British surveyors report positive outlook on house sales, oil prices rise after US stockpile drawdown, and China faces hedge fund fraud probe. Federal Reserve promises cuts, Brazil Central Bank lowers rates, and investors see potential in Asian markets. Canadians lose financial confidence and high court to rule on bankruptcy and court-ordered fines.
British surveyors are reporting the most positive outlook on house sales in almost two years, indicating a potential recovery in the housing market. This comes as oil prices rise after a drawdown in US stockpiles, and concerns are raised over hedge fund fraud in China . Additionally, promises of cuts by Federal Reserve Chair Jerome Powell have led to gains in the stock and bond markets. The Brazil Central Bank has also lowered interest rates, with further cuts expected.
Investors are optimistic about Asian stocks, bonds, and currencies due to the actions of the Fed. In Canada, financial confidence is declining amid economic concerns, and the high court will rule on whether bankruptcy can wipe out court-ordered fines in British Columbia
British Surveyors House Sales Oil Prices US Stockpile Drawdown China Hedge Fund Fraud Federal Reserve Cuts Brazil Central Bank Interest Rates Asian Markets Canadians Financial Confidence High Court Bankruptcy Court-Ordered Fines
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