To read the full article, pls visit:
http://m.apnews.com/ap/db_8596/contentdetail.htm?contentguid=E3hp4ntV
Thursday, August 5, 2010
AP News - What earnings reports have revealed about ads
Spending on advertising is an indicator of how corporations view the economic health going forward. Based on the recent earnings report, ad spending has been quite robust thus pointing to an upbeat view of the US economy.
Tuesday, August 3, 2010
Hong Kong Property Market Update
Property prices in Hong Kong increased by 10.5% for the first half of this year versus an increase of 5% for the Hang Seng Index.
This mirrors the rise of 11% for the Hang Seng Property Index. Experts worry that the HK property market may be facing a bubble when price has appreciated a staggering 42% since the start of 2009.
But property consultants are predicting a further increase of 10% for the second half of 2010. With developers still paying record prices for land auctions, this prediction look set to come true.
Inventories build up & hiring
Data complied by the US Commerce Department showed that inventory-to-sales ratio hit a record low of 1.23 versus 1.46 in December 2008. Any increase in demand would cause a surge in activity and could easily boost hiring.
In a separate note, analysts also expect unemployment to remain high until the end of the year.
Monday, August 2, 2010
Economic update
BULLETIN: China's manufacturing sees first contraction since March 2009, HSBC survey shows.
Although economic data from China has indicated their economy is slowing, it has probably been priced into the market. Moreover the pessimism in the market could very well be overdone, just like most reaction is an overreaction.
Have a great week!!
Sunday, August 1, 2010
Subscribe to:
Posts (Atom)