[每日摘要]20070914

NEWS:

 

 * Japan LDP to hold leader election Sept 23

 * BOE, UK Aug inflation expectations match 8 year high

 * European payrolls growth slows as hiring in germany eases

 * OPEC expects tightness in oil refining to last a few years

 * German IFW Institute cuts 2007, 2008 growth f'cast

 * SNB raised rates by 25 bp, downside risks to growth are somewhat stronger, growth momentum is likely to slow somewhat in 2008, inflation prospects have deteriorated slightly, higher import prices could feed into cpi

 * Canadian 2Q manufacturers capacity use rose to 81.3% from 81%, second straight rise

 * US initial jobless claims rose 4,000 to 319,000 vs f'cast 325,000

 * Bernanke to testify Sept 20

 * Stark, there are downside risks to growth outlook

 * Greenspan, Bernanke is doing an excellent job, he didnt really get the subprime trend, wouldnt do anything different than Bernanke

    

 * Trichet, more broad based market correction possible, sees no risk of recession in Europe

 * Turkey unexpectedly cuts rates to 17.25%

 * Goldman fund plunges 22% in Aug, Telegraph

 * Noyer, French banks have marginal subprime exposure, French property slowdown a good thing

 * Greenspan, he failed to foresee subprime rout

 * Fed, discount loans rose to highest since 2001. discount window lending averaged $2.9 bio in week, NYC and Cleveland districts had biggest discount loans

 * Fed discount window lending increased to $7.2 bio

 * Northern Rock (one of the largest mortgage lenders in the UK, ask BOE for emergency financial support