Archive for January 31st, 2014

Deeper Analysis

January in Figures

January 31, 2014

Risk aversion reared its head again in January.  Stocks fell.  Bond prices rose, sending long-term yields downward.  Commodity-sensitive and major European currencies declined, while the yen went up against the the euro as well as the dollar.  Gold, in contrast to its 28.2% plunge in 2012, rose 3.2% in the first month of 2014. 10-Yr […] More

Foreign Exchange Insights and Next Week

Next Week

January 31, 2014

Janet Yellen takes over as Fed Chairman tomorrow.  For central bank watchers, monetary policy meetings are scheduled in Australia, Euroland, Britain, Poland, the Philippines, Romania and the Czech Republic during the coming week. China remains closed for the Lunar New Year holiday on Monday and Tuesday.  New Zealand’s market is closed Thursday for the holiday […] More

Central Bank Watch

Bank of Mexico Retains 3.5% Overnight Lending Rate

January 31, 2014

Mexico’s central bank did not become the latest victim in an epidemic of emerging markets where central bank rates have been hiked to stem capital outflows, currency depreciation, mounting inflation worries.  To be sure, the peso has depreciated, and inflation has risen to 4.6% led by food and higher fiscal charges. But a statement from […] More

New Overnight Developments Abroad - Daily Update

Poor European Data Throw Investors into a Risk-Off State of Mind

January 31, 2014

Share prices lost yesterday’s traction and have so far fallen 1.3% in Germany, 1.1% in France, 1.0% in Britain, Switzerland and Spain, and 0.9% in Italy. Most Asian bourses were shut for the Lunar New Year.  The celebrations of the Year of the Horse last five days in China. Japan’s Nikkei lost another 0.6%, falling […] More