Philip Chua Business Blog

Posts Tagged ‘rebound’

(SINGAPORE) The global airline industry enjoyed a strong rebound in travel demand during the first half of this year, with premium travel rising 11.9 per cent, while economy travel was up 6.3 per cent. The latest data released by the International Air Transport Association show, however, that travel demand growth has softened sequentially from quarter-to-quarter. In June, premium seat demand was 1... more

RISING prices, in the wake of Singapore's strong economic rebound, affected households across all income groups in the first six months of this year, according to figures released yesterday. But cost increases were slowest for the lowest earners - those in the bottom 20 per cent by household income. This is a departure from recent years when rising prices hit low-income households hardest. Figures... more

The Euro's rebound following the announcement of the EU rescue package proved exceptionally short-lived. Markets immediately smelled blood and added to EUR shorts, driving EUR/USD below additional key technical levels, most notably the 1.2450/1.2500 2009 lows, which now serves as the critical daily closing resistance zone. However, the past week's decline came up short of the 2008 lows at 1.2330 and this level will act as the next trigger to further declines. In the midst of this EUR weakness, we are starting to get the feeling that Euro-bearishness is reaching extreme levels. That does not mean that the EUR won't see lower in the week ahead; in fact we anticipate further declines to the 1.2150/1.2200 area in the short-run (based on an Elliot Wave count), but from there the likelihood of a base/correction forming increases greatly.

A spike in unemployment claims underscores the bumpiness of the economic rebound: Consumers are spending more. Factories are making more. But layoffs have not tapered off.


Unemployment benefits - Jobless claims - Layoff - Unemployment - Labour economics

Orders to factories for big-ticket durable goods likely posted an increase in January, helped by a rebound in demand for commercial aircraft.







Aircraft – Business – Aviation – Aerospace and Defense – Aeronautical

Verizon said it is facing a slower-than-expected economic recovery and plans to cut 6 percent of its workforce, adding that it forecasts only a modest rebound in late 2010.

Verizon Communications – Verizon – Business – Apple – VZ