Euroland CPI and trade
Central Bank Decisions in the U.K., Ukraine and Switzerland.. Now Awaiting U.S. Data
September 15, 2016
The Bank of England left monetary policy unchanged, acknowledged better-than-expected short-term U.K. indicators since the August meeting, but left the door open to a possible further interest rate cut. The National Bank of Ukraine reduced its policy interest rate by 50 basis points to 15.0% and indicated likely further easing if and as inflation recedes. […] More
No Respite from Volatility
October 16, 2014
The dollar and yen were well bid overnight. Japan’s currency climbed 0.3% against the greenback, which otherwise advanced 1.3% relative to the Australian dollar, 0.9% vis-a-vis the kiwi, 0.8% against the loonie, 0.6% versus the euro and Swissie but just 0.1% against sterling. Stocks slumped overnight by 2.2% in Japan, 1.4% in Singapore, 1.3% in […] More
Hot Air and More Black Smoke from the U.S. Congress
October 16, 2013
The Fitch rating agency placed U.S. sovereign debt on Watch Negative, claiming that permanent damage may already have begun. After the U.S. House of Representative again failed to take a vote, effort reverted to the Senate. Although a deal with agreement by both chambers before the original debt ceiling deadline of October 17 (Thursday) seems […] More
