Asian Consumers Are World&#39;s Most Optimistic-Survey
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Asian consumers are the most optimistic in the world about their economies, led by booming China and India where over three-quarters of respondents were upbeat on the
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A corporate spending survey that boosted optimism about Japan's economy drove Tokyo shares sharply higher on Monday, while other Asian stock markets traded around multi-month highs.
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More consumers plan to increase their spending during this year's holiday season than did last year as concern about paying off debt has lessened and economic optimism has grown, a survey released Monday shows.
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Consumers became a bit more optimistic toward the end of the August but still felt more cautious on the U.S. economy than they did a month ago, according to survey by the University of Michigan.
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Asian shares vaulted ahead on Thursday as lower oil prices and strong trade data in Japan boosted investor confidence that global economic growth could be sustained.
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Consumers were feeling confident in January: The job market was chugging along and oil prices were down. Their optimism may dwindle, however, on concerns that job and wage growth may slow.
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A corporate spending survey that  boosted optimism about Japan's economy drove Tokyo shares  sharply higher on Monday, while other Asian stock markets  traded around multi-month highs.
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Optimism in Hawaii remains high while employment woes nationwide have driven consumer confidence to lower levels. US consumer confidence dropped to lower levels in October for the third consecutive month, according
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Economy: With consumer confidence down and spending up, shoppers wrestle with &#39;stop-and-go&#39; mixed signals. By Andrea K. Walker.
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A rally in semiconductor-related  stocks, including Advantest Corp., propelled Asian shares  higher on Monday as investors added to a U.S. buying spree and  turned optimistic on earnings prospects.
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Consumers are more confident about the state of the US economy than at any time in the past five months, new data suggests.
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Asian stocks rose on Friday as an upbeat Japanese corporate sentiment survey cheered investors, while gold prices traded at a 5-1/2-month high on concerns that high energy costs would lift inflation.
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The Bank of Japan&#39;s quarterly survey of business confidence confirmed that the world&#39;s second-largest economy is recovering at a steady pace, Economic and Fiscal Policy Minister Heizo Takenaka said.
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Strong demand from emerging markets and the introduction of more low-cost laptops will boost Intel&#39;s sales in Asia during 2008, but company executives are keeping a close eye on the U.S. economy for signs of a slowdown.&quot;Overall, I&#39;m optimistic about growth in Asia, but it would be imprudent not to be cautious and mindful of the economic situation in the U.S.,&quot; said Navin Shenoy, general manager of Intel&#39;s Asia-Pacific operations, during a telephone interview.Intel&#39;s Asia-Pacific sales include chips sold for use in Asia as well as products that are built into computers for export to other regions. As a result, regional executives are closely watching what happens in the U.S., where concerns are mounting that the economy is headed for a recession.&quot;The export business that&#39;s dependent on the United States might see a bit of a slowdown, but the bulk of the growth is coming from [Asian] consumption. The consumption that we see across Asia-Pacific is quite strong and I see no impact or slowdown there whatsoever at this point in time,&quot; Shenoy said.&quot;But we&#39;re going to watch it. We&#39;re going to watch it carefully,&quot; he said.Analyst firm IDC expects Asian PC shipments to grow 16.7 percent this year, compared to an increase of 3 percent in the U.S.&quot;We&#39;ve pretty much been assuming no major impact [on PC demand] from the subprime crisis in the U.S.,&quot; said Bryan Ma, director of personal systems research at IDC Asia-Pacific, adding that the market research firm is monitoring economic developments in the U.S.Intel is coming off a strong fourth quarter, despite being squeezed somewhat by lower-than-expected flash memory prices. Strong processor demand during the period helped push Intel&#39;s Asia-Pacific revenue to US$5.3 billion, a quarterly record and about half of the company&#39;s total sales.&quot;Demand on the CPU side was strong. We set a record in terms of CPU shipments [and] we set a record for chipsets,&quot; Shenoy said.Most of Intel&#39;s processor revenue during the period came from 65-nanometer chips. The first chips from Intel&#39;s 45-nanometer processor lineup, called Penryn, were introduced in November and made a &quot;nominal&quot; contribution to Asia-Pacific revenue during the fourth quarter, Shenoy said.That contribution will increase rapidly over the next several months, with Intel&#39;s shipments of 45-nanometer processors to surpass those of 65-nanometer chips during the third quarter, he said.Two upcoming Intel products, Silverthorne and Canmore, should also make their presence felt in Asia this year, Shenoy said.Silverthorne, which is produced using the same 45-nanometer manufacturing process, is the first chip designed by Intel to be used in low-cost laptops and will be available during the second half of the year. Currently, Intel offers a version of its aging Celeron M processor for these types of machines, such as Asustek&#39;s popular Eee PC.Silverthorne, which is intended to be inexpensive and easy on battery life, will appear in low-cost notebooks that should spur faster growth in Asian demand for mobile computers, Shenoy said.The other chip that Intel expects to see do well in Asia is Canmore, a system-on-chip announced during the Consumer Electronics Show that combines a processor with graphics and high-definition video capabilities. Designed for set-top boxes and other consumer electronics, Canmore is due during the second half of this year.&quot;There are tremendous opportunities for a product like that in countries like Taiwan and Korea,&quot; Shenoy said.One technology that isn&#39;t expected to make much headway in Asia this year is WiMax.Apart from South Korea, where WiMax is already in commercial use, the wireless broadband technology hasn&#39;t caught on much in Asia. As a result, WiMax products will not see widespread adoption in the region until 2009, Shenoy said.
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US consumers cheered up in early December, sending potentially good news to retailers during the crucial holiday shopping season, a report showed on Friday.
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Good news about US economic growth was offset by signs that the nation&#39;s consumers were feeling less giddy than they had for more than eight months.
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U.S. consumers' mood brightened in early January, but was still significantly less optimistic than a year earlier, a report showed on Friday.