After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
French output takes a knock May 10, 2011 French industrial output unexpectedly declined by 0.9 per cent in March, including a percentage point drop in manufacturing, it was revealed yesterday. Manufacturing remains up 6.3 per cent from the same time last year, while February’s growth was revised up to 0.9 per cent by statistics office INSEE.
Inflation on the up in Norway May 10, 2011 The Norwegian consumer price index inflation ticked higher in April, from an annualised one per cent to 1.3 per cent, increasing chances of further rate hikes.
Swiss price pressures remain low May 10, 2011 Swiss inflation was softer than expected in April as the strong Swiss franc helped to keep a lid on prices, dousing expectations that the Swiss National Bank will raise interest rates in the near term. Consumer prices rose 0.3 per cent from a year ago and were 0.1 per cent higher compared with the previous [...]
Italian industry slows in March May 10, 2011 In Italy, industrial expansion slowed to a 0.4 per cent rise in March, down from February’s monthly growth of 1.5 per cent.
Mixed news for US firms’ morale May 10, 2011 Economic optimism advanced in the US this month, although a separate survey showed a decline in confidence among small businesses. The National Federation of Independent Business’s index slipped 0.7 points, despite a two point rise in the IBD/TIPP Economic Optimism Index. Meanwhile import cost growth slowed to 2.2 per cent in April, and wholesales rose [...]
CITY MOVES | WHO’S SWITCHING JOBS May 10, 2011 STM Group The financial services provider has appointed Julian Telling to the board as non-executive chairman, replacing Bernard Gallagher, who stepped down on 9 May. Telling established independent financial adviser Sumus in 1983, overseeing the firm’s AIM listing in 2005 and its merger with Lighthouse in 2008. He is a director of six companies, including [...]
BEST OF THE BROKERS May 10, 2011 VODAFONE Credit Suisse rates the telecoms group “outperform” with a target price of 185p. The broker has cut its medium-term earnings per share forecast by three per cent in light of recent results in the sector, and expects European operations to miss consensus estimates – this is particularly disappointing given the expected boost from iPhone [...]
Strong miners propel FTSE to a one-week closing high May 10, 2011 THE FTSE 100 share index hit a one-week closing high yesterday after bumper Chinese trade data boosted miners, although analysts said sentiment could be soured if Beijing opts to tighten its monetary policy. China’s April consumer price inflation index, due today, is expected to have dipped from March’s 32-month high of 5.4 per cent to [...]
Utility firms push US stocks higher May 10, 2011 US stocks rose for a third day yesterday, led by utilities and other defensive sectors that may drive further gains as investors bet on profit growth and set aside concerns about weakening demand. For now the equity market is filtering out potential problems involving Eurozone debt and speculation that the recent selloff in commodities is [...]
Sterling looks weak but not as frail as the euro and dollar May 10, 2011 STERLING has had a tough year. An underwhelming recovery and loose monetary policy from the Monetary Policy Committee (MPC) have had their impact, neither of which looks to be imminently reversed. But bad as things are, the monetary authorities in the US appear to be wedded to keeping interest rates lower for longer than the [...]
