Tema: PPCC-Pisitófilos Creditófagos-Otoño 2022

[Derby]

https://www.fxstreet.com/news/ecbs-nagel-decisive-ecb-rate-hikes-are-neede-202209261557

ECB's Nagel: Decisive ECB rate hikes are needed

European Central Bank (ECB) Governing Council member and German central bank head Joachim Nagel said on Monday that decisive rate hikes are needed amid rising risks of inflation expectations getting de-anchored.

"The risk that long-term expectations get de-anchored remains high," Nagel explained. "Further decisive action is required to bring the inflation rate down to 2% in the medium term."

[Cadavre Exquis]

https://www.expansion.com/empresas/banca/2022/09/26/6330ca8e468aebb0698b462e.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2022/09/26/632c9a7b468aeb043f8b45a8.html

Saludos.

[R.G.C.I.M.]

A "painfull recession" un 4,4 % de paro!

JAJAJAJAJAJAJAJAAJAJ

Niñatos advenedizos!

Tormentitas a Noe!!!

Órdago,  coño!!!!!

 

[Urederra]

UK banks and lenders suspend offering new mortgages amid market turmoil

Lenders take action as the Bank of England says it would not 'hesitate to change interest rates as necessary'.

Halifax, the UK’s largest mortgage lender, has temporarily withdrawn all of its mortgage products that come with a fee from the market amid continuing volatility surrounding the pound.

The move comes after chancellor Kwasi Kwarteng announced a raft of tax cuts last week, prompting concerns for the impact on inflation.

While the majority of mortgage holders are on fixed-rate deals, 1.8 million fixed deals are scheduled to end next year – meaning some homeowners could be in for a bill shock when they do eventually come to take out a new mortgage.

Halifax, a trading division of Bank of Scotland and a wholly-owned subsidiary of Lloyds Banking Group, said on Monday it had temporarily withdrawn from the market all of its mortgage products that come with a fee.

“As a result of significant changes in mortgage market pricing we’ve seen over recent weeks, we’re making some changes to our product range, a Halifax spokesperson said.

“There is no change to product rates, and we continue to offer fee-free options for borrowers at all product terms and LTV (loan-to-value) levels, but we’ve temporarily removed products that come with a fee.”

Meanwhile, Virgin Money is also taking action following recent policy announcements.

A spokesperson said: “Given market conditions we have temporarily withdrawn Virgin Money mortgage products for new customers.

“Existing applications already submitted will be processed as normal and we’ll continue to offer our product transfer range for existing customers. We expect to launch a new product range later this week.”

STV News understands that Skipton Building Society is considering similar action to withdraw certain mortgage products.

HSBC says it has no plans to suspend offering mortgages to new customers.

The pound hit headlines again on Monday after plummeting to a record low against the dollar overnight, sending shockwaves across the economy, but London’s leading index remained fairly unchanged.

Sterling hit its lowest level against the dollar since decimalisation in 1971, falling by more than 4% to just 1.03 dollars in early Asia trading.

It regained ground later on in the day, recovering to around 1.07 dollars when European markets closed, despite the Bank of England quashing speculation that it might announce an emergency interest rate hike to steady the pound.

The governor of the Bank of England said on Monday there would be no emergency meeting “following the significant repricing of financial assets” and instead it would consider increasing the base rate at the next planned meeting.

While the pound plummeted, the FTSE 100 was relatively stable by the time markets closed on Monday. A weaker pound is usually good news for the internationally-focused index as it means British products are cheaper for overseas buyers.

The index hit lows of around 6,939 in the morning but was 2.35 points higher, or 0.03%, at 7,020.95 when European markets closed.

But the index is still just above recent lows. On Friday it fell by as much as 2.5%.

The tanking pound reflects a dip in overseas confidence in the British currency after the UK Government announced plans to raise borrowing and cut taxes.

https://news.stv.tv/scotland/uk-banks-and-lenders-including-halifax-bank-of-scotland-suspend-offering-new-mortgages-amid-market-turmoil

[Cadavre Exquis]

https://cincodias.elpais.com/cincodias/2022/09/25/companias/1664097186_527442.html

Saludos.

