Around the world sentiment toward stocks rose, reaching a record level in the US, as reports on manufacturing showed the global economy is recovering and investors betting that profits will grow since 2007.
British Airways plan to spend $161 million on upgrading its near 10-year-old first-class cabins in a move to match the luxury standards on offer at Asian and Middle Eastern competitors. The revamp of the company’s Boeing Co 777 and 747 aircraft began this week.
The year 2010 will prove that Japan flips from deflation to something very different with the beginnings of debt monetization by the central bank which will spin out of control. The view is also maintained from PIMCO’s Paul McCulley, who said that the Bank of Japan should buy unlimited amounts of long-term government debt to lift the country out of a deflationary liquidity trap.