world interest rates

SYDNEY (Thomson Financial) - Australian shares closed sharply lower Wednesday tracing losses on Wall Street overnight after the Federal Reserve announced a 25-basis-point cut in interest rates when investors had been looking for a more aggressive move. While investors had been expecting a accommodate of a percent cut in the federal funds rate they had been hoping for a 50 basis point cut in the discount rate -- the charged to commercial banks on loans from the central bank -- to ameliorate liquidity pressures in the troubled financial sector.''They expected a 50-basis-point cut in the reject rate and they didn't get it. On top of that the Federal Reserve was a little bit subdued in their statement. As far as the market is concerned they should be a little more aggressive,'' said Lucinda Chan division director at Macquarie Equities. After falling nearly 75 points at the open the S&P/ASX 200 recovered some ground in the afternoon session to close down 65.2 points or 1 percent at 6,615.2. The benchmark index traded between 6,579.9 and 6,654.3. The All Ordinaries closed 62.7 points or 0.9 percent displace at 6,675.4. Volume traded was 1.53 billion shares worth 5.92 billion Australian dollars. Decliners outnumbered gainers 754 to 478 with 369 stocks unchanged. The S&P/ASX 200 December contract was down 72 points at 6,628. The furnish on the 10-year bond cut 0.1005 percentage point to 6.177 percent while the furnish on 90-day bills rose 0.067 percentage point to 7.337 percent. CommSec chief equities economist Craig James said the domestic merchandise ordain acquire from the shock of the Fed's interest rate decision.''Australian shares cannot stand immune if US overlap markets are plummeting. But the fundamentals in our merchandise be move back and forth solid presenting longer-term investors with buying opportunities,'' James said. The major banks were mixed with National Australia Bank up 25 cents or 0.6 percent at 39.16 dollars and Westpac 1 cent higher at 29.61 dollars while Commonwealth Bank dropped 24 cents or 0.4 percent to 60.54 dollars and Australia & New Zealand Banking Group shed 33 cents or 1.2 percent to 28.10 dollars. Newly-listed and stockbroking firms Austock assort and Bell Financial Group finished higher. Austock which listed yesterday at 1.80 dollars closed 10 cents or 4.8 percent higher at 2.20 dollars. attach Financial which made its debut today surged 36 cents or 18 percent to 2.36 dollars. In the resources sector. Herald Resources jumped 43 cents or 23.5 percent to 2.26 dollars after receiving an all-cash furnish of 2.25 dollars from Indonesia's coal giant PT Bumi Resources. At the bigger end of the sector. Rio Tinto shed 4.50 dollars or 3.1 percent to 142.00 dollars and BHP Billiton was drink 1.00 dollar or 2.3 percent at 43.20 dollars.(1 US dollars = 1.14 Australian dollars)allison jackson@thomson comaj/zrbhx/zrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181306.htm

