سقراطون
08-09-2008, Mon 5:49 AM
قرار الأستحواذ ( الأنقاذ ) لبنكي الأقراض الأمريكيين من قبل الأدارة قد يزيل المخاوف التي أحاطت بالأسواق العالمية.
AP
Wall Street may cheer Fannie, Freddie bailout
Sunday September 7, 6:55 pm ET
By Madlen Read, AP Business Writer Wall Street may cheer if Fannie, Freddie bailout reduces market volatility
NEW YORK (AP) -- Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.
Overall, the move is a positive for banks around the world, including Citigroup Inc., Merrill Lynch & Co. and UBS AG that invested in U.S. mortgages, according to Daniel Alpert, managing director at the investment bank Westwood Capital. And in electronic trading Sunday evening, futures for the major U.S. stock indexes all rose about 2 percent.
"There's no doubt in my mind that this will stabilize the mortgage market," Alpert said.
The government's decision Sunday to take control of the two companies -- which own or guarantee about half the nation's mortgage debt -- removes a huge cloud that has been hovering over skittish markets.
Still, many investors likely will want to see hard evidence of home prices bottoming before they jump back into stocks wholeheartedly. They're also going to be asking what the government will do next to help distressed homeowners pay their mortgages and get people to start buying houses again.
"Right now, Fannie and Freddie are the mortgage market, and that has been choked. If this helps to clear the way for the housing market to recover, it will filter through to the rest of the market," said Quincy Krosby, chief investment strategist at The Hartford. "Anything that helps bring a bottom to housing prices, helps put in a floor, is going to be a boon for the overall market."
Stock markets around the globe have been extremely volatile and directionless lately. The Dow Jones industrial average is still above its mid-July lows, but remains down more than 20 percent from the record it reached last October.
Companies have struggled as credit has gotten more expensive -- or impossible to obtain. Chrysler Financial, for example, was recently only able to renew $24 billion of its $30 billion in credit lines, while the clothing retailer Steve & Barry's LLC blamed its inability to borrow money as it sought bankruptcy court protection in July.
A big reason for the volatility had been the uncertainty over the fate of Fannie Mae and Freddie Mac, which the U.S. Treasury placed into a conservatorship. "The clarity and certainty it will provide to the status of the two institutions should have a stabilizing effect on the markets, banking system and the mortgage industry," Federal Insurance Deposit Corp. Chairman Sheila C. Bair said in a statement.http://biz.yahoo.com/ap/080907/mortgage_giants_wall_street.html
الأسواق الأسيوية تفاعلت إيجابا.
Asia/Pacific
NIKKEI 225 (http://www.bloomberg.com/apps/quote?ticker=NKY:IND)12,650.27438.04 3.59%
HANG SENG INDEX (http://www.bloomberg.com/apps/quote?ticker=HSI:IND)20,725.91792.63 3.98%
S&P/ASX 200 INDEX (http://www.bloomberg.com/apps/quote?ticker=AS51:IND)5,079.50202.40 4.15%
http://www.bloomberg.com/markets/stocks/wei.html
AP
Wall Street may cheer Fannie, Freddie bailout
Sunday September 7, 6:55 pm ET
By Madlen Read, AP Business Writer Wall Street may cheer if Fannie, Freddie bailout reduces market volatility
NEW YORK (AP) -- Wall Street finally got what it's been angling for: a bailout of Fannie Mae and Freddie Mac that could aid a recovery of the broken U.S. housing market and arrest a slide in stock and credit markets worldwide.
Overall, the move is a positive for banks around the world, including Citigroup Inc., Merrill Lynch & Co. and UBS AG that invested in U.S. mortgages, according to Daniel Alpert, managing director at the investment bank Westwood Capital. And in electronic trading Sunday evening, futures for the major U.S. stock indexes all rose about 2 percent.
"There's no doubt in my mind that this will stabilize the mortgage market," Alpert said.
The government's decision Sunday to take control of the two companies -- which own or guarantee about half the nation's mortgage debt -- removes a huge cloud that has been hovering over skittish markets.
Still, many investors likely will want to see hard evidence of home prices bottoming before they jump back into stocks wholeheartedly. They're also going to be asking what the government will do next to help distressed homeowners pay their mortgages and get people to start buying houses again.
"Right now, Fannie and Freddie are the mortgage market, and that has been choked. If this helps to clear the way for the housing market to recover, it will filter through to the rest of the market," said Quincy Krosby, chief investment strategist at The Hartford. "Anything that helps bring a bottom to housing prices, helps put in a floor, is going to be a boon for the overall market."
Stock markets around the globe have been extremely volatile and directionless lately. The Dow Jones industrial average is still above its mid-July lows, but remains down more than 20 percent from the record it reached last October.
Companies have struggled as credit has gotten more expensive -- or impossible to obtain. Chrysler Financial, for example, was recently only able to renew $24 billion of its $30 billion in credit lines, while the clothing retailer Steve & Barry's LLC blamed its inability to borrow money as it sought bankruptcy court protection in July.
A big reason for the volatility had been the uncertainty over the fate of Fannie Mae and Freddie Mac, which the U.S. Treasury placed into a conservatorship. "The clarity and certainty it will provide to the status of the two institutions should have a stabilizing effect on the markets, banking system and the mortgage industry," Federal Insurance Deposit Corp. Chairman Sheila C. Bair said in a statement.http://biz.yahoo.com/ap/080907/mortgage_giants_wall_street.html
الأسواق الأسيوية تفاعلت إيجابا.
Asia/Pacific
NIKKEI 225 (http://www.bloomberg.com/apps/quote?ticker=NKY:IND)12,650.27438.04 3.59%
HANG SENG INDEX (http://www.bloomberg.com/apps/quote?ticker=HSI:IND)20,725.91792.63 3.98%
S&P/ASX 200 INDEX (http://www.bloomberg.com/apps/quote?ticker=AS51:IND)5,079.50202.40 4.15%
http://www.bloomberg.com/markets/stocks/wei.html