Archive for February, 2007
Financial Markets take Massive hits
Durable goods orders dropped 7.8 percent in the month of January, which was the largest decline in 3 years due mainly to civilian airline orders helping to push orders for non-defense goods. Orders which are heavily skewed by aircraft fell by 3.1% in January following a downwardly revised 2.8% gain in December. Even though consumer [...]
February 28, 2007
Tags: china, FED, inflation Posted in: Uncategorized 
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Loans markets Look ahead to US Data
We start off with today’s durable goods orders at 1.30 and could see a drop from 2.9% to -2.4% as Boeing orders are expected to drag the total level lower. US Existing home sales are at 3pm and unless we see a meaningful pickup in the housing market, we believe that the Federal Reserve will [...]
February 27, 2007
Tags: UK loans rates Posted in: Uncategorized No Comments
BoJ decision raises rates to 0.5 per cent
The bank of Japan voted 8-1 in favour of raising interest rates by 0.25 basis points to 0.5%. Toshihiko Fukui, BoJ governor, mentioned future rate rises would be very gradual and that they would be keeping monetary policy extremely accommodative. In the Eurozone Friday’s slightly lower than expected German IFO figure came in at 107.5 [...]
February 26, 2007
Tags: Bank of Japan, Interest Rates Posted in: Uncategorized No Comments
UK loans rates may stay at 5.5%
Just after the refinance markets sent rates tumbling on the back of less hawkish MPC minutes from the latest monetary policy meeting, BoE’s Chief Economist Bean reminded everyone that the central bank cannot afford to relax about inflationary pressures. Data showed that UK business investment grew at its fastest pace in more than a decade [...]
February 23, 2007
Tags: Bank of England, FED, UK loans rates Posted in: Uncategorized No Comments
Bank of England hold rates at 5.25 per cent
Yesterday the minutes from the Bank of England’s February Monetary Policy Committee meeting revealed a 7 to 2 vote in favour of keeping UK interest rates on hold at 5.25 per cent. The seven members that voted for a rate hold felt concerned about delivering rate hikes that were too closely spaced together. They wanted [...]
February 22, 2007
Tags: Bank of England, Bank of Japan, FED, Interest Rates Posted in: Uncategorized No Comments
All lenders eyes on the BoE minutes
Loans interest rates was stronger yesterday thanks to firm money supply and public finance data. M4 money supply grew by a healthy 13% in the month of January while net monthly lending hit a fresh record high. Today’s release of the MPC minutes from the monetary policy meeting held earlier this month is the main [...]
February 21, 2007
Tags: Bank of England, Interest Rates, loans, refinancing rates Posted in: Uncategorized No Comments
Are inflationary pressures in the UK beginning to diminish?
With the US markets closed for Presidents’ Day and many Asian markets closed for the Lunar New Year, trading has been extremely quiet in the refinancing markets. News from Japan, the UK and the Eurozone have been driving the fluctuations and this is expected to continue for the remainder of the week since consumer prices [...]
February 20, 2007
Tags: commentary, refinancing rates, UK loans rates Posted in: Uncategorized No Comments
Relatively quiet week on the loans data front
A week of choppy trading after a slew of important economic releases left GBP/USD modestly higher by the end of the week. Overwhelming evidence that inflation pressures have eased in the UK economy kept Cable grounded, with PPI showing that input prices plunged 2.0 percent on petroleum product costs, while output prices jumped 0.3 percent [...]
February 19, 2007
Tags: Interest Rates, loans, refinancing rates Posted in: Uncategorized No Comments
Lenders boosted by Bernanke
US government bond prices hit one-month highs on Friday as investors took heart after Ben Bernanke, chairman of the Federal Reserve, said inflation is easing. Weaker than expected data encouraged the bond bulls who felt Mr Bernanke’s comments heralded interest rate cuts in the face of slowing US economic growth. By the week’s end, futures [...]
February 16, 2007
Tags: Bernanke, Interest Rates Posted in: Uncategorized No Comments
UK Retail sales expected to increase for fourth consecutive month as house prices slow
Retail sales in the UK are expected to have risen for a fourth consecutive month as figures are released this morning. The survey is expected to show that shoppers took advantage of after-Christmas discounts in January. Sales in stores and supermarkets are forecast to have climbed 0.2 percent from December. Shoppers have helped power the [...]
February 15, 2007
Tags: inflation, Loan calculator, retail sales Posted in: Uncategorized No Comments
