Mortgage and Financial News From 2007-10-29
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Asian Markets Close Higher on US Rate Expectations
CNBC - Asian markets rallied in the afternoon session Monday to close higher across the board. South Korea and Australia hit new records on speculation of a U.S. interest rate cut this week, a weak U.S. dollar and upbeat earnings results, which all helped ...
2007-10-29 03:39:00 -
WALL STREET OUTLOOK Higher open seen amid Fed-rate cut hopes; Merrill ...
CNBC - LONDON (Thomson Financial) - Wall Street is on track for gains in a week where expectations are high the US Federal Reserve will cut interest rates to boost the economy, with Merrill Lynch in focus amid reports its Chief Executive Stan O'Neal is set ...
2007-10-29 04:01:00 -
Forex - Dollar sees minor recovery but further falls likely as US rate ...
Forbes - Elsewhere, the pound came close to the 26-year high of 2.0653 usd it reached in July, rising as high as 2.0624 usd after strong mortgage lending data from the Bank of England dampened the chances of an early interest rate cut. The figures showed ...
2007-10-29 06:02:00 -
India shares top 20,000; mkt expects U.S. rate cut
Reuters India - MUMBAI (Reuters) - Indian shares stormed to their 21st record high in 28 sessions since the U.S. Federal Reserve cut interest rates last month, surging above 20,000 for the first time on Monday as traders priced in another U.S. rate cut this week ...
2007-10-29 04:51:00 -
Futures point higher on rate cut hopes
Washington Post - NEW YORK (Reuters) - Stocks looked set to open higher on Monday as investors placed bets that the Federal Reserve will cut interest rates at the end of a two-day policy meeting that will begin on Tuesday. Shares of Merrill Lynch & Co Inc (MER.N) may ...
2007-10-29 04:22:00 -
Dollar at new lows as market eyes Fed rate cut
Reuters - LONDON (Reuters) - The dollar sagged to a record low against the euro and a basket of major currencies on Monday, pressured by expectations of a Federal Reserve interest rate cut this week and perhaps another reduction by the end of the year. The ...
2007-10-29 04:58:00 -
Stock futures move higher on hopes for rate cut; market waits for fate ...
CNBC - NEW YORK - Wall Street pointed to a higher opening Monday as investors positioned themselves ahead of an expected interest rate cut by the Federal Reserve, and bought into energy stocks as oil continued to spike higher. The Fed begins its two-day ...
2007-10-29 04:58:00 -
Thai shares close sharply higher on US rate cut hopes
Forbes - BANGKOK (Thomson Financial) - Thai shares closed higher on Monday as investors pinned their hopes on an expected interest rate cut in the United States later this week. The market was also buoyed by the continued flow of foreign funds into Asia, with ...
2007-10-29 04:08:00 -
Wall Street set for strong open on rate hopes
CNBC - NEW YORK - Stocks were set for a strong open on Monday, continuing last week's gains, as investors scooped up equity futures on expectations that the Federal Reserve will cut interest rates this week. Shares of Merrill Lynch & Co Inc may be ...
2007-10-29 06:09:00 -
Dollar Falls to Record Low Against Euro on Bets Fed to Cut Rate
Bloomberg - Oct. 29 (Bloomberg) -- The dollar fell to a record low against the euro on speculation the Federal Reserve will cut interest rates this week to prevent the worst U.S. housing slump in 16 years from slowing the economy. The U.S. currency slid to its ...
2007-10-29 05:34:00 -
GLOBAL MARKETS-Stocks rally, dollar tumbles as US rate cut looms
Reuters - LONDON, Oct 29 (Reuters) - Expectations of a U.S. interest rate cut this week boosted world stocks for a third straight session on Monday and sent the dollar to record lows, while surging energy and gold prices buoyed emerging markets. The Federal ...
2007-10-29 05:55:00 -
India Says Interest-Rate Rises `Containing' Inflation (Update1)
Bloomberg - Oct. 29 (Bloomberg) -- India's central bank said three years of interest-rate increases are ``containing'' inflation, signaling that borrowing costs may be kept unchanged. ``Pre-emptive monetary measures since mid-2004 accompanied by fiscal and ...
2007-10-29 05:55:00 -
Chile's Peso Rises to Near 8-Year High on Interest-Rate Outlook
Bloomberg - Oct. 29 (Bloomberg) -- Chile's peso rose to near the strongest in eight years on speculation the Federal Reserve will cut its benchmark lending rate this week, luring capital to the higher yields of peso-denominated debt. The peso rose 0.2 percent to ...
2007-10-29 07:00:00 -
Malaysian central bank seen keeping interest rate steady tomorrow - economists (Sharewatch)
KUALA LUMPUR (Thomson Financial) - Bank Negara, the Malaysian central bank, is expected to keep its overnight policy rate (OPR) steady at 3.5 percent at its meeting Tuesday amid increasing signs of possible recession in Malaysia's largest trade partner, the US.
2007-10-28 09:31:12 -
GLOBAL MARKETS-Stocks rally, dollar tumbles as US rate cut looms (Reuters via Yahoo! Singapore News)
LONDON, Oct 29 - Expectations of a U.S. interest rate cut this week boosted world stocks for a third straight session on Monday and sent the dollar to record lows, while surging energy and gold prices buoyed emerging markets.
2007-10-29 06:02:03