US Market

Saturday, September 15, 2007

No trade was made during last week. Our buy order didn't trigger.

Here is US news update because recently our stock market performance is very much depending on US market which is straggle in market crisis...

NEW YORK, Sept 14 (Reuters) - Wall Street expects Federal Reserve policy-makers to cut interest rates next Tuesday to help ease a global credit squeeze, a much anticipated event that spurred stock prices higher this week and could boost them next week.

Investors expect the Federal Open Market Committee to cut the federal funds rate in response to growing concerns that the U.S. economy is slowing and may be heading into recession.

Short-term interest rate futures on Friday indicated investors believe a half a percentage point cut in the federal funds rate is slightly more likely than a quarter percentage point cut when the FOMC meets.

Some investors say the stock market has priced in a quarter-percentage point rise, limiting any upside. But if the past is a guide, investors will react to the actual event, said David Bianco, chief U.S. equity strategist at UBS in New York.

"I think the market's going to have a positive reaction to it, I really do," said Bianco, who expects a 25 basis point cut in the federal funds rate and a 50 basis point cut in the discount rate.

"It will signal a response to what's going on, to try to prevent credit market troubles from spreading to the real economy," he said.

Reuters polls showed on Thursday that economists see about a 30 percent chance that the United States enters recession in the next 12 months should the effects of a housing slowdown continue to seep into the wider economy.

Major U.S. stock market gauges moved up this week in anticipation of a rate cut, with the Dow Jones industrial average

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