comments | Add comment | Report as Spam

SYDNEY (Thomson Financial) - Australian shares closed sharply displace Wednesday tracing losses on Wall Street overnight after the Federal Reserve announced a 25-basis-point cut in interest rates when investors had been looking for a more aggressive move. While investors had been expecting a accommodate of a percent cut in the federal funds rate they had been hoping for a 50 basis point cut in the discount rate -- the charged to commercial banks on loans from the central bank -- to ameliorate liquidity pressures in the troubled financial sector.''They expected a 50-basis-point cut in the discount rate and they didn't get it. On top of that the Federal Reserve was a little bit subdued in their statement. As far as the market is concerned they should be a little more aggressive,'' said Lucinda Chan division director at Macquarie Equities. After falling nearly 75 points at the open the S&P/ASX 200 recovered some ground in the afternoon session to close down 65.2 points or 1 percent at 6,615.2. The benchmark list traded between 6,579.9 and 6,654.3. The All Ordinaries closed 62.7 points or 0.9 percent lower at 6,675.4. Volume traded was 1.53 billion shares worth 5.92 billion Australian dollars. Decliners outnumbered gainers 754 to 478 with 369 stocks unchanged. The S&P/ASX 200 December contract was down 72 points at 6,628. The yield on the 10-year attach cut 0.1005 percentage point to 6.177 percent while the furnish on 90-day bills rose 0.067 percentage inform to 7.337 percent. CommSec chief equities economist Craig James said the domestic market will recover from the shock of the Fed's interest rate decision.''Australian shares cannot stand immune if US share markets are plummeting. But the fundamentals in our merchandise remain move back and forth solid presenting longer-term investors with buying opportunities,'' James said. The major banks were mixed with National Australia Bank up 25 cents or 0.6 percent at 39.16 dollars and Westpac 1 cent higher at 29.61 dollars while Commonwealth Bank dropped 24 cents or 0.4 percent to 60.54 dollars and Australia & New Zealand Banking Group shed 33 cents or 1.2 percent to 28.10 dollars. Newly-listed and stockbroking firms Austock Group and Bell Financial Group finished higher. Austock which listed yesterday at 1.80 dollars closed 10 cents or 4.8 percent higher at 2.20 dollars. Bell Financial which made its debut today surged 36 cents or 18 percent to 2.36 dollars. In the resources sector. Herald Resources jumped 43 cents or 23.5 percent to 2.26 dollars after receiving an all-cash offer of 2.25 dollars from Indonesia's coal giant PT Bumi Resources. At the bigger end of the sector. Rio Tinto shed 4.50 dollars or 3.1 percent to 142.00 dollars and BHP Billiton was drink 1.00 dollar or 2.3 percent at 43.20 dollars.(1 US dollars = 1.14 Australian dollars)allison jackson@thomson comaj/zrbhx/zrCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News circumscribe including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. *ABCMoney co uk does not guarantee the accuracy of any share prices or have quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181306.htm

comments | Add comment | Report as Spam

FRANKFURT (Thomson Financial) - Shares were lower in midday trade as the US Federal Reserve quarter-point interest rate cut continued to disappoint investors while minimal newsflow did little to bolster their sentiment. Traders said the local market however was slowly warming to an anticipated higher opening on Wall Street this afternoon. At 12.46 pm the DAX was down 30.77 points or 0.38 pct to 7,978.65 after trading between 7,928.12 and 7.983.83 so far today. The MDAX eased 68.95 points or 0.69 pct to 9,969.59 while the TecDAX was 8.53 points or 0.86 pct lower at 987.33. DAX futures added 88.50 points or 1.12 pct at 7,993.50. The euro was trading at 1.4684 usd against 1.4682 usd in London morning trade. Market analyst Robert Halver at Vontobel pointed to moderate disappointment among with the US Fed's decision yesterday to drop interests rates by 25 basis points as the major factor pressuring the market. Some market watchers had speculated about whether the Fed would cut the benchmark rate by 50 basis points to 4.00 pct. Halver said.'When this drop didn't materialize investors turned to consolidating profits,' Halver said. Other traders said some investors interpreted comments by the Fed as signalling its third base rate cut since August might be enough to cope with the current credit and economic crisis. Leading blue chips lower. Fresenius Medical Care dropped 0.95 eur or 2.51 pct at 36.86 as the worst performer. Shares in Daimler were down 0.75 eur or 2.50 pct at 68.13 as traders pointed to technical trading weaknesses after the stock was unable to push past the 70 eur mark recently. BMW eased 0.94 eur or 2.24 pct at 41.10 as traders said the recent weakness in the US dollar could signal a weak 2008 outlook for the automaker. Infineon dipped 0.17 eur or 1.92 pct at 8.70 traders pointing to investors shifting their portfolios and the stock's general sensitivity to market weaknesses rather than sales numbers released by the chipmaker. Commerzbank retreated 0.39 eur or 1.41 pct to 27.28 as the worst performer among banking stocks after the sector came under pressure following the Fed's rate decision and as media reports said German institutions might face additional write-offs due to the fallout from the sub-prime crisis. Handelsblatt newspaper said German banks might face further write-offs valued at billions of euro from sub-prime-related assets. Peer Deutsche Bank was 1.23 eur or 1.36 pct lower at 89.44 and Deutsche Postbank was down 0.29 eur or 0.49 pct at 58.65. Hypo Real Estate shares bucked the sector trend gaining 0.12 eur or 0.32 pct at 38.12. SAP eased 0.42 eur or 1.18 pct to 36.03 after Credit Suisse cut its rating to 'underperform' from 'outperform' and took the German business maker off its Focus List predicting margin pressure and a low likelihood of consensus-beating future earnings. At the other end of the DAX. Bayer added 0.98 eur or 1.67 pct at 59.83 after JP Morgan raised its target price on the pharma giant to 75 eur from 74 while maintaining its 'overweight' rating. Traders also pointed to renewed rumours that Swiss-based Novartis might be mulling over a bid for Bayer. TUI shares gained 0.20 eur or 1.02 pct at 19.85. Utilities were in demand as RWE added 0.42 eur or 0.44 pct at 94.94 and E. ON gained 0.87 eur or 0.61 pct at 143.00. ProSieben lost 0.55 eur or 3.07 pct at 17.37 as the worst performer on the MDAX. Bucking the negative trend. Norddeutsche Affinerie added 0.99 eur or 3.81 pct at 26.99 after a media report said A-Tec Industries chief executive Officer Mirko Kovats is seeking to increase his company's stake in the German copper specialist to about 20 pct from 14 pct. TecDAX-listed Conergy dropped 2.38 eur or 9.17 pct to 23.57 after the alternative power specialist said it expects to make a full-year EBIT loss of 150-200 mln eur compared with a previous forecast of a 40 mln eur profit and that it does not expect to achieve its 1 bln eur sales target. Versatel added 0.57 eur or 2.63 pct at 22.22 as the top performer on the index. Tyler. Sitte@thomson comts/amCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181594.htm

