RECOVERY AT RISK
Housing prices: No rebound in sight
By Chris Isidore @CNNMoney July 7, 2011: 8:33 AM ET
NEW YORK (CNNMoney) -- Housing prices are likely to keep falling the rest of this year, and probably won't show much improvement next year either, according to a survey of economists.
A CNNMoney exclusive survey of 27 economists showed the battered housing market is facing myriad problems and won't turn around anytime soon.
Thursday, July 7, 2011
WSJ: Rents Rise, Vacancies Go Down
REAL ESTATE JULY 7, 2011
Rents Rise, Vacancies Go Down
By WESLEY LOWERY
Apartment landlords are enjoying rising rents and falling vacancies.
The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier, according to a report scheduled for release Thursday by Reis Inc., which tracks leasing data for 82 markets. Second-quarter rents rose in all but two markets.
Rents Rise, Vacancies Go Down
By WESLEY LOWERY
Apartment landlords are enjoying rising rents and falling vacancies.
The average effective rent, the amount paid after discounting, was $997 in the second quarter of the year, up from $974 a year earlier, according to a report scheduled for release Thursday by Reis Inc., which tracks leasing data for 82 markets. Second-quarter rents rose in all but two markets.
BNP: GLOBAL DAILY SPOTLIGHT
ECB: Bias to Tighten
Ken Wattret
The ECB delivered the expected rate hike and left the door wide open for more of the same. The ECB played down the slowdown in growth and reiterated the upside risks to price stability, signalling a bias to tighten. We continue to expect a rate hike in October, teed up in September in tandem with higher inflation projections though this could be blown off course by market turmoil. The Q & A was dominated by issues related to the debt crisis with the ECB and some governments still at loggerheads over private sector involvement in the programme for Greece.
Ken Wattret
The ECB delivered the expected rate hike and left the door wide open for more of the same. The ECB played down the slowdown in growth and reiterated the upside risks to price stability, signalling a bias to tighten. We continue to expect a rate hike in October, teed up in September in tandem with higher inflation projections though this could be blown off course by market turmoil. The Q & A was dominated by issues related to the debt crisis with the ECB and some governments still at loggerheads over private sector involvement in the programme for Greece.
SG: FI Weekly: EU stress and US redress
We see US data turning up in the coming weeks and hope the holiday period will lead to an easing in EU sovereign tensions. That will support our tactical defensive views. In Europe, however, cash flow is positive and the uncertainties around the Eurogroup meeting and the EBA stress tests suggest prudence on sovereign risk.
Wednesday, July 6, 2011
SG: A new world order - When demand overtakes supply
The last long cycle (from 1980 to 2000-05) was shaped by exceptional growth in supply on a global level. The next will be dominated by demand dynamics.
China hikes the interest rates
China hikes the interest rates
China raises benchmark deposit and lending interest rates of all duration by 25bp. We have long anticipated this badly- needed rate hike. Although it is far from enough given China's inflation level, Chinese policymakers are probably going to pay more attention to structural issues for some time.
China raises benchmark deposit and lending interest rates of all duration by 25bp. We have long anticipated this badly- needed rate hike. Although it is far from enough given China's inflation level, Chinese policymakers are probably going to pay more attention to structural issues for some time.
BRAZIL
BRAZIL
The manufacturing PMI survey continued to decline, sliding to 49.0 in June from 50.8 in May, after a recent peak of 54.6 in February, and falling below the 50.0 mark for the first time since late last year.
The manufacturing PMI survey continued to decline, sliding to 49.0 in June from 50.8 in May, after a recent peak of 54.6 in February, and falling below the 50.0 mark for the first time since late last year.
CNNMoney: Lagarde: IMF should focus on employment
Lagarde: IMF should focus on employment
By Aaron Smith @CNNMoney July 6, 2011: 11:34 AM ET
NEW YORK (CNNMoney) -- Christine Lagarde, recently chosen as the new managing director of the International Monetary Fund, said that employment will be her key focus, even more than the fiscal deficits that have swamped the world economy.
By Aaron Smith @CNNMoney July 6, 2011: 11:34 AM ET
NEW YORK (CNNMoney) -- Christine Lagarde, recently chosen as the new managing director of the International Monetary Fund, said that employment will be her key focus, even more than the fiscal deficits that have swamped the world economy.
Bloomberg: Service Industries in U.S. Expand at Slower Pace in Sign Economy Cooling
Related News: US, Currencies, Municipal Bonds, Economy
Service Industries in U.S. Expand at Slower Pace in Sign Economy Cooling
By Alex Kowalski - Jul 7, 2011 5:40 AM GMT+0900
Service industries in the U.S. expanded at a slower pace in June, a sign the economy cooled at the end of the first half of 2011.
Service Industries in U.S. Expand at Slower Pace in Sign Economy Cooling
By Alex Kowalski - Jul 7, 2011 5:40 AM GMT+0900
Service industries in the U.S. expanded at a slower pace in June, a sign the economy cooled at the end of the first half of 2011.
CNBC: 'Perfect Storm' Coming for Global Economy in 2013: Roubini
'Perfect Storm' Coming for Global Economy in 2013: Roubini
Published: Wednesday, 6 Jul 2011 | 4:07 PM ET
By: Jeff Cox
CNBC.com Staff Writer
Weakening economic conditions will come together in 2013 and create a "perfect storm" of global weakness, economist Nouriel Roubini told CNBC.
Published: Wednesday, 6 Jul 2011 | 4:07 PM ET
By: Jeff Cox
CNBC.com Staff Writer
Weakening economic conditions will come together in 2013 and create a "perfect storm" of global weakness, economist Nouriel Roubini told CNBC.
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