Central Bank Watch
Bank of Canada Preview: Street Consensus Looks for No Change
June 4, 2012
Analysts are not expecting the Bank of Canada to lift its 1.0% overnight target interest rate of 1.0% on Tuesday even though the Canadian dollar is 5.6% weaker than at the time of the prior rate announcement on April 17 when officials for the first time in nine months indicated that “some modest withdrawal of […] More
Central Bank Watch
Reserve Bank of Australia Likely to Cut Key Interest Rate Again on Tuesday
June 4, 2012
The main doubt about what Australia’s Monetary Board will decide is not whether or not the central bank will ease but rather the size of the cut, 25 basis points or 50 bps. The decision is due at 04:30 GMT (00:30 on the U.S. eastern seaboard, and 14:30 local time), and would constitute the fourth […] More
New Overnight Developments Abroad - Daily Update
German Dax Lower Following Sharp Asian Equity Sell-Off
June 4, 2012
Stocks plunged 3.8% overnight in Indonesia, 3.4% in The Philippines, 3.0% in Taiwan, 2.8% in South Korea, Vietnam and China, 2.0% in Hong Kong, 1.9% in Australia 1.7% in Japan, and 1.0% in New Zealand. The merry-go-round of selling pressure continued in Germany where the Dax has so far dropped 1.4%. The Spanish IBEX, in […] More