comments | Add comment | Report as Spam

TOKYO (Thomson Financial) - Japanese shares opened sharply lower Wednesday following a tumble on Wall Street overnight after the Federal Reserve lowered its by 0.25 percentage points disappointing some who had expected a bolder move. Most economists had been expecting a quarter-point cut in the benchmark federal funds rate to 4.25 percent but some investors were hoping for a half-point cut at the Fed's final meeting for the year. The Fed also cut the discount evaluate or the rate it charges to lend directly to banks by a quarter-point to 4.75 percent. In New York the Dow Jones Industrial Average lost 294.26 points or 2.1 percent to 13,432.77. Japanese were lower across the board with banks and exporters the most notable losers. The dollar was measure trading at 110.84 yen more than 1 yen lower from the upper 111 yen levels seen late Tuesday. A stronger yen is expected to dampen sentiment for exporters. At 9.14 am (0014 GMT) the blue chip Nikkei 225 have add up was down 311.87 points or 1.9 percent at 15,732.85. The broader Topix index was down 30.30 points or 1.9 percent at 1,536.72.(1 US dollar = 110.84 yen)masami hachisu@thomson com-hm/ng/hm/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to sign up for instant access!

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181183.htm

comments | Add comment | Report as Spam

TOKYO (Thomson Financial) - Japanese shares opened sharply lower Wednesday following a come down on protect Street overnight after the Federal Reserve lowered its by 0.25 percentage points disappointing some who had expected a bolder move. Most economists had been expecting a quarter-point cut in the benchmark federal funds rate to 4.25 percent but some investors were hoping for a half-point cut at the Fed's final meeting for the year. The Fed also cut the discount evaluate or the rate it charges to lend directly to banks by a quarter-point to 4.75 percent. In New York the Dow Jones Industrial add up lost 294.26 points or 2.1 percent to 13,432.77. Japanese were lower across the board with banks and exporters the most notable losers. The dollar was last trading at 110.84 yen more than 1 yen lower from the upper 111 yen levels seen late Tuesday. A stronger yen is expected to dampen sentiment for exporters. At 9.14 am (0014 GMT) the blue divide Nikkei 225 Stock Average was down 311.87 points or 1.9 percent at 15,732.85. The broader Topix list was down 30.30 points or 1.9 percent at 1,536.72.(1 US dollar = 110.84 yen)masami hachisu@thomson com-hm/ng/hm/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to write up for instant find!

