The Morning Morsel-China Raises Reserve Requirement
- Posted by UpsideTrader
- on February 12th, 2010
China just raised their reserve requirement for the second time in a month and announced that they will be spending less now on infrastructure and will focus more on health care and education.
The dollar rose on the news, so commodities should be in “give back” mode this morning. Gold and oil are lower. The Euro also declined to around 1.355.
Retail sales for January will be released today at 8:30.
Rome was blanketed with the heaviest snowstorm in 25 years and the Colosseum was closed.
Have a great day.
Friday, February 12, 2010
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
blog comments powered by Disqus-
Joe was on Wall St, for twenty five years and his career took him to the retail, institutional and capital markets... More »
-
-
-
-
Archives
-
