Some Good News For Prime Minister Harper Ahead of Canadian Election
September 30, 2008
Canadian voters go to the polls on October 14th in early elections called by 49-year-old Conservative Party leader Stephen Harper, who has led a minority government since January 2006. A similar result seems likely. He is opposed by Stephane Dion, the Liberal Party chief. Canada has a parliamentary system of government. The state of the […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Money Markets Remain Highly Illiquid
September 30, 2008
The U.S. Congress will not gather again until Thursday. Chinese markets are closed all week. The Nikkei slumped 4.1%. Elsewhere in Asia, stocks fell 4.7% in Vietnam, 3.6% in Taiwan and 1.5% in the Philippines but rose 2.0% in India and 0.8% in Hong Kong. In Europe, the Dax has lost 0.8%, but the Cac40 […] More
Currency Markets in the News
Japanese Fiscal Half Ending on Ominous Note
September 30, 2008
Japan releases a bunch of data on the final session of each month, and all of it so far has been weaker than expected. The Nikkei slumped 4.7% in the morning trading session to show a drop of slightly more than 10% from the end of the last fiscal year on March 31st. 10-year JGB […] More