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181183.htm

comments | Add comment | Report as Spam

TOKYO (Thomson Financial) - Japanese shares opened sharply lower Wednesday following a come down on Wall Street overnight after the Federal Reserve lowered its by 0.25 percentage points disappointing some who had expected a bolder move. Most economists had been expecting a quarter-point cut in the benchmark federal funds evaluate to 4.25 percent but some investors were hoping for a half-point cut at the Fed's final meeting for the year. The Fed also cut the discount rate or the rate it charges to alter directly to banks by a quarter-point to 4.75 percent. In New York the Dow Jones Industrial Average lost 294.26 points or 2.1 percent to 13,432.77. Japanese were lower across the board with banks and exporters the most notable losers. The dollar was measure trading at 110.84 yen more than 1 yen lower from the upper 111 yen levels seen late Tuesday. A stronger yen is expected to conquer sentiment for exporters. At 9.14 am (0014 GMT) the blue chip Nikkei 225 Stock add up was down 311.87 points or 1.9 percent at 15,732.85. The broader Topix index was down 30.30 points or 1.9 percent at 1,536.72.(1 US dollar = 110.84 yen)masami hachisu@thomson com-hm/ng/hm/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written react of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to sign up for instant find!

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181183.htm

comments | Add comment | Report as Spam

TOKYO (Thomson Financial) - Japanese shares opened sharply lower Wednesday following a tumble on Wall Street overnight after the Federal Reserve lowered its by 0.25 percentage points disappointing some who had expected a bolder act. Most economists had been expecting a quarter-point cut in the benchmark federal funds evaluate to 4.25 percent but some investors were hoping for a half-point cut at the Fed's final meeting for the year. The Fed also cut the discount rate or the evaluate it charges to lend directly to banks by a quarter-point to 4.75 percent. In New York the Dow Jones Industrial Average lost 294.26 points or 2.1 percent to 13,432.77. Japanese were lower across the board with banks and exporters the most notable losers. The dollar was measure trading at 110.84 yen more than 1 yen lower from the upper 111 yen levels seen late Tuesday. A stronger yen is expected to dampen sentiment for exporters. At 9.14 am (0014 GMT) the blue chip Nikkei 225 have Average was down 311.87 points or 1.9 percent at 15,732.85. The broader Topix list was drink 30.30 points or 1.9 percent at 1,536.72.(1 US dollar = 110.84 yen)masami hachisu@thomson com-hm/ng/hm/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to find this area of the place. If you are not a registered user to sign up for instant access!

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181183.htm

comments | Add comment | Report as Spam

MANILA (Thomson Financial) - Philippine shares may open lower Wednesday on Wall Street's sharp decline after the Federal Reserve cut key by an expected quarter-percentage point disappointing investors who were betting on a bigger half-point cut. The Fed also cut the reject evaluate or the evaluate it charges to alter directly to banks by a quarter-point to 4.75 percent.'Market sentiment ordain be dampened by protect Street's plunge and the statements made by the Fed are also not encouraging - it will bring around fears of an inevitable US economic recession,' said Astro del Castillo managing director of First evaluate Holdings. In the Fed's accompanying statement the bankers changed the language to suggest the economic slowdown was more pronounced than it had been at the time of the last meeting in October. It also deleted language from prior statements stating that risks to the economy are balanced.'Incoming information suggests that economic growth is slowing reflecting the intensification of the housing correction and some softening in business and consumer spending,' the Fed said in its statement.'The market has already priced in a 25-basis points cut and this could prove in some sideways trading. A 50-basis points cut could have back up move higher process the end of the year,' said AB Capital Securities. Some analysts said the smaller rate cut by the Fed will go pressure on the Bangko Sentral ng Pilipinas to alter a similar action. The central bank will hold its last meeting on interest rates on December 20. On Tuesday. Manila's composite list finished down 3.14 points or 0.1 percent at 3,672.38.(1 US = 41.40 pesos)rocel felix@thomson com-rf/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News circumscribe including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to sign up for instant find! *ABCMoney co uk does not pledge the accuracy of any overlap prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181172.htm

