US STOCKS-Wall St headed higher before Bush, Bernanke 31 Aug 2007 21:01US STOCKS-Wall St headed higher before Bush, Bernanke 31 Aug 2007 21:01
(Updates with reaction to inflation data, updates prices)
By Ellis Mnyandu
NEW YORK, Aug 31 (Reuters) - U.S. stocks headed for a higher open on Friday as investors drew support from news that President Bush would unveil a plan to help subprime mortgage borrowers and loosen credit conditions that have rattled financial markets for six weeks.
Anticipation that Federal Reserve Chairman Ben Bernanke may signal an interest rate cut is coming soon in a speech on Friday also fueled a rally in stock index futures.
A government report on July personal income and spending showing moderation in one of the Fed's favored consumer price inflation gauges also lent support.
Shares of companies that have suffered most in the credit scare, such as banks, brokers and mortgage lenders, rose before the opening bell.
Goldman Sachs <GS.N> jumped 2.1 percent to $175, while Countrywide Financial Corp. <CFC.N>, the biggest U.S. mortgage lender, gained more than 6 percent to $20.91. The S&P electronic-traded fund for financials <XLF.A> rose more than 2 percent to $34.10 before the bell.
S&P 500 futures <SPc1> rose 17.30 points, above fair value, a formula to evaluate pricing taking into account interest rates, dividends and time to expiration on the contract.
Dow Jones industrial average futures <DJc1> jumped 116 points, and Nasdaq 100 <NDc1> futures climbed 19.50 points.
Bush will discuss the need for legislation to give the Federal Housing Administration the flexibility to help subprime mortgage borrowers who can't make their payments, two administration officials told Reuters. For details, see [ID:nN30203198]. Bush was scheduled to speak at 11:10 a.m. (1510 GMT) in the White House Rose Garden.
"The news on Bush is a positive but it is really the Fed that the focus is on right now," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
Before Bush, markets will focus on the speech by Bernanke for signs about when the Fed may cut interest rates as concern mounts that credit market problems could trigger a recession. The Fed chief is scheduled to speak at 10 a.m. (1400 GMT) at a central bankers' meeting in Jackson Hole, Wyoming.
The White House focus on helping struggling subprime borrowers could also benefit shares of home builders.
Other economic indicators on Friday include the August reading of business activity in the U.S. Midwest from the National Association of Purchasing Management-Chicago, data on U.S. factory orders for July and a final August reading of consumer sentiment from the University of Michigan.
Technology shares, the market's only bright spot on Thursday, will again be in focus, a day after computer maker Dell Inc <DELL.O> posted a stronger-than-expected quarterly profit. [ID:nN30462231]
Energy shares could also gain, with U.S. crude for October delivery up 1.3 percent, at $74.33 a barrel. ((Reporting by Ellis Mnyandu
Editing by Kenneth Barry
rm://ellis.mnyandu.reuters.com@reuters.net
e-mail: ellis.mnyandu@reuters.com
Telephone: + 1 646-223-6085)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)) Keywords: MARKETS STOCKS
[forpc (8-31 22:06, Long long ago)]
[ 传统版 |
sForum ][登录后回复]1楼
Singapore hikes property development charges 31 Aug 2007 18:31Singapore hikes property development charges 31 Aug 2007 18:31
SINGAPORE, Aug 31 (Reuters) - Singapore said on Friday it will raise property development charges from Saturday to reflect the rising value of homes and offices in the city-state.
Firms building offices and malls will see the development charge rise by an average of 42 percent from July, while those developing condominiums will pay a charge that is 58 percent higher, the Ministry of National Development said.
The charge for houses will rise 11 percent while the charge for hotels and hospitals will increase by 23 percent.
The government imposes a development charge whenever it approves plans that result in an enhancement in the land value. The tax is aimed at creaming off about 70 percent of the rise in the site's estimated value.
Private home prices in Singapore rose 8.3 percent in the second quarter from January-March, according to government data, boosting earnings for developers like CapitaLand Ltd <CATL.SI> and City Developments Ltd <CTDM.SI>.
Singapore's property stock index <.PROP> has fallen 6 percent in the past month following a global credit squeeze, but remains 23 percent up since the start of the year.
((Reporting by Kevin Lim, editing by Neil Chatterjee; kevin.lim@reuters.com; Reuters Messaging: kevin.lim.reuters.com@reuters.net; +65 64035663)) Keywords: SINGAPORE PROPERTY/CHARGE
[forpc (8-31 22:06, Long long ago)]
[ 传统版 |
sForum ][登录后回复]2楼
US STOCKS-Indexes cut gains on Bernanke, await Bush 31 Aug 2007 22:16US STOCKS-Indexes cut gains on Bernanke, await Bush 31 Aug 2007 22:16
(Updates with reaction to Bernanke's speech)
NEW YORK, Aug 31 (Reuters) - U.S. stocks cut gains on Friday after Federal Reserve Chairman Ben Bernanke said it was not the central bank's job to bail out lenders and investors and offered no clear clues about the outlook for interest rates.
But major stock indexes stayed in positive territory on investor hopes that President Bush would unveil a plan to alleviate the subprime mortgage crisis and loosen credit conditions that have rattled financial markets.
