WHITE HOUSE WATCH COMMENTARY: SOMETHING OFF KILTER IN A SHAKY WEEK
By Denny Gulino WASHINGTON (MaceNews) – There were moments in the week just past when everything made sense, virus deaths were leveling in many areas including the New York City metro, the government’s efforts to massively ramp up the acquisition and production of medical gear were on track and the markets were moderately positive. The […]
FULL COVID SHUTDOWN IMPACT WILL BE ON DISPLAY IN NEXT WEEK’S US DATA
By Kevin Kastner WASHINGTON (MaceNews) – After a week that showcased weakness in the U.S. housing market, analysts and financial market participants should prepare themselves for even more disappointing data next week. The mid-week FOMC meeting gives the Committee an opportunity to offer more consoling words, but any new actions would be even more appreciated. […]
IFO: GERMAN BUSINESS SENTIMENT DROP ‘CATASTROPHIC’
–Sentiment Falls to Record Low on Virus Effect By Marco Babic ZURICH (MaceNews) – Business conditions in Germany worsened dramatically in April on the pandemic effect, according to the Ifo Institute, as Ifo’s business sentiment index fell to a historic low of 74.3 from a revised 85.9 (86.1) in March. Both current conditions and expectations […]