ANALYST VIEWS: HOW SIGNIFICANT ARE THE CML LENDING FIGURES ? September 20, 2010 ALAN CLARKE | UK ECONOMIST, BNP PARIBAS I think the housing market is going from bad to worse. We are seeing confirmation that we are already in a double dip recession for housing, and are going to see falling property prices over the next six months. GEORGE BUCKLEY| UK ECONOMIST, DEUTSCHE BANK We are seeing [...]
Car sales fall for third time October 6, 2010 CAR SALES in the UK were down for a third month, after September registrations dropped by 8.9 per cent compared to the previous year. According to monthly data from the Society of Motor Manufacturers and Traders (SMMT) the fall in sales meant that 335,246 cars were bought last month versus the 367,929 which were sold [...]
US: Shares spike as consumer confidence hits 18-month high January 26, 2010 AMERICAN equities made solid gains yesterday, before ending the day slightly lower, after US consumer confidence data painted a picture of a strong recovery in the world’s largest economy. Fresh data from the Conference Board revealed a third consecutive month of gains in its consumer confidence data in January. The index rose to 55.9 in [...]
US homebuilder confidence remains stuck at rock bottom September 20, 2010 AMERICAN homebuilder confidence remained unchanged in September, having fallen to its lowest level for 18 months in August, as concern about the rate of foreclosures and poor job prospects continued to dampened demand, a report said yesterday. The National Association of Home Builders (NAHB) report showed homebuilders felt there was little reason for optimism with [...]
Countries could intervene again to help the yen March 20, 2011 FOREIGN exchange traders will be closely watching the yen’s movement today following the G7’s dramatic intervention to stem the currency’s gains late last week. Traders are on alert for further central bank moves to ease any runaway increases in the yen, which if left unchecked would make Japan’s exports more expensive and put further pressure [...]
PROPERTY NEWS March 3, 2011 HOUSE PRICE OPTIMISM RISES Nearly 50 per cent of people are “certain” house prices will rise over the next ten years and 26 per cent are “certain” they will go up in the next five years, according to a survey by LSE and estate agents John D. Wood. Home occupiers were more confident than renters, [...]
THE TIPSTER November 8, 2010 The Bank of England’s quarterly Inflation Report should provide some excitement for the currency markets this week. All market participants will be eagerly awaiting what the report has to say about growth prospects in the UK and whether further quantitative easing remains a real possibility. Capital CFDs quotes a price of €1.1590-€1.1594 for sterling-euro. Walt [...]
FTSE opens slightly up September 20, 2010 The FTSE 100 opened up 7-13 points, according to financial bookmakers, rallying modestly after falls on Friday in tandem with slight gains on Wall Street and in Asia, with all eyes on Tuesday’s Federal Reserve meeting. The UK blue chip index closed 31.69 points, or 0.6 per cent lower on Friday at 5,508.45 as weak [...]
FTSE opens slightly up September 20, 2010 The FTSE 100 opened up 7-13 points, according to financial bookmakers, rallying modestly after falls on Friday in tandem with slight gains on Wall Street and in Asia, with all eyes on Tuesday’s Federal Reserve meeting. The UK blue chip index closed 31.69 points, or 0.6 per cent lower on Friday at 5,508.45 as weak [...]
Germany’s consumers optimistic September 28, 2010 GERMAN consumers are at their most confident in three years with further optimism expected next month thanks to the continued economic recovery, falling unemployment figures and only moderate inflationary pressures, market research firm GfK said yesterday. This month, the consumer confidence indicator jumped 6.9 points to 53.5, the highest level for around three years. Expectations [...]