Wednesday, December 12, 2012

DailyMarkets.com - Namibia Holds Rate, Rate Help Cushion Slow Global Growth

DailyMarkets.com - Namibia Holds Rate, Rate Help Cushion Slow Global Growth

Namibia Holds Rate, Rate Help Cushion Slow Global Growth

Posted: 12 Dec 2012 06:52 AM PST

    Namibia’s central bank held its benchmark repo rate steady at 5.50 percent, saying low interest rates should be maintained to cushion the impact of slower growth in many trading partners.
    Despite fragile global growth and the uncertain outlook, the Bank of Namibia said domestic growth remained relatively strong and inflation “remains at tolerable levels” although it was rising.
    In August the central bank cut its rate by 50 basis points to counter the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Bearish USDA Report For Wheat, Leads Grain Market Slump

Posted: 12 Dec 2012 06:18 AM PST

Wednesday, December 12, 2012
Weak U.S. Wheat exports continue to weigh on Wheat futures prices, despite concerns of drought conditions in the central and southern plains. These weather issues may turn many Wheat traders’ focus to the inter-commodity spreads, as growing conditions for Soft Red Winter Wheat (traded in Chicago) are much improved over that for Hard Red Winter Wheat (traded in Kansas City).
Fundamentals
Neutral carry-out data from the USDA for Corn and Soybeans was overshadowed by … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Libor Scandal Et Al: The True And Total Cost

Posted: 12 Dec 2012 05:29 AM PST

Would it be even possible to measure the total cost of the manipulation of Libor? A basis point here, a few basis points there and nobody really gets hurt, right? No, not right.
The simple fact is the manipulation of the most widely tracked short term interest rate in the world comes with the same very real costs attached to all forms of corruption, including the money laundering scandals at HSBC, Standard Chartered and who knows how many other institutions.
What are these costs? 
Say … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Dec. 12, 2012: Fed Set To Expand Its Monetary Stimulus

Posted: 12 Dec 2012 05:27 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.)

Fed set to expand its monetary stimulus (Reuters)
Singapore’s growth rate slows to 1.5 percent in 2012: c.bank survey (NZweek)
BOE chief economist pours cold water on nominal GDP … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Iceland Holds Rate Steady, Changes Depend On Wage Rises

Posted: 12 Dec 2012 04:52 AM PST

    The Central Bank of Iceland kept its benchmark seven-day collateralised lending rate steady at 6.0 percent, as expected, and said future interest rate changes would depend on the outcome of wage negotiations.
    The central bank, which has raised rates five times this year, said economic developments had been in line with its November forecast, the exchange rate was stable and inflation as expected.
    Iceland’s inflation rate rose to 4.5 percent in November … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Crude Oil, Gold May Fall As Fed Disappoints Dovish Bets

Posted: 12 Dec 2012 01:01 AM PST

The Federal Reserve may disappoint financial markets' expectations for ramp-up in stimulus efforts, sending crude oil, copper, gold and silver prices downward.
Talking Points

Crude Oil to Follow Stocks' Response to FOMC Rate Announcement
Gold, Silver to Turn Lower if Fed Disappoints on Dovish Expectations

All eyes are on the Federal Reserve monetary policy announcement. At the heart of the decision is the fate of "Operation Twist" – a program designed to refocus the Fed's QE1/QE2 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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