Archive for November 23rd, 2010

Deeper Analysis

U.S. and Canadian Data

November 23, 2010

Revised U.S. third-quarter national income accounts were released today.  GDP growth was revised to 2.5% from 2.0% annualized.  Consumption, investment, government spending and exports were revised upward.  Imports and the boost from inventory building were revised downward.  The personal consumption price deflator increased 1.0% annualized.  It’s now been three years since the onset of the […] More

Central Bank Watch

Polish Reference Rate Kept Steady

November 23, 2010

Narodowy Bank’s seven-day repo rate has been 3.5% since June 2009 and will remain there even though CPI inflation moved up from the targeted 2.5% in September to 2.8% in October.  That was the first above-target outcome in seven months.  At recent meetings, the monetary policy council has considered a rate cut and narrowly missed […] More

New Overnight Developments Abroad - Daily Update

Spike in Risk Aversion Lifts Dollar

November 23, 2010

North and South Korea exchanged artillery shells on the disputed island of Yeonpyeong with casualties reported.  Stocks in the Pacific Basin slumped in response by 2.7% in Hong Kong, 2.0% in China and Singapore, 1.7% in Indonesia, 1.3% in India, 1.2% in New Zealand and Australia, 1.0% in Malaysia and 0.8% in South Korea.  Japanese […] More