Deeper Analysis
When Enough is Not Good Enough
March 22, 2012
After celebrating last week, investors are seeking cover in this one. The catalyst has been various soft data not confined to one region of the world. It is normal and not the exception for economic data to wax and wane, so a batch of softer numbers in earlier decades would have probably been taken in […] More
Central Bank Watch
Monetary Policy in Taiwan Left Unchanged
March 22, 2012
As decided at the prior two quarterly policy board reviews by the Central Bank of the Republic of China on September 29 and December 29, monetary officials decided to leave Taiwan’s 10-day lending rediscount rate unchanged at 1.875%. The benchmark previously had been increased by 12.5 basis points each on June 25, October 1 and […] More
New Overnight Developments Abroad - Daily Update
Risk Aversion Fanned by Preliminary March PMI Readings
March 22, 2012
In Europe, share prices have tumbled 1.5% in Paris, 1.4% in Germany, and 0.9% in Britain. There were some big tumbles in the Pacific Rim including drops of 1.4% in Thailand, 2.3% in India, and 0.9% in Singapore. But equities rose 1.0% in Taiwan, 0.5% in Australia and 0.4% in Japan. Chinese stocks dipped 0.2%. […] More
