Thursday, November 8, 2012

DailyMarkets.com - Why Did Obama Win?

DailyMarkets.com - Why Did Obama Win?

Why Did Obama Win?

Posted: 08 Nov 2012 06:29 AM PST

With the dust having settled on the election (and another storm here in the northeast having left its mark) the question begs, "why did President Obama win?"  Paid political pundits will proffer a whole host of reasons for Obama's victory. Why? That is what they do and they need to keep their viewers and readers engaged so they can pay their bills.
Let me put forth the reason that I believe why Obama won. I am fairly certain that you will not hear my reason for Obama's victory on … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Zone Economy To Remain Weak In 2013 – ECB

Posted: 08 Nov 2012 06:16 AM PST

    The economy of the 17 nations that share the single euro currency is weak and the European Central Bank (ECB) expects growth to remain weak next year.
    The ECB, which earlier held its benchmark refinancing rate unchanged at 0.75 percent, said inflation is expected to remain above 2.0 percent for the rest of 2012, due to high energy prices and taxes, but then fall below that level next year and remain in line with the bank’s price stability target.
  … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Nov 8, 2012: China Economy Improving, Policy Flexible: Central Bank

Posted: 08 Nov 2012 05:54 AM PST

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.

China economy improving, policy flexible: central bank (Reuters)
Bank of Canada’s Carney says has no plans to enter politics (Reuters)
Peru probably will keep 4.25% rate as focus turns to curbing … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Your Behind And Creditors Want Their Money Now – What To Do

Posted: 08 Nov 2012 05:52 AM PST

… [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Serbia Raises Rate 20 Bps, Drops Warning Of New Hikes

Posted: 08 Nov 2012 05:37 AM PST

    Serbia’s central bank raised its key policy rate by another 20 basis points to 10.95 percent to reduce growing inflationary pressure and prevent higher food prices from spilling over to other prices.
    The National Bank of Serbia, which has raised rates five times this year for a total increase of 1.45 percentage points, said this increase should help reduce inflation to the bank’s target by the end of 2013, dropping its warning from last month that it may have to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ECB Holds Interest Rates Steady, As Expected

Posted: 08 Nov 2012 05:05 AM PST

    The European Central Bank (ECB) held its benchmark interest rate on refinancing operations steady at 0.75 percent, as expected.
    The ECB, which also held the rate on the marginal lending facility steady at 1.50 percent and the deposit facility at 0.0 percent, had expected by economists to remain on hold but then cut rates over the next few months to help stimulate the euro area’s weak economy.
    ECB President Mario Draghi will explain the bank’s decision … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Indonesia Holds Rate, Says Economic Growth Sound

Posted: 08 Nov 2012 04:52 AM PST

    The central bank of Indonesia held its benchmark BI rate steady at 5.75 percent, as expected, saying inflation is expected to remain low and within the bank’s target range and economic growth remains sound, despite a slight slowdown from lower exports.
    Bank Indonesia, which cut its rate by 25 basis points in February, said the country’s external balances had improved, with the current account deficit narrowing to 2.4 percent of Gross Domestic Product in the third … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

UK Keeps Rate And Asset Purchase Program Unchanged

Posted: 08 Nov 2012 04:25 AM PST

    The Bank of England held its interest rate and the size of its asset purchase program steady, as expected.
    The BOE said in a brief statement after a meeting of its Monetary Policy Committee that the official Bank Rate that is paid on commercial bank reserves would remain at 0.50 percent and the stock of assets purchased by the issuance of central bank reserves at 375 billion pounds.
    The BOE has held its bank rate unchanged since March 2009, when it also … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Malaysia Holds Rate, Economy Offsets Weak Global Demand

Posted: 08 Nov 2012 04:03 AM PST

    The central bank of Malaysia held its benchmark Overnight Policy Rate steady at 3.0 percent, as expected, with the bank saying it considers that rate to be “accommodative and supportive” of the domestic economy which continues to offset the weak global economy.
    Bank Negara Malaysia (BNM), which has held its OPR (OPR) unchanged since June 2011, said headline inflation is expected to remain moderate for the rest of the year and while if may increase in 2013, it is … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Commodities: All Eyes On ECB Amid Hopes For Stimulus Measures

Posted: 08 Nov 2012 01:00 AM PST

Commodities may rise if the ECB hints it is preparing to introduce stimulus measures to battle deepening Eurozone recession, buoying risk appetite.
Talking Points

Crude Oil, Gold to Rise if ECB Hints at Stimulus Measures Ahead
Trade Balance, Jobless Claims Headline Quiet US Economic Calendar

Metals are treading water while crude oil is mounting a cautious corrective recovery after yesterday's aggressive selloff in early European trade. All eyes are on the European Central Bank interest rate … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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