Deeper Analysis
February in Figures
February 28, 2013
During February, commodity prices and sovereign debt yields fell, while the dollar advanced pretty much across the board. Three-month deposit rates stayed very low and edged marginally downward in some cases. Equities rose on balance but not as much as in January. The biggest stock market increases were in Japan and Switzerland, matching up with […] More
Foreign Exchange Insights and Next Week
Little Settled after a Newsworthy Week
February 28, 2013
Net dollar movements in the Thursday-to-Thursday week since February 21st were insignificant is size despite a number of notable revelations during the period. Japanese Prime Minister Abe’s nominees for a new leadership team at the central bank were announced. This dovish team will serve for the next five years with the mission of ending deflation […] More
New Overnight Developments Abroad - Daily Update
Calm before U.S. Sequestration
February 28, 2013
It doesn’t look like the sequestration, across-the-board U.S. federal spending cuts, will be averted. But equities are doing well, with overnight gains of 3.0% in China, 2.0% in Hong Kong, 2.7% in Japan, 1.7% in Indonesia, 1.6% in the Philippines, and 1.3% in Australia. In Europe, the Dax and Spanish Ibex are 0.8% higher. The […] More
