Archive for February 9th, 2011

Central Bank Watch

Bank of England Preview: Shifting Risks

February 9, 2011

The smart money, which says the Monetary Policy Committee will again elect not to change policy settings, may be whistling past the cemetery.  Resistance to a bank rate hike of 25 basis points to 0.75% is diminishing.  Minutes from the January 13th meeting revealed lessening comfort with the current policy stance: Two of nine committee […] More

New Overnight Developments Abroad - Daily Update

Asian Stocks Fall as China Reopens

February 9, 2011

The end of China’s week-long Lunar New Year celebration saw equities decline by 1.4% in Thailand and Hong Kong, 1.2% in Indonesia, China, Taiwan and South Korea, and 1.0% in India.  The Chinese yuan, which had risen 0.6% during the break, reversed the move and returned to 6.594 per dollar. In other trading, the dollar […] More