Archive for March 4th, 2013

Central Bank Watch

Reserve Bank of Australia: No Interest Change Expected and None Delivered

March 4, 2013

The Official Cash Rate was left at 3.0%.  It has been at that level since since a 25-basis point cut in December, the sixth ease since November 2011.  A statement released by officials was dovish in tone and similar to the one released in February.  The next move is more likely to be a seventh […] More

New Overnight Developments Abroad - Daily Update

Chinese Equities Hammered

March 4, 2013

Stocks in China fell 4.6% following the announcement late Friday of new property market curbs there.  Share prices also dropped by 1.5% in Australian and Hong Kong, 1.2% in Taiwan, 1.0% in Indonesia, 0.9% in Singapore and 0.7% in South Korea.  The official CFLP non-manufacturing purchasing managers index weakened to a 5-month low of 54.5 […] More