The increases were driven by broad based strength across all merchandise categories in their Kay and Jared jewelry chains, as well as its recent acquisition of the Ultra jewelry store chain.
Gold producers are expected to report increases in quarter-over-quarter profits, given recent strength in the price of gold and continuing operational cost containment.
The optimism is based not on an expectation of rapid or large increases in domestic sales, but rather on confidence in the continued strength of overseas market demand for Japanese products.
Dividend increases are a shareholder friendly action that we believe demonstrates the confidence that management has in the strength of the company going forward.
Central banks already look at asset markets for advance signals about the strength of the economy, but there are two reasons why central banks might want to respond more directly to increases in asset prices.