U.S.: U.S. housing starts jump to four-month high U.S. homebuilding rebounded more than expected in June after declining for three straight months, but construction activity remains constrained by rising lumber prices and labor and land shortages. Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since
Note that the 2016 financial year constitutes of 15 months. For the year ended March 31, 2017:- 1834 Investments Limited generated total revenue of $199.02 million this compares with $204.74 million for the 2016 financial year. Operating Income accounting for $60.78 million (2016: $196.52 million) while Other Operating Income totalled $138.24 million (2016: $8.22 million).
Please click below to view today’s Daily Market Summary. Daily Market Summary 18.07.17 The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information
Carreras Limited (CAR) has advised that its Annual General Meeting has been scheduled for 2:00 p.m. on September 6, 2017 at the Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5.
Berger Paints Jamaica Limited (BRG) has advised that its Annual General Meeting has been scheduled for 2:00 p.m. on July 28, 2017 at the Courtleigh Hotel and Suites, 85 Knutsford Boulevard, Kingston 5.
Jamaica Broilers Group (JBG) has advised that three Directors and three Senior Managers purchased a total of 5,735,448 JBG shares. JBG has further advised that a Director and a Senior Manager sold a total of 5,214,772 JBG shares. These transactions were conducted during the period July 11 to 14, 2017.
GraceKennedy Limited (GK) has advised that at a Board of Directors’ meeting scheduled for July 27, 2017 an interim dividend payment will be considered.
Carreras Limited (CAR) has advised that at a Board of Directors’ meeting scheduled for July 26, 2017 an interim dividend payment will be considered.
The inflation rate for the month June 2017 was 0.7 %, following an upward movement of 0.1% in May 2017. The movement was credited to a 1.1% increase in the division ‘Food, Non-Alcoholic Beverages’ which was impacted by flood rains in May. The division ‘Transport’ moved up by 0.4%, while the ‘Housing, Water, Electricity, Gas
U.S.: The Fed Has an Inflation Expectations Problem When Federal Reserve policy makers were debating the adoption of an inflation target five years ago, the hawks pushed for a 1.5 percent goal as the best way to meet the central bank’s price stability mandate. Then-Chair Ben Bernanke and his lieutenant Janet Yellen resisted the arguments
