Weekend China data – New home prices unchanged in June, weakest result this year

<p>Data released on Saturday from China's National Bureau of Statistics (NBS) for new home prices in the country for June:</p><p>0% change m/m, the weakest so far for 2023</p><ul><li>prior +0.1% in May</li></ul><p>Also 0% y/y</p><ul><li>prior +0.1% y/y in May also</li></ul><p>There have been more support measures for the property sector in China over past weeks but they have been piecemeal. Traders want to see more substantial support/stimulus measures from China but are not getting them.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.