The Greeks are also pessimistic about their economic course, as they predict that their net income will decrease by 2% in the next twelve months
Inflationary expectations of households in the Eurozone fell in March to the lowest level since December 2021, but in Greece they remained high according to a monthly survey by the European Central Bank (ECB Consumer Expectations Survey Results).
The average expectation of households in the Eurozone was that inflation would move next twelve months to 3%, from 3.1% they estimated in February, while for inflation after three years their expectations remained stable, at 2.5%, for fourth consecutive month. In Greece, on the contrary, the expectation has remained stable since last December that inflation will reach 10% in the next twelve months, while already in March ECB data showed that it was moving at an annual rate of 3.2%. Notably, household inflation expectations were higher than 14% in early 2023, likely affected by much larger increases in food prices than the general index.
At the same time, the Greeks are also pessimistic regarding their economic course, as they predict that their net income will decrease by 2% in the next twelve months, while in the Eurozone expectations are for an increase of 1.3%, slightly lower than February (1.4%).
There is also pessimism about the course of the economy among Greek households, as they predict a negative growth of 4% or more in the same period, although the GDP increased by 2% in 2023 according to ELSTAT data. Negative growth, but less intense (-1.1%) is also predicted by households in the Eurozone for the next twelve months.
In terms of house prices, expectations in the Eurozone remained steady for an increase of 2.4% over the next twelve months, while in Greece they increased further towards 10%, from just over 8% in February.
#Accuracy #Greeks #scared #inflation #ECBs #research #reveals
2024-05-04 04:48:53
https://www.worldysnews.com/accuracy-greeks-are-scared-of-inflation-what-the-ecbs-research-reveals/
Exploring the Potential Paramount- Peacock Streaming Partnership
Shari Redstone’s Decision on Skydance Media Deal
Recently, the exclusive negotiating window for the Skydance Media deal for National Amusements has come to an end, signaling a potential halt to the $26 billion offer from Sony Pictures and Apollo Global Management. Sources close to the situation have revealed that Shari Redstone, the controlling shareholder, is not enthusiastic about the deal, which could result in the dismantling of her father’s empire. Despite the possibility of Paramount’s independent board committee overlooking regulatory concerns and recommending the deal, it faces significant challenges.
Following these developments, the company’s fate now rests in the hands of a three-man committee comprising CBS chief George Cheeks, Paramount Pictures’ Brian Robbins, and Chris McCarthy, the head of Showtime/MTV Entertainment Studios and Paramount Media Networks. The news of the potential deal falling through caused Paramount stock to drop by 7 percent to $12.89.
In response to the situation, Paramount’s board has appointed McCarthy as the “interim principal executive officer,” citing compliance with Securities Exchange Commission regulations. Despite this move, a Paramount source emphasizes that the trio will function as co-CEOs.
Industry insiders have expressed skepticism about the company’s future, with one executive from a rival media company questioning Shari Redstone’s decision-making. Speculation is rife that Paramount may explore merging its streaming service with Peacock to enhance its market position. However, the specifics of such a merger remain unclear, with uncertainties surrounding the potential structure and operational details.
Both Paramount+ and Peacock currently have around 100 million subscribers combined, significantly lower than industry giants like Netflix and Disney+. Paramount’s strategic moves in the streaming landscape will be crucial in determining its future success and competitiveness in the market.
Conclusion
As Paramount navigates through these challenging times, the decisions made by its leadership will shape the company’s trajectory in the ever-evolving media landscape. The outcome of the Skydance Media deal negotiations and potential strategic partnerships will be pivotal in determining Paramount’s future positioning in the industry.
Paramount’s Potential Merger with Peacock: A New Era in Streaming
Recent discussions have surfaced regarding a potential merger between Paramount+ and Peacock, sparking interest in the streaming industry. One key aspect highlighted by insiders is the complementary nature of the two services, with Paramount+ catering more towards a male audience and Peacock attracting a female demographic. However, negotiations have been hindered by concerns over control, a recurring issue in past talks between Comcast and Paramount.
The Streaming Landscape: Paramount+ vs. Peacock
Paramount+ prides itself on its “Mountain of Entertainment” concept, positioning itself as a hub for diverse content. In contrast, Peacock has focused on live sports, including streaming major events like Wrestlemania and the upcoming live coverage of every Olympic event from Paris this summer.
Library and Content Synergy
One of the key advantages of a potential merger would be the combined film libraries of Paramount and Universal, creating a powerhouse of content for subscribers. Additionally, the merger would bring together popular franchises like Yellowstone and the Dick Wolf cinematic universe, offering a wide range of viewing options for audiences. While Paramount+ currently streams Yellowstone spinoffs and Taylor Sheridan shows, a merger could expand the reach of these series.
Paramount’s Leadership Dilemma Unpacked
Paramount’s fate hangs in the balance as the spotlight shifts to Peacock following a strategic deal orchestrated by Bob Bakish pre-streaming era. NBC and Peacock now house Dick Wolf’s renowned Law & Order and Chicago franchises, while the FBI franchise finds its home on CBS and Paramount+.
The Timing Game
Comcast’s Brian Roberts faces a crucial timing game amidst swirling speculations. The looming question remains – will Comcast secure the NBA package from Warner Bros. Discovery, or will a last-minute bid for Paramount become the Hail Mary play?
