@UBS says data center inducements boost local economies despite Nasdaq volatility
UBS economist Paul Donovan points out that data center inducements, such as school builds, are boosting local economies even while the Nasdaq trades with volatility. Household consumption patterns remain stable alongside the local buildout.
Meanwhile, rising oil prices driven by Gulf expectations are creating tension for monetary policy. Central banks lack the tools to address supply shocks directly, as seen in the Bank of England's hawkish rate hike paired with a "shrug" on oil.
UBS economist Paul Donovan points out that data center inducements, such as school builds, are boosting local economies even while the Nasdaq trades with volatility. Household consumption patterns remain stable alongside the local buildout.
Meanwhile, rising oil prices driven by Gulf expectations are creating tension for monetary policy. Central banks lack the tools to address supply shocks directly, as seen in the Bank of England's hawkish rate hike paired with a "shrug" on oil.