Central Bank Watch
Markets Want Bernanke to Detail an Exit Strategy
July 20, 2009
Fed Chairman Bernanke delivers his semi-annual Humphrey-Hawkins testmony to the House on Tuesday and the Senate on Wednesday. At the last H-H testimony in February, he spoke about extraordinary economic weakness. Quantitative easing by the Fed had already begun. Although the start of a recovery might was deemed possible before end-2009, a full recovery was […] More
Central Bank Watch
Previewing Bank of Canada's Rate Announcement Tomorrow
July 20, 2009
The fifth Bank of Canada scheduled monetary policy announcement of 2009 at 13:00 GMT on Tuesday is likely to extend existing policy parameters. After halving the overnight target rate to 0.25% on April 21st, officials declared that level to be its effective lower boundary. To give some future guidance, two additional actions were then undertaken. […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Stocks in Asia and Europe Rally Further to Start Fresh Week
July 20, 2009
Stocks advanced 3.7% in Hong Kong, 2.7% in South Korea, 3.0% in Thailand, 2.0% in China, 3.1% in India, 1.6% in Malaysia, 1.3% in the Philippines, and 1.2% in Australia. Japan was closed for Marine Day. In Europe, the German Dax and Paris Cac are 1.5% higher, while the British Ftse has risen 1.4%. The […] More
