Mortgage and Financial News From 2007-11-15 Page 15

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  • Canadian Dollar Rally May Stall, Option Bets Suggest (Update2)

    Bloomberg - Nov. 15 (Bloomberg) -- Options bets signal that the Canadian dollar's 19 percent surge versus its U.S. counterpart this year to a record high may fade as interest-rate differentials lessen and commodity prices stabilize. Traders are paying the ...
    2007-11-15 07:41:00
  • Hints of rate rise come thick and fast in China

    Reuters - BEIJING, Nov 15 (Reuters) - From the premier warning about price pressures to front-page editorials calling for action, all signs point to China's central bank increasing interest rates for the sixth time this year. Such a move could come as early as ...
    2007-11-15 06:15:00
  • Expectations of several BoE cuts look overdone

    Reuters - Interest rate futures are now fully pricing in two interest rate cuts and possibly a third in 2008. A Reuters poll after the BoE forecasts also showed most analysts looking for two rate cuts next year. A number of economists are now even predicting ...
    2007-11-15 10:11:00
  • Consumer prices up sharply

    Reuters - The moderate core inflation reading may give the Federal Reserve some breathing room as it decides whether further interest rate cuts are necessary to counter financial market turbulence and a worrisome housing downturn. "The CPI data was 'tame ...
    2007-11-15 01:53:00
  • Chinese shares fall; oil, coal stocks drag benchmarks down on ...

    CNBC - SHANGHAI, China - Chinese stocks fell Thursday as expectations of an interest rate hike prompted investors to sell Chinese oil and coal stocks. The benchmark Shanghai Composite Index fell 47.4 points, or 0.9 percent, to 5,365.3. The Shenzhen ...
    2007-11-15 02:40:00
  • Euroshares close lower, ending run of gains on inflation fears UPDATE

    Forbes - LONDON (Thomson Financial) - Europe's leading exchanges ended lower, ending a three-session run of gains, led by weakness in metal and mining stocks, with investors also concerned future interest rate cuts may be at risk amid rising concern about ...
    2007-11-15 09:21:00
  • N.Z. Dollar Heads for Weekly Drop on Prospect Rates Have Peaked

    Bloomberg - Bollard Nov. 14 told a parliamentary select committee his high interest rate policy was affecting the property market ``in quite a significant way.'' Bollard also said demand for the New Zealand dollar may be waning as investors look to ...
    2007-11-15 12:56:00
  • 30-year rates unchanged

    Seattle Post Intelligencer - The Federal Reserve has cut a key interest rate twice since September, but Fed Chairman Ben Bernanke said in congressional testimony last week that, at the moment, the Fed sees the risks of higher inflation and weaker growth as roughly balanced, a ...
    2007-11-15 02:00:00
  • BoE Warns of Sharp '08 Slowdown

    BusinessWeek - We now believe the MPC will deliver the first interest rate cut at the December MPC meeting ... and the Inflation Report suggests that February is the latest that we should expect a cut to be delivered." The Bank of England signalled that interest ...
    2007-11-15 01:25:00
  • Bank of Canada injections now total C$1.565 bln

    Reuters - OTTAWA, Nov 15 (Reuters) - The Bank of Canada has now injected a total of C$1.565 billion ($1.593 billion) into markets on Thursday to lower the overnight interest rate toward the central bank's target and improve liquidity. The bank earlier on ...
    2007-11-15 11:37:00
  • Forex - Dollar steady as strong inflation makes Fed rate cuts trickier

    Forbes - The daylight between the anticipated interest rate profile in the UK and euro zone now appears to have grown,' said Neil Mellor at the Bank of New York (nyse: BK - news - people ) Mellon, adding that the euro may be set for further ...
    2007-11-15 08:38:00
  • Fed's Hoenig says must be wary of inflation

    Guardian Unlimited - SANTA FE, N.M., Nov 15 (Reuters) - The Federal Reserve must be wary of inflation, but more interest rate cuts may be needed if growth is weaker than already expected, Kansas City Fed Bank President Thomas Hoenig said on Thursday. Hoenig, a voting ...
    2007-11-15 02:00:00
  • US RATE FUTURES-Jump after CPI, jobless claims

    Reuters - CHICAGO, Nov 15 (Reuters) - U.S. short-term interest rate futures extended earlier gains on Thursday after consumer price inflation for October came in as forecast but weekly jobless claims rose more than expected. Futures imply roughly a 90-percent ...
    2007-11-15 08:31:00
  • Czech Koruna Gains to Near Record Against Euro on Rate Signal

    Bloomberg - Nov. 15 (Bloomberg) -- The Czech koruna gained to near a record high against the euro after the central bank signaled a rise in the European Union's lowest interest rate this month. Central bank Deputy Governor Ludek Niedermayer said rates should ...
    2007-11-15 08:03:00
  • UPDATE 2-Bank of Canada intervention biggest since August

    Reuters - OTTAWA, Nov 15 (Reuters) - The Bank of Canada intervened in money markets in a big way on Thursday to lower the overnight interest rate towards its target, injecting amounts not seen since the middle of the August credit crunch. The bank injected a ...
    2007-11-15 01:46:00