Archive for May 25th, 2016

Central Bank Watch

Bank of Canada

May 25, 2016

The Canadian central bank overnight interest rate target was left unchanged as expected.  It’s been 0.50% since the second of two 25-basis point cuts last July.  The first one was done in January, and those were the only changes since a trio of consecutive tightenings in June, July and September of 2010.  A statement explaining […] More

New Overnight Developments Abroad - Daily Update

Several Pieces of Good News

May 25, 2016

Yesterday’s strong performance in North American equities carried over into Pacific Rim and European markets today.  Japan’s Nikkei closed 1.6% higher.  Shares also climbed 2.7% in Hong Kong, 2.3% in India, 1.5% in Australia, 1.3% in Indonesia, 1.2% in South Korea and Taiwan and 0.7% in New Zealand.  The Shanghai composite index dipped 0.2%, however, […] More