Gaddafi
German IFO and Moody’s Generate Troubling News
August 24, 2011
Moody’s downgraded Japan’s credit rating to Aa3 from Aa2, citing a big government deficit and rising debt/GDP ratio. The news hurt Asian stocks. The IFO Institute reported a sharp drop and weaker-than-anticipated German business climate in August. The overall index tumbled 4.2 points to 108.7, lowest since mid-2010. The index had been at 114.4 just […] More
End of February Data Releases
February 28, 2011
Monday’s tend to have fewer data releases than other days of the week but not when they coincide with the end of the month. Oil prices are steady and below $100 at $97.89 per barrel amid confidence that Gaddafi will be squeezed out of power. The dollar has lost 0.6% against the euro and 0.7% […] More
Better Market Tone as Middle East Fear Ebbs
February 25, 2011
Stocks recovered 1.8% in Hong Kong and Singapore, 1.7% in Sri Lanka, 0.9% in Thailand, 0.7% in Japan, 0.6% in Australia and 0.4% in India. In Europe, equities climbed 1.2% in Paris, 0.5% in Frankfurt, and 0.2% in London. Ten-year sovereign debt yields rose three basis points in Germany, two bps in Britain and a […] More
