January 22, 2017 United States: This $4 Billion Manager Is Preparing for an Inflation Surprise Inflation is what could jolt the markets this year. At least that’s what the tactical asset allocation team at DNB Asset Management is preparing for. “Inflation surprising on the upside is the biggest risk,” Torje Gundersen, portfolio manager, said in
January 19, 2018 From December 2016 to December 2017, the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.1%. This is a similar rise when compare to 2015 December to 2016 December. The food index increased 1.6% 2016-2017 after declining by 0.2% the previous year. The index for food at home followed a similar
January 19,2018 U.S. : Dollar Pressured as Treasuries Steady; Stocks Gain: Markets Wrap The dollar hit the weakest level in three years and Treasuries stabilized after a recent selloff as investors weighed the prospect of a U.S. government shutdown and signs of inflation picking up. Stocks in Europe and Asia advanced and gold jumped. The
January 18, 2018 Bank of Jamaica announces that effective 18 January 2018 the policy interest rate (the rate offered on overnight placements with the Bank) will be reduced to 3.00 percent from 3.25 percent. This adjustment reflects the Bank’s assessment that inflation for the next eight quarters should remain within the target of 4.0 per
January 17,2018 Business Confidence Index Business Expectation is at its second highest level since the start of the study in 2001. The Jamaica Chamber of Commerce(JCC) index for Business Confidence in the fourth quarter of 2017 rose to a high of 142.6 from 135.2 recorded in the third quarter of 2017. The Business Confidence index
January 16, 2018. The inflation rate for the month December 2017 inched up to 0.6%, following an upward movement of 0.6% in November 2017, bringing the 2017 calendar year inflation rate to 5.2% according to The Statistical Institute of Jamaica (STATIN). The Consumer Price Index for the month rose from 247.3 in November 2017 to
January 16, 2018 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported recently. Over the last 12 months, the all items index rose 2.1% before seasonal adjustment. An increase of 0.4% in the shelter index was responsible for approximately
Date: January 16, 2018 Eppley enters agreement with Fortress Fund Managers and Altman Real Estate Fortress Fund Managers Limited (‘Fortress’), Alleyne, Aguilar & Altman Limited (‘Altman Real Estate’) and Eppley Fund Managers Limited (‘Eppley’) are pleased to announce an agreement pursuant to which Eppley will assume all investment management and advisory responsibilities for Fortress Caribbean
Date: January 15, 2018 Margaritaville (Turks) Limited (MTL), for the six months ended November 30, 2017, reported a decrease in revenues by 20% to US$2.25 million ( 2016: US$2.82 million). For the second quarter, MTL booked a 68% decline in revenue to US$390,044 compared to US$1.20 million for the comparable period in 2016. MTL noted,
January 15, 2018 PJX, for the nine months ended August 31, 2017, booked net gain on financial assets classified as at fair value through profit and loss of US$693,335 compared to US$745,947 last year. For the three months, net gain on financial assets classified as fair value through profit amounted to US$668,158 (2016: $311,887). Interest
