On Monday morning, we excerpted from the latest report by BofA's David Woo, who echoed a familiar lament when looking at the divergence between global political risk and the collapse in cross-asset volatility, concluding that he finds it "difficult to reconcile the record low volatility in financial markets at the moment with growing political risk in Washington and geopolitical risk in Asia.
In the second quarter in Manhattan, Chinese entities accounted for half of the commercial real estate purchases with prices over $10 million. By comparison, in 2011 through 2014, total cross-border purchases from all over the world (not just from China) were in the mid-20% range.
“At a time when domestic investors have pulled back, foreign parties have ramped up their holdings in Manhattan,” according to Avison Young’s Second Quarter Manhattan Market Report.
Shortly after CNN reported late on Monday that according to Russian deputy foreign minister Rybakov, the Russian government was "almost" at a deal on getting back property seized by the US...
Just in: Russian Dep Foreign Minister Rybakov says Russian government "almost" at a deal on getting back property seized by the US
— Jim Sciutto (@jimsciutto) July 17, 2017
Bulletin headline summary from RanSquawk