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Analysts say they expect no hike in interest rates this week, with strong economic growth at home countering global market viability. Trading took place amid the release of key economic data from the US, which were seen as increasing he likelihood of a rate cut when the Federal Reserve next meets on September 18. Tuesday morning, the Institute for Supply Management released its report on economic activity in the manufacturing sector in the month of August, showing that the pace of growth in the sector slowed compared to the previous month. The Department of Commerce released its report on construction spending in the month of July on Tuesday, showing that spending fell much more than expected compared to an upwardly revised reading for the previous month. Tuesday morning’s reports were important to the Federal Reserve’s interest rate decisions, as the Fed has stated several times that economic growth is an important factor in deciding whether or not it will cut interest rates. The dollar was slightly stronger against the sterling Tuesday, but saw a notable early advance pared in mid-morning action amid renewed interest in higher-yielding currencies. read more

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The cast of ‘Heroes’ drew a large. Rock stars — notorious for their. The Pentagon on Tuesday said computer. Unauthorized distribution, transmission or republication strictly prohibited. read more

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LONDON (Thomson Financial) – Major currencies were range-bound with little top-tier data on the agenda and market focus set to be on a swathe of interest rate decisions from central banks this week. With the US on holiday for Labor Day and European data limited to PMI activity surveys, much attention will be pinned on central banks’ interest rate decisions later this week in the euro zone, the UK, Canada, Australia and Sweden — and in particular on their accompanying statements. PK – news – people ) analysts. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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Though this week will start with US market holiday, much volatility is anticipated as the week goes, with four central bank rate decisions featured (ECB, BoE, BoC, RBA), non-farm payroll, as well as a number of important economic indicators. Credit is tighter for all but conforming mortgages and that implied tighter credit for the economy, including including higher-yield spreads, reduced credit issuance, greater risk aversion and increased volatility in financial markets. Trichet has signaled a rate hike by using the coded word “strong vigilance” in Aug’s press conference but markets speculate that ECB will postpone that rate hike due to recent turmoil in the financial markets. On the other hand, Bernanke’s speech was taken as another indication that Fed has opened the door for a rate cut in the Sep meeting and the outcome will very much depends on the upcoming batch of economic data, in particular the NFP. read more

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PARIS (Thomson Financial) – Luxury goods group Hermes International said first half net profit rose 9 pct to 128. Hermes said today that at constant exchange rates operating income would have advanced by 11 pct and net profit by 20 pct. The group had already warned of the impact of the dollar exchange rate on its first half profit figures, indicating in July that it expected operating and net profit for the full year to be close to the levels seen in 2006. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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Higher volatility may discourage carry trades as it implies more exposure to exchange rate fluctuations risks. Led by Credit Agricole SA, France?s second biggest bank by assets, reported better-than-expected profits, including IngBev NV, a Belgian brewer. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. read more

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BEIJING (XFN-ASIA) – China’s new foreign exchange reserve investment agency may invest in several central government-owned enterprises seeking to expand their overseas operations, the China Business News reported, citing unidentified sources. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. Sitemap Help Contact Us Investment Newsletters Forbes Conferences Forbes Magazines Forbes Autos Ad Information Forbes. read more

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