Tue, Sep 2 2008, 7:00 AM
Shares of Lehman Brothers are up 2.8% on Monday after
the state-owned Korean Development Bank (KDB) affirmed
interest in the embattled Wall Stre...
Tue, Sep 2 2008, 7:00 AM
According to a report from the U.S. Department of Commerce,
construction spending in the United States declined 0.6%
month-over-month in July.
...
Tue, Sep 2 2008, 7:00 AM
Kansas Fed President Thomas Hoenig said the Federal
Reserve's response to the U.S. credit crisis has threatened its ability
to keep inflation unde...
Fri, Aug 29 2008, 7:00 AM
There were few surprises in the Personal Consumption and Expenditure
(PCE) report released Friday , though economists say the
data all points to we...
Thu, Aug 28 2008, 7:00 AM
Second-quarter U.S. GDP rose above expectations in
the preliminary report, rising to 3.3% from the previously reported 1.9%,
the Bureau of Economi...
Thu, Aug 28 2008, 7:00 AM
The strong upward revision to second quarter U.S. GDP
was the result of strong exports and the fiscal stimulus package,
according to economists wh...
Thu, Aug 28 2008, 7:00 AM
In the U.S., the focus will be on preliminary Q2 GDP
data and jobless claims figures, while Canadian
markets receive second-quarter current acco...
Wed, Aug 27 2008, 7:00 AM
German inflation data and comments from ECB's Lucas Papademos will top
the macroeconomic release menu for the European session as U.S. markets
prepa...
Wed, Aug 27 2008, 7:00 AM
Weekly mortgage applications in the United States
increased in the week ending Aug. 22, according to data released from the
Mortgage Bankers Associ...
Wed, Aug 27 2008, 7:00 AM
The number of U.S. residents and businesses that filed for
bankruptcy rose 28.9% to 976,831 for the year ended June 30,
2008, according to U.S. co...
Wed, Aug 27 2008, 7:00 AM
Atlanta Fed President Dennis Lockhart welcomed the
recent rise in the U.S. dollar, but said home prices in the U.S. could
fall another 10-15%.
...
Wed, Aug 27 2008, 7:00 AM
Sheila C. Bair , chairman of the FDIC said, "By any
yardstick, it was another rough quarter for bank earnings, but the
results were not unexpected a...
Wed, Aug 27 2008, 7:00 AM
Mortgage interest rates broke through the gridlock of
the last few weeks and, with the exception of one-year adjustable rates,
moved lower.
Mort...
Tue, Aug 26 2008, 7:00 AM
Housing data will be center of attention on Tuesday
with the release of U.S. new home sales for July and the June Case-
Shiller Home Price Index.
...
Tue, Aug 26 2008, 7:00 AM
New home sales in the U.S. rebounded by 2.4% to an
annual pace of 515k in July, the Commerce Department reported Tuesday.
Despite the percentage ga...
Tue, Aug 26 2008, 7:00 AM
The S&P Case-Shiller U.S. home price index fell less
than expected in the second-quarter as the 20-city composite index posted
an annual decline o...
Tue, Aug 26 2008, 7:00 AM
The Conference Board's U.S. consumer confidence index
for August improved to 56.9 in Tuesday's report, higher than the expected
improvement to 53....
Tue, Aug 26 2008, 7:00 AM
U.S. house prices were flat in June following May's
revised 0.4% pullback, the Office of Federal Housing Enterprise Oversight
( OFHEO ) reported T...
Tue, Aug 26 2008, 7:00 AM
In spite of the beating the stock market took on Monday with the Dow
Jones down 242 points and even though financial stocks were among the
biggest l...
Tue, Aug 26 2008, 7:00 AM
The minutes of the Federal Open Market Committee's
(FOMC) Aug. 4-5 meeting show that board members "did not see the current
stance of policy as pa...
Tue, Aug 26 2008, 7:00 AM
Despite 46k of downward revisions in the previous two months, which
pushed the pace of new home sales lower than expected
even with a 2.4% monthly...
Tue, Aug 26 2008, 7:00 AM
Speaking in an interview with Dow Jones Newswires on Monday, Dallas
Fed President Richard Fisher (voter) said growth in the
U.S. could slow to zer...
Tue, Aug 26 2008, 7:00 AM
Consumer confidence continued to rise in August, which economists
largely attribute to a drop in gas prices over the past
several months. However,...
Mon, Aug 25 2008, 7:00 AM
U.S. existing home sales rose more than expected to
5.00 million units in July, a 3.1% gain in the month, following June's
revised sales figure of...
