With the debate over inflation dominating financial markets as the global economy reopens from the COVID-19 pandemic, investors are turning to a number of...
With the debate over inflation dominating financial markets as the global economy reopens from the COVID-19 pandemic, investors are turning to a number of so-called alternative-data sources in an effort to get a more timely read on what’s happening to prices around the world.
PriceStats, which joined with State Street in 2011 to bring its data to the financial services sector, scrapes the web, tracking daily changes in prices across a huge basket of goods in 23 economies. PriceStats focuses solely on “multichannel” retailers who offer products both online and offline, which cuts out big online-only retailers, including e-commerce juggernaut Amazon.com Inc. AMZN, +1.58%.
Loh said he’s found that online prices adjust more quickly than prices on the shelves. In 2020, when the pandemic hit, prices tracked by PriceStats fell much more quickly than was reflected by the official data. On the rebound, the basket was showing stabilization making its way into prices, while official data has reflected items not in the basket such as used cars and airline tickets.
An article about rising inflation would receive a negative sentiment score, for example. The score also takes into account any magnitudes mentioned in the story, she explained. For example, if an article reported that inflation climbed 4%, the score would be larger than if prices were up by 1%. Since mid-June the reflation and transitory inflation narratives seem to be oscillating in importance, Grinis said. The reflation narrative rose around the release of June CPI data on July 13, which again came in much hotter than expected. The 10-year yield initially moved higher, but then fell back, in line with a fall in reflation concerns, she said.
While not as timely as data on spending or prices, such readings can offer insights on labor costs and labor shortages, such as rising pay at most big banks for junior bankers, Luo said. It also pays to scan central bank policy announcements, speeches and other documents to pick out patterns.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Aug. 4: MarketWatch: Alternative Data - What Investors Need to KnowJoin Barron’s Live weekdays at noon, for timely and actionable insights tied to the coronavirus crisis. Dial-in to connect with top experts and our editors covering the outbreak, to hear the impact on markets, the economy, companies, real estate, and more. Session topics subject to change pending breaking news. Barron's senior managing editor Lauren R. Rublin, reporter Al Root and a special guest discuss the outlook for the aerospace industry.
Consulte Mais informação »
Bad Bunny and Aventura Release New Surprise Collaboration 'Volví'Bad Bunny and bachata legends Aventura have released their new song, “Volví,” along with an accompanying music video.
Consulte Mais informação »
Chubby and the Gang Can't Escape Heartbreak on New Song 'I Hate the Radio'Chubby and the Gang have released a new lovelorn song, 'I Hate the Radio,' from their upcoming LP, 'The Mutt's Nuts.'
Consulte Mais informação »
In Passionate Letter, Allyson Felix Shows Her Daughter — and the World — What a Strong Mama Looks Like“I deeply want you to see me standing on the top of that podium with gold around my neck and know that Mommy worked hard for it.”
Consulte Mais informação »
Belarus runner alleges Olympic team tried to send her homeAn activist group supporting Krystsina Tsimanouskaya said she believed her life was in danger in Belarus and would seek asylum with the Austrian Embassy in Tokyo.
Consulte Mais informação »
Tableau BrandVoice: A Data Culture Enabled By The Cloud Accelerates Time-To-ValueHaving data and analytics in the cloud can nurture a data culture by removing barriers to access and trust while strengthening data governance. This influences important behavioral changes in how people use data to collaborate, innovate and solve business problems.
Consulte Mais informação »