Friday, October 5, 2012

DailyMarkets.com - Russia Keeps Rate On Hold, Warns Inflation Exceeds Target

DailyMarkets.com - Russia Keeps Rate On Hold, Warns Inflation Exceeds Target

Russia Keeps Rate On Hold, Warns Inflation Exceeds Target

Posted: 05 Oct 2012 03:00 AM PDT

    The central bank of Russia held its refinancing rate unchanged, warning that inflation continues to rise and there is only a minor risk of economic slowdown from the tight monetary conditions.
    The Bank of Russia, which surprised markets last month by raising its key rate by 25 basis points to 8.25 percent, said higher prices in recent months were mainly due to higher food prices and increases in regulated prices and tariffs.
    “However, the continued … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Forex Trading: Investors Eagerly Awaiting US Non-Farm Payrolls

Posted: 05 Oct 2012 01:08 AM PDT

Investors Eagerly Awaiting US Non-Farm Payrolls
The euro saw upward movement against its main currency rivals yesterday, after the ECB announced that euro-zone interest rates would remain unchanged at 0.75%. Meanwhile, risk taking among investors helped the price of crude oil stage a minor upward correction after falling more than $4 earlier in the week. Today, traders can anticipate significant market volatility following the release of the all-important US Non-Farm Payrolls figure. Analysts … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Oct. 5, 2012: IMF Cuts Global Growth Forecast To 3.3% In 2012

Posted: 05 Oct 2012 12:23 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.

IMF cuts global growth forecast to 3.3% 2012; 3.6% 2013: press (MNI)
RBS said to suspend trader over interest rate rigging (Bloomberg)
St Louis Fed’s Bullard: ‘Signature shows US Mon Pol … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Bank Of Japan Keeps Rate, Asset Purchase Size Unchanged

Posted: 04 Oct 2012 11:48 PM PDT

    The Bank of Japan (BOJ) held interest rates unchanged and maintained the size of its Asset Purchase Program, as expected, saying the country’s economy was currently leveling off but should return to moderate growth, helped by firm domestic demand and a gradual improvement in overseas economies.
    The BOJ, which last month expanded the size of its asset purchases by 10 trillion yen to 80 trillion, said it still faces the challenge of overcoming inflation and returning … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Commodities Vulnerable As All Eyes Turn To US Jobs Report

Posted: 04 Oct 2012 11:00 PM PDT

Commodities appear vulnerable as markets turn their attention to the US jobs report, with leading indicators warning the payrolls print may fall short of expectations.
Talking Points

Crude Oil, Copper May Follow Stocks Lower on Soft US Employment Data
Gold and Silver Could Face Selling Pressure if Jobs Report Boosts US Dollar

All eyes are on the US Employment report in the final hours of the trading week. Expectations point to 115,000 increase in payrolls in September, marking a slight … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Curious Case Of The American Consumer

Posted: 03 Oct 2012 12:42 AM PDT

In my last post, I highlighted rising consumer confidence as one of the reasons to be bullish (see The bull case is still intact). The continuing strength of the American consumer has been a puzzle to me, as this has been an incredibly anemic recovery. This chart from Doug Short shows how employment growth has lagged past recoveries.

Despite taking all these hits, the American consumer is not on his back. Doug Short also highlights how important consumer spending is to the American economy. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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