Archive for August, 2007
US jobs data prompts more interest rate fears
The Labor Department reported 334,000 new claims for the week ending August 25, while economists had predicted 322,000 new claims. That was the most new claims since 341,000 in the week ending April 14 and prompted concerns that troubles in the US housing sector are spreading to the labour market. However, with financial markets remaining [...]
August 31, 2007
Tags: Bernanke, FED, Interest Rates Posted in: Uncategorized 
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Loans markets points to lower interest rates
By 4 pm London time yesterday, the Dow Jones index of leading shares had more or less recouped Wednesday’s 100 plus point decline, while the Nasdaq was up 1 %. Further volatility in asset markets is likely to be the key driver and will likely keep high-yield currencies trading in a choppy fashion. Despite yesterday’s [...]
August 30, 2007
Tags: Bank of Japan, FED, Interest Rates Posted in: Uncategorized No Comments
Data not as bad as Loans Calculators had feared
The closely watched consumer confidence index released by the Conference Board fell to 105.0 in August from a downward revision to 111.9 in July. Loans Calculators had predicted a steeper plunge to 104.5. The recent turmoil in equity and credit markets was no doubt a big negative factor but, to some extent, it will have [...]
August 29, 2007
Tags: Loan calculator, sub prime loans Posted in: Uncategorized No Comments
Weak US housing data causes high yielding currencies to fall
A report that Boston-based State Street Bank has 22 billion dollars in exposure to asset-backed commercial paper conduits brought further pressure to the dollar. The Times said State Street has credit lines to at least six conduits, which account for 17 percent of its total assets. Investors have become nervous about the off-balance sheet vehicles [...]
August 28, 2007
Tags: ECB, new home sales, sub prime loans Posted in: Uncategorized No Comments
Interest rate risk aversion returns to loan calculator
The yen rallied on Friday as risk aversion returned to global markets following several sessions of relative calm. An overnight drop in US equity markets was followed by falls in Asian stocks. But trade was light with few investors wishing to take fresh positions in the face of uncertainty about the timing of the next [...]
August 24, 2007
Tags: ECB, loans rates Posted in: Uncategorized No Comments
Loan calculator sees Euro interest rate rises
The European Central Bank gave a clear hint that it is still on course to raise borrowing costs next month despite the recent turmoil in the financial markets. In a statement, the ECB confirmed yesterday that its monetary policy stance has not changed from earlier in the month when the bank’s chief Jean Claude Trichet [...]
August 23, 2007
Tags: ECB, FED, Interest Rates Posted in: Uncategorized No Comments
Loan calculator considers stable interest rates
Trading continues to be jittery, with a great deal of uncertainty remaining as to just how deep-rooted the credit crisis is, the extent to which it will spread to the wider economy and whether central banks can ease the problems significantly. There is a general lack of conviction in the markets right now, and that [...]
August 21, 2007
Tags: Loan calculator, sub prime loans, UK loans rates Posted in: Uncategorized No Comments
