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Bank Holiday Papers: China stocks tumble 5% after Japanese election result -- other news

by Phil Cozens on Aug 31, 2009 at 10:05

 * Japan's centre-left opposition Democratic party has won a crushing victory over the long-ruling conservative Liberal Democrats heralding a new era for the country

 * China stocks tumble over 5% as yen gains 0.9% after the Japanese election result

 * US Federal Reserve has made an £8.6 billion profit on loan programmes that promised hundreds of billions of dollars in liquidity to the financial system since the start of the crisis two yeas ago

 * House prices ended up 0.1% during August as the market continued to be supported by a shortage of homes for sale, according to Hometrack

 * Banks and lenders are likely to face increasing pressure to cut fixed mortgage rates after a sharp rise in government bond markets

 * The world's largest commodity trading houses have turned upbeat on economic growth

 * The recent pick-up in private investors' interest in buying equities ground to a halt in the first months of summer, according to study by Capita Registrars

 * Measurement of employment and industrial and consumer activity in leading economies will dominate this week's economic data

 * A growing number of small business owners believe the economy is recovering, according to study by Tenon Entrepreneur Forum

 * Chancellor Alistair Darling, in an interview with the Guardian, says the government will work with its G20 partners to help shift the global economy towards more sustainable growth

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