Archive for September 30th, 2008

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