Ransquawk Overnight UK News 16/11/07

Discussion in 'Trading' started by Ransquawk, Nov 16, 2007.

  1. Ransquawk

    Ransquawk ET Sponsor

    Fresh turmoil on fear of new bank seeking emergency aid after the BoE reported that they have provided GBP 23bln in emergency aid but Northern Rock is said to have used just GBP 20bln, with its own bankers saying they have used even less (Times)**

    Annual house price inflation in Britain will fall to zero next year as affordability constraints are compounded by tighter lending conditions, according to Nationwide building society (RTRS) If realised, this would be the weakest year for the property market in more than a decade.

    Market freeze to sour festivities (Telegraph) Households have been told to prepare themselves for a major "Christmas crunch" after London's money markets suffered the biggest freeze since Augusts' credit crisis. Economists warned the higher borrowing costs now seemed to be contributing to a consumer slowdown.

    Rises in commercial property rents look set to ease off in the coming months as a result of increasing economic uncertainty, according to RICS (FT)



    The above commentary was provided by Real-time Analysis & News (R.A.N) Ltd (known to traders as “Ransquawk”) operates from 0630GMT until 2200GMT to incorporate full coverage of the US bond and equity futures markets. Currently R.A.N covers Bond, STIR and Index futures in the US, UK and Eurozone as well as NYMEX crude and Gold. Furthermore, R.A.N has a stand alone Forex service (Ransquawk FX) which covers all the major currency pairs. Coverage is based around the economic calendar for that day but the product finds its value looking at flows, rumours and breaking news and then deliver that information to the customer via an internet ‘squawk-box’.

    For more information and a 1-week free trial please email us at info@ransquawk.com