He expects the resolution for the Tread+ issue could be adding a protective guard to the end of the treadmill, or a similar remedy.The stock closed at $107.75 Monday, bringing its decline so far this year to 30%.What Bloomberg Intelligence Says:“The Tread+ warning may not significantly slow Peloton’s near-term growth prospects, given that sales of exercise bikes still represent over 90% of hardware revenue. The waterproof, scratch-resistant mask is as tough as it is sustainable—made of recyclable plastic to greatly minimize wastage as compared to disposable masks. It was just a prototype called Project Hazel, but now Hazel is becoming a reality. Get the latest Razer Inc (1337) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. The all-stock deal for A$1.78 billion ($1.38 billion)announced on Monday, which will also establish Australia's most valuable lithium miner with a A$4 billion market capitalisation, comes as demand for the material is booming amid a jump in global sales of electric vehicles. However, the Central Bank of Nigeria has overlooked the recent uptick, choosing instead to support the economy with a 200 basis point rate cut. It also donated the proceeds from the sale of its ‘Stay Home and Game On’ posters to support the fight against COVID-19. Note: This article was first published on 13 Jan 2021. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. (Updates with market reaction in paragraph four)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- U.S. stocks retreated from an all-time high as investors awaited the heart of the earnings season and more economic data later in the week. In order for your voice to be heard clealy, the VoiceAmp Technology uses a built-in microphone and aplifier for you … Once a deal is struck -- likely after the October mid-term legislative elections -- the BCRA will probably bring real rates to positive territory and to reduce the currency misalignment.”--Adriana DupitaG-10 CURRENCIES AND EAST EUROPE ECONOMIESSwiss National BankCurrent policy rate: -0.75%Median economist forecast for end of 2021: -0.75%The SNB’s monetary policy consists of negative rates and currency-market interventions.In light of the small local bond market, the strategy is the most effective, SNB President Thomas Jordan has said. The company did note they plan to continue work on the product, with "rigorous testing and user feedback" to make changes and improvements to Project Hazel. Based on Monday’s trade, the direction of June WTI crude oil early Tuesday is likely to be determined by trader reaction to $63.47. "We're launching a new taskforce between the Treasury and the Bank of England to coordinate exploratory work on a potential central bank digital currency (CBDC)," Sunak told a financial industry conference. But following that, Razer decided to take it one step further and design, at least at the conceptual stage, a hi-tech face mask that is medically sound but also more tailored to make sure it evolves for the need of picking up on human interactive cues. The new entity will have hard rock, brine, and chemicals assets across Australia, Argentina, Canada and Japan, and will be able to accelerate development and sell into global markets. The specialized N95 mask debuted at … January 13, 2021 12:00 PM. “We will exit 2021 in a stronger position than we started,” he said on a conference call after the results were released.The shares increased as much as 4.9% in late trading, after closing at $133.12 in New York. Razer Project Hazel release date and price | There isn't one. Indian shares rebounded from a virus-led slump on Tuesday, as the country ramped up vaccinations to counter a stubborn surge in COVID-19 cases that has prompted strict restrictions in major cities. The rate remains high relative to peers and previous economic downturns, but resilient high inflation due to lingering shocks offset disinflationary pressure from ample economic slack and limit room for more accommodation.”--Felipe HernandezBank IndonesiaCurrent 7-day reverse repo rate: 3.5%Bloomberg Economics forecast for end of 2021: 3.75%Rising global bond yields have all but shut Bank Indonesia’s window for further easing this year. Razer Iskur gaming chair review. Introducing our prototype of the most intelligent mask ever created—a design focusing on five key areas to ensure the highest degree of safety with the best quality of life enhancements." Razer makes an unexpected move at CES 2021 with Project Hazel. Specifications of Project Hazel Mask: Type of Product: High-Quality Mask for this New Normal; Requirement: To use a sustainable mask ; Type of mask: High tech N95 mask. It’s likely to use other tools -- the Funding for Lending program and asset purchases -- if needed to add more support or to sustain maximum downward pressure on the currency. Project Hazel is going to be a reality. "So with that in mind, we are going to go ahead and solve the sustainable