Lew
Monday Focus on Japan and China
April 8, 2013
Weekend coverage of the Bank of Japan’s stimulus continued to emphasize that such exceeded all expectations and enjoyed the approval of almost the entire central bank Board. In this euphoria, Japan’s Nikkei closed up 2.8% at 13,193, its best closing level since August 12, 2008 (exactly a month before the Lehman Brothers collapse). The yen […] More
Uncertain Cypriot Situation Still Overhanging Markets
March 19, 2013
Despite talk of fine-tuning the proposed Cypriot levy on bank deposits, uncertainty in this area and the risk of copy-cat actions elsewhere in the euro area continue to worry investors worldwide. A hope exists that small depositors may be exempted, but then big deposits would be penalized more heavily than proposed initially. The Cypriot parliament […] More
