July 25, 2023
United States:
Home Prices in US Rise for Fourth Month With Inventory Tight
Home prices in the US climbed for a fourth month as demand coupled with tight inventory to push values higher.
A national gauge of prices rose 0.7% in May from April, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.
Europe:
ECB Eyes Capital Charges for More Banks on Leveraged Finance
The European Central Bank is escalating its crackdown on leveraged finance by preparing to impose higher capital requirements on more lenders after doing so to Deutsche Bank AG and BNP Paribas SA this year, according to people familiar with the matter.
The watchdog is likely to apply so-called capital add-ons for 2024 to firms with smaller leveraged finance books if they don’t address its concerns over risks posed by the business, said the people who asked to remain anonymous because the plans are private.
Asia:
BOJ Set to Stick With Easing as Markets See Clock Ticking on YCC
The Bank of Japan is widely expected to stick with its negative interest rate this week, leaving the focus on whether it will risk complicating its stimulus message by tweaking its cap on benchmark yields.
Since taking the helm in April, Governor Kazuo Ueda has repeatedly pushed back against the idea that a major pivot on policy is looming by emphasizing his persistent doubts about the sustainability of recent price growth in Japan.
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