FED’S POWELL: TO WATCH TO SEE IF CORP BOND BUYS NEEDED
–Don’t Want to Run Through Corporate Bond Market ‘Like an Elephant’ WASHINGTON (MaceNews) – Federal Reserve Chairman Jay Powell Tuesday underlined his question whether government’s coronavirus response will be sufficient, suggesting more will be needed, and he conceded the new “Main St.” lending program’s corporate bond purchases may no longer be as necessary as originally […]
BNK OF AMERICA GLOBAL FUND MANAGER SURVEY SEES CAUTIOUS OPTIMISM
–Fret Any Second COVID-19 Wave –World Stocks Deemed Most ‘Overvalued’ Since 1998 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in June were cautiously optimistic about world growth, but wary that a second wave of COVID-19 could weigh on economic prospects, according to the findings of BofA Global Research’s monthly fund manager survey, […]
DATA FLASH: US MAY RETAIL SALES SURGE BY 17.7% ON REOPENINGS
–Retail Sales Excluding Motor Vehicles Rose 12.4%; Vehicle Sales Surge 44.1%–Industrial Production Rose 1.4%, Motor Vehicle Production Rebounds by 120.8%–NAHB Index Jump To 58 in June From 37 in May, Suggests Stronger Home Building Ahead–Business Inventories Down 1.3% in April, Business Sales Down 14.4% By Kevin Kastner WASHINGTON (MaceNews) – As social distancing eased in […]
GERMANY’S ZEW ECONOMIC SENTIMENT INDEX SHOWS IMPROVED CURRENT CONDITIONS AND OUTLOOK
By Marco Babic ZURICH (MaceNews) – In a sign that the worst might be over for Germany’s economy, both current economic conditions and outlook improved in June, according to the ZEW institute in Mannheim. The Economic Sentiment Economic Index rose to 63.4 in June, improving 12.4 points from May. While current conditions improved by 10.4 […]