Archive for January 28th, 2010

Deeper Analysis

Mixed Signals

January 28, 2010

The wire service headline observed that the Fed statement used the word recovery for the first time.  Market behavior suggests a darker and more complex landscape.  In less than six full trading sessions since closing at 10,725 on January 19, the Dow has dropped 6.0%, more than its 3.6% drop in the an equivalent interval […] More

Central Bank Watch

Filipino Key Overnight Borrowing Rate Left at 4.0%

January 28, 2010

As expected, Bangko Sentral ng Pilipinas made no changes in its 4.0% overnight borrowing or 6.0% overnight lending rates.  However, in a phase-out of a liquidity-promoting action introduced 11 months ago, the peso rediscount window charge was restored to the overnight borrowing rate level from 50 basis points below such.  A statement from monetary officials called […] More

New Overnight Developments Abroad - Daily Update

Obama Sets Goal of Doubling U.S. Exports in Five Years

January 28, 2010

Markets seem somewhat less risk averse, less fearful.  Stocks recovered in Asia by 1.6% in Japan and Hong Kong, 1.8% in Taiwan, 1.0% in South Korea and Sri Lanka, 2.2% in Indonesia, and 1.9% in Singapore.  Australian equities gained 0.6%, and in Europe, the Paris Cac, British Ftse, and German Dax are 0.5%, 0.4%, and […] More