share prices

July 2019 in Figures

July 31, 2019

Even though only the Fed among major central banks cut interest rates in July, long-term interest rates declined in Europe but changed hardly at all over the course of the month in the United States, Canada, or Japan. The Fed’s 25-basis point interest rate cut announced on the final day of the month was its […] More

Quintet of Central Bank Policy Announcements

December 12, 2013

The Reserve Bank of New Zealand left the 2.5% official cash rate at its record low but served notice that such is headed higher and possibly soon. The Bank of Korea’s 7-day repo rate was kept at 2.5% as well, its level since May.  Inflation is below target. Bank Indonesia did not raise its reference […] More

German Dax Lower Following Sharp Asian Equity Sell-Off

June 4, 2012

Stocks plunged 3.8% overnight in Indonesia, 3.4% in The Philippines, 3.0% in Taiwan, 2.8% in South Korea, Vietnam and China, 2.0% in Hong Kong, 1.9% in Australia 1.7% in Japan, and 1.0% in New Zealand.  The merry-go-round of selling pressure continued in Germany where the Dax has so far dropped 1.4%.  The Spanish IBEX, in […] More

Less Concern about China and Europe –> Risk On

January 17, 2012

Chinese growth slowed less sharply than feared last quarter.  December industrial production and retail sales also eclipsed expectations. The ZEW Institute released much better-than-forecast measures of investor sentiment toward Germany and the euro area. British and Euroland consumer price inflation slowed last month. Like other recent sovereign debt auctions in Europe, Spain’s sales of 1-year […] More

Eurogroup Decision Delayed on Aid to Greece

October 4, 2011

A Eurogroup meeting scheduled for October 13 was postponed that would have approved the next EUR 8 billion loan tranche to Greece.  Reaction to Greek budget overrun revelations have been understandably poor.  More austerity from Athens is urged.  A decision on aid is not expected for about six weeks. After leaving the Official Cash Rate […] More

Equities Remain Wobbly on this Quiet Monday

June 13, 2011

Swiss markets closed and Germany partly so for Whit Monday.  Australian markets shut for Queen’s Birthday holiday. Share prices have dropped 1.1% in The Philippines, 1.0% in Indonesia, 1.4% in Taiwan, 0.7% in Japan and Malaysia, 0.6% in Singapore, 0.5% in Thailand, and 0.4% in China and New Zealand.  The Dax is off 0.2%, while […] More

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