Mortgage and Financial News From 2007-10-18 Page 7

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  • Crude Oil Rises to Record $90 After Dollar Drops Against Euro

    Bloomberg - Interest-rate futures show a 70 percent likelihood the Fed will lower its target rate for overnight loans a quarter-percentage point to 4.5 percent. ``There's still no end in sight in terms of what people are willing to pay,'' said Bob ...
    2007-10-18 04:24:00

  • Stocks Mixed as Dollar Weakens

    Wall Street Journal - As the dollar hit record lows against the euro, crude oil jumped to nearly $90 a barrel, fueling concerns about an economic slowdown but raising hopes for further interest-rate cuts by the Federal Reserve. Stocks were little changed, however. The Dow ...
    2007-10-18 04:09:00

  • Brazil real firms as rate maintained, stocks down

    Reuters - Last: SAO PAULO, Oct 18 (Reuters) - Brazil's stock market fell, but its currency strengthened in early trade on Thursday after the central bank put its two-year interest rate-cutting drive on hold and overseas markets drooped. The Bovespa index ...
    2007-10-18 10:04:00

  • Dollar opens slightly stronger

    News.com.au - Heightened speculation of a US interest rate cut continues to weaken the American currency and support the Australian dollar. At 7am AEST, the Australian dollar was trading at $US0.8962/67, up from yesterday's close of 0.8948/51. Overnight, it traded ...
    2007-10-18 02:44:00

  • BofA writedown latest blow for US financials

    MSN MoneyCentral - Wall Street stocks were mixed yesterday, having pared early losses, after a big fall in profits at Bank of America added to woes in the financial sector and weighed on investor confidence. Expectations of an interest rate cut this month intensified ...
    2007-10-18 03:41:00

  • Treasury Prices Surge On Rate-Cut Expectations

    Wall Street Journal - Treasurys rose Thursday, pressuring their yields, as downbeat jobless data added to expectations that another U.S. interest rate might be forthcoming, and Bank of America's earnings miss fueled fears that the credit crisis is far from over. The Labor ...
    2007-10-18 12:35:00

  • UPDATE 1-Bank of Canada sees no rate change through 2009

    Reuters - OTTAWA, Oct 18 (Reuters) - The Bank of Canada on Thursday projected no interest rate changes through the end of 2009 because it sees excess demand drained by weaker U.S. growth, a strong Canadian dollar and tighter credit. The fresh outlook marked a ...
    2007-10-18 10:47:00

  • Emerging markets-Latam currencies rally, bonds firm

    Reuters - NEW YORK, Oct 18 (Reuters) - Latin America's leading currencies rallied on Thursday, strengthened by anticipation of interest-rate cuts in the United States and bolstered by rising world commodity prices. The region's bonds firmed 0.28 percent ...
    2007-10-18 03:55:00

  • FOREX-Dollar drops to new low vs euro as on US rate view

    Reuters - Last: NEW YORK, Oct 18 (Reuters) - The dollar fell to a record low against the euro and a basket of currencies on Thursday, pressured by soft U.S. economic data and sluggish corporate earnings that bolstered chances of an interest rate cut. Bank of ...
    2007-10-18 02:15:00

  • Investors bet on more Fed rate cuts

    Financial Times - Investors increased their bets on Thursday that the US Federal Reserve would cut interest rates this month to stave off an economic slowdown, sending bond yields lower and pushing the dollar to a record low. Anxiety in the markets was exacerbated by ...
    2007-10-18 01:25:00

  • Brazil Bond Yields, Real Rise as Central Bank Holds Rate Steady

    Bloomberg - Oct. 18 (Bloomberg) -- Brazilian local bond yields rose and the real strengthened after the central bank kept its benchmark interest rate unchanged yesterday, following two years of lowering borrowing costs. The yield on Brazil's benchmark zero ...
    2007-10-18 01:53:00

  • Bonds rally on interest rate speculation

    CNN Money - NEW YORK (AP) -- Treasury prices rallied for a fourth straight session Thursday as an accumulation of weak economic signs and credit market problems prompted talk of recession and an imminent rate cut. Treasurys this week are the chief beneficiary of ...
    2007-10-18 02:08:00

  • New Zealand Dollar Advances on Prospect of Second U.S. Rate Cut

    Bloomberg - Oct. 19 (Bloomberg) -- New Zealand's dollar rose on speculation the U.S. will cut its benchmark interest rate a second time this year, boosting the appeal of the South Pacific nation's higher-yielding assets. The currency has jumped 7 percent since ...
    2007-10-18 05:00:00

  • Australian Dollar Rises on Bets Rate Spread With U.S. to Widen (Bloomberg.com)

    Oct. 19 (Bloomberg) -- The Australian dollar rose for a second day after traders increased bets the country's interest- rate advantage over the U.S. will widen as the Federal Reserve reduces the cost of borrowing.
    2007-10-18 04:29:53

  • New Zealand Dollar Advances on Prospect of Second U.S. Rate Cut (Bloomberg.com)

    Oct. 19 (Bloomberg) -- New Zealand's dollar rose on speculation the U.S. will cut its benchmark interest rate a second time this year, boosting the appeal of the South Pacific nation's higher-yielding assets.
    2007-10-18 05:14:55

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