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Existing-Home Sales Decline in Economic Uncertainty

added: 24-12-2008

Existing-home sales weakened against a backdrop of an eroding economy, according to the National Association of Realtors(R).

Consumer Confidence Study Shows Americans Pulled Back on Spending Long Before Economic Crisis Hit

added: 24-12-2008

Consumer confidence and spending began slowing as early as Spring 2007, according to a recent analysis by Experian Marketing Services, a part of global information company Experian. The analysis, based on data from Experian(R) Simmons(SM) and Experian Hitwise(R), found that from Spring 2007 to Summer 2008, the percentage of U.S. adults who felt they would be financially better off in the next year dropped considerably from 46 percent to 37 percent.

Visa Survey Finds Two-Thirds of Americans Save Monthly for Major Expenses

added: 24-12-2008

Americans are setting aside more money for emergencies than any other saving needs, according to new surveys released Visa Inc. Saving for emergencies and a rainy day (30 percent) topped the list of what Americans set aside money for, followed by retirement (20 percent) and education (10 percent). Overall, sixty-six percent of Americans surveyed said they set aside some amount every month for major expenses.

Consumer Confidence Down Slightly in December 2008

added: 24-12-2008

Consumer confidence in the overall economy decreased slightly in December, according to figures released by the Consumer Electronics Association and CNET. The CEA-CNET Indexes also showed consumers are slightly less likely to spend on consumer electronics and technology products.

40% of Americans Say They Are Not Concerned About Going Without Credit Cards

added: 24-12-2008

Bankrate, Inc. released the findings of a national poll which found that 40% of consumers say they would not be upset if their credit lines disappeared. In fact, of the respondents who have credit cards, nearly one-third (32 percent) say they will probably charge less in 2009.

Many States' 30-year Fixed Mortgage Rates Fall Below 5.00 Percent

added: 24-12-2008

Mortgage rates remained low last week and many states saw sub-5.00 percent rates for the first time in recent history. The weekly average rates for 30-year fixed mortgages declined to 4.96 percent, down from 5.15 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com(R).

The Leading Index for Germany Declined 2.6 Percent in October 2008

added: 24-12-2008

The Conference Board announced that the leading index for Germany declined 2.6 percent and the coincident index decreased 0.4 percent in October.

Credit Rating Outlook Remains Negative for U.S. Financial Institutions

added: 23-12-2008

Fitch Ratings states that the 2009 rating outlook for U.S. financial institutions remains negative but that downgrades are not expected to be as numerous or drastic as in 2008. Rating actions taken in 2008 incorporated expectations of high loan loss provisions and weak profitability through mid-2009. Government intervention including the Capital Purchase Program has likely reduced the risks of multi-notch downgrades for the largest financial firms. Consolidation is also expected to increase particularly across regional banks.

Euro Area Balance of Payments in October 2008

added: 23-12-2008

In October 2008 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 6.4 billion. In the financial account, combined direct and portfolio investment showed net inflows of EUR 108 billion.

U.S. Utilities, Power & Gas Sector Outlook More Challenging Due to Credit Crisis

added: 23-12-2008

Fitch Rating's fundamental outlook for U.S. electric utilities turned negative in 2008 and is expected to continue under pressure in 2009 and beyond, reflecting a more challenging capital market environment, cyclical downturn and high non-discretionary capital requirements targeting infrastructure, environmental and renewable construction projects.

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