The Dow Jones industrial average <.DJI> was up 77.71 points, or 0.59 percent, at 13,316.44. The Standard & Poor's 500 Index <.SPX> was up 11.45 points, or 0.79 percent, at 1,469.09. The Nasdaq Composite Index <.IXIC> was up 20.45 points, or 0.80 percent, at 2,585.75. ((Reporting by Ellis Mnyandu
Editing by Kenneth Barry
rm://ellis.mnyandu.reuters.com@reuters.net
e-mail: ellis.mnyandu@reuters.com
Telephone: + 1 646-223-6085)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com)) Keywords: MARKETS STOCKS
[forpc (8-31 22:53, Long long ago)]
[ 传统版 |
sForum ][登录后回复]3楼
(引用 forpc:Singapore hikes property development charges 31 Aug 2007 18:31Singapore hikes property development charges 31 Aug 2007 18:31 ...)地产股是不是又要大跌?[木木宝宝 (8-31 23:11, Long long ago)] [ 传统版 | sForum ][登录后回复]4楼
(引用 木木宝宝:地产股是不是又要大跌?)发展费大幅上调 分析师感意外发展费大幅上调 分析师感意外
http://www.zaobao.com/cs/cs070901_514.html
● 杨永欣 龚慧婷
尽管发展费再次上调是预料中事，但分析师表示，这次的大幅上调让人感到意外，它甚至可能是有史以来，最高的一次。
高力国际（Colliers）研究与咨询部主管郑惠匀说：“今年3月至8月间的土地交易活跃，因此发展费有显著的上调是预料中的事。不过，我们还是对大幅的上调感到意外，这可能是自政府制定发展费以来，上调幅度最高的一次。”
她指出：“政府已在今年7月份将发展费从原本的50％上调至70％，现在再大幅上调，明确显示政府有意让发展费更贴近目前的土地价值。”
郑惠匀说，在最新一轮的调整过后，发展费将更贴近最近成交的地价。例如，在这之前，雅茂公寓（The Ardmore）和景福苑（The Grangeford）的集体出售土地交易价，比利用它们之前的发展费，所计算出来的价格多出110％，随着新发展费的实施，这个差额现在已分别减少至27％和32％。
星展唯高达(DBS Vickers)分析师朱允行认为，调整幅度那么大，也显示集体出售市场在今年上半年非常蓬勃，像圣淘沙的非有地住宅，涨幅将近90％，就反映了此地段受欢迎的程度。
世邦魏理斯（CBRE）执行董事李晓和也说：“这一次的大幅调整的确让人意外，毕竟在今年7月间，发展费用已上调，且涨幅高达40％。”
集体出售速度将放缓
在谈到发展费再次调高对私宅集体出售的影响时，李晓和说，在某些程度上，这将放缓集体出售的速度。他指出，再加上屋主对房价的期望越来越高，发展商今后在收购集体出售项目时，可能就不再这么积极。他说：“非常明显的，公寓集体出售后的增值，政府将从中分到更大的份额。”
郑惠匀则说，7月和9月份发展费两次上调的双重打击，以及环球信贷吃紧的局势，预计会使发展商在投标集体出售项目时更加谨慎。此外，她也相信卖家今后所定下的目标价会更实际。她预测，集体出售地段在未来半年里的成交价增幅，可能不会比前半年出色。
不过，郑惠匀也指出，整体经济的展望仍是乐观的，因此市场预计会继续对住宅房地产有一定的需求，也因为这样，对发展地段的需求预计会保持在健康的水平。
此外，政府即将通过的新法令，预计会减少集体出售地段的供应，这样一来，尽管发展商更谨慎、卖家的目标价更实际，她相信集体出售地段目前50％左右的认购率今后会增加。
莱坊（Knight Frank）咨询与研究部主管麦俊荣认为，住宅（非有地）房地产发展费现在再上调，再加上拟议中的集体出售新法令，将对住宅房地产市场造成不明朗的局面。这些改变会影响投资者的情绪，然后再波及集体出售的成交率。
他认为，涨幅超过100％，是非常罕见的。若卖主无意降低出售价格，一些发展项目可能无法成交，使得集体出售不得不放缓。
相信是增加政府税收的举措
麦俊荣说：“不过，整体而言，这对市场或许是件好事，因为屋主现在对他们房子的目标价相信会较实际。”
政府最近的一连串“动作”——包括修改分层地契法令，在7月份调高发展费等，加上股市近期下滑、市面上又出现一些有关集体出售项目的负面消息，促使朱允行相信，市场已转向比较“谨慎”的情绪。
但麦俊荣和第一太平戴维斯(Savills)行销与业务开发主管邱瑞荣都相信，这是增加政府税收的举措。
邱瑞荣指出，发展商也可能把增加的成本转嫁到购买新公寓的买家身上，如此一来，私人房地产的价格或许会上涨更快。但他也同时指出，不是所有的集体出售项目都会受影响。那些不用增加容积率的私宅项目将不受到影响。
至于商业用途地段的发展费，麦俊荣说，中央商业区地段的发展费大幅上调并不让人意外，毕竟市区目前正面对办公楼吃紧的情况。
李晓和说，强劲的办公楼投资市场导致其发展费平均上调42％，其中珊顿道、莱佛士坊和滨海湾的增幅最显著。李晓和认为，珊顿道、莱佛士坊和滨海湾的一些商业项目，近期都以高价转手，相信是导致发展费大幅上调的原因。
卓登国际（Chesterton）研究部主管陈瑞谨也指出，最近商用项目，包括办公楼和酒店的销售转手情况良好，显示未来市场还是一片大好。
李晓和指出，酒店发展费上调23％，比3月份的27％稍低，但两次的调整，所有118个区都受影响。他认为，上调幅度不大，可能是因为从3月到8月，纯酒店地段的发展项目只有两个的关系。他也相信，随着旅游业发展蓬勃，酒店房间短缺，发展费用上涨不会影响发展商对这些地段的兴趣。
[forpc (9-1 16:21, Long long ago)]
[ 传统版 |
sForum ][登录后回复]5楼