aspect of the mask which is one of the big things for us. (Bloomberg) -- The aggressive rebound in global economic growth still isn’t enough for most of the world’s central banks to pull back on their emergency stimulus.In Bloomberg’s quarterly review of monetary policy covering 90% of the world economy, the Federal Reserve, European Central Bank and Bank of Japan are among the 16 institutions set to hold interest rates this year.The outlook suggests officials still want to guarantee the recovery from last year’s coronavirus recession by maintaining ultra-low borrowing costs and asset-buying programs. LONDON (Reuters) -British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new "Britcoin", or central bank-backed digital currency, aimed at tackling some of the challenges posed by cryptocurrencies such as bitcoin. Taiwan made net foreign-exchange purchases of $39.5 billion in 2020, equivalent to 5.9% of its gross domestic product, according to the analysis.While Taiwan’s central bank doesn’t deny intervening in currency markets, it pushed back against aspects of the U.S. assessment. When the pandemic first hit, the disposable mask was in huge demand and we had to figure out how we could get these out globally," said Tan. While vaccinations are taking place across the globe and nations are hoping to come out of their various lockdowns and restrictions this year, face masks are likely to stay for some time to come as borders and travel start opening up and countries vastly differ on the rollout of vaccinations. If global conditions warrant tightening, it’ll be delivered through the backdoor.”--Ziad DaoudCentral Bank of NigeriaCurrent central bank rate: 11.5%Bloomberg Economics forecast for end of 2021: 13%The Nigerian central bank is inching closer to hiking its benchmark rate for the first time since July 2016. The Global Business Services unit, which includes consulting, and the Systems unit, which includes hardware and operating systems software, also posted year-over-year sales increases.April marks a full year at the helm for Krishna, who took over as CEO from Ginni Rometty with plans to focus on artificial intelligence and the cloud to revive growth after years of stagnation. The Fed has also signaled it expects to keep rates near zero through 2023.Officials at their meeting in March maintained that dovish message, according to a record of their discussion released on April 7, while Powell continues to stress the recovery remains incomplete and uneven.Part of its hesitancy to talk publicly about bond purchases stems from harsh experience: The Fed wants to avoid a repeat of the 2013 taper tantrum, when unexpected news that it was thinking about slowing bond buying roiled financial markets and hurt the economy.What Bloomberg Economics Says:“The U.S. economy may be launching into the fastest growth since 1983, but the Fed is firmly resolved to not only maintain the current stance of policy accommodation deeper into the recovery, but also to retract it more gradually under their new outcome-based framework for achieving its dual mandate. 6. Forget the mainstream IPO's, the margins are too small. While the Treasury report on Friday didn’t label Taiwan as a currency manipulator, it said the U.S. will initiate “enhanced bilateral engagement” to address what it considers as “structural undervaluation” of the exchange rate.“Despite the relief of not being labeled a currency manipulator, the Treasury report still urged Taiwan authorities to limit FX intervention to exceptional circumstances,” said Ken Cheung, chief Asian FX strategist at Mizuho Bank Ltd. “This, alongside the strong exports, will help support the Taiwan dollar.”The Taiwan dollar has come under scrutiny as the tech-dependent economy posts a quicker recovery from the pandemic than most of its peers in Asia. However, it could keep some customers from buying new treadmills.”-- Amine Bensaid, BI media analystClick here to read the research.READ MORE: U.S. Regulators Warn Consumers About Peloton’s Tread+ (1)(Updates with closing share price)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. CEE MARKETS-Prague index retreats from fresh high, currencies stall, India does not see logic in U.S. putting it on currency watchlist, UPDATE 1-BOJ refrains from buying ETFs on Tuesday, breaks from long-held stance, Tobacco Stocks Drop as U.S. May Phase Out Addictive Cigarettes, Oil Marks Anniversary of Crash Below Zero With Rally Above $64. The euro-area recovery has been delayed by a slow vaccination rollout, and ECB President Christine Lagarde has repeatedly warned of the dangers of ending support too early.The scene is set for a vibrant debate toward the end of the year on when and how to scale back emergency aid and what should replace it. That pace is likely no longer warranted with an outlook that appears to improving dramatically by the week, helped by a recovery in commodity prices and a robust housing