Iceland
Iceland’s Central Bank Eases Somewhat Unexpectedly
January 27, 2010
Much of the statement released by the Central Bank of Iceland after a 50-basis point cut in key interest rates is devoted to the ongoing debt dispute and uncertainty over the country’s future access to foreign capital markets. The debt crisis took a turn for the worse when Iceland’s president recently vetoed Icesave legislation on [...] More
Awaiting FOMC Statement and Obama’s State of the Union Speech
January 27, 2010
With attention on the FOMC and tonight’s address from President Obama, stocks fell further and the dollar is mixed. Equities lost 2.9% in India, 1.6% in Thailand and Australia, 1.4% in China, 1.2% in Singapore, 0.7% in South Korea and Japan, and 0.5% in Indonesia and Taiwan. In Europe, the Paris Cac, British Footsie, and German [...] More
