SASKATOON, Saskatchewan, April 24- Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain.» Read More
Mortgage buyer Freddie Mac said Thursday that the average rate for the 30- year loan rose to 4.33 percent from 4.27 percent last week. Sales of new homes fell 14.5 percent in March to a seasonally adjusted annual rate of 384,000, the Commerce Department said Wednesday.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
April 24- D.R. Horton Inc, the top U.S. homebuilder, reported an 18 percent rise in quarterly profit as a short supply of houses on the market allowed it to raise prices. The housing market had been under strain for the past few months from higher mortgage rates that sidelined potential buyers, but D.R. Horton said in January it expected a strong spring selling season.
LONDON, April 24- The euro struggled to make headway on Thursday amid caution before a speech by ECB President Mario Draghi, while the New Zealand dollar rose after the central bank raised interest rates and signalled more tightening.
WELLINGTON, April 24- New Zealand's central bank raised interest rates for the second straight month on Thursday, and signaled it intends to keep tightening policy in the coming months to stay on top of inflation pressures in a booming economy.
Klaus Baader, Chief Economist, Asia Pacific at Societe Generale, says New Zealand's use of interest rate hikes to curb its property sector has resulted in an "uncomfortably strong" currency.
SEOUL, April 24- South Korea's economy grew at a steady pace in the first quarter, data showed on Thursday, a sign that a recovery is gaining momentum and reinforcing expectations for an interest rate hike later this year.
SYDNEY, April 24- The New Zealand dollar rallied on Thursday after the country's central bank lifted interest rates and signalled more hikes ahead, while caution ahead of a speech by the European Central Bank kept the euro subdued.
New Zealand's central bank raised interest rates on Thursday and signaled that it would keep tightening monetary policy in the coming months.
WELLINGTON, April 24- New Zealand's central bank raised interest rates on Thursday and signalled that it would keep tightening monetary policy in the coming months as the central bank tames inflation pressures which have been brewing as the country's economy strengthens.
WELLINGTON, New Zealand— With its economy continuing to improve, New Zealand on Thursday raised its benchmark interest rate for the second time in six weeks, to 3 percent.
WELLINGTON, April 24- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 3.00 percent on Thursday, as expected, and said there would be further increases to keep on top of inflation pressures in the strongly-growing economy. New Zealand's 3.0 percent official cash rate compares with Australia's 2.50 percent, the U.S.
WASHINGTON— Commerce Department releases durable goods for March, 8:30 a.m. Eastern time. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m..
CNBC's Rick Santelli discusses the latest action in the bond market, as short-term yields remain stubbornly higher than long-term yields. Also a look at the winning play between the U.K pound versus the U.S. dollar.
LISBON, Portugal— Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10- year bond auction Wednesday.
BANGKOK, April 23- Thailand's central bank left its benchmark interest rate unchanged on Wednesday, as expected, but said full-year growth may come in weaker than forecast due to the toll from prolonged political unrest.
LONDON, April 23- The Australian dollar sank almost one percent in value on Wednesday after a lower than expected rise in consumer prices appeared to reduce the chances of higher official interest rates this year.
SINGAPORE, April 23- The Australian dollar slid on Wednesday after data showed that Australian consumer prices rose less than expected in the first quarter, lessening the risk of a rise in domestic interest rates this year. Other major currencies were subdued, with the euro edging up 0.1 percent to around $1.3817, while the dollar eased 0.1 percent to 102.55 yen.
Santitarn Sathirathai, Head of Southeast Asia & India Economics Research at Credit Suisse, explains why it is important for the Bank of Thailand to leave interest rates on hold at 2 percent.
April 21- An army of U.S. labor force dropouts stands ready to get back in the game when conditions improve, implying wages, prices and interest rates will stay lower for longer.