Archive for March 22nd, 2012

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