Investing Money

[BOC HIKES RATES BY 25 BPS] The BOC has raised its O/N Target Rate by 25 BPs to 1.00%. The Bank Rate has been increased to 1.25% and the operating band is 0.75% to 1.25%. A 25 BPs hike had been expected. The Bank says that any...

[USD/CAD] has spiked lower as the Bank of Canada hikes rates 25 basis points to 1%, but further falls are likely to be limited as they say that any further hikes would need to be carefully considered due to the unusually...

EUR/USD Mid-Day OutlookDaily Pivots: (S1) 1.2852; (P) 1.2886 (R1) 1.2906; More.EUR/USD'[s fall from 1.2921 extends further to as low as 1.2735 so far today. The break of 1.2776 minor support indicates that choppy recovery from 1.2587 is finished at 1.2916...

[NORWAY DATA FLASH] Indicator For Actual Consensus Previous NOR Manuf Prod NSA Y/Y Jul-10 6.6% N/A 7.2% NOR Manuf Prod SA...

[IBERIAN ASSAULT NEXT?] Just when some thought the EMU periphery crisis was stabilising, albeit aided by severe austerity & ongoing ECB support, old wounds have resurfaced. As holiday-makers return from Greece noting empty...

[MANPOWER US HIRING POLL] Of 18,000 employers surveyed, the vast majority at 71% expect no change in Oct-Dec hiring plans. Another 15% plan to expand staff, while 11% look to cut payrolls and 3% as undecided. That resulted in a Net...

[CONFLICTING SIGNS] on the UK High St are alive & kicking over the late summer months it appears. The good or less bad news came o/n, as the BRC said like-for-like sales rose 1% y/y in Aug, though much of the improvement...

FT highlights that the [EUROZONE] debt crisis is about to enter a critical phase as govts attempt to raise some Eur 80bn in September, double of August's new bond issuance of Eur 43bln. The article says that peripheral...

Pressure is piled onto the [EMU PERIPHERY] as the BoJ notes that Greece was in worse shape than Russia & Argentina at debt crisis times

[PRE RBA] There is a zero chance RBA will hike rates tdy. However volatile trade could ensue on the tone of the 4.30GMT statement, given that the curve remains mildly negative, with less than one hike now priced over the next...