Mon, Aug 25 2008, 7:00 AM
In an interview with the New York Times, Philadelphia Fed
President Charles Plosser said he might consider dissenting in
favour of raising interes...
Mon, Aug 25 2008, 7:00 AM
Economists, strategists and traders do not expect next week's releases
to shed any new light on the current economic environment. Markets will
recei...
Mon, Aug 25 2008, 7:00 AM
U.S. Federal Reserve Chairman Ben Bernanke , European
Central Bank President Jean-Claude Trichet , and former
central bank officials and head econ...
Mon, Aug 25 2008, 7:00 AM
Economists say the larger-than-expected rise in July
existing home sales doesn't necessarily point towards stabilization,
since more than a third ...
Fri, Aug 22 2008, 7:00 AM
Markets will be interested to hear what Federal Reserve
Chairman Ben Bernanke has to say about the current economic
climate. Bernanke will be in J...
Fri, Aug 22 2008, 7:00 AM
The U.S. economy continues to be in recession and will continue to be
for some time, according to billionaire investor Warren
Buffet . Appearing...
Thu, Aug 21 2008, 7:00 AM
Initial claims for unemployment benefits in the
United States dropped back slightly to 432k in the week ending Aug. 16,
coming down 13k from the pr...
Thu, Aug 21 2008, 7:00 AM
Markets are currently pricing in the following probabilities for
future interest rate moves as of the close on Wednesday:
FED- OIS Implied Rates ...
Thu, Aug 21 2008, 7:00 AM
Following the early-morning release of Canadian CPI, markets will now
turn their attention to the release of U.S. initial and continuing
jobless cl...
Wed, Aug 20 2008, 7:00 AM
Commercial real estate prices continued falling in
June, according to the Moody's/REAL Commercial Property Price Indices
(CPPI), which recorded a 3...
Wed, Aug 20 2008, 7:00 AM
Mortgage interest rates for the week ended August 14
as reported from data collected by Freddie Mac from its Primary Mortgage
Market Survey drifted...
Wed, Aug 20 2008, 7:00 AM
Federal Reserve Bank of Minneapolis President Gary Stern said
Wednesday that now is not an "appropriate time" to close
government-sponsored Enterpr...
Wed, Aug 20 2008, 7:00 AM
While the U.S is currently in the midst of the largest bout of home
foreclosures in at least 30 years, at least one economist says
two more 'waves'...
Wed, Aug 20 2008, 7:00 AM
Canadian retail sales followed by the U.S. Department of Energy's
weekly oil inventories will hold the focus of Wednesday's news releases
on what is...
Wed, Aug 20 2008, 7:00 AM
A leading indicator for the U.S. commercial real estate
market continued decelerating for the fourth consecutive quarter
on Wednesday, according t...
Tue, Aug 19 2008, 7:00 AM
U.S. housing starts fell in July, but came in above
expectations at 965k, representing a month-over-month decrease of 11.0%,
according to data rel...
Tue, Aug 19 2008, 7:00 AM
Last week former Federal Reserve Chairman Alan
Greenspan
strongl
y criticize...
Tue, Aug 19 2008, 7:00 AM
The Federal Reserve must be prepared to take action
and curb inflation if slowing growth doesn't moderate prices as expected,
said the most hawkis...
Tue, Aug 19 2008, 7:00 AM
The release of U.S. producer price index along with
housing starts and building permits for July tops news
today. Markets will also be paying at...
Tue, Aug 19 2008, 7:00 AM
Despite coming in slightly higher than was expected, housing starts
still slid 11% to 965k in July, though economists say the drop is
misleading g...
Tue, Aug 19 2008, 7:00 AM
U.S. government-backed mortgage finance company Freddie Mac
caused ripples through the debt market on Tuesday after weak
results in a $3 billion, ...
Tue, Aug 19 2008, 7:00 AM
The weakening economy is a major negative factor for the Republicans
and presents candidate John McCain with an uphill battle
for the Oval Office,...
Tue, Aug 19 2008, 7:00 AM
Speaking in an interview with Bloomberg TV, Richmond Federal Reserve
President Jeffrey Lacker (non-voter) said the Fed should
not wait too long fo...
Tue, Aug 19 2008, 7:00 AM
The U.S. Department of Labor's seasonally adjusted core measure of
producer price inflation grew well beyond expectations
with a 0.7% month-over-m...
Mon, Aug 18 2008, 7:00 AM
It seems hard to believe, but there appears to be yet one more thing
for which we can blame the mortgage crisis . And this is
not a financial probl...
Mon, Aug 18 2008, 7:00 AM
U.S. house prices still have room to fall, according
to a report on real estate trends issued by Scotiabank economists.
The report notes that wh...
