Welcome to Lloyds TSB International Private Banking - Miami
Thursday, July 03, 2008
US bottom line
Markets continued to fall during the week while some economic releases showed that the FED may keep interest rates on hold. The NASDAQ and Dow Jones Industrial Average are already considered to be on a bear market by most investors....
Europe bottom line
Europe’s largest inflation in 16 years prompted the European Central Bank (ECB) to raise interest rates by a quarter of a point on Thursday. Surprisingly, equity and fixed income markets reacted positively to the announcement....
Asian bottom line
Australia’s benchmark S&P ASX 300 Index felt 4.16% this week led by mining and property trusts while Beijing Olympic organizers are looking for alternatives to fight against some plagues in the region....
Latin America bottom line
Colombia’s foreign credit rating was raised one level by Moody’s, luring capital to the market. Mexico’s benchmark interest rate was unexpectedly raised by the Central Bank in an effort to fight inflation....
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