market.The central bank, however, has sought to ease any worries of an imminent change to its benchmark overnight rate -- currently at 0.25%. India is already a major IT supplier for the US—can it be more? Razer's Project Hazel is the "World’s Smartest Face Mask": Revealed at CES 2021 alongside an immersive gaming chair and new Blade 15/17 Pro laptops. The government has indicated a deal is unlikely to happen before mid-term elections in October, and Central Bank President Miguel Pesce has stayed on the sidelines of talks. The biggest theme at CES 2021 was adapting to the changes in life brought on by COVID-19. In the meantime, the central bank will continue to tamp down on credit growth in a gradual taper to head off financial risks. “Bottom line is that short-term volatility is typical when we’re knocking around market highs as traders look to uncover value.”For Matt Maley, chief market strategist for Miller Tabak + Co., the sharp drop in Bitcoin over the weekend is having an impact on trading as well.“Whenever a headline-grabbing asset sees a big decline at a time when the broad market stands at an expensive level, it usually has a negative impact on the stock market, even if it’s only short-lived,” he wrote.Here are some key events to watch this week:Apple’s first product unveiling of the year on Tuesday.Reserve Bank of Australia releases minutes of its policy meeting on Tuesday.EIA crude oil inventory report on Wednesday.European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. President Vladimir Putin made the cost of living a political issue when he told the government in December to put caps on prices of certain goods. Offering 16.8 million colors and a suite of iconic effects, turn heads while you stay safe with 2 customizable lighting zones powered by Razer Chroma™ RGB. However, Das pledged to maintain a dovish stance if economic conditions deteriorate as a number of provinces including Maharashtra, home to the financial capital of Mumbai, grapple with lockdowns amid a fresh wave of Covid-19 cases.What Bloomberg Economics Says:“The RBI is likely to look through above-target inflation in the near term, with its primary focus on securing a durable recovery in growth. If you are worried that your voice will be muffled while wearing the face mask, fret not as the Project Hazel Mask is equipped with Razer VoiceAmp Technology. While the decision matched market expectations, the institution omitted an earlier pledge to keep monetary policy tight and even deliver additional hikes if needed. Razer said as much about its smart mask in the original announcement, explaining that its concept designs are often used to “evaluate feedback from the … That beat the $17.3 billion analysts had forecast, on average, according to data compiled by Bloomberg.IBM reported first-quarter revenue growth in three of its five business segments, including Cloud and Cognitive Software, which saw a sales increase of 3.8% from a year earlier to $5.4 billion. The U.S. has also warned of “consequences” if jailed opposition leader Alexey Navalny dies. In turn, a near-term pickup in prices will be treated as transitory. Krishna has reorganized the 109-year-old tech giant around a hybrid-cloud strategy, which allows customers to store data in private servers and on multiple public clouds, including those of rivals Amazon.com Inc. and Microsoft Corp. Total cloud revenue increased 21% to $6.5 billion in the first quarter.Krishna said he is “confident” IBM will deliver revenue growth in the second quarter and the rest of the year. Enjoy Razer Halloween deals on gaming peripherals, available at the Official RazerStore Online while stocks last. "I'll take you through the thought process. It was one of only two of IBM’s units to see revenue decline in the first quarter, with sales down 1.5%, to $6.37 billion. At first it was a high-end concept through its research and development department but Razer CEO Min-Liang Tan told Yahoo Finance on Wednesday that the company is now fully invested in turning these masks into a reality and will go into production. While uncertainties surrounding the pandemic remain high, South Korea’s economy is poised to rebound in 2021 and the central bank remains concerned about growing financial risks. Traders will look for further confirmation of the private sector’s recovery from the pandemic as the earnings season gathers pace. Higher rates will also help support the naira, which was devalued twice in 2020.What Bloomberg Economics Says:“Nigeria’s inflation rate continues to surge, and has been stuck above the central bank target range for the past five years. Another, working with other regulators to reinstate macro prudential policy restraints to restrain a resurgent housing market. Labor market slack is set to damp inflation, and keep the cash rate unchanged, for several years yet.”--James McIntyreCentral Bank of ArgentinaCurrent rate floor: 38%Bloomberg Economics forecast for end of 2021: 38%Argentina has relied on a mix of orthodox and unconventional policies to maintain its currency market relatively calm. (Updates with share price movement and analyst comment)For more articles like this, please visit us … Its March forecast implies that the likelihood of a rate increase is split 50/50 between September and December.While soaring house prices signal financial imbalances are building up, Governor Oystein Olsen has said substantial uncertainty still remains regarding the recovery.Norway’s economic resilience has been boosted in part by an effective lockdown strategy and billions of dollars in government support backed by the country’s $1.3 trillion sovereign wealth fund. 1.5k. ... No, it's a project, xbox series x was project scarlet, it doesn't mean it's not coming out, there are already functional prototype and versions developed. (Bloomberg) -- Peloton Interactive Inc. shares closed down 7.3% Monday after U.S. regulators warned consumers to stop using the exercise equipment maker’s Tread+ machine if there are young children or pets at home.The advisory follows a series of accidents involving the treadmill. Secondly, there are also many countries that are unlikely that are going to get the whole [scale] of vaccinations in the next year or even two so travelling everyone should be very careful. If things take a turn for the worse, the central bank doesn’t have much room to go the other way and reduce its benchmark rate further after 75 basis points of cuts last year. It insisted that it would maintain pressure on trading partners to redress trade imbalances with the U.S.“There will still be pressure on Asian central banks to ease back on their intervention activity, which would lead to greater appreciation pressure,” said Khoon Goh, head of Asia research at Australia & New Zealand Banking Group Ltd. “The easing of U.S. 10-year bond yields and the retreat in the dollar of late has also helped the Taiwan dollar’s move.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. An unstoppable force is taking over our financial markets. Razer only released a prototype of the mask at the CES 2021, meaning that the actual product may take some time to reach the market. Policy makers agreed that it was too soon to discuss withdrawing monetary support despite signs of economic stabilization and an uptick in consumer prices.Governor Stefan Ingves has signaled he prefers QE to rate cuts, and said last month he sees no risk of above-target inflation “in the foreseeable future.” Meanwhile, the property market soaring to record price levels is an increasing worry for Ingves, who said Sweden’s high level of household debt “will become problematic sooner or later.”What Bloomberg Economics Says:“A rebound in global trade is benefiting export-oriented Sweden and the economy has recouped more of the pandemic loss than expected by Riksbank. Soon after, Sunak tweeted the single word "Britcoin" in reply to the finance ministry's announcement of the taskforce. Officials will also undertake consultations on the potential issuance of social bonds to finance projects such as investments in child care. He doesn’t expect the recent incidents or the CPSC’s warning to further delay Peloton’s launch of its new lower-priced Tread in the U.S., he added.The Tread+ warning doesn’t impact the long-term investment outlook for Peloton, according to Stifel analyst Scott Devitt. Volkswagen AG, China's biggest foreign automaker which hopes to sell over four million vehicles in the country, said the situation had not improved in the second quarter. Governor Perry Warjiyo is turning his attention to preserving the country’s interest-rate differential from the U.S. to stem foreign outflows and protect the battered rupiah, which he considers “very undervalued.” Targeted macroprudential measures, such as the recent relaxation of home and auto loan rules, will likely be Warjiyo’s main lever to revive bank lending and aid growth.The central bank insists it won’t unwind monetary support for the economy anytime soon, with demand and inflation still weak. Posted by 3 months ago. The 10-year yield rose to its highest in two weeks. These heightened geopolitical tensions are providing another argument for a bigger rate hike this week.Inflation peaked in March at the level last seen in late 2016, fueled by food prices and the weaker ruble. Nonetheless, an announcement to reduce QE purchases at the April meeting would be consistent with prior communications, even if a rate hike is still more likely to be an early-2023 event, in our view.”--Andrew HusbyBank of Canada DashboardBRICS CENTRAL BANKSPeople’s Bank of ChinaCurrent 1-year best lending rate: 3.85%Bloomberg Economics forecast for end of 2021: 3.85%The PBOC cut lending rates and deployed various quantitative tools to inject liquidity into the pandemic-hit economy last year, on top of asking banks to increase loans.