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OECD Composite Leading Indicators Signal Continued Weakening Outlook for Most Major OECD Economies

added: 09-11-2007

The latest composite leading indicators (CLIs) suggest that a moderate downturn in economic activity lies ahead in the OECD area. September 2007 data indicate a weakening outlook for all the major seven
economies except Canada. The latest data for major OECD non-member economies point to continued steady expansion in China, India and Brazil and a slightly improved outlook for Russia.

Chemical Industry in EU (25) Is Expected to Grow with a CAGR of 3.19% during 2007-2010

added: 09-11-2007

According to Research and Markets, the global chemical industry is growing extensively, thanks to multiple uses of chemicals in various industries. With respect to the global chemical industry, EU slipped down to the second position (market share of 30.43% and production value of Euro 455.2 Billion) as the largest chemical production base in 2005 after Asia; the reason was the expansion of production bases by China and India and poor performance in petrochemicals and specialty chemical segment in European Union (25).

Handheld Device Shipments Decline 43.5% Year Over Year

added: 09-11-2007

The worldwide handheld device market posted its fifteenth consecutive quarter of decline in shipments, signaling either vendor intent to scale back production or exit from market entirely, or both. According to IDC's Worldwide Handheld QView, vendors shipped 728,894 handheld devices in 3Q07, approximately 1.5% more than the previous quarter but 39.3% less from the same quarter a year ago.

OECD Standardised Unemployment Rate Remains Stable at 5.6% in September 2007

added: 09-11-2007

The standardised unemployment rate for the OECD area was 5.6% in September 2007, the same as the previous month and 0.4 percentage point lower than a year earlier.

European Banks Call for Smooth Implementation of Basel II in the US

added: 09-11-2007

More Americans Have Discretionary Income

added: 09-11-2007

About 73 million U.S. households now have discretionary income, up from about 57 million in 2002, according to a report by The Conference Board. The percent of the U.S. population with discretionary income has increased to nearly 64 percent, up from 52 percent in 2002.

The Leading Index for the U.K Declined 0.1 Percent

added: 09-11-2007

The Conference Board announced that the leading index for the U.K declined 0.1 percent, and the coincident index increased 0.1 percent in September.

Borrowers Predicting Mortgage Rates Based on the Fed's Rate Adjustments May be in for Unpleasant Surprises

added: 09-11-2007

Each time the Federal Reserve (the Fed) cuts interest rates, borrowers converge upon their mortgage representatives expecting lower interest rates. Unfortunately, they find that mortgage rates often rise after the Fed cuts rates, and those who have held off on refinancing or locking rates thinking a Fed rate cut will reduce mortgage rates, are actually faced with higher rates than before the Fed's rate reduction.

US Mortgage Rates Nudge Higher

added: 09-11-2007

Mortgage rates moved up this week, with the average conforming 30-year fixed mortgage rate now 6.34 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.38 discount and origination points.

Euro Area MFI Interest Rate Statistics in September 2007

added: 08-11-2007

In September 2007 the large majority of euro area average MFI interest rates on new deposits and new loans were higher than in the previous month or basically unchanged.

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