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
