Overseas Headlines – August 16, 2022

August 16, 2022

 

United States:

US Housing Starts Decline to Lowest Level Since Early 2021

New US home construction fell in July by more than forecast to the slowest pace since early last year as builders adjusted to a pullback in demand and a pickup in inventory.

Residential starts dropped 9.6% last month to a 1.45 million annualized rate from a revised 1.6 million pace in June, according to government data released Tuesday. The median forecast called for a 1.53 million pace.

https://www.bloomberg.com/news/articles/2022-08-16/us-housing-starts-decline-to-lowest-level-since-early-2021?srnd=premium

Europe:

Credit Suisse Faces Fresh China Setback After Executive Exodus

Credit Suisse Group AG is facing a further delay in getting approvals for some of its China operations after a flurry of senior management departures, according to people familiar with the matter.

The Swiss bank lost nearly half of the senior personnel management at its China securities ventures in recent months, including Chief Financial Officer Annie Qiu, compliance head Xu Yang, and Chief Information Officer Larry Tung, the people said, asking not to be identified discussing a private matter.

https://www.bloomberg.com/news/articles/2022-08-16/credit-suisse-faces-fresh-china-setback-after-executives-exodus?srnd=premium

Asia:

No China Stimulus Good Enough for Stocks Fixated on Covid Curbs

China is ramping up efforts to revive its economy and boost market confidence. But, stock investors preoccupied with the damage inflicted by the nation’s strict Covid-Zero strategy aren’t buying it.

A gauge of Chinese equities listed in Hong Kong is one of the world’s worst-performing major benchmarks this year, while the MSCI China Index is trading near the lowest level versus its global peers since 2005.

https://www.bloomberg.com/news/articles/2022-08-16/no-china-stimulus-good-enough-for-stocks-fixated-on-covid-curbs?srnd=markets-vp

 

Disclaimer:

Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.

More Stories from the Market
shutterstock_453968572
December 31, 2025   TransJamaican Highway Limited (TJH) has advised that in accordance with the Articles of Association and the terms of is…
shutterstock_453968572
December 31, 2025   Supreme Ventures Limited (SVL) has advised that initial discussions are underway with Dolla Financial Services Limited …
shutterstock_453968572
December 31, 2025   Pan Jamaica Group Limited (PJAM) has advised that on December 29, 2025, seven Directors were issued a total of 108,512 …
shutterstock_148562033
December 31, 2025   Pan Jamaica Group Limited (PJAM) has advised that a senior officer sold 38,271 PJAM shares on December 30, 2025. &…
shutterstock_537598660
December 31, 2025 The Limners and Bards Limited(LAB) Audited financials for the twelve months ended October 31, 2025: The Limners and Bar…
shutterstock_148562033
December 30, 2025   Supreme Ventures Limited (SVL) has advised that on December 23, 2025, a director purchased 319,424 SVL shares, and a re…
Logo - Mayberry Group Ltd.
December 30, 2025   Mayberry Group Limited (MGL) has advised that a connected party purchased 856,698 MGL shares on December 29, 2025. &…
shutterstock_148562033
December 30, 2025   Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 2,000 MJE shares on December 24, …