comments | Add comment | Report as Spam

MANILA (Thomson Financial) - Philippine shares may open lower Wednesday on Wall Street's sharp decline after the Federal keep back cut key by an expected quarter-percentage inform disappointing investors who were betting on a bigger half-point cut. The Fed also cut the discount evaluate or the rate it charges to lend directly to banks by a quarter-point to 4.75 percent.'merchandise sentiment ordain be dampened by Wall Street's penetrate and the statements made by the Fed are also not encouraging - it will revive fears of an inevitable US economic recession,' said Astro del Castillo managing director of First Grade Holdings. In the Fed's accompanying statement the bankers changed the language to suggest the economic slowdown was more pronounced than it had been at the time of the last meeting in October. It also deleted language from prior statements stating that risks to the economy are balanced.'Incoming information suggests that economic growth is slowing reflecting the intensification of the housing correction and some softening in business and consumer spending,' the Fed said in its statement.'The market has already priced in a 25-basis points cut and this could result in some sideways trading. A 50-basis points cut could undergo help move higher till the end of the year,' said AB Capital Securities. Some analysts said the smaller rate cut by the Fed will ease pressure on the Bangko Sentral ng Pilipinas to make a similar action. The central bank will hold its last meeting on interest rates on December 20. On Tuesday. Manila's composite index finished drink 3.14 points or 0.1 percent at 3,672.38.(1 US = 41.40 pesos)rocel felix@thomson com-rf/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to find this area of the site. If you are not a registered user to write up for instant access! *ABCMoney co uk does not pledge the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181172.htm

comments | Add comment | Report as Spam

MANILA (Thomson Financial) - Philippine shares may change state lower Wednesday on protect Street's sharp change state after the Federal Reserve cut key by an expected quarter-percentage inform disappointing investors who were betting on a bigger half-point cut. The Fed also cut the discount rate or the evaluate it charges to lend directly to banks by a quarter-point to 4.75 percent.'Market sentiment ordain be dampened by Wall Street's penetrate and the statements made by the Fed are also not encouraging - it ordain revive fears of an inevitable US economic recession,' said Astro del Castillo managing director of First evaluate Holdings. In the Fed's accompanying statement the bankers changed the language to declare the economic slowdown was more pronounced than it had been at the time of the measure meeting in October. It also deleted language from prior statements stating that risks to the economy are balanced.'Incoming information suggests that economic growth is slowing reflecting the intensification of the housing correction and some softening in business and consumer spending,' the Fed said in its statement.'The merchandise has already priced in a 25-basis points cut and this could prove in some sideways trading. A 50-basis points cut could undergo back up move higher till the end of the year,' said AB Capital Securities. Some analysts said the smaller rate cut by the Fed will ease pressure on the Bangko Sentral ng Pilipinas to make a similar action. The central tip ordain hold its measure meeting on interest rates on December 20. On Tuesday. Manila's composite list finished drink 3.14 points or 0.1 percent at 3,672.38.(1 US = 41.40 pesos)rocel felix@thomson com-rf/ngCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved. The copying republication or redistribution of Thomson Financial News Content including by framing or similar means is expressly prohibited without the prior written consent of Thomson Financial News. You must log in to access this area of the site. If you are not a registered user to write up for instant find! *ABCMoney co uk does not guarantee the accuracy of any share prices or have quotations displayed. These are not real measure quotes; all are delayed by at least twenty minutes and are for information purposes only.

Forex Groups - Tips on Trading

Related article:
http://www.abcmoney.co.uk/news/122007181172.htm

comments | Add comment | Report as Spam