ECB’S LAGARDE URGES GOV’T, PRIVATE EQUITY SUPPORT FOR EUROPEAN TECH
–Lagarde Makes No Mention of Monetary Policy in Address to Frankfurt Banking Conference By Laurie Laird LONDON (MaceNews) – Up-and-coming European technology firms could greatly benefit from more extensive support from governments and from the private equity industry, according to the continent’s top central banker, outlining her views on the future of employment in a post-Covid […]
STATUS CHECK COMMENTARY- HISTORIC AND DARK, THE BATTLE INTENSIFIES
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The charm and wonder of Donald Trump’s machinations to tarnish the presidency of Joe Biden took a decidedly darