Deeper Analysis
Mixed Signals
January 28, 2010
The wire service headline observed that the Fed statement used the word recovery for the first time. Market behavior suggests a darker and more complex landscape. In less than six full trading sessions since closing at 10,725 on January 19, the Dow has dropped 6.0%, more than its 3.6% drop in the an equivalent interval […] More
Central Bank Watch
Filipino Key Overnight Borrowing Rate Left at 4.0%
January 28, 2010
As expected, Bangko Sentral ng Pilipinas made no changes in its 4.0% overnight borrowing or 6.0% overnight lending rates. However, in a phase-out of a liquidity-promoting action introduced 11 months ago, the peso rediscount window charge was restored to the overnight borrowing rate level from 50 basis points below such. A statement from monetary officials called […] More
New Overnight Developments Abroad - Daily Update
Obama Sets Goal of Doubling U.S. Exports in Five Years
January 28, 2010
Markets seem somewhat less risk averse, less fearful. Stocks recovered in Asia by 1.6% in Japan and Hong Kong, 1.8% in Taiwan, 1.0% in South Korea and Sri Lanka, 2.2% in Indonesia, and 1.9% in Singapore. Australian equities gained 0.6%, and in Europe, the Paris Cac, British Ftse, and German Dax are 0.5%, 0.4%, and […] More
