Deeper Analysis
January in Figures
January 31, 2011
During January, the dollar fell against the euro and sterling, rose against the Swiss franc and Australian and New Zealand dollars and showed scant change against the yen, yuan, and Canadian dollars. Most stocks rose on balance, but the British Ftse dropped as a value-added tax hike aggravated inflationary pressures. Sovereign bonds rose by more […] More
Larry's Blog
North African Dominos
January 31, 2011
Revolutions are fascinating to watch and so unpredictable. All too often, whoever is most ruthless ends up commanding the top of the mountain when the dust finally settles. The rallying cry of the French Revolution — life, liberty and equality — wound up with Napoleon and tragedy for Europe. In Russia a century later, the […] More
Deeper Analysis
Upbeat North American Data
January 31, 2011
Canadian GDP calculated from the supply-side industrial level rose 0.4% in November, the best monthly advance since March. GDP was also 3.0% higher than a year earlier. Very robust monthly increases were posted in mining and oil extraction (1.3%), retail sales (1.4%), and wholesale turnover (1.5%). This is a welcome turn of events following weaker-than-anticipated […] More
Central Bank Watch
Russian Reserve Requirement Lifted
January 31, 2011
Bank Rossii left its key refinancing rate at 7.75%, its level since June 2010. The rate had been cut by 425 basis points during 2009 and a further 100 bps over the first five months of 2009. With economic activity now expanding at about a 4% pace, accelerating inflation has moved to the forefront of […] More
New Overnight Developments Abroad - Daily Update
Investors Watching North African Developments
January 31, 2011
Trading today has been calmer than on Friday. News highlights from Egypt include About 150 feared dead in Egyptian unrest. Foreigners are scrambling to leave the country. A Suez Canal officials said traffic through the seaway has not been affected. Moody’s cut its rating on Egyptian debt to Ba2 from Ba1. Egypt’s stock market and […] More