Speculated Moves
Rumors swirl around potential bids for BET, with Byron Allen and other contenders eyeing the prize. However, doubts linger on the impact such a sale would have on Paramount’s future.
Executive Skepticism
Paramount insiders express skepticism over the triad leadership structure, questioning the effectiveness of leaving the company in the hands of three top executives. The industry echoes concerns over the untested waters of such a setup.
Co-CEO Conundrum
The rare co-CEO model at Paramount raises eyebrows, with historical precedents showcasing mixed results. While some corporations have thrived under shared leadership, others have swiftly abandoned the approach.
Lessons from Competitors
Netflix’s successful co-CEO transition serves as a beacon of hope for Paramount, highlighting the importance of clear lines of oversight and succession planning in corporate leadership structures.
Unanswered Questions
Wall Street remains wary of Paramount’s leadership vacuum, with concerns looming over strategic decision-making, potential sales, and the company’s future direction. Analysts caution of continued volatility until clarity emerges.
Future Uncertainty
The temporary “office of the CEO” at Paramount sparks uncertainty among analysts, with doubts cast on the sustainability of shared management structures in publicly traded companies. The road ahead remains murky for the entertainment giant.
Conclusion
As Paramount navigates choppy waters, the industry watches closely for signs of stability and strategic clarity. The fate of the studio hangs in the balance, awaiting decisive leadership to steer it towards a brighter future.
Lesley Goldberg contributed reporting.
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Exploring the Potential Paramount- Peacock Streaming Partnership
Surprising Employment Numbers Spark Market Rally: S&P 500 Soars to Two-Month High
US Stock Journal|S&P 500 rises most in two months as employment gap becomes good news (Spencer Platt via Getty Images)
US stocks rose sharply, led by technology stocks, all three major indexes rose more than 1%. US employment data was unexpectedly worse than expected, and surveys pointed to a slowdown in service industry activity, which also raised market expectations of an interest rate cut. Bad news was treated as good news. The bond market rose sharply Once again, the interest rate on 10-year US Treasury bonds fell to nearly 4.45%, a drop of more than 12 points. The US dollar weakened, and the US dollar index fell to the low level reached three weeks ago when the March CPI inflation data was released, and once fell to 152 against the Yen. To sum up the week, all three major indexes recorded gains and continued to rise for two consecutive weeks.
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Market conditions on May 3 (Friday)
l The Dow Jones index rose 450.02 points, or 1.18%, to 38,675.68 points.
l The S&P 500 index rose 63.59 points, or 1.26%, to 5,127.79 points.
l The Nasdaq index rose 315.37 points, or 1.99%, to 16,156.33 points.
l New York June oil futures closed at US$78.11 a barrel, down US$0.84 or 1.1%.
l New York gold futures for June delivery ended at $2,302.9 an ounce, down $54.8, or 2.3%.
l The 10-year US Treasury bond yield closed at 4.500%, down 7.1 points.
Large-cap technology stocks were boosted by lower interest rates. Microsoft and Meta rose 2% each, while the S&P Information Technology sector rose 3%.
Diet drug concept stocks performed differently.
Data from the US Bureau of Labor Statistics showed the US economy added 175,000 non-farm jobs in April this year, a significant slowdown from the upwardly revised 315,000 jobs in March and below market expectations. of 243,000 jobs. The unemployment rate edged up to 3.9%, while the market had expected it to remain unchanged at 3.8% last month. The number of unemployed people was 6.492 million, an increase of 63,000. In addition, average hourly wage growth unexpectedly slowed to 0.2%.
After the data was released, the market now expects the Federal Reserve to cut interest rates for the second time at the end of this year According to FedWatch from the Chicago Stock Exchange, the possibility of an interest rate cut of 0.25% in September close. to 50%.
The US service industry, which continues to drive the economy and even inflation, is also showing signs of slowing down.
According to a survey by the Institute for Supply Management (ISM), the US services purchasing managers’ index (PMI) unexpectedly fell to 49.4 in April this year, well below last month’s 51.4, reflecting the first contraction in service industry activity since December. 2022. Market expectations They are expected to rise to 52. Growth in new orders slowed (52.2) and output (50.9) slowed significantly, pushing companies to lay off workers faster (45.9), meaning the employment rate fell for the third time.
The final PMI value from S&P Global, another survey agency, showed that business activity in the service industry continued to grow, but the rate of expansion slowed. The seasonally adjusted services PMI business activity index fell to 51.3 in April from 51.7 in March, falling for the third consecutive month, but above the initial value of 50.9.
Federal Reserve Governor Michelle Bowman said inflation is expected to remain high for a period of time Even if the Fed keeps interest rates unchanged at current levels, inflation should continue to fall At the same time, she reiterated she also, if anti-inflationary progress gradually stalls or reverses, She is ready to raise policy rates.
He also cited a number of factors that have prevented the center from cutting interest rates, including a housing shortage amid a growing workforce and continued strong wage growth.
ING Banc reiterated its expectation of interest rate cuts starting in September Data showed that the unemployed population is on the rise Corporate recruitment intention surveys also showed that the opportunities for new jobs in the summer have slowed further The job market is not optimistic.
#Stock #Diary #Poor #employment #good #news #rises #months
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Surprising Employment Numbers Spark Market Rally: S&P 500 Soars to Two-Month High