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...“Neither a strong labour market, nor strong growth will dissuade them from cutting rates as long as the data on inflation is good....
...Shares in fast-fashion retailer H&M jumped more than 13 per cent in early trading after the company reported rising operating profits in its first quarter, signalling that it is on track to increase profitability...
...We’d split the difference: the rental market is somewhat strong, but not CPI shelter at 5 per cent annualised strong. Using month-over-month rates is helpful for comparisons here....
...“The H&M group is in a strong position, with a positive profitability trend and good conditions to make further improvements in 2024 . . ....
...But strong data on the labour market, and signs of stubbornly high inflation, have cast doubt on those forecasts....
...Powell acknowledged that the performance of the US economy had been “quite strong”, though he claimed the country’s hot labour market was “moving into better balance”, with wage growth now “moderating”....
...Inditex faces questions of its own — namely how long it can continue its recent strong run. Its shares have gained 38 per cent in the last 12 months....
...“You saw last year very strong hiring and inflation coming down quickly,” the Fed chair said. “In and of itself, strong jobs growth is not a reason for us to be concerned about inflation.”...
...It unveiled the plans as it reported a “strong start” to the current quarter, with sales up 11 per cent between February 1 and the start of this week and said its spring and summer collections had been “...
...European equities rose on Wednesday, pulled higher by strong gains for utilities and consumer groups. The region-wide Stoxx Europe 600 was 0.1 per cent higher on the day....
...“The broader situation is that the economy is strong, the labour market is strong, and inflation is coming down,” Powell said....
...Trump has been quick to claim credit for stock markets’ recent strong performance, telling supporters that the market “goes crazy” every time he does well in polls....
...Uniqlo’s growth is strong, with overseas sales rising nearly a quarter in the three months to November. Its simple designs have a solid fan base....
...Data published on Tuesday showed that the eurozone economy stagnated in the final three months of 2023, held back primarily by shrinking output in Germany despite strong rebounds in Spain and Italy....
...That market outcome, coupled with the economy’s strong health, favoured the Fed taking its time. “What happens if inflation doesn’t keep falling, or even rebounds?...
...The Fed, together with other US regulators, has faced strong criticism from the banking industry over what would constitute the biggest change to capital requirements since the Dodd-Frank act was introduced...
...“Strong growth and a strong labour market allow the Fed the luxury of making sure that inflation is properly nailed down.”...
...Stephen Stanley, chief US economist at Santander, said that although January’s 353,000 jobs figure was “exaggerated by seasonality”, the data was “strong across the board”....
...And attempts at tightening regulations face strong opposition....
...Ottmar Edenhofer Director Potsdam Institute for Climate Impact Research, Technical University Berlin, Germany Ravi Kanbur T.H....
...Fast-fashion retailer H&M reported a decline in operating profit in the second quarter, after it was hit by high costs, a strong US dollar and the winding down of its Russian operations....
...While monthly jobs growth has cooled recently, demand for workers in industries from leisure and hospitality to healthcare remains strong....
...“Last year, because inflation was so far from target, they didn’t have the luxury of even letting one strong data print go by....
...The strong showing comes amid turmoil at the media group, which is set to announce lay-offs this month....
...The idea of a pseudo-perfect neutral interest rate level that neither stimulates or slows a strong economy with stable inflation is an attractive academic proposition, but when has that ever actually happened...
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