Archive for May 28th, 2013

Central Bank Watch

Tenth Straight Central Bank Rate Cut in Hungary

May 28, 2013

Magyar Nemzeti Bank’s two-week repo rate has been cut for the tenth straight month by 25 basis points and now stands at 4.5%, down from 7.0% prior to last August.  The pre-2009 peak, by comparison, was at 11.5%.  Today’s reduction was anticipated by analysts, and the statement released by Hungarian monetary authorities today strongly hints […] More

New Overnight Developments Abroad - Daily Update

Global Share Prices Higher following 3-Day Weekends in the U.K. and U.K.

May 28, 2013

Equities climbed 1.1% in Japan and Hong Kong, 1.7% in China, 1.8% in Indonesia, 0.7% in India, 0.3% in south Korea and 0.2% in Australia.  Share prices in Europe so far show gains Tuesday of 1.7% in Italy, 1.6% in Britain, 1.5% in France and Spain and 1.1% in Germany.  There is some speculation that […] More