Debt-to in trouble, to provide insurance to insurers loan-to-dimensional crisis also suffer losses
Bond insurers will be expected to rescue the market news will keep the bond rating insurers, so as to avoid further with the loan-to-related losses. Boosted by the news, yesterday's Asian stock markets financial stocks, insurers stocks rose.
-- 6:54 p.m. yesterday, Morgan Stanley Asia-Pacific index rose 1.4 percent to 1460.6 points. As of yesterday closed, the Taiwan weighted index closed the whole day at 8286.31 points, up 177.6 points, or 2.19 percent. The Nikkei Average Index closed at 13914.57 points, up 414.11 points, or 3.07 percent. European stocks are also yesterday's news to stimulate the higher, pan-European Dow Jones in Stockton 600 index rose 1.6 percent, 18 in the international market are rising, Germany's DAX rose 1.4 percent, France's CAC 40 rose 1.8 percent, Britain's FTSE 100 Index rose 1.6 percent. -- As of 22:30 last night, U.S. stocks closed the Dow was up 11.80 points to 12,392 points, or 0.1 percent, the S & P 500 index rose 0.02 percent, the Nasdaq composite index rose 0.05 percent.
With the worsening credit problems, many housing loans secured by the rating company lowered last Friday Fannie and premises of the U.S. rating was lowered, and trigger U.S. stocks fell on that day. In addition, to avoid further from the impact of the housing market downturn, the premises of the United States last Thursday, the third increase rates for high-risk mortgage assets.
To save more victims and prevent further spread of the crisis, the U.S. government and the financial sector recently launched a series of measures to rescue the bond insurer's plan is one of them. It is estimated that if the large U.S. debt-rating lowered to the U.S. banking sector will therefore suffer further losses of 70 billion U.S. dollars, and trigger a financial sector crisis further.
In fact, the bond insurer in trouble when, to provide reinsurance reinsurers loan-to-dimensional crisis also suffer losses. The world's second largest reinsurer Munich Re insurance - yesterday said fourth-quarter profit fell 12 percent, is expected in 2008 will be even more difficult situation. Munich Reinsurance fourth-quarter net income from a year ago, 636 million euros fell to 560 million euros (830 million U.S. dollars) in the fourth quarter with the United States, loan-to-crisis-related losses of up to 15 million euros.
In addition, in order to avoid the U.S. economy into recession, the U.S. Congress also plans to re-introduced to stimulate the housing programme, specific measures include: relaxing the Bankruptcy Ordinance to protect banks from litigation and to face the loss of collateral to redeem the holder the right to housing, such as the provision of government assistance . The market is expected to face resistance to the motion than the recently passed the 168 billion U.S. dollars economic stimulus package is much greater.
Bond insurers will be expected to rescue the market news will keep the bond rating insurers, so as to avoid further with the loan-to-related losses. Boosted by the news, yesterday's Asian stock markets financial stocks, insurers stocks rose.
-- 6:54 p.m. yesterday, Morgan Stanley Asia-Pacific index rose 1.4 percent to 1460.6 points. As of yesterday closed, the Taiwan weighted index closed the whole day at 8286.31 points, up 177.6 points, or 2.19 percent. The Nikkei Average Index closed at 13914.57 points, up 414.11 points, or 3.07 percent. European stocks are also yesterday's news to stimulate the higher, pan-European Dow Jones in Stockton 600 index rose 1.6 percent, 18 in the international market are rising, Germany's DAX rose 1.4 percent, France's CAC 40 rose 1.8 percent, Britain's FTSE 100 Index rose 1.6 percent. -- As of 22:30 last night, U.S. stocks closed the Dow was up 11.80 points to 12,392 points, or 0.1 percent, the S & P 500 index rose 0.02 percent, the Nasdaq composite index rose 0.05 percent.
With the worsening credit problems, many housing loans secured by the rating company lowered last Friday Fannie and premises of the U.S. rating was lowered, and trigger U.S. stocks fell on that day. In addition, to avoid further from the impact of the housing market downturn, the premises of the United States last Thursday, the third increase rates for high-risk mortgage assets.
To save more victims and prevent further spread of the crisis, the U.S. government and the financial sector recently launched a series of measures to rescue the bond insurer's plan is one of them. It is estimated that if the large U.S. debt-rating lowered to the U.S. banking sector will therefore suffer further losses of 70 billion U.S. dollars, and trigger a financial sector crisis further.
In fact, the bond insurer in trouble when, to provide reinsurance reinsurers loan-to-dimensional crisis also suffer losses. The world's second largest reinsurer Munich Re insurance - yesterday said fourth-quarter profit fell 12 percent, is expected in 2008 will be even more difficult situation. Munich Reinsurance fourth-quarter net income from a year ago, 636 million euros fell to 560 million euros (830 million U.S. dollars) in the fourth quarter with the United States, loan-to-crisis-related losses of up to 15 million euros.
In addition, in order to avoid the U.S. economy into recession, the U.S. Congress also plans to re-introduced to stimulate the housing programme, specific measures include: relaxing the Bankruptcy Ordinance to protect banks from litigation and to face the loss of collateral to redeem the holder the right to housing, such as the provision of government assistance . The market is expected to face resistance to the motion than the recently passed the 168 billion U.S. dollars economic stimulus package is much greater.
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