August 3, 2023 The Bank of England’s Monetary Policy Committee (MPC) at its August 2, 2023 meeting voted to increase Bank Rate by 0.25 percentage points, to 5.25%, as opposed to maintaining the Bank Rate at 5.0%, or increasing to 5.5%. The MPC observes that the second-round effects in domestic price and wage developments generated
August 3, 2023 United States: Fed’s Barkin Says Inflation-Rate Drop May Be Soft-Landing Signal Federal Reserve Bank of Richmond President Thomas Barkin said the greater-than-expected easing in inflation in June may be an indication that the US economy can have a “soft landing,” returning to price stability without a damaging recession. “There is still a plausible story that inflation normalizes
August 2, 2023 Government Operations Results for June 2023 Disclaimer: Analyst Certification –The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their
August 2, 2023 United States: Fitch’s US Credit Downgrade Sparks Criticism Along With Unease Fitch Ratings’ downgrade of US government debt sparked criticism from Washington and Wall Street even amid unease that swollen fiscal deficits risk eventual turbulence in markets, the economy and next year’s presidential election. Fitch cut the US’s sovereign credit grade one level from
July 31, 2023 Radio Jamaica Limited (RJR) has advised that at a Board of Directors’ meeting to be held on August 3, 2023, a dividend payment will be considered. Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer
July 31, 2023 Lasco Manufacturing Limited (LASM) for the three months ended June 30, 2023, recorded an increase of 9% in total revenue to total $2.83 billion, relative to the $2.60 billion recorded for the comparable period in 2022. Cost of sales amounted to $1.76 billion (2022: $1.71 billion) for the quarter, an increase of
July 31, 2023 Weekly Picks 31.07.2023 LUMBER Disclaimer: Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was,
July 31, 2023 United States: Traders Brace for $102 Billion Wave of Treasury Bond Sales The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates. For the first time since early 2021, the Treasury will
July 28, 2023 Stationery & Office Supplies Limited (SOS) has advised that at the Annual General Meeting of the Company held on July 25, 2023, the following resolutions were unanimously passed: That in order to facilitate a proposed subdivision of the existing ordinary shares in the capital of the Company, the authorized share capital
July 28, 2023 United States: Key US Inflation, Wage Measures Cool in Boost for Soft Landing Key measures of US inflation and labor costs cooled significantly in recent months, adding to growing optimism that the economy may be able to avoid a recession. The employment cost index, a broad gauge of wages and benefits, increased 1%
