Mortgage and Financial News From 2007-10-19 Page 13

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  • Treasuries Rise as Concern Over Housing, Credit Increases

    Bloomberg - The steepening of the yield curve ``is consistent with this flight-to-quality credit concern,'' said Carl Lantz, an interest-rate strategist in New York at primary dealer Credit Suisse Group. ``In a flight to quality, people gravitate to the front ...
    2007-10-19 09:42:00
  • Dollar weaker at noon

    News.com.au - THE dollar was weaker at noon as a fall in risk appetite across Asia dampened support for high interest rate currencies, ahead of tonight's G7 meeting of finance ministers. At 12pm AEST, the Australian dollar was trading at $US0.8927/32, down from ...
    2007-10-19 05:45:00
  • Growth figure limits FTSE losses

    Financial Times - London equities stayed in neutral gear on Friday, after news of stronger-than-expected third quarter GDP growth dashed hopes of an interest rate cut in November. The FTSE 100 was little changed on the day at 6,606.8, easing back by 3 points. Real ...
    2007-10-19 06:07:00
  • Strong UK GDP lifts sterling to 2-month high vs dollar

    Reuters UK - LONDON, Oct. 26 (Reuters) - Sterling hit a two-month high versus the dollar and rallied versus the euro on Friday after stronger-than-expected British growth figures dimmed expectations of an imminent interest rate cut from the Bank of England. The ...
    2007-10-19 07:40:00
  • Economy grows at fastest rate in 3 years

    MSN UK News - The pound rose and interest rate futures fell as investors bet the Bank of England would be in no hurry to cut borrowing costs this year, given signs that consumers and businesses have held up well against this summer's financial market turmoil. Even ...
    2007-10-19 03:58:00
  • UK growth rate hits three-year high

    Financial Times - ... of England’s concerns about capacity constraints,” said Howard Archer, economist at Global Insight. “Along with recent data showing buoyant retail sales in September and a still healthy labour market, this dilutes the case for an interest rate ...
    2007-10-19 04:05:00
  • Canada dollar sets 31-year high on inflation data

    Reuters - TORONTO, Oct 19 (Reuters) - The Canadian dollar surged against the U.S. dollar on Friday after a larger-than-expected rise in September core inflation eliminated any thought of a Canadian interest rate cut in the foreseeable future. Domestic bond ...
    2007-10-19 09:27:00
  • UPDATE 2-UK Q3 GDP expands at fastest annual rate in 3 yrs

    Reuters UK - The pound rose and interest rate futures fell as investors bet the Bank of England would be in no hurry to cut borrowing costs this year, given signs that consumers and businesses have held up well against this summer's financial market turmoil. ...
    2007-10-19 06:07:00
  • Canadian dollar tops $1.03 (U.S.)

    Globe and Mail - The loonie topped $1.03 (U.S.) on Friday, driven by surging crude prices and an inflation report that further dimmed the odds of an interest rate cut. The surging Canadian currency climbed as high as $1.0358, its highest level since June, 1974, in ...
    2007-10-19 09:56:00
  • Bernanke:  'Uncertainty' complicates Fed policy

    MSNBC - To cushion the economy from the ill effects of a credit crunch and severe housing slump, the Fed in September slashed a key interest rate by a half percentage point to 4.75 percent. It was the first time the Fed cut rates in more than four years. ...
    2007-10-19 10:03:00
  • Strong growth casts doubt on rate cut

    Times Online - The economy is expanding at its fastest pace in more than three years, the Office for National Statistics said today, revealing stronger-than-expected figures that appeared to make an interest rate cut next month very unlikely. The rate of GDP growth ...
    2007-10-19 07:04:00
  • Rate rise 'line ball'

    News.com.au - GLOBAL jitters are stopping economists from backing an interest rate rise on Melbourne Cup Day. A clearer picture of the economy will emerge in the next three weeks as a series of domestic and foreign events show the underlying impact the subprime ...
    2007-10-19 07:04:00
  • TREASURIES-Bonds rise on persistent Fed rate cut bets

    Reuters - NEW YORK, Oct 19 (Reuters) - U.S. government bond prices rose on Friday as bond investors continued to bet that credit market strains and a decelerating economy would prompt the Federal Reserve to cut interest rates soon. The benchmark 10-year ...
    2007-10-19 08:23:00
  • TREASURIES-Bonds gain on persistent Fed rate cut bets

    Reuters - NEW YORK, Oct 19 (Reuters) - U.S. government debt prices rose on Friday as investors hardened bets that credit market strains and a decelerating economy would prompt the Federal Reserve to cut interest rates soon. The benchmark 10-year Treasury note ...
    2007-10-19 06:50:00
  • UK economy grows at fastest pace in more than 3 years, reduces chance ...

    San Diego Union-Tribune - LONDON – The British economy grew at its fastest annual pace in more than three years between July and September, according to figures out Friday, reducing the chances of an interest rate cut later this year. The Office for National Statistics said ...
    2007-10-19 09:06:00