Marketmind: China’s weak property stocks set the pace

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Reuters UK

A look at the day ahead in European and global markets from Kevin Buckland A light calendar for Europe today means markets are likely to take their cues from Asia, and there’s a lot going on – particularly in China. Property shares are taking a beating after weekend data showed new home sales in China’s biggest cities slumped by half in the first week of this month. Country Garden, China’s biggest private developer, added to pressure on the sector at the centre of the country’s economic woes as it faces a new round of voting by creditors – the third this month – to avert default, in this case …

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