Archive for May 10th, 2022

Central Bank Watch

National Bank of Romania’s Policy Interest Rate Raised 75 Basis Points to 8-Year High of 3.75%

May 10, 2022

While Federal Reserve officials have been talking the talk of an expeditious tightening of monetary policy, many other central banks have been actually walking the walk. The National Bank of Romania is one of these. Today’s announced Romanian interest rate hike was the largest in a string of six increases since October. In all, the […] More

New Overnight Developments Abroad - Daily Update

Market Pounding Lets Up but Respite Unlikely to Endure

May 10, 2022

Following Monday’s serious damage that saw the SPX and Nasdaq close 17% and 28.2% below their cyclical highs, U.S. stock futures show overnight gains of ranging from +0.6% in the DOW and 0.7% in the S&P 500 to 1.1% in the Nasdaq. Pac Rim equities today had mostly followed America’s downward lead from Monday, with […] More