Oil breaks US$100, Wall Street retreats and bond yields rise, inflation is becoming the market’s biggest risk again Global markets are starting Thursday in a more defensive position. Brent crude has broken above US$100 a barrel , U.S. Treasury yields are pushing higher, and Wall Street fell for a third straight session as investors reassess whether central banks may need to keep tightening rather than easing. For Malaysian investors, the key chain today is increasingly clear: Oil → inflation → interest rates → bond yields → USD/MYR → Bursa valuations. 30-second market snapshot Market / Asset Latest 🇺🇸 S&P 500 7,636.36, -0.48% 🇺🇸 Dow Jones 52,380.66, -0.77% 🇺🇸 Nasdaq 26,253.34, -0.64% 🇲🇾 FBM KLCI 1,714.34, virtually flat 💵 USD/MYR ~4.06 🇺🇸 U.S. 10Y Treasury ~4.84% 🇺🇸 U.S. 2Y Treasury ~4.42% 🥇 Gold ~US$4,396/oz 🛢️ Brent crude US$101.21/bbl 🛢️ WTI crude US$96.05/bbl ₿ Bitcoin ~US$79,300 🇯🇵 Nikkei ~64,760, -0.6% this morning Brent jumped about 3.4% Wednesda...
It's Sunday again....I'm excited to learn another new term here...and this will be something familiar to the people staying at the States.
The Wal-Mart effect...
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| Heard of the Wal-Mart effect? |
If you have not heard of it, buy the book...there is actually a book on Wal-Mart effect by Charles Fishman.
Anyway, in this post, I will give you a brief understanding of what the Wal-Mart effect is...it is the economical impact felt by local businesses when a large firm such as Wal-Mart opens in the area. The effect can be seen as it forces the smaller firms to run out of business or the reduction in wages for competitors' employees.
These are the main reasons why local stores are against the introduction of Wal-Marts into their areas. However, there are some positives from these effects...as Wal-Mart effect helps to curb inflation and keep productivity at an optimum level.
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