Archive for August 22nd, 2012

Central Bank Watch

Icelandic Monetary Tightening Paused

August 22, 2012

Sedlabanki, the Central Bank of Iceland, left its key seven-day collateralized lending rate at 5.75%, which constitutes a pause in a trend of five increases since August 2011 and most recently on June 13, 2012.  Four of those hikes were by 25 basis points and the other in May of this year was by 50 […] More

New Overnight Developments Abroad - Daily Update

Bad News Delivered in Japan’s Trade Data

August 22, 2012

Asian markets were rattled by a reported 8.1% on-year decline in Japanese customs exports.  Shipments to the EU and China plunged by 25.1% and 11.9%, respectively.  Today‚Äôs meeting of EU President Juncker and Greek Prime Minister Samaras added to the nervous undertone of the market. Share prices declined 1.1% in the Philippines and Hong Kong, […] More