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LiveWire Economics Blog - November 5, 2007 9:52
Has the Housing Market Hit Bottom?
The epicenter of current market tremors is the depressed housing sector. As contrarians we need to consider whether the psychology is sufficiently pessimistic so as to create a bottom and thus offer a huge buying opportunity. Are we there yet? Has the housing market hit bottom or is there still more pain to come?
Hong Kong leads Asian stock fall
Hong Kong leads Asian stock fallHong Kong shares fell 3 per cent after Chinese premier Wen Jiabao’s intervention to freeze a proposed plan letting mainland citizens buy shares in the city’s stock marketSource: www.ft.com
Oil falls over $1 on credit worries
SYDNEY (Reuters) – Oil prices fell over a dollar on Monday, dragged down by fears of an escalating fallout in top energy consumer the United States from the subprime crisis and by easing tensions in the Middle East. Read More… SHANGHAI (Reuters) – Shares in PetroChina more than doubled in their market debut on Monday […]
Credit worries weigh on Asian stocks (Reuters)
Reuters – Asian stocks fell to one-week lows on Monday, dragged down by financial shares as persistent credit worries offset an influential U.S. report that suggested the world’s biggest economy was coping with a housing slump. Read More…
Qatar buys into Mauritanian iron ore project
Industries Qatar said on Sunday it had bought a minority stake in a Mauritanian iron ore project for $375 million. The state-controlled company said its unit, Qatar Steel, would own 49.9% of the Al-Qalb Al-Og project in northern Mauritania. Industries Read More… Extract not available. Read More…
Oil rises, shrugging off Dow fall
Oil rises, shrugging off Dow fall Oil prices rose by $1, shrugging off a sharp fall in US equity markets on Thursday, and regaining the upward momentum which has driven crude to within touching distance of the key $100 level this weekSource: www.ft.com
Weak dollar helps BA cut costs, but hits revenues
Weak dollar helps BA cut costs, but hits revenues LONDON (Reuters) – British Airways reported record first-half profit on Friday, up 26 percent due to cost cutting, but its shares fell by as much as 5 percent after it cut its full-year revenue guidance due to the weak U.S. dollar. Source: feeds.reuters.com NYSE Euronext profits […]
Futures slightly lower as jobs report looms (Reuters)
Reuters – Stock index futures were slightly lower on Friday as investors turned cautious following Thursday’s market tumble and ahead of the widely watched monthly employment report. Read More…
New procuction hopes for last working tin mine
New procuction hopes for last working tin mine Europe’s last working tin mine, South Crofty in Cornwall, could start production again in two years time, the mine’s bosses said today. When it closed in 1998, the 3,000 foot deep complex near Pool was the last tin mine to be commercially worked in Source: c.moreover.com Stock […]
Bank shares lead Asia lower
Bank shares lead Asia lowerAsian stocks fell across the board, led by banking shares after drops in Wall Street on Thursday on renewed concerns about subprime lossesSource: www.ft.com
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