Related News: Bloomberg, Real Estate, US, Economy
Existing Home Sales in U.S. Rose 2.4% in June
By Bob Willis - Jul 28, 2011 11:28 PM GMT+0900
The number of contracts to purchase previously owned U.S. homes unexpectedly rose in June as buyers tried to take advantage of lower prices and borrowing costs.
Thursday, July 28, 2011
CNNMoney: This isn't 2008 again. Or is it?
This isn't 2008 again. Or is it?
By Paul R. La Monica July 28, 2011: 2:00 PM ET
NEW YORK (CNNMoney) -- Call it stubbornness, willful ignorance or what have you. But many market experts still don't think that the current debt ceiling crisis is anything remotely as scary as the summer and fall of 2008.
By Paul R. La Monica July 28, 2011: 2:00 PM ET
NEW YORK (CNNMoney) -- Call it stubbornness, willful ignorance or what have you. But many market experts still don't think that the current debt ceiling crisis is anything remotely as scary as the summer and fall of 2008.
WSJ: Warnings Feed Europe Debt Fears
MARKETS JULY 28, 2011
Warnings Feed Europe Debt Fears
Germany's Finance Minister Says Crisis Isn't Over; Credit Ratings on Cyprus and Greece Downgraded
By GEOFFREY T. SMITH And TERENCE ROTH
LONDON—Sober warnings that the European debt crisis didn't end with last week's summit of European Union leaders reignited concerns of contagion risks on Wednesday, boosting borrowing costs for high-debt governments and pressuring the euro.
Warnings Feed Europe Debt Fears
Germany's Finance Minister Says Crisis Isn't Over; Credit Ratings on Cyprus and Greece Downgraded
By GEOFFREY T. SMITH And TERENCE ROTH
LONDON—Sober warnings that the European debt crisis didn't end with last week's summit of European Union leaders reignited concerns of contagion risks on Wednesday, boosting borrowing costs for high-debt governments and pressuring the euro.
CNNMoney: Economy still stuck in the mud
RECOVERY AT RISK
Economy still stuck in the mud
By Annalyn Censky @CNNMoney July 28, 2011: 5:25 AM ET
NEW YORK (CNNMoney) -- Despite a pick-up in growth at the end of last year, the economy has taken a hard turn for the worse in the last few months.
Economy still stuck in the mud
By Annalyn Censky @CNNMoney July 28, 2011: 5:25 AM ET
NEW YORK (CNNMoney) -- Despite a pick-up in growth at the end of last year, the economy has taken a hard turn for the worse in the last few months.
German Consumer Prices: Unexpectedly strong inflation pressures
German Consumer Prices: Unexpectedly strong inflation pressures
A higher than expected reading on German consumer price inflation is another indication that underlying price pressures in Germany are rising.
A higher than expected reading on German consumer price inflation is another indication that underlying price pressures in Germany are rising.
BNP: Impact of US Downgrade
A one-notch downgrade would not cause forced selling of USTs. Still, there could be a re-pricing, with UST rates rising by 25bp or more in long maturities
Office Market Frankfurt - Q2 2011
Office Market Frankfurt - Q2 2011
With an office space turnover of 230,200 sq m, the first half of 2011 was just under the result of the previous year (-0.4%). In contrast to the previous year when the proportion of owner-occupied transactions was at a high level, the first half result of the current year was characterised by a relatively low proportion of 10%.
Author(s): several
Source: CB Richard Ellis
Published: 27.07.2011
http://www.immopro24.com/market-report/office-market-frankfurt-q2-2011_1020.html
With an office space turnover of 230,200 sq m, the first half of 2011 was just under the result of the previous year (-0.4%). In contrast to the previous year when the proportion of owner-occupied transactions was at a high level, the first half result of the current year was characterised by a relatively low proportion of 10%.
Author(s): several
Source: CB Richard Ellis
Published: 27.07.2011
http://www.immopro24.com/market-report/office-market-frankfurt-q2-2011_1020.html
Wednesday, July 27, 2011
Japan: V-shaped recovery is now more than complete for Japanese consumers (T. Okubo)
V-shaped recovery is now more than complete for Japanese consumers
Retail sales in Japan jumped by 2.9% month on month (mom) in June, sizably stronger than the prior market expectation (E 1.5%).
Retail sales in Japan jumped by 2.9% month on month (mom) in June, sizably stronger than the prior market expectation (E 1.5%).
CNBC: What Happens if the U.S. is downgraded?
What Happens if the U.S. is downgraded?
John Carney, CNBC, 2011-07-27
Implications of a US Downgrade
John Carney, CNBC, 2011-07-27
Implications of a US Downgrade
Just a few days more of this debt ceiling (R. Narvas)
Just a few days more of this debt ceiling
The clock continues to tick towards the Treasury's August 2 deadline and we continue to see little progress towards an agreement to raise the debt ceiling. The parties continue to be firmly dug into partisan lines, although the Republicans are looking more fractured. If no deal is done, there is the option of adopting the Reid-McConnell plan proposed last week, but also the atomic bomb of the President invoking the 14th amendment. In the case of a downgrade or default, it seems that the majority of Treasury holders may not be forced sellers. That said, repo markets are already dislocated due to the debt crisis, as players build up cash reserves, preparing for the worst.
The clock continues to tick towards the Treasury's August 2 deadline and we continue to see little progress towards an agreement to raise the debt ceiling. The parties continue to be firmly dug into partisan lines, although the Republicans are looking more fractured. If no deal is done, there is the option of adopting the Reid-McConnell plan proposed last week, but also the atomic bomb of the President invoking the 14th amendment. In the case of a downgrade or default, it seems that the majority of Treasury holders may not be forced sellers. That said, repo markets are already dislocated due to the debt crisis, as players build up cash reserves, preparing for the worst.
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