Recent Updates
- Japan: Trends in National Market for Condominiums (Jan)
- China: Retail Price Index (Jan)
- Singapore: Fixed Asset Investments (Q4)
- Australia: Overseas Arrivals and Departures (Dec)
- Korea: Import & Export Price Indexes (Jan)
- Turkey: House Price Index (Dec)
- UK: Rightmove HPI (Feb), LSL/Acadata HPI (Jan)
- Albania: Trade by Commodity (Jan-Prelim)
- more updates...
Economy in Brief
Import Prices Continue Their Decline; Both Oil and Nonoil Prices Move Lower
Import prices fell a greater-than-expected 0.5% during January (-1.7% year-on-year)...
Empire State Manufacturing Activity Improves Modestly
The Empire State Manufacturing Index of General Business Conditions rose to 8.8 during February...
EMU-16 Trade Flows and Balance
EMU-wide exports ticked lower in December as imports were flat...
U.S. Retail Sales Exhibit Extensive Weakness
Total retail sales declined 1.2% (+2.3% y/y) during December...
U.S. Producer Prices Decline; Core PPI Rises
The headline Final Demand Producer Price Index edged down 0.1% for the second consecutive month in January (+2.0% y/y)...
by Louise Curley January 22, 2008
After a day of record declines in stock markets around the world, the Fed announced, in an emergency move, a 75 basis points cut in its benchmark interest rate from 4.25% to 3.50% today. This is the largest cut since the Fed began, in 1990, to use this rate as its principal tool of monetary policy.
Daily prices of many of the stock markets of the world can be
found in the Haver data base, INTDAILY.
We have
attached five charts showing daily stock price changes in selected
countries in five areas of the world: Western Europe, Eastern Europe,
Asia, South America and the Midlle East. The random nature of the day
to day stock price changes make for messy charts, but unusual movements
such as occurred yesterday do stand out. It should be noted, too that
in several countries, similar stock price declines occurred last
August, when the sub prime crisis was first surfacing.
The reaction of U.S. and foreign investors to the Fed's dramatic move can be monitored using the high frequency data in the Haver data bases, DAILY and INTDAILY. These data bases contain daily data on interest rates, exchange rates, stock markets and commodity prices
STOCK MARKETS | Percent Decline January 21, 2008 |
---|---|
United Kingdom | 5.27 |
Germany | 7.16 |
France | 6.83 |
Italy | 5.09 |
China | 5.20 |
India | 7.81 |
Japan | 3.86 |
South Korea | 2.95 |
Russia | 7.38 |
Poland | 6.73 |
Latvia | 4.57 |
Czech Republic | 4.62 |
Brazil | 6.60 |
Argentina | 5.68 |
Mexico | 5.35 |
Chile | 4.30 |