Archive for April, 2009
US housing data puts Obama’s hopes on hold
The fledgling recovery in the US housing market appears to have stalled, reducing the chance of President Barack Obama’s “glimmers of hope” turning into green shoots any time soon. Stock markets were little changed as US consumer prices posted their first annual decline since 1955. Trader John Cetera of Hamilton Executions on the floor Hopes [...]
April 16, 2009
Tags: Barack Obama, inflation, mortgage calculator, new home sales, US loans rates Posted in: Uncategorized 
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Sterling leads the way up
Despite yesterday’s trading volumes being severely depleted resulting from the Bank Holiday across much of Europe and the UK; there was plenty of activity – both in the equity and the currency markets. Sterling has tracked higher again following a UK bullish article that appeared in the Telegraph in which the Lombard economist predicts that [...]
April 15, 2009
Tags: home loans, Loan calculator, uk recession, US loans rates Posted in: Uncategorized No Comments
Pound hits five week high against euro
Sterling hit a five week high against the euro and rose against the dollar on Tuesday as the UK currency was bolstered by renewed demand for London-listed equities. Global risk appetite had been whetted by strong earnings figures from US investment bank Goldman Sachs released on Monday, with sterling benefiting due to the UK economy’s [...]
April 14, 2009
Tags: Credit Crunch, Quantitative Easing, UK loans rates, uk recession Posted in: Uncategorized No Comments
Doubts on easing policy as gilt yields keep rising
It is only a few weeks since quantitative easing programmes were launched on both sides of the Atlantic – but already the effectiveness of the measures is being questioned. That is because the purchase of government bonds by both the US Federal Reserve and the Bank of England is not helping sustain lower yields. And [...]
April 9, 2009
Tags: Bank of England, consolidate debt loans, falling interest rates, FED, inflation, Interest Rates, Quantitative Easing Posted in: Uncategorized No Comments
Recession keeps tight grip on UK economy
Labour’s recession kept a tight grip on the British economy in the first three months of the year, a leading economic forecaster warned. New forecasts from the National Institute of Economic and Social Research (NIESR) estimate that the economy contracted 1.5pc between January and March. If the think-tank is correct, it would mean the recession [...]
April 8, 2009
Tags: consolidate debt loans, refinancing rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
UK data weak- but above consensus
UK manufacturing and Industrial production data has been released this morning- both slightly better numbers than expected but that still does not hide the fact that it is grim reading. The year on year drop in industrial production is the biggest drop since the series began in 1968. The year on year drop in manufacturing [...]
April 7, 2009
Tags: Aussie loans rates, Bank of Japan, ECB, falling interest rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
Eurozone interest rates at record low of 1.25pc
The European Central Bank has cut interest rates in the eurozone to a record low of 1.25pc, down from 1.5pc. Economists had been expecting a bigger reduction of half a percentage point to 1pc, but speaking at a press conference after the monthly decision ECB president Jean-Claude Trichet did not rule out further cuts. He [...]
April 6, 2009
Tags: Credit Crunch, ECB, euro, falling interest rates, Interest Rates, recession, refinancing rates Posted in: Uncategorized No Comments
Loan Calculator eyes on the ECB & G20 today
The G20 Conference in London stole the Press Inches but it was the yesterday’s economic and trading data plus financial announcements that provided the market with more interest. From the US we had several very interesting pieces of news – both good and not so good, but Wall Street ended focusing on the positive and [...]
April 3, 2009
Tags: ECB, home loans, Loan calculator, Quantitative Easing, US loans rates Posted in: Uncategorized No Comments
G20 summit- European demands threaten to wreck deal
France and Germany delivered a late threat to derail Gordon ditherer Brown’s efforts to secure a global recovery deal last night by demanding new concessions from the United States on financial regulation. In a classic show of eve-of-summit brinkmanship, Angela Merkel and Nicolas Sarkozy joined forces to give warning that they would refuse to sign [...]
April 2, 2009
Tags: Credit Crunch, G20, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
German retail sales fall
German retail sales for February have fallen 0.2% against the consensus of a rise of 0.2% this morning reinforcing the weak sentiment in Germany. Yesterday we saw unemployment levels rise to 8.6% as the powerhouse of Europe comes under real pressure- this will heighten the cause for more action from the ECB tomorrow. Today, news [...]
April 1, 2009
Tags: Bank of Japan, ECB, falling interest rates, G20, Loan calculator, unemployment Posted in: Uncategorized No Comments
