JERUSALEM- Bank of Israel announces interest rate decision- 1400 GMT. PRAGUE- Czech National Bank to release the minutes of December policy meeting- 0800 GMT. PUNE, India- Indian Prime Minister Narendra Modi and Finance Minister Arun Jaitley will meet chiefs of the nation's banks.» Read More
When central bankers speak, markets listen. That's why we're all waiting for Fed Chairman Ben Bernanke's comments on the economy at 1 p.m. today. But it looks like European Central Bank President Jean-Claude Trichet beat him to the punch.
European shares lost ground on Thursday, hitting their lowest point so far this year after the European Central Bank reinforced its willingness to raise rates to counter inflation.
U.S. mortgage applications sank last week to the lowest level since the end of last year despite falling borrowing costs, an industry trade group said Thursday.
I'm reporting from "Real Estate Connect NYC" a conference of real estate agents, online real estate services and some finance-type folks thrown in for good measure. So you've got Zillow, RealtyTrac, Bankrate, Coldwell Banker, Century 21, and it's all about data.
The European Central Bank left interest rates unchanged on Thursday amid continuing uncertainty regarding the outlook for the economy.
Inventories at U.S. wholesalers rose 0.6 percent in November, but they did not keep pace with sales, which saw the biggest monthly increase in more than two years on rising petroleum prices, the government reported Thursday.
The Bank of England left interest rates on hold at 5.5 percent Thursday, despite clear signs of weakness in the retail and housing sectors.
The Bank of England is likely to hold interest rates steady at 5.5 percent when it meets Thursday, analysts told CNBC.com, but it looks set to resume its monetary-easing strategy in February.
The European Central Bank seems to have little choice but to keep rates on hold this time as well, despite rising inflation. Money markets are still not back to normal and there are signs of a weakening economy.
South Korea's central bank held its main interest rate steady at 5.00 percent on Thursday, as widely expected, deciding not to tighten to tackle rising inflation as it remains cautious over the risk of a global economic slowdown.
After putting the kibosh on rumors yesterday that the company was going under, Countrywide Financial today put out its December operational results, a few days early I might add. The release begins, “Our fourth quarter ended with a number of positive operational trends,” says President and COO David Sambol. He’s talking about loan fundings, up a bit from November and ahead of forecasts. .
The stock market may be the deciding factor in whether the U.S. economy tips into a consumer-driven recession this year.
The Federal Reserve will cut lending rates aggressively in the first half of 2008 as the United States faces a possible recession, PIMCO fund manager Bill Gross said in an investment outlook posted on Tuesday.
European markets ended mostly higher Tuesday as weak U.S. home-sales data raised expectations of an interest rate cut in America later in the month. The major indexes were already higher as investors bought up defensive stocks such as pharmaceuticals and telecoms in the face of a potential recession in the U.S.
A year ago we didn’t even report the “Pending Home Sales Index” from the National Association of Realtors. The index, which is based on contracts signed, not closings (closings are used for the monthly “Existing Home Sales” number), was always just kind of a barometer of the future, a guess at what the real sales number would be.
Treasury Secretary Henry Paulson discusses the dollar, the housing market, China and fly-fishing with the Squawk Box news team.
January seems to be that time when we spend half our time looking at where we’re going and the other half looking at where we’ve been. When it comes to mortgage-related losses, a fascinating study by Paul Miller of FBR really puts it all in perspective.
Treasury Secretary Paulson said the Bush administration is trying to minimize the impact of a housing downturn rather than rush new stimulus measures.
Major central banks are satisfied with joint efforts to tame money market tensions around the turn of the year but will remain in close contact, policymakers said on Monday.