Monetary Collusion Masking A Vulnerable Aussie Dollar
Jack Crooks: This week global central banks announced a coordinated effort to inject liquidity into credit markets. From Reuters : “The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland announced on Wednesday coordinated global action to provide liquidity to the financial system, lowering the price on existing dollar swaps.” As frequently as these monetary powers must work together in world-saving plans, this is only the third instance of this particular type of announced collusion. The first was in December 2007.
Hedging With Discretion
Dozens of articles have touted the benefits of hedging in a market like the one we’ve experienced in the past weeks. And there’s no doubt that hedging provides insurance in a volatile market
MSCI Rolls Out New Overseas China Indexes
MSCI, the world’s premier provider of international indexes, this week launched a new series of China-focused indexes that include China-based companies whose shares aren’t listed in China and aren’t yet in any MSCI China indexes, including firms such as China’s Google, Baidu. The MSCI Overseas China Indices are designed to capture the investable universe of Chinese securities outside Greater China, covering Chinese securities listed on the NYSE Euronext – New York, Nasdaq, New York AMEX and the Singapore Exchange, MSCI said in a press release