Read more
10:12 AM ยท 2 June 2023

China with plans for new economic stimulus package ๐Ÿ›

-
-
Open account Download free app

China is considering a new real estate support package to boost the economy, Bloomberg reported. Regulators are considering lowering down payments in some districts of major cities, lowering brokers' commissions on transactions and further reducing transaction fees. 

The government may also refine and expand some of the solutions outlined in a wide-ranging 16-point rescue package already outlined last year. China's property sector has avoided a slump, but remains a key drag on the world's second-largest economy. House sales slowed in May and rose just 6.7% from over 29% in the previous two months.

Sentiment in China's mortgage market remains depressed. Source: Bloomberg

Nonetheless, the above news helped propel the Chinese developers' index to more than 6% growth today. Source: Bloomberg

The Chinese market is clearly gaining today, with the sheer scale of the rally in the CHNComp index and the Chinese yuan supported by the above news. Source: xStation 5

6 March 2026, 6:59 PM

Daily summary: Indices and crypto decline amid rising oil prices ๐Ÿšฉ Gold and the US dollar move higher

6 March 2026, 5:51 PM

Oil surges 11% amid escalating Middle-East conflict ๐Ÿ“ˆVIX gains driven by fear on Wall Street

6 March 2026, 5:33 PM

BREAKING: Iran signals Europe will be 'a legitimate target' if EU joins war

6 March 2026, 4:47 PM

Three markets to watch next week (06.03.2026)

Join over 2 000 000 XTB Group Clients from around the world
The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissรฃo de Valores Mobiliรกrios (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits