Deeper Analysis
World Economic Outlook (WEO)
January 25, 2016
The IMF released an update of its World Economic Outlook last week, which again reduced projected GDP growth. Officials now expect world real GDP to expand 3.4% this year, down from forecasts of 3.6% made last October and 3.8% predicted six months ago. Brazil was the object of one of the Fund’s largest downgrades, with […] More
Central Bank Watch
Bank of Israel: No Change in Interest Rate but Dovish Statement Released
January 25, 2016
Eleven months have passed since the last Israeli central bank interest rate cut, a reduction of 15 basis points to 0.10%. From a peak of 3.25%, the rate previously had been cut by 75 basis points each year from 2011 through 2014. At 0.1%, Israel is one of many central banks with either a negative […] More
New Overnight Developments Abroad - Daily Update
Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil
January 25, 2016
The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 8.0% drop in exports. From November to December, exports dived 3.8%, and imports plunged 4.0%. The trade balance was in surplus by […] More
New Overnight Developments Abroad - Daily Update
Investor Resilience in the Face of Weak German, British and Japanese Data and a 3% Drop in Oil
January 25, 2016
The Japanese yen rose 0.4% against the dollar, and the Nikkei-225 index of Japanese share prices climbed 0.9% in spite of customs clearance data showing an 18.0% on-year plunge in imports and a 0.8% drop in exports. From November to December, exports dived 3.8%, and imports plunged 4.0%. The trade balance was in surplus by […] More
