Bitcoin
$37,840.97+1.19%
Ethereum
$2,038.37+0.30%
Binance Coin
$225.89-1.56%
XRP
$0.60801306-0.09%
Solana
$60.14+7.36%
Cardano
$0.38158410+0.39%
Dogecoin
$0.08072217+0.40%
Tron
$0.10617731+3.22%
Toncoin
$2.45-0.58%
Chainlink
$14.61+1.68%
Avalanche
$20.90+3.04%
Polygon
$0.75478383+1.44%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index

Opinion

China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today

The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

By Nathaniel Whittemore
AccessTimeIconJul 6, 2020 at 7:00 p.m. UTC
Updated Sep 14, 2021 at 9:00 a.m. UTC
AccessTimeIconJul 6, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:00 a.m. UTC
Markets Today, China

(Li Yang/Unsplash)

AccessTimeIconJul 6, 2020 at 7:00 p.m. UTCUpdated Sep 14, 2021 at 9:00 a.m. UTC

The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

This episode is sponsored by Bitstamp and Crypto.com.

In this extended Brief, NLW tells the story of the economy through five themes:

  • China stocks surge – but how much is it driven by Chinese state-sponsored media hype?
  • A tale of two cities – real estate in New York City and Hong Kong are telling very different stories
  • A global currency crisis in Lebanon – foodstuffs are up 100% in the last two weeks as the pound continues to falter 
  • The COVID-19 ticker – daily cases continue to grow in the U.S. but deaths are declining 
  • The cost of the U.S. losing its place in the world – from travelers turned away in Italy to decreasing capital inflows 
  • Plus a bonus: what the Nasdaq all-time highs really mean

See also: Bull vs. Bear: Who Has the Economy Right?

For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish, a cryptocurrency exchange, which in turn is owned by Block.one, a firm with interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets including bitcoin and EOS. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.