Posts Tagged “Financial”
Financial markets continued to gyrate wildly in the past month. That said, the package of support measures from European governments has helped to calm fears of imminent default in the so-called peripheral countries in the euro zone, like Greece, Ireland, Portugal and Spain. Nevertheless, a brief look at credit spreads, View full post on Long Term [...]
The uncertainty created by Europe’s sovereign debt crisis caused ripples in financial markets in the past month but, outside the region, had little effect on the pace of economic growth. Data from Canada and the US confirmed that the recoveries are underway with Canada overshooting expectations while the U.S. economy View full post on Long Term [...]
As widely predicted, financial markets have been volatile as the end of the period of extraordinary monetary and fiscal loosening draws nearer. Economic growth is picking up and becoming more entrenched in most countries. As a result of this, some central banks, like Australia and Norway, have raised rates a View full post on Long Term [...]
Mid-Day Report: Yen and Dollar Extends Rally, Financial System Stress Heightens
By admin | May 25, 2010
The Japanese yen, and to a lesser extent dollar, jump sharply higher today as global stock markets are weighed down by fear of contagion effect from Spain’s banking problems. Major European indices are down over -3% in the middle of the day before recovering mildly, following -3.0% fall in Nikkei. View full post on Action Insight [...]
Severe volatility returned to financial markets this month. Central banks had to step in once again to be the lender of last resort, with plentiful liquidity on offer to those borrowers that need it. Worries about the solvency of Greece was the proximate cause for the renewal of uncertainty and sharp reduction in volume. Securities [...]
Economic data during the past month has largely surprised to the upside confirming that the recovery is firmly entrenched. The global purchasing managers’ index for both the manufacturing and services sectors moved further into expansionary territory in April. Labour reports out of North America have swung from a heavy weight on the economic outlook to [...]