Stocks lower as concerns over Evergrande increase

Stocks lower as concerns over Evergrande increase

Share on facebook
Share on twitter
Share on linkedin

Investors are in the dark with little news regarding the current situation of Chinese property developer Evergrande. The firm faces a potential default after it missed a deadline to make an interest payment to foreign bond holders. There has been no announcement and Evergrande enters a 30-day grace period in which the payment must be made or the company will be in default.

On Thursday the Bank of England left policy unchanged but indicated that a rate rise could be on the way with energy prices spiking and inflation rising.

 

Disclaimer:  ‘Where the business has expressed opinions, they are based on current market conditions, they may differ from those of other investment professionals and are subject to change without notice. The information contained within this communication is believed to be reliable but Realm Investment Management Limited does not warrant its completeness or accuracy. This communication is not intended as a recommendation to invest in any particular asset class, security or strategy. Regulatory requirements that require impartiality of investment/investment strategy recommendations are therefore not applicable nor are any prohibitions to trade before publication. The information provided is for illustrative purposes only, it should not be relied upon as recommendations to buy or sell investments.’

Download Our Free Brochure