Mortgage and Financial News From 2007-10-26 Page 30

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  • China A-shares end morning lower on consolidation; banks rebound ...

    Forbes - Interest rate hike fears and tight liquidity due to PetroChina's A-share offer continued to weigh on the market. The benchmark Shanghai Composite Index ended the morning down 50.46 points or 0.91 pct at 5,511.94, following a 4.80 pct fall yesterday. ...
    2007-10-25 10:21:00
  • FOREX-Dollar hits record lows in anticipation of Fed cut

    Reuters UK - LONDON, Oct 26 (Reuters) - The dollar fell to fresh record lows against the euro and a basket of currencies on Friday as investors, faced with a run of weak U.S. economic data, braced for a Federal Reserve interest rate cut next week. U.S. crude oil ...
    2007-10-26 12:29:00
  • China A-shares close slightly higher led by banks, property stocks

    CNBC - Investors remained cautious as fears of an interest rate hike over the weekend continued to weigh on the market, as did the tight liquidity conditions due to PetroChina's A-share offer. The benchmark Shanghai Composite Index closed up 27.24 points or ...
    2007-10-26 12:37:00
  • New Zealand Dollar Gains on Prospect Record Rates Will Remain

    Bloomberg - Oct. 26 (Bloomberg) -- The New Zealand dollar rose to the highest in more than a week on expectations the central bank will leave the benchmark interest rate at a record for some time, boosting the appeal of the nation's high-yielding assets. Reserve ...
    2007-10-25 09:45:00
  • HK blue chips jump to fresh peak, property surges

    Reuters UK - HONG KONG, Oct 26 (Reuters) - Hong Kong blue chips rose more than 2 percent on Friday as shares in the city's property developers surged on hopes of an interest rate cut by the U.S. Federal Reserve, which meets next week. The benchmark Hang Seng ...
    2007-10-26 12:22:00
  • 30-year rates fall to 6.33%, lowest level in 6 weeks

    Baltimore Sun - Analysts attributed this week's decline to rising expectations that the Fed, which cut a key interest rate for the first time in four years in September, will trim it again at a meeting next week to try to prevent a severe slump in housing and a ...
    2007-10-26 12:08:00
  • European Bonds Poised for Second Weekly Gain on Growth Outlook

    Bloomberg - Oct. 26 (Bloomberg) -- European government bonds were poised for a second week of gains on signs the credit squeeze is slowing global growth and on speculation Federal Reserve interest-rate reductions will limit the European Central Bank's scope for ...
    2007-10-25 11:39:00
  • Mexico May Keep Rates Unchanged on Outlook for Slowing Growth

    Bloomberg - Oct. 26 (Bloomberg) -- Mexico's central bank will probably keep its benchmark interest rate unchanged today on speculation slowing economic growth will offset rising food costs. The five-member board will keep the rate at 7.25 percent for a sixth ...
    2007-10-25 11:46:00
  • China 7-day repo rate set at 10.0351 pct vs 8.7319 pct

    Forbes - CFETS began the daily fixing of overnight and seven-day repurchase rates in March 2006 to provide a reference for derivatives such as interest rate forwards, swaps and short-term interest rate futures. ivy.cheng@xinhuafinance.com ic/kmq xfnic/xfnkm ...
    2007-10-25 09:30:00
  • SKorean shares higher as investors bet on US rate cut

    CNBC - SEOUL (Thomson Financial) - South Korean shares were higher midway through the session Friday as investors looked forward to an interest rate cut by the Federal Reserve next week to aid the US economy. Upbeat earnings from software giant Microsoft ...
    2007-10-25 09:16:00
  • Forex - US dollar hovers near all-time low vs euro on chances of Fed ...

    Forbes - US data came in on the downside, so the market is now factoring in an interest rate cut this month.' At 1.00 pm (0500 GMT), the euro was at 1.4336 dollars, up from 1.4327 in Sydney in the morning. The euro rose to an all-time high of 1.4348 dollars on ...
    2007-10-25 11:32:00
  • U.K. Pound Poised for Weekly Drop Against Euro on Rate Outlook

    Bloomberg - Oct. 26 (Bloomberg) -- The pound was poised for a third week of declines against the euro as traders bet the Bank of England will lower interest rates as the European Central Bank keeps borrowing costs on hold. The U.K. currency is near its lowest in ...
    2007-10-26 12:29:00
  • Australian dollar hits 23-year high on interest rate speculation

    Forbes - SYDNEY (Thomson Financial) - The Australian dollar broke through 91 US cents Friday to trade at 23 year highs on speculation that Australia's central bank will hike interest rates early next month to an 11 year high while the US Federal Reserve is ...
    2007-10-25 10:06:00
  • Dollar Trades Near Record Low on U.S. Interest-Rate Outlook

    Bloomberg - Oct. 26 (Bloomberg) -- The dollar traded near a record low against the euro on speculation a slowing U.S. economy and finance industry losses will prompt the Federal Reserve to lower interest rates on Oct. 31. The dollar headed for a third weekly ...
    2007-10-25 11:18:00
  • Chile's Peso Rises Most in Two Years on Interest Rate Outlook (Bloomberg.com)

    Oct. 25 (Bloomberg) -- Chile's peso rose the most in more than two years on speculation the difference in interest rates between Chile and the U.S. may widen, making yields on peso- denominated debt more attractive.
    2007-10-25 01:58:30