Seventh Canadian Central Bank Rate Cut Since June 2024 March 12, 2025 At 2.75%, the Bank of Canada‘s policy interest rate will be 225 basis points below its former cyclical peak of 5.0% from July 2023 to June 2024. That cumulative decline was more than double the one percentage point reduction of the federal funds…
Some Reprieve in the Panic But Uneasiness Lingers March 12, 2025 U.S. stock futures were up 0.5-1.0% about an hour before the release of U.S. consumer price figures. In currency trading, the dollar rose 0.6% against the yen despite Bank of Japan Governor Ueda dispelling any notion of imminent direct intervention. He said recent yen…
Where’s the Bottom? March 11, 2025 Stock market action today has featured some tepid bottom-fishing after Monday’s debacle. In pre-open futures, the DOW, SPX and Nasdaq each bounced 0.3% higher. In Europe, the British Ftse and German Dax are up 0.2% so far, but French and Italian equities are just flat. Japan’s Nikkei closed 0.6%,…
What a Stock Market Difference Trump 2.0 Makes March 10, 2025 During the first seven weeks after Donald Trump took office as the 45th president of the United States, the S&P 500, Dow Jones Industrials, and Nasdaq respectively logged gains of 4.6%, 5.4% and 5.5%. And so began what proved to be multiple years of…
Persistent Market Nervousness about U.S. Policy Changes March 10, 2025 (201) U.S. stock market futures show a decline of more than 1% this Monday, and the weighted dollar index has eased another 0.2%, bringing the decline since end-February to 3.4%. The yen gained 0.6% against the dollar overnight. While the 10-year Treasury yield has fallen…
In a surprising turn of events, Egypt’s Consumer Price Index (CPI) experienced a significant decline, with the rate dropping remarkably from the previous month’s figure. The CPI, which serves as a key indicator of inflation, plummeted to 12.80% in February 2025, a drastic reduction from January’s 24.00%, as per the latest data updated on 10…
In an unexpected turn of events, China’s Consumer Price Index (CPI) for February 2025 has fallen sharply to -0.7%, marking a significant decline from January’s recorded 0.5%. This development, updated on March 9, 2025, highlights a notable economic shift as the country grapples with fluctuating economic dynamics. The year-over-year comparison shows that the CPI has…
Colombia’s Consumer Price Index (CPI) experienced a slight increase in February 2025, rising to 5.28% from 5.22% in January, indicating a modest upward trend in the country’s inflation rate. This information, updated on March 7, 2025, underscores the shifting economic conditions as compared to February last year. The rise in the CPI marks a year-over-year…
Next Week’s Menu: March 8-14, 2025 March 7, 2025 Central Banks: Monetary policy reviews are scheduled inb Canada, Poland, Uzbekistan, Serbia and Peru. The Bank of Canada will publish its quarterly Monetary Policy Report with updated forecast, and Governor Macklem will hold a press conference afterward. ECB President Lagarde and Council members Lane, Nagel, De…
Central Bank Rate Changes in Turkey, Kazakhstan and Euroland March 7, 2025 Authorities at the National Bank of Kazakhstan lifted their policy interest rate today by 125 basis points to 16.5%, just 25 basis points south of the past cyclical high of 16.75% from December 2022 until August 2023. The rate had subsequently been cut…