Mortgage and Financial News From 2007-12-5 Page 17

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  • UK gilts outperform as weak data boost chances of rate cut tomorrow

    Forbes - LONDON (Thomson Financial) - UK gilts outperformed other European government bonds after weak economic data this morning gave a massive boost to views that the Bank of England will cut interest rates tomorrow. The Halifax housing survey showed prices ...
    2007-12-05 08:07:00
  • Sterling slides ahead of rate decision

    Financial Times - Sterling slumped on Wednesday bearing the hallmark of the rising likelihood that the Bank of England would deliver an interest rate cut on Thursday. Economic data provided support for a 25 basis points cut to 5.5 per cent as service sector activity ...
    2007-12-05 08:07:00
  • Markets echo change in rate sentiment

    Guardian Unlimited - Financial markets endured a day of high volatility as City analysts and dealers swung round to the idea that the Bank of England might be on the verge of the first interest rate cut in more than two years. The FTSE surged higher while the pound and ...
    2007-12-05 09:48:00
  • Stocks jump on rate cut hopes

    CNN Money - NEW YORK (CNNMoney.com) -- Stocks rallied Wednesday morning on bets that the Federal Reserve will cut interest rates at its policy meeting next week, perhaps by as much as a half percentage point. The Dow Jones industrial average ( Charts ) jumped ...
    2007-12-05 09:26:00
  • FOCUS Nov ADP jobs report raises questions about Fed rate cut

    Forbes - WASHINGTON (Thomson Financial) - US companies added 189,000 jobs in November, according to the ADP National Employment Report, much more than Wall Street expected and enough to raise questions about the size of a potential Federal Reserve interest ...
    2007-12-05 09:12:00
  • Growing UK rate cut bets buoy FTSE

    Reuters - Interest rate cuts tend to help boost consumer spending and growth, thereby benefiting stocks. "There has been a bit of strength in property stocks, housebuilders etc. I think what is probably happening here is on the one hand you have got some ...
    2007-12-05 10:23:00
  • Sterling plunges as markets bet on rate cut

    Daily Telegraph - The pound has had its worst day in three-and-a-half years, after a double-whammy of bad economic news led economists to conclude an interest rate cut is now an odds-on probability. The majority of City economists now expect it to cut borrowing costs ...
    2007-12-05 11:21:00
  • Canada dollar falls on rate outlook, bonds sag

    Reuters - TORONTO, Dec 5 (Reuters) - The Canadian dollar fell against the U.S. dollar on Wednesday, hitting levels not seen since mid-September, as the market continued to adjust to a Bank of Canada interest rate cut and pondered the possibility of more to ...
    2007-12-05 09:41:00
  • Pressure builds on Bank for interest rate cut

    Times Online - The Bank of England is facing growing pressure to announce a cut in the UK interest rate tomorrow after house prices in November suffered their worst monthly fall in nearly a year and pre-Christmas consumer confidence fell at its fastest pace since ...
    2007-12-05 07:39:00
  • TREASURIES-Bonds slip, job data unsettles rate-cut view

    Reuters - NEW YORK, Dec 5 (Reuters) - U.S. Treasury debt prices fell on Wednesday after a report showed a surprisingly large rise in private hiring in November, paring expectations of aggressive Federal Reserve interest rate cuts. Traders and economists had ...
    2007-12-05 11:06:00
  • Subprime Rate Five-Year Fix Eyed by U.S. Regulators (Update4)

    Bloomberg - Dec. 5 (Bloomberg) -- Federal regulators and U.S. lenders are focusing on five years as the duration of an interest-rate freeze on subprime mortgages, said a person familiar with negotiations aimed at fending off a jump in foreclosures. Such an ...
    2007-12-05 10:52:00
  • UK: Signs of slowing economy increase calls for interest rate cut

    MSN UK News - Further evidence that Britain's housing boom is fast grinding to a halt _ and declining consumer confidence _ is confirming fears that a decade of strong growth in Europe's second largest economy is coming to an end, putting pressure on the Bank of ...
    2007-12-05 09:26:00
  • Feldstein Urges More Rate Cuts as Recession Odds Rise (Update1)

    Bloomberg - Dec. 5 (Bloomberg) -- Harvard University economist Martin Feldstein said the Federal Reserve should keep cutting interest rates into next year, in part because the volatility of credit markets makes individual reductions less effective. ``We're ...
    2007-12-05 11:21:00
  • Downbeat data leave interest rate vote in the balance

    Financial Times - This week’s vote by the Bank of England’s interest rate-setting monetary policy committee is set to be one of the most finely balanced on record, after a clutch of weak data published on Wednesday appeared to give the Bank enough evidence to ...
    2007-12-05 09:48:00
  • Stocks soar as investors grow more optimistic about economy, upcoming ...

    CNBC - Stocks soar as investors grow more optimistic about economy, upcoming interest rate cut ... NEW YORK - Wall Street rallied Wednesday after new data showed the overall economy is holding up, but that it's not ...
    2007-12-05 11:21:00