Thursday, January 10, 2013

DailyMarkets.com - Euro Climbs To One-week High Against Dollar

DailyMarkets.com - Euro Climbs To One-week High Against Dollar

Euro Climbs To One-week High Against Dollar

Posted: 10 Jan 2013 08:50 AM PST

01/10/13 The euro climbed to a one-week high against the dollar Thursday after the European Central Bank kept its benchmark interest rate … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Kenya Cuts Rate 150 Bps To 9.5% On Positive Outlook

Posted: 10 Jan 2013 08:28 AM PST

    The Central Bank of Kenya (CBK) cut its Central Bank Rate by 150 basis points to 9.50 percent, slightly more than the 100 basis points expected by economists, with the bank saying this reduction should increase the uptake of credit by the private sector and help re-align commercial interest rates.
    The CBK said the economic outlook was positive with stable inflation and foreign exchange rates, and the main risk to macroeconomic stability was a full resolution of the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Warm Weather Cools Off Natural Gas

Posted: 10 Jan 2013 08:17 AM PST

Thursday, January 10, 2013
Warm weather in the Midwest and Northeast has put a damper on Natural Gas prices. Bulls were hoping that cooler weather in the Western portion of the US could, at the very least, offset the effect the warmer weather could have on prices. Natural Gas traders once again have to face the reality that the market is simply oversupplied and will likely remain so for the foreseeable future. The Department Of Energy (“DOE”) could loosen restrictions on Liquefied Natural Gas … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Pares Opening Gains, Nokia Rallies

Posted: 10 Jan 2013 08:03 AM PST

01/10/13 US stocks opened higher but turned lower in mid-morning trade. Data from China and comments from ECB’s Draghi lifted … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Indonesia Holds Rate, Sees Stronger Growth 2013 And 2014

Posted: 10 Jan 2013 07:27 AM PST

    Indonesia’s central bank held its benchmark reference rate steady at 5.75 percent, as expected, saying the country’s economy continues to be robust and should expand this year and next while inflation remains low and under control.
    Bank Indonesia (BI), which cut its key rate by 25 basis points in 2012, said sluggish global economic growth has kept inflationary pressures at bay, but “going forward, global economic growth is forecast to improve in 2013 and 2014 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Holds Rate Steady, Still Sees Recovery Later In 2013

Posted: 10 Jan 2013 06:55 AM PST

    The European Central Bank (ECB) held its benchmark refinancing rate steady at 0.75 percent, as expected, and said the euro area’s economy is expected to remain weak but gradually recover later this year as improved financial market confidence supports domestic spending and stronger global demand helps boost exports.
    But ECB President Mario Draghi added that risks to the 17-nation euro area remain on the downside, mainly due to slow implementation of structural … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

BOE Maintains Bank Rate, Asset Purchase Program

Posted: 10 Jan 2013 06:22 AM PST

    The Bank of England (BOE) held its benchmark bank rate steady at 0.5 percent and maintained its asset purchase program at 375 billion pounds, decisions that were widely expected.
    The BOE did not release any further details of its decision but said minutes of today’s meeting of the Monetary Policy Committee would be released on Jan. 23.
    The BOE has held its bank rate steady since March 2009 and also initiated its asset purchase program at that time. The … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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