Wednesday, September 5, 2012

DailyMarkets.com - Commodities At Risk As Growth Fears Weigh On Risk Trends, Boost Dollar

DailyMarkets.com - Commodities At Risk As Growth Fears Weigh On Risk Trends, Boost Dollar

Commodities At Risk As Growth Fears Weigh On Risk Trends, Boost Dollar

Posted: 05 Sep 2012 01:52 AM PDT

Talking Points

Crude Oil, Copper Set to Follow Stocks Lower on Global Slowdown Fears
Gold and Silver Vulnerable as Risk Aversion Stokes Demand for US Dollar

Commodity prices are under pressure in European trade as global slowdown fears stoke risk aversion across financial markets in the wake of disappointing economic news-flow over the past 24 hours. The ISM Manufacturing gauge unexpectedly showed factory-sector activity shrank again in August, the composite Eurozone PMI gauge was revised … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Thailand Keeps Rate Steady, Economy Remains Robust

Posted: 05 Sep 2012 01:36 AM PDT

    The Bank of Thailand (BoT) kept its policy rate unchanged at 3.0 percent, as expected, saying the domestic economy remained robust despite a higher drag on activity from slower global demand.
    Two of the members of the Monetary Policy Committee voted to cut the policy rate by 25 basis points while three members voted to maintain the rate, which has been unchanged since January, when it was cut by 25 basis points. Last month two members also voted to cut … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Fiji Leaves Interest Rate Steady, Economy Positive

Posted: 05 Sep 2012 01:14 AM PDT

     The central bank of Fiji left its Overnight Policy Rate (OPR) unchanged at 0.5 percent as the domestic economy remain healthy despite the softening in the global economy.
     "The global growth outlook remains clouded by underlying problems in the Euro zone and the associated flow-on effects on its trading partner economies. Having picked up in the early months of 2012, growth in the world economy has since softened," the Reserve Bank of Fiji said in a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Sept 5, 2012

Posted: 05 Sep 2012 12:50 AM PDT

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

PBOC takes major step towards liberalizing rate regime (Reuters)
Kazakh c.bank sees no immediate interest rate cut (Reuters)
Lending gaps challenge central bank (WSJ) (euro … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Another Indicator In The Danger Zone

Posted: 04 Sep 2012 07:46 PM PDT

Aside from the fact that the Institute for Supply Management’s manufacturing index remained below 50% for the third straight month, indicating that the U.S. factory sector is in trouble, the ratio of the ISM new orders sub-index to the headline index has slid towards levels that have often coincided with broad economic downturns. Admittedly, there have been a few false signals over the past three decades, but given other reports we’ve seen lately, today’s data lends further weight to the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Tuesday Night Links

Posted: 04 Sep 2012 07:16 PM PDT

1. Northwest Natural Gas Co. has asked Oregon regulators for permission to reduce rates for residential customers by 8% and commercial users by 9%.  The Portland-based company also filed a request in Washington to curb residential rates there by 9% and commercial rates by 9.5%, because of the “oceans of natural gas” in the U.S. and historic low prices.  Interesting that the company has to actually ask permission from the government to lower natural gas prices and save consumers … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

An Inflection Point For Europe?

Posted: 03 Sep 2012 12:03 AM PDT

In a post last week, I had written about how the ECB was getting ready to unleash a round of bond buying (see The “wealthy white people” come through). The actions of the ECB must nevertheless be regarded as a temporary, kick the can down the road solution.

The real solution has to come from the politicians. The issue that plagues the eurozone has long been characterized as a lack of competitiveness between the North and the South, which appears to be to be an intractable problem. The … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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