Wednesday, 22 September 2010

22.09.2010

It was a down day on the Nordic markets as comments from FED and Bank of England were chewed for a while longer and Euro-zone manufacturing signals were a little more mixed. Gold bubble is inflating handily. At the moment we are not yet in a territory, were it will break down with a bang but for now it looks like we will get there.

Due to technical difficulties (yeah yeah computer failure),the daily report will be short and posted late until I can have a "new old" computer. Since this is not exactly bringing in dough and
same goes for the day job, it may take a while to get something on the cheap.

As communicated on their webpage, the Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to lower the Bank’s interest rates by 0.75 percentage points. Norway's central bank the Norges Bank decided to keep its key rate unchanged at 2.0%.

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