Business Irish

Tuesday 23 January 2018

In brief: 10-year Irish bond yield

The Dominique Strauss-Kahn scandal has dominated the IMF agenda over the past week. Ireland's 10-year bond yield fell from 10.567 per cent to 10.445 per cent this week as investors took their eye off us. But will French Finance Minister Christine Lagarde get the gig? Let's hope not because she's a bit mean.

Motor industry figures

While no new Porsches have been registered in Ireland so far this year, there has been a significant increase of 16.4 per cent in the number of private cars licensed between April 2010 and 2011. There were 234 new Land Rovers registered last year and we are miles ahead in 2011 with 263 already registered.

Put/call ratio on silver

The put/call ratio continued its bumpy ride as it increased by 9.2 per cent. Due to the massive fall last week, 'silver bears' are trying to shout the price down this week, reflecting more of a willingness to hold flat currency rather than the shiny metal.

Latte sales

Coffee sales at Insomnia were flat last week compared with the same week in 2010. Given that coffee sales dip in the summer, a flat reading isn't bad at all.

Ratio of new enterprises/ companies closing down

Whether it's the queen's visit or the impending arrival of Barack Obama, the 'Yes We can' vibe is getting stronger. Nowhere more so than in the numbers of entrepreneurs going it alone. We have seen the HIGHEST number for this indicator yet, as the ratio of new enterprises to companies closing is 6.24.

Fuel prices

Forecourts were places of joy last week, as the price of both petrol and diesel fell at the pumps, to about €1.519 and €1.459 respectively. And about bloody time, too!

Google searches for restaurants

The number of searches for 'restaurants' in our three main cities increased this week to 9,690 from 9,560, with the difference attributable to a hike in Cork people looking for nosebag. Perhaps the queen felt peckish after spending the day hanging around the English Market.

Stock of properties for sale on

Nama is making even more noises about entering the mortgage market -- it has to justify its existence somehow. The stock of properties fell in absolute terms from 58,773 to 58,706 and this change was made up of every category of house from two bed to five bed. A slight reduction in the glut of properties on the market is positive.

Sunday Indo Business

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