Archive for February 2nd, 2011

Deeper Analysis

Euroland Producer Price Trends

February 2, 2011

A 5.3% advance in euro area producer prices between December 2009 and December 2010 more than reversed a 2.9% drop in the previous twelve months.  The most pronounced shift was in energy, where producer costs increased 11.3% in the latest year after dropping 5.6% in the year to December 2009. Energy wasn’t the only responsible […] More

Central Bank Watch

Smaller Rate Cut in Iceland

February 2, 2011

Sedlabanki’s seven-day key lending rate was reduced to 4.25% from 4.5%.  The marginal lending rate, 28-day CD rate, and deposit rate were each also sliced by 25 basis points to 5.25%, 4.0%, and 3.25% respectively.  These were the smallest reductions of fifteen adjustments made since March 2009.  An IMF-mandate hike of three percentage pints in […] More

New Overnight Developments Abroad - Daily Update

Tuesday’s Optimism Lingering

February 2, 2011

Many signs that investors are more hopeful.  Strong U.S. auto sales in January help.  So does the possibility as mooted of a an agreement at the summit of EU leaders later in the week for an expanded rescue fund for troubled peripheral governments.  So does the fact that demonstrations in Egypt remain peaceful. Stocks rose […] More