Archive for April 19th, 2010

Central Bank Watch

Bank of Canada Preview

April 19, 2010

Tuesday’s interest rate statement at 09:00 EDT (13:00 GMT) will likely lay down the case for a Canadian rate hike as soon as June 1.  The last cyclical high in Canada’s overnight rate target was at 4.5%.  Such was cut by 25 bps in December 2007 and January 2008, then by 50 bps each in […] More

New Overnight Developments Abroad - Daily Update

Spike in Risk Avoidance Hammers Stocks and Commodities, Lifts Dollar

April 19, 2010

The Japanese Nikkei slumped 1.7% and closed below 11K for the first time since March 29.  Stocks also dropped 5.4% in China, 2.1% in Hong Kong, 3.2% in Taiwan, 1.7% in South Korea 1.5% in Singapore, 1.9% in the Philippines, 1.4% in Thailand and Australia, 1.3% in Indonesia, and 1.2% in India.  The Paris Cac, […] More