Bonds and Stocks
Footprint of Deflation in Major Advanced Economies
July 27, 2010
The fear of future inflation has ushered in an age of austerity even as prospects for sustained economic recovery among major advanced nations face substantial and unusual uncertainty. It is feared that government deficits, which ballooned in response to a drop in tax revenues caused by the deep recession, will be monetized away by central […] More
Central Bank Watch
Monetary Policy Tightened Again in India
July 27, 2010
The Reserve Bank of India raised interest rates for the second time this month, lifting its key borrowing repo rate by an as-expected 25 basis points to 5.75% but ratcheting its reverse repo rate up by an unexpectedly large 50 basis points to 4.5% in hopes of enticing commercial banks to keep more funds at […] More
New Overnight Developments Abroad - Daily Update
Investors Turn to Risk Trades
July 27, 2010
Lessening risk aversion saw the dollar climb 0.9% against the Swiss franc and 0.7% relative to the yen. The euro advanced to a 5-week high against the Swiss franc of CHF 1.3778. The Chinese yuan again remained steady against the dollar, which otherwise slid by 0.3% against sterling, the Aussie dollar and kiwi and by […] More
