Wednesday, October 24, 2012

DailyMarkets.com - Dow Rebounds Slightly, Facebook Rallies, & Dow Chemicals Earnings Leak

DailyMarkets.com - Dow Rebounds Slightly, Facebook Rallies, & Dow Chemicals Earnings Leak


Dow Rebounds Slightly, Facebook Rallies, & Dow Chemicals Earnings Leak

Posted: 24 Oct 2012 03:27 AM PDT

10/24/12 Global stocks were slightly higher Wednesday following yesterday’s steep drop as Facebook rallied. Meanwhile, Dow Chemicals’ earnings leaked early as it announced that it would cut jobs and shutter plants as 3Q profits … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Wall Street Opens Higher, FB Rallies

Posted: 24 Oct 2012 08:23 AM PDT

10/24/12 After Tuesday’s selloff, US stocks were modestly higher in midweek trade. Following the latest earnings report, Boeing and Facebook shares traded … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Georgia Keeps Rate On Hold, Still Sees Inflation On Target

Posted: 24 Oct 2012 08:10 AM PDT

    The central bank of Georgia kept its refinancing unchanged at 5.75 percent, confirming that it still expects inflation to hit the bank’s target in the medium term and the output gap remains insignificant.
     The National Bank of Georgia, which has cut its rate four times this year for a total reduction of 100 basis points, said there were no signs of the economy overheating and demand-side pressure on prices.
    Georgia’s Gross Domestic Product … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Namibia Keeps Rate On Hold, Warns About Household Debt

Posted: 24 Oct 2012 07:51 AM PDT

    The central bank of Namibia kept its repo rate unchanged at 5.50 percent to support economic activity at a time of weak global growth, but signaled concern over rising household debt.
    The Bank of Namibia’s Monetary Policy Committee, which cut its benchmark rate by 50 basis points at its last meeting in August, said there were signs of improvement in the economy of major trading partners in the next six to nine months, but overall the medium-term outlook was … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Central Bank News Link List – Oct. 24, 2012: Bernanke Seen Attacking Jobless Rate With QE Through 2013

Posted: 24 Oct 2012 06:44 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.

Bernanke seen attacking jobless rate with QE through 2013 (Bloomberg)
Draghi defends bond purchases with warning of deflation risk (Bloomberg)
EU to mull plan to bring non-euro states into … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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