divided between those who think this could be a replay of Lehman Bros leading to a broader financial crisis, and those who think the CCP will ultimately save the day. It seems the international markets are not so worried, for now. But I would remind you September and October are witching months for financial crashes, and there is plenty of reasons to think this might be true in 2021. And meantime the FED has its own problems as it came to light that two Federal Reserve bank presidents had engaged in controversial stock trades. And then there is the failing iron ore price…
We look at the latest data on iron ore trade between Australia and China – which makes up more than half of our total exports to that country. So are they likely to curtail exports, or are we locked in?
0:00 Start 0:40 Introduction 0:54 Latest trade data 4:50 Ore Price Trends 5:30 Will China Break Free? 6:15 Brazil? 9:00 MIIT Diversification Strategy 12:00 China Local Grade 13:15 Other Markets Including Africa 16:00 Scrap Recycling 19:00 Australia Rules (For Now) 19:40 Australian Options 20:00 Outro
Go to the Walk The World Universe at https://walktheworld.com.au/
We look at the latest data on iron ore trade between Australia and China – which makes up more than half of our total exports to that country. So are they likely to curtail exports, or are we locked in?
0:40 Introduction 0:54 Latest trade data 4:50 Ore Price Trends 5:30 Will China Break Free? 6:15 Brazil? 9:00 MIIT Diversification Strategy 12:00 China Local Grade 13:15 Other Markets Including Africa 16:00 Scrap Recycling 19:00 Australia Rules (For Now) 19:40 Australian Options 20:00 Outro
Go to the Walk The World Universe at https://walktheworld.com.au/
