Archive for November, 2008
Typical Thanksgiving Day Holiday
In terms of volumes and liquidity left us trading very tight ranges yesterday and with tradition dictating an early close today in the US equity markets and with a lot of the rest of the workforce extending the holiday into the weekend, we are destined for another quiet one. There is also very little data [...]
November 28, 2008
Tags: Bank of England, Credit Crunch, ECB, Interest Rates, Oil Posted in: Uncategorized 
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Thanksgiving Day Holiday in the US
US holiday will leave the markets desperately thin this afternoon with complete closure of their fixed interest and equity markets plus there being no Dollar cash settlement today. Yesterday saw a bit of an up and down day on the stock markets with the US indices ending higher at the close on bargain hunting for [...]
November 27, 2008
Tags: china, consolidate debt loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
Global inflation continues to spiral lower
Data scheduled to be released today/tomorrow from the German states followed by the figure for the country as a whole, are expected to show a further profound slowdown in perceived inflation. The overall figure is expected to show a fall in the November CPI of 0.2% with HICP at +1.7%. This, coupled with recent weak [...]
November 26, 2008
Tags: falling interest rates, inflation, Interest Rates, recession Posted in: Uncategorized No Comments
Loan calculators don’t feel any better off
The Chancellor duly delivered his pre-Budget Statement to an enthralled world and largely produced what had been anticipated. The known factors are worrying enough, the unknown components of the cure will keep economists employed for years to come, pontificating the why’s and the wherefore’s. An interesting quote within an article in the Times this morning [...]
November 25, 2008
Tags: Credit Crunch, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
Fiscal stimulus starts here
For those of you who have been away on a desert island for the past few weeks, today sees the UK Chancellor unveil his Kick Start for the economy thinly disguised as his pre-Budget Statement. It is difficult to ascertain just how much of the recent press coverage is actual and how much is speculative. [...]
November 24, 2008
Tags: Credit Crunch, ECB, UK loans rates, uk recession Posted in: Uncategorized No Comments
The lull before next week’s storm
The reaction to the combination of yesterday’s UK data and US rate moves was baffling to say the least. One would have assumed that the combination of much better than expected UK retail sales figures (a fall of 0.1% against expectations of a 0.8% drop) and a sharp drop in US Treasury yields might have [...]
November 21, 2008
Tags: consolidate debt loans, Loan calculator, refinancing rates, uk recession, US loans rates Posted in: Uncategorized No Comments
MPC- more interest rates cuts on the cards
The minutes from this month’s Monetary Policy Committee meeting revealed that the MPC recognised the need for a cut in rates of at least 200 bp to ensure that their long-term inflationary goals would be met. However, they decided that a cut of this magnitude might have serious adverse effects on the value of the [...]
November 20, 2008
Tags: Bank of Japan, falling interest rates, FED, Interest Rates Posted in: Uncategorized No Comments
Inflation Data indicates significant Global Fall in Prices
The UK Office for National Statistics yesterday reported that the headline inflation rate had its biggest 1-month decline in the past 10 years. The CPI year-on-year rate was reported at 4.5% higher in October compared to a 5.2% annual rise in the year to September. The core CPI number (which does not include price moves [...]
November 19, 2008
Tags: falling interest rates, inflation, recession, uk recession Posted in: Uncategorized No Comments
A Better Day for Sterling
On the back of very little, Sterling bounced quite sharply against both Dollar and Euro yesterday and retained most of the gains overnight. It appears that the market views the stance being adopted by the UK authorities in a mildly positive manner, especially given the apparent continued deterioration of the Eurozone and US economies. Following [...]
November 18, 2008
Tags: falling interest rates, Interest Rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
G20 Fail to satisfy markets on immediate measures
The results from the G20 meeting are at first sight disappointing. Barack Obama didn’t show, there was no mention of further co-ordinated monetary easing and no agreement on the wisdom of a large global fiscal stimulus. Only an agreement to lay out a work plan, to be finalised before the next get-together in April next [...]
November 17, 2008
Tags: Bank of Japan, falling interest rates, G20, recession, refinancing rates Posted in: Uncategorized No Comments
