After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Manufacturing grows at record pace February 1, 2011 Manufacturing activity grew in January at its fastest pace since records began in 1992, and factory costs also surged, in a further sign that price pressures are building in the economy, a survey showed. Employment in the manufacturing sector also rose at the quickest pace since the records began. The Markit/CIPS manufacturing Purchasing Managers’ Index [...]
All eyes on ECB as Eurozone inflation hits 27-month high January 31, 2011 THE euro jumped to a session high against the dollar yesterday, after surprisingly high inflation data increased the risk of a hike in interest rates. Consumer price inflation across the Eurozone hit 2.4 per cent in January, according to a “flash” estimate by Eurostat, the EU’s statistics office. Inflation in the single currency area had [...]
Trichet’s hawkishness appears to be a bluff January 31, 2011 WAS Jean-Claude Trichet’s hawkishness on inflation earlier this month a bluff? He sounded tough until the market reacted, but then rolled back the strength of what he said, leaving us hanging in suspense. Now with European inflation rates hitting 2.4 per cent in January – the highest level for more than two years (see chart) [...]
FED HAS DONE A GOOD JOB ON US EQUITIES January 31, 2011 THE Federal Reserve has so far done an excellent job of goosing US equities through its ongoing asset purchase programme. As Fed chairman Ben Bernanke has intimated, boosting stock prices is now one of the Reserve’s aims, on top of its officially mandated dual role of ensuring price stability and full employment. So investors were [...]
Eurozone inflation in unexpected rise January 31, 2011 Eurozone inflation jumped more than expected in January, rising well above the European Central Bank’s target in what is likely to fuel market speculation the ECB might have to raise interest rates sooner than thought. The European Union’s statistics office Eurostat estimated on Monday that consumer prices in the 17 countries using the euro rose [...]
Asia inflation may hit growth January 26, 2011 CHINESE inflation is structural and risks derailing the global economic recovery, according to a quarterly inflation report by business consultancy McKinsey. The report, released at the start of the World Economic Forum in Davos, warns leaders that China is in danger of overheating and causing major disruption to worldwide demand. “The entire system is now [...]
UK must cut public deficit January 26, 2011 BRITAIN must stick to its deficit reduction plan, the head of the Organisation for Economic Co-operation and Development (OECD) said yesterday, speaking from Davos. Asked if Tuesday’s negative GDP figures should prompt a rethink of the deficit cuts, secretary general Angel Gurria piled support on David Cameron’s coalition government. “No, they should stay the course,” [...]
US growth to accelerate yet Europe still vulnerable January 25, 2011 EUROPE needs to strengthen its financial rescue fund to reduce the risk of renewed global instability, the International Monetary Fund (IMF) said yesterday. But US tax cuts and buoyant emerging economies are helping propel the recovery elsewhere, the IMF said in its world economic outlook, published at the start of the summit in Davos. The [...]
IMF raises global growth forecast January 25, 2011 The International Monetary Fund expects global economic growth in 2011 to be just slightly slower than last year’s rate of 4.75 per cent, its deputy managing director said on Monday. “I can confirm 2011 global growth is expected to be only slight slower than 4.75 (per cent) last year,” IMF first deputy managing director John [...]
THE FLOW OF HOT MONEY CONTINUES January 24, 2011 CFD MARKET STRATEGIST, GFT INFLATIONARY expectations are picking up across all major economies. Rising commodity prices are presenting difficulties everywhere, but are particularly problematic for developing countries. Brazil raised rates last week and warned that additional tightening was likely. Annual inflation there is just shy of 6 per cent and their latest 50 basis point [...]