Tuesday, July 24, 2012

DailyMarkets.com - Central Bank News Link List – July 24, 2012

DailyMarkets.com - Central Bank News Link List – July 24, 2012


Central Bank News Link List – July 24, 2012

Posted: 24 Jul 2012 05:40 AM PDT

    Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list is updated during the day with the latest news about central banks so readers don’t miss any important developments.

Uruguay raises reserve requirements due inflation (Reuters)
New BOJ board member: may need new easing approach on deflation … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Barclays Libor Scandal: Naming Names

Posted: 24 Jul 2012 05:38 AM PDT

When battling wildfires, firefighters will very often scorch the earth and sacrifice acreage and property as a defensive mechanism against the wildfire taking over and destroying even more valued territory.
As I review recent developments in the scandalous Libor "wildfire," a mental image of that defensive strategy runs through my head. Why is that?
With news of pending arrests in this case, we awake this morning to see a number of individual names released by The Wall Street Journal as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Hungary Leaves Interest Rate Unchanged At 7%

Posted: 24 Jul 2012 05:17 AM PDT

    Hungary’s central bank left its central base rate unchanged at 7.0 percent, as expected.
    In a statement, the Magyar Nemzeti Bank did not provide any further details, but the bank president will address a news conference later in the day.
    Hungary’s government started talks last week with the International Monetary Fund and the European Union on financial aid. The talks had been held up due to concern over laws that threatened the independence of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Commodities Outlook Clouded As Risk Trends Weigh Competing Forces

Posted: 24 Jul 2012 02:32 AM PDT

Talking Points

Crude Oil, Copper to Track Stocks as Risk Trends Look for Direction
Gold and Silver Continue to Find Link to Sentiment Via the US Dollar

Commodity prices are showing mixed results in early European trade as traders weigh competing catalysts on the economic data and Eurozone debt crisis fronts. July'sflash estimates of Eurozone PMI figures hinted the pace of contraction in region-wide manufacturing- and service-sector activity maybe stabilizing. A similar result is expected … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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