Archive for June 11th, 2019

Central Bank Watch

50 Basis Point Central Bank Rate Cut in Chile

June 11, 2019

The Central Bank of Chile last Friday unexpectedly cut its benchmark interest rate by 50 basis points to 2.50%, the lowest level sinceĀ  a 25-basis point hike in January. The policy reversal returns the key interest rate to the low prevailing from May 2017 until October 2018. According to a officials, one should not infer […] More

New Overnight Developments Abroad - Daily Update

Equities Rally Further… Dollar Narrowly Mixed

June 11, 2019

Equities advanced in the Pacific Rim by 2.6% in China, 1.6% in Australia, 0.9% in Hong Kong and 0.3% in Japan. In European trading thus far, stocks have risen 1.3% in Germany, 1.0% in Switzerland, 0.9% in Italy, 0.8% in France and 0.5% in the U.K.. European data reflect continuing concern about trade tensions. The […] More