Bank of England minutes
Spotlight on Japan
September 19, 2012
The Bank of Japan expanded quantitative stimulus but did not exceed market expectations. The actions taken by the Policy Board of the BOJ depressed the yen to as low as 79.23 per dollar, but its net overnight drop was just 0.3% against the dollar. The greenback also rose 0.3% against the euro, 0.2% relative to […] More
Lower Long-Term Interest Rates and a Focus on Monetary Policies
July 18, 2012
The yields on 10-year German bunds, British gilts and Japanese JGBs edged down by three, two and one basis points. A drop is also signaled in U.S. Treasury yields. Over the month since June 18, German bund and British gilt yields have dropped by 21 and 18 basis points. Treasury and JGB yields are down […] More
Focus Shifts to FOMC Meeting from Los Cabos Summit
June 20, 2012
The G20 summit in Mexico wound down with words of commitment from European delegates to fix their problems and preserve the common currency as well as expressions of support from other world leaders for efforts being taken. Typically, there was more talk than actual action. Attention next turns to today’s FOMC meeting and Chairman Bernanke’s […] More
Stronger Yen and Sharply Lower Share Prices
May 23, 2012
Equities have plunged 2.0% in Japan, 1.8% in Taiwan, 1.5% in Singapore, 1.3% in Australia and Hong Kong, 1.1% in South Korea, 1.0% in Indonesia, 0.6% in India and New Zealand and 0.4% in China. In Europe, mounting fear surrounding Greece’s options saw stocks drop by 2.2% in France and Spain, 3.0% in Italy, 2.0% […] More
Better Market Tone of Yesterday Holding So Far… A Big ECB 3-Year Infusion of Bank Liquidity Helped
December 21, 2011
Equities in the Pacific Rim mostly rose, advancing 4.6% in Taiwan, 3.4% in South Korea and India, 2.1% in Australia, 2.3% in Singapore, 1.9% in Hong Kong, 1.5% in Japan and 1.4% in Malaysia. An exception to the trend was a 1.6% drop in Chinese share prices, but in Europe, stocks have recovered by a […] More
Spotlight on Fed and Other Central Banks
January 26, 2011
The Federal Open Market Committee meets today for the first of eight scheduled dates in 2011. A statement at 19:15 GMT is not expected to modify policy. Minutes from the Bank of England’s January 12-13 meeting revealed a second dissenter in favor of raising the Bank Rate by 25 basis points and a majority somewhat […] More
