Central Bank Watch
50-Basis Point Turkish Rate Cut Meets Expectations
August 18, 2009
The Central Bank of the Republic of Turkey cut its overnight borrowing and lending rates by 50 basis points each to 7.75% and 10.25% and reiterated the belief that further measured cuts will likely be made in the absence of a robust recovery. This was the fourth consecutive month with a cut of 50 basis […] More
Lower U.S. Inflation
August 18, 2009
Producer prices fell 6.8% in the year to July, a 16.7 percentage point turnaround from its 9.9% rise during the year to July 2008. Core PPI inflation slowed to 2.6% from 3.5% a year earlier. U.S. consumer prices declined 2.1% in the latest statement year, a 7.7 percentage point drop from the rise of 5.6% […] More
Canadian Bonds and Stocks Attracting Foreign Capital
August 18, 2009
The Canadian dollar advanced 8.5% against its U.S. counterpart in the second quarter and has appreciated by a further 4.9% since mid-year. Foreigners bought C$ 30.7 billion of Canadian fixed income securities and C$ 8.6 billion of Canadian equities last quarter. Those net purchases surpassed C$ 4.1 billion of Canadian net buying of foreign equities […] More
New Overnight Developments Abroad - Daily Update
New Overnight Developments Abroad: Monday Market Action Reversed Partially
August 18, 2009
There is less observable risk aversion than yesterday. The dollar and yen are lower, stocks are mostly higher, commodities are up, and so are bond yields. The dollar has advanced 0.7% against the yen but shows losses of 0.6% against sterling, 0.4% against the Australian and New Zealand dollars, 0.3% against the euro and 0.2% […] More
