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Finance & Markets

Bourses and Brokers May Win From India’s Proposed Auction Revamp

Stock exchanges and brokers could be among the biggest beneficiaries of the Securities and Exchange Board of India’s proposed changes to the newly launched closing auction system that’s caused chaos, while market makers may face tighter constraints.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

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Mortgage stress and negative equity pressure young Australians

Cotality’s daily dwelling values index shows that dwelling values have declined by 5.3% from their 10 April peak across the five major capitals, led by Sydney (-7.7%) and Melbourne (-6.9%): New…

  • Sydney and Melbourne home values dropped 5.3% since April peak
  • One in two homes in Sydney and Melbourne sold below purchase price
  • Mortgage stress hits highest level since 2008 Global Financial Crisis

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