Mortgage and Financial News From 2007-8-20 Page 21
Previous Day: 2007-08-19
Return to the mortgage news archive home.
-
WEEKEAHEAD-Emerging debt rally seen likely to fade
Reuters - NEW YORK, Aug 19 (Reuters) - Emerging sovereign debt is likely to bask briefly next week in the afterglow of a global markets rebound spurred by a discount interest rate cut by the U.S. Federal Reserve on Friday. However, the mood is expected to turn ...
2007-08-20 12:28:00 -
Government Bonds May Decline on Speculation Fed's Rate Cut to Boost ...
Stockhouse Canada - Aug. 20 (Bloomberg) -- Japanese bonds may fall, lifting 10- year yields from near the lowest since March, on speculation global stocks will rebound after the Federal Reserve cut the interest rate it charges banks to help ease a credit crunch. Bond ...
2007-08-20 12:13:00 -
European central banks on stand-by
Financial Times - Financial markets rallied after the Fed made direct loans available to banks on favourable terms and hinted at an interest rate cut. If the move calms US nerves this week, European central bankers are likely to follow to ensure a similar effect is ...
2007-08-19 09:14:00 -
Fed's rate cut set to bring relief to emerging markets
Taipei Times - Philippine central bank Governor Amando Tetangco said the US Federal Reserve's decision to cut the interest rate it charges banks may help restore liquidity to the financial system and provide relief to emerging markets. The move may "ease market ...
2007-08-20 12:49:00 -
South Korea's main stock index surges in early trading
MSN UK News - South Korean shares surged early Monday after a rally in U.S. stocks Friday following a cut in a key interest rate by the Federal Reserve. The Korea Composite Stock Price Index rose 68.26 points, or 4.2 percent, to 1,706.43 in the first 30 minutes of ...
2007-08-20 12:42:00 -
US close: Discount rate cut helps Wall Street
Stockhouse Canada - LONDON (ShareCast) - Federal Reserve's decision to temporarily cut the discount interest rate helped quell fears about the credit market and allowed Wall Street to post stellar gains on Friday. The Fed reduced its discount rate by half of a ...
2007-08-19 11:02:00 -
Shaky euro gains ground after discount rate cut
Gulf News - Markets expect that the interest rate will most likely be kept on hold at 0.5 per cent. Other economic data keenly awaited include US durable goods orders and new home sales for July and Germany's ZEW investor sentiment index. Euro In the last two weeks ...
2007-08-19 11:31:00 -
The politics of a rate rise
On Line Opinion - Having planned its campaign messages, Labor was forced to change tack midway, hastily rolling out advertisements to counter the interest rate “scare campaignâ€. After the election, the Australian Election Study found that voters tended to prefer ...
2007-08-19 10:05:00 -
What is the Fed’s discount rate?
Gulf Times - THIS is the interest rate at which central banks lend to commercial banks. On Friday, the US Federal Reserve cut its discount rate by half a point to 5.75%. This should help banks who are having trouble borrowing money from other banks, since it ...
2007-08-19 10:40:00 -
Loans favoured over credit cards
News.com.au - AUSTRALIANS are ditching credit cards in favour of personal loans as interest rate rises start to bite, according to new research. The Veda Advantage Consumer Credit Demand Index reveals personal loan applications rose by 66,906 or 9.7 per cent to ...
2007-08-20 12:28:00 -
Market Smiles Over U.S. Rate Cut Could Turn Out to Be Premature
Wall Street Journal - ... stock markets jumped 2% to 3%, and the Itraxx crossover credit-spread index narrowed 0.55 percentage point. But the rejoicing may prove premature. The discount window allows cash-strapped banks to borrow what they need at a punitive interest rate. The ...
2007-08-20 12:42:00 -
Fed eyes rate cuts to calm market
Christian Science Monitor - New York - Concerned that turmoil in the credit markets might spark a broader economic slide, the Federal Reserve is now signaling that it may cut interest rates – perhaps next month. An interest-rate cut would be the latest weapon employed by the ...
2007-08-19 06:58:00 -
Homebuyers shrug off rate rise, credit fears
News.com.au - HOME buyers have shrugged off concerns about global financial markets to push weekend clearance rates close to levels not seen since the housing boom of 2003. And this month's interest rate rise appears to have had little impact on the auction market ...
2007-08-19 10:40:00 -
Wall Street yearns for Fed rate cut
USA Today - On Friday, the Fed took a big step toward reassuring markets when it slashed a key interest rate that it charges banks — the discount rate — to 5.75% from 6.25%. While many analysts called the move symbolic, since few banks actually use the ...
2007-08-20 12:42:00 -
US close: Discount rate cut helps Wall Street (ShareCast)
LONDON (SHARECAST) - Federal Reserve’s decision to temporarily cut the discount interest rate helped quell fears about the credit market and allowed Wall Street to post stellar gains on Friday.
2007-08-19 08:53:29