1024 days ago
Swiss National Bank sees inflation as a far off phenomenon. In fact, in Switzerland, inflation remains below 1%. The Swiss economy is resurging faster than neighboring economies despite suffering its worst contraction in decades.
1025 days ago
The end of the pandemic is set to unleash a wave of senior spending, which is also good news for aging-linked stocks, including health-related and luxury goods stocks.
1025 days ago
Wholesale prices in India rose by 12.94 percent year-on-year in May 2021, accelerating from a 10.49 percent gain a month earlier and compared with market consensus of 13.07 percent. This was the highest wholesale inflation rate since December 1998, amid low base effect last year, when the coronavirus pandemic weighed on demand and prices. Biggest increase came from cost of fuel and power (37.61 percent vs 20.94 percent in April).
1028 days ago
Industrial production in the UK unexpectedly shrank 1.3 percent month-over-month in April of 2021, the first drop in three months and compared to forecasts of a 1.2 percent rise. Decreases were seen for mining and quarrying (-15 percent), due to planned temporary closures for maintenance of oil field production sites, manufacturing (-0.3 percent) and water supply and sewerage (-0.9 percent), partially offset by a rise in electricity and gas of 0.5 percent. Industrial output was 3.1 percent below its February 2020 level, the last month of "normal" trading conditions prior to the coronavirus (COVID-19) pandemic.
1028 days ago
While rates may seem high, let us remember that inflation 12 months ago was artificially low due to the start of the pandemic. There was close to no demand for airlines, fuel, hotels, clothes. If we take this into account, there is nothing scary here, if not for Japan which somehow manages to deflate in such an environment.
