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
