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
