Deeper Analysis
A Slippery Monday For the DOW
May 24, 2010
Stock markets crested four weeks ago today on April 26. The subsequent downturn had avoided a bad Monday until today, which was good. Several really big historical stock market crashes have clustered around Mondays. Immediately following the bankruptcy of Lehman Brothers, the DOW fell by 4.4% on September 15, 2008, 3.3% on the following Monday, […] More
Central Bank Watch
Bank of Israel Policy Interest Rate Kept at 1.5%
May 24, 2010
Israel began the process of gradually returning to normal short-term interest rates nine months ago. The central bank was the first to raise rates after the world recession. While raising rates by 25 basis points in August, November, December and March 2010, the central bank paused in September, October, January, February, April and now May. […] More
New Overnight Developments Abroad - Daily Update
Weaker Euro
May 24, 2010
The dollar gained 1.5% against the euro, ending last week’s respite for the common European currency. Parts of Germany, France, Netherlands and Norway are closed for Whit Monday. The dollar has also risen 0.9% against the kiwi, 0.7% against the Swissy, 0.5% relative to the Australian dollar and sterling, and 0.1% against the yen. CAD/USD […] More
