Wise Money eyes turn to next week
A fairly quite day in terms of data, with the only things of real note coming from the US. First out we have the US Housing starts out at 1:30 BST, which the market will be looking to any positive signs for future housing sales.
US University of Michigan Confidence report out at 3:00 BST. A further decline is expected to around 61 from 82.6 in April.
Barclays issued their update/trading statement with a write down of £1.7billion of assets, along with an increase of new mortgage lending.
The market will be looking to see if they take the decision to conduct a rights issue to shore up their balance sheet or if they would look to private investors, Finance Director Chris Lucas quoted 'We're not going to rule in or rule out any options at this stage'.
Three weeks ago we saw the Bank of England announce a package of £50billion to help free up lending in the UK market, but reports in today's Financial Times are stating that this is looking to increase closer to £90billion!
Looking ahead we have a fairly busy week starting with the German ZEW Survey out on Tuesday, then a bit closer to home we have the all important Bank of England minutes published at 9:30 BST on Wednesday which will make for interesting reading.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
US University of Michigan Confidence report out at 3:00 BST. A further decline is expected to around 61 from 82.6 in April.
Barclays issued their update/trading statement with a write down of £1.7billion of assets, along with an increase of new mortgage lending.
The market will be looking to see if they take the decision to conduct a rights issue to shore up their balance sheet or if they would look to private investors, Finance Director Chris Lucas quoted 'We're not going to rule in or rule out any options at this stage'.
Three weeks ago we saw the Bank of England announce a package of £50billion to help free up lending in the UK market, but reports in today's Financial Times are stating that this is looking to increase closer to £90billion!
Looking ahead we have a fairly busy week starting with the German ZEW Survey out on Tuesday, then a bit closer to home we have the all important Bank of England minutes published at 9:30 BST on Wednesday which will make for interesting reading.
The contents of this blog are for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. The Wise Money Blog cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.
Labels: credit crunch, home loans, New Home Sales, wise money
posted by Wise Money @ 8:28 AM
0 Comments:
Post a Comment
Links to this post:
Create a Link
<< Home