China's getting nothing done | Brits are pushing up house prices | [Finimize]( Hi {NAME}, here's what you need to know for September 2nd in 3:10 minutes. ð¯ââï¸ Twoâs company, threeâs a crowd, and any more is a switched-on, supportive group of like-minded retail investors. Come meet them: join our [Ladies Investing Meet-Up]( in â drum roll, please â real life London on Wednesday, and find out how to build your wealth while you build a community. [Grab your free ticket]( Today's big stories - Chinaâs manufacturing sector shrank last month after lockdowns and power shortages did damage
- Binance and FTX are go-to crypto exchanges, and their tokens may be worth a look â [Read Now](
- UK house prices climbed more than expected last month, but there are signs the rise is slowing The Worldâs Factory Is Out Of Power [The Worldâs Factory Is Out Of Power] Whatâs Going On Here? Data out this week [showed]( manufacturing activity in China shrank last month. What Does This Mean? Chinaâs reputation as âthe worldâs factoryâ is down to the sheer power of its manufacturing industry, which carries so much heft that it typically gives an insight into the economy as a whole. So itâs not promising, then, that a cacophony of issues meant the sector slacked last month. For one, an extreme heatwave caused historic droughts harsh enough to dry up rivers that feed hydroelectric plants. Even the Yangtze â Chinaâs most important trade waterway â withered to its lowest level on record. Not only has that disrupted shipping routes, but itâs also forced provinces to cut factoriesâ electricity to manage power shortages. And for another, the countryâs relentless commitment to its zero-Covid policy sent demand for products slipping, leaving businesses twiddling their thumbs. That, then, might be why a survey taken by business managers showed manufacturing activity actually shrank in August for the first time since May. Why Should I Care? Zooming in: Here we go again.
The bad news just keeps coming, with [reports]( on Thursday revealing the city of Chengdu â a tech and carmaking hub â will lock down 21 million residents amid another outbreak, which will only stunt manufacturing more. Then again, there mightnât be much to miss: an export-oriented survey signaled that foreign demand â a key pillar of support for Chinaâs economy during the pandemic â might be drying up. The bigger picture: Is this⦠climate change?
This could all be a blessing in disguise for heatwave-stricken Mother Nature: data out on this week [showed]( Chinaâs carbon emissions fell almost 8% this April through June â the last period of major lockdowns â versus the same time last year, the steepest drop in the past decade. But those slowdowns at hydropower plants might be a sticking point, with some analysts expecting China to plug the gap with carbon-pumping coal â dashing the hopes of another greener season. You might also like: [Chinaâs economic support plan had one job, and itâs probably failed.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=The Worldâs Factory Is Out Of Power&utm_campaign=daily-global-02-09-2022&utm_source=email) Analyst Take
Are The Binance And FTX Exchange Tokens A Good Bet? [Are The Binance And FTX Exchange Tokens A Good Bet?]( By Jonathan Hobbs, Analyst Crypto companies have had [a tough time of it this year](. But two blue-chip crypto exchanges â [Binance and FTX]( â have held up pretty well, continuing to build out their platforms. And while you canât invest directly in the exchanges through stocks, for example, you can [add their exchange tokens to your crypto portfolio](. And thatâs todayâs Insight: weâre looking at two standout exchange tokens, [Binanceâs BNB and FTXâs FTT](. [Read or listen to the Insight here]( Talk About The Cost Of Living [Talk About The Cost Of Living] Whatâs Going On Here? Data out on Thursday [showed]( UK house prices climbed again last month, but there are some signs of a slowdown. What Does This Mean? The cost of living is putting Brits off even the smallest of purchases, so mix in unattractive spiraling mortgage rates and itâs no wonder that UK house prices have⦠risen. Yup, risen: a lack of supply is almost single-handedly propping up the market, with data from the Royal Institution of Chartered Surveyors showing the average estate agent branch covered just 35 properties in July â the lowest since records began. Would-be buyers then had little choice but to outbid rivals for their dream home, which helped push house prices up 10% in August from the year before, overshooting economistsâ 8.9% prediction. Mind you, that mightnât be a huge shock: thatâs the tenth straight month of double-digit growth, and brings the average house price to a fresh high of £273,751 ($316,000) â a whole £50,000 ($58,000) higher than just two years ago. Why Should I Care? The bigger picture: Every little helps.
Still, that was a slowdown from the previous monthâs 11% uptick. And that might continue: Bank of England data out this week showed the number of new mortgages approved sunk below pre-pandemic levels, plus expected rate hikes will only keep hopeful homebuyers firmly off the ladder. And that â along with more anticipated supply this fall â might be why some estate agents expect price rises to slow even more going forward. For you personally: Mark your calendars.
Oxford Economics went one step further, predicting that UK house prices will actually fall from the middle of next year. Still, that doesnât mean wannabe buyers will be able to put down deposits: theyâll have to slog through high inflation â which Goldman Sachs believes could hit 22% next year â to get there first, and itâs [predicted]( the best two-year fixed-rate mortgage around will sit at 5.5% by then â almost double what youâll find today. You might also like: [Are home prices about to crash?]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Talk About The Cost Of Living&utm_campaign=daily-global-02-09-2022&utm_source=email) ð¬ Quote of the day âKnowledge comes, but wisdom lingers.â â Alfred Lord Tennyson (an English poet) [Tweet this]( ð Finimize Live ð Coming Up Soon⦠All events in UK time. ð¬ð§ [In-Person Ladies Investing Meet-Up](: 6.30pm, September 7th
â¡ï¸ [Whatâs Driving The European Energy Crisis?](: 5pm, September 12th
ð° [Building Crypto Wealth In A Bear Market](: 12pm, September 20th
ð [Three Industries That Can Thrive During Recessions](: 5pm, September 21st ð¯ On Our Radar - Laziness costs. Tesla is [charging you more]( for being driven around.
- Scrolling isnât the problem. The [feeling you get]( from it is.
- Blonde is back. And itâs rated [NC-17](.
- Maybe one more date will do it. You really can find a good one [on dating apps](.
- America is a nation of cars. Maybe itâs time [to reverse that](. Sponsored ⢠[Privacy Policy]( | [Advertiser Disclosure]( â¤ï¸ Share with a friend Your Referrals: 0 Thanks for reading {NAME}. If you liked today's brief, we'd love for you to share it with a friend. Share your unique link: [ You stay classy, {NAME} ð Weâd love to hear your thoughts. [Give feedback]( Want to advertise with us too? [Get in touch]( Image Credits: Image credits: eamesBot - Shutterstock | Ron Ellis - Shutterstock Preferences: [Update your email]( or [change preferences]( [View in browser]( [Unsubscribe]( from all Finimize Emails ð´ Crafted by Finimize Ltd. | Bow Bells House, Bread Street, London, EC4M 9HH All content provided by Finimize Ltd. is for informational and educational purposes only and is not meant to represent trade or investment recommendations. You signed up to this mailing list at finimize.com or through one of our partners. © Finimize 2021 [View Online](