Deeper Analysis
U.S. and Canadian Data
November 23, 2010
Revised U.S. third-quarter national income accounts were released today. GDP growth was revised to 2.5% from 2.0% annualized. Consumption, investment, government spending and exports were revised upward. Imports and the boost from inventory building were revised downward. The personal consumption price deflator increased 1.0% annualized. It’s now been three years since the onset of the […] More
Central Bank Watch
Polish Reference Rate Kept Steady
November 23, 2010
Narodowy Bank’s seven-day repo rate has been 3.5% since June 2009 and will remain there even though CPI inflation moved up from the targeted 2.5% in September to 2.8% in October. That was the first above-target outcome in seven months. At recent meetings, the monetary policy council has considered a rate cut and narrowly missed […] More
New Overnight Developments Abroad - Daily Update
Spike in Risk Aversion Lifts Dollar
November 23, 2010
North and South Korea exchanged artillery shells on the disputed island of Yeonpyeong with casualties reported. Stocks in the Pacific Basin slumped in response by 2.7% in Hong Kong, 2.0% in China and Singapore, 1.7% in Indonesia, 1.3% in India, 1.2% in New Zealand and Australia, 1.0% in Malaysia and 0.8% in South Korea. Japanese […] More
