Central Bank Watch
Bank of Canada Tightens Further
July 11, 2018
Canada’s overnight target central bank rate was lifted to 1.50% today. Bank of Canada officials had prepared markets to expect such a move today. It follows similar 25-basis point increases enacted in September 2017, January 2018 and, most recently, May 2018. A released statement of explanation points to more normalization in the future. Governing Council […] More
New Overnight Developments Abroad - Daily Update
Markets React as Trump Stirs Pot of Global Disorder Further
July 11, 2018
Share prices dropped 1.8% in China, 1.4% in Hong Kong, 1.2% in Japan, and 0.7% in Taiwan and Australia. In European markets, equities today are down over 1.0% in Germany, Italy, Spain, France and Switzerland, and the DOW dropped some 160 points in the first quarter hour of U.S. trading. There have also been outsized […] More