[sudden and sharp]

A "painfull recession" un 4,4 % de paro!

JAJAJAJAJAJAJAJAAJAJ

Niñatos advenedizos!

Tormentitas a Noe!!!

Órdago,  coño!!!!!

 

Algo sí que debe de estar pasando...

Los residentes de la 'Tent city', como se conoce en EEUU a estos campamentos, no son sólo vagabundos alcohólicos, sino también numerosas familias con niños que han perdido sus trabajos y sus casas por no poder afrontar los pagos de la hipoteca.

[...]

Según una encuesta del Centro Nacional Para Familias sin Hogar, unos 1,5 millones de niños en EEUU, uno de cada 50, carecen de vivienda, pero la propia organización reconoce que las cifras están desfasadas.

La crisis obliga a miles de familias americanas a vivir en tiendas de campaña
https://www.publico.es/actualidad/crisis-obliga-miles-familias-americanas.html
Eran trabajadores de clase media que vivían en casas con jardín. La recesión los ha empujado hacia lo inimaginable

[Cadavre Exquis]

https://twitter.com/Sphinx_ARDE/status/1574433162733789185

El enlace a la noticia a la que hace referencia el tweet:

https://www.thelocal.dk/20220926/danish-heating-company-asks-customers-not-to-turn-on-heating/

Saludos.

[Cadavre Exquis]

https://www.diariovasco.com/economia/vivienda/precio-vivienda-san-sebastian-20220926182104-nt.html

Saludos.

[Derby]

https://www.bbc.com/news/business-63041679

Mortgage lenders halt some deals after pound falls

Some mortgage deals have been withdrawn by banks and building societies due to volatility in the pound following the government's mini-budget.

Virgin Money and Skipton Building Society halted mortgage offers for new customers, but said submitted applications would still be processed.

Halifax said it would stop mortgages with product fees, which can result in better repayment rates.

It comes as the Bank of England said it was monitoring the markets "closely".(...)

[Derby]

https://www.bloomberg.com/news/articles/2022-09-26/treasuries-extend-losses-driving-yields-to-new-multi-year-highs

Treasury Yields Surge in Worst Selloff Since March 2020 Crash

*US 10-year climbs more than 20 basis points to 2010 levels
*Weak demand for two-year sale triggers fresh selling

US Treasury yields surged on Monday, with poor demand for a two-year note auction triggering renewed selling that propelled key benchmarks higher by more than 20 basis points -- and sent the 10-year rate up by the most since the March 2020 Covid crash.

US inflation stuck near a four-decade high and a hawkish Federal Reserve that now expects to push policy rates to at least 4.6% in 2023 are driving bearish market sentiment, with poor liquidity exacerbating the moves. A renewed surge in UK gilt yields, with key benchmarks rising around 40 to 50 basis points, also added pressure to the global bond market.

Both nominal and inflation adjusted yields climbed to fresh multi-year peaks, accelerating a deepening rout. The 10-year rose 23 basis points to 3.91% late in New York, its highest level since April 2010. Treasury options flow was active and mixed in direction with yields at extended peaks.

“The Fed is in a situation where they have to go harder and the market is picking up on this,” said Jason Pride, chief investment officer of private wealth at Glenmede Investment Management. “If you step back and look at the big picture, the Fed genuinely wants higher rates.”



(...)

[Cadavre Exquis]

https://www.expansion.com/empresas/distribucion/2022/09/26/6331cb40e5fdea005d8b468e.html

Saludos.

[Cadavre Exquis]

https://www.expansion.com/mercados/2022/09/27/6332343b468aebcf548b457b.html

Saludos.

[Cadavre Exquis]

El interés de la deuda europea marca nuevos máximos anuales

Saludos.

[Cadavre Exquis]

https://www.expansion.com/economia/2022/09/27/6331fad1468aeb8a678b4616.html

Saludos.