Archive for July 7th, 2016

Foreign Exchange Insights and Next Week

A Meaningful Financial Market Reaction to the British Vote

July 7, 2016

It was said by proponents of Britain leaving the European Union that predictions of dire financial market and real economic consequences were vastly overstated and that any repercussions would be fleeting and overall inconsequential.  Two weeks of post-referendum experience say otherwise. Sovereign debt yields have tumbled, suggesting an elevated risk of recession, the possibility of […] More

Central Bank Watch

National Bank of Serbia

July 7, 2016

Serbia’s central bank policy interest rate was cut to 4.0% today from 4.25%, where such had been since a similar-sized cut in February.  The rate was previously reduced by 3.5 percentage points in seven moves during 2015.  A statement released by monetary officials today stressed that expected inflation has been falling and that lower inflation […] More

New Overnight Developments Abroad - Daily Update

Investors Less Anxious

July 7, 2016

Investor around the world have grown more accustomed to the prospect of the U.K. leaving the EU. Share prices in the Pacific Rim rose 1.2% in Hong Kong, 1.1% in South Korea and 0.8% in Taiwan but slipped 0.7% in Japan.  In Europe, stocks have risen by 1.4% in Britain, 1.3% in France, 1.1% in […] More