Archive for February 28th, 2012

Deeper Analysis

Mixed U.S. Data Received Positively

February 28, 2012

Despite some weaker-than-expected data released today, U.S. share prices are higher, with the Dow at this writing trading above the key 13K level. A 4.0% dive in durable goods orders was the largest drop in three years, but such followed back-to-back increases of 4.2% in November and 3.2% in December and left January’s level of […] More

Central Bank Watch

Hungarian Monetary Policy Left Unchanged Again

February 28, 2012

A statement from the Monetary Council of Magyar Nemzeti Bank after leaving its benchmark base rate unchanged for a second straight month stressed the need to counter uncertainty and market volatility: "High volatility of financial markets over the recent period continues to warrant a cautious policy stance."  Like the January meeting in which a vote […] More

New Overnight Developments Abroad - Daily Update

More Hopeful Market Mood than Yesterday

February 28, 2012

Equities in the Pacific Rim rose by 1.7% in Hong Kong, 1.6% in India, 1.1% in Indonesia, 1.0% in Thailand, 0.9% in Japan, 0.8% in Singapore and 0.2% in New Zealand, but the Australian bourse dipped 0.1%.  In Europe, the German Dax, Paris Cac and British Ftse have firmed 0.5%, 0.4%, and 0.2%. The dollar […] More