Mortgage and Financial News From 2007-8-22 Page 21
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Sector Snap: Mortgage Lenders (AP via Yahoo! Finance)
Shares of mortgage lenders climbed Tuesday on prospects for a Federal Reserve interest-rate cut and the possibility that Countrywide Financial Corp. could attract a buyout.
2007-08-21 06:44:57 -
US STOCKS-S&P, Nasdaq up on rate-cut speculation; Dow dips
Reuters - Last: NEW YORK, Aug 21 (Reuters) - The S&P 500 and Nasdaq rose on Tuesday as a signal that the Federal Reserve might cut its benchmark interest rate soon muted persistent concerns about withering credit markets. The Fed would use "all available tools ...
2007-08-21 11:35:00 -
Global Strains Might Yet Give China Pause on Rates
CNBC - China is likely to keep tightening monetary policy over the rest of 2007, but some economists believe the central bank will slow the tempo of interest rate increases as the outlook for exports darkens and inflation prospects improve. The fourth rise ...
2007-08-22 05:19:00 -
US STOCKS-Dow down, S&P flat as rate-cut chances weighed
Reuters - Last: NEW YORK, Aug 21 (Reuters) - The Dow slipped while the S&P was nearly flat on Tuesday as increased speculation about an interest-rate cut by the Federal Reserve was offset by persistent worries about troubles in the mortgage market. U.S. Senate ...
2007-08-21 10:45:00 -
Fed Rate Cut Confusion
Forbes - Alan Lancz, director of investment research firm LanczGlobal.com, said the market is trading in a narrow band, caught between fears of further credit and mortgage problems and hope of an interest rate cut. On the interest rate front, investors were ...
2007-08-21 09:55:00 -
Financial market turmoil doesn't require key rate change, says Fed ...
Xinhua News Agency - WASHINGTON, Aug. 21 (Xinhua) -- A senior official from U.S. Federal Reserve said Tuesday that the financial market turmoil does not require a change in the central bank's target interest rate. "Financial market volatility, in and of itself, does not ...
2007-08-21 10:09:00 -
Fed keeps tools handy, calms Wall Street
Washington Post - WASHINGTON/LONDON (Reuters) - Federal Reserve Chairman Ben Bernanke signaled a willingness to consider an early cut in the benchmark interest rate to quell market unrest, a key U.S. lawmaker said on Tuesday after meeting with the Fed chief. However ...
2007-08-22 05:05:00 -
Mboweni warns of further interest rate hikes
SABC - The Reserve Bank governor Tito Mboweni has warned that general price pressures were evident in the South African economy, which could lead to further interest rate hikes this year. Speaking in Polokwane Mboweni said higher interest rates were the ...
2007-08-22 04:43:00 -
Japan central bank expected to stand pat on interest rates
MSN UK News - Before the U.S. subprime mortgage crisis sent global stock markets on a nose-dive in recent weeks, expectations had been high the Bank of Japan would raise a key interest rate, now at a relatively low 0.50 percent. But fears about the U.S. credit ...
2007-08-22 02:34:00 -
HK Hot Stocks: Properties edge up on rate cut hopes
Reuters UK - As of 0230 GMT, the blue-chip Hang Seng Index (.HSI: Quote , Profile , Research ) was up 0.9 percent, shrugging off China's latest interest rate rise as it took its cues from rising hopes of a rate cut by the U.S. Federal Reserve. The index opened up ...
2007-08-22 02:34:00 -
GLOBAL MARKETS-Stocks creep up on US rate cut hopes; yen firm
Reuters UK - HONG KONG, Aug 22 (Reuters) - Most Asian stocks tiptoed higher in early trade on Wednesday, lifted by hopes that the U.S. might cut interest rates to calm turbulent markets, but the stronger yen weighed on Japan's exporters, such as Toyota Motor ...
2007-08-22 01:23:00 -
China A-shares end morning higher, shrugging off early losses on rate ...
Forbes - SHANGHAI (XFN-ASIA) - China A-shares ended the morning higher as select banks rebounded from early losses -- caused by the central bank's interest rate hike yesterday -- and investors refocused on corporate earnings. The benchmark Shanghai Composite ...
2007-08-22 05:19:00 -
Fed keeps tap open; stands firm on rate
Globe and Mail - WASHINGTON — The U.S. central bank continued to pump funds into the troubled credit market Tuesday, but is so far resisting calls for an emergency cut in its benchmark interest rate. Federal Reserve Board chief Ben Bernanke met Tuesday in ...
2007-08-22 12:40:00 -
Market mayhem to stave off rate rise
News.com.au - JOHN Howard could make it to the polls without another interest rate increase after financial markets, rocked by the global turmoil of the past fortnight, slashed the chances of an imminent rise to zero. Friday's decision by the US Federal Reserve ...
2007-08-21 11:42:00 -
Wall St rises on rate tip
News.com.au - THE S&P 500 and Nasdaq rose overnight as a signal that the Federal Reserve might cut its benchmark interest rate soon muted persistent concerns about withering credit markets. The Fed would use "all available tools" to calm financial markets, its ...
2007-08-22 04:07:00