Deeper Analysis
September and the Third Quarter in Figures
September 30, 2013
The dollar traded lower in September except against the yen. Share prices advanced pretty strongly, and bond yields settled back, spurred by the Fed’s surprise decision not to taper just yet. The prices of gold and oil fell. During the third quarter, equities climbed, but the dollar eased against the currencies covered in this feature. […] More
Central Bank Watch
National Bank of Colombia Eases Again
September 30, 2013
Colombia’s monetary policy rate had held steady at 5.25% for fifteen months, but easing resumed in the third quarter of 2013 with cuts of 25 basis points at the start of July, 50 bps in August and another 25 bps to 4.25% today. An accompanying statement explains, “The resumption in disinflation has enabled a new […] More
New Overnight Developments Abroad - Daily Update
Lots of Monthend Data and a Likely U.S. Government Shutdown Tomorrow
September 30, 2013
Stocks were whacked overnight in Asia and Europe on prospects for a shutdown of the U.S. federal government. Share prices plunged 3.0% in the Philippines, 2.4% in Indonesia, 2.1% in Japan, 1.8% in India, 1.7% in Australia, 1.5% in Hong Kong, 1.3% in Singapore, and 1.0% in New Zealand. Losses thus far in Europe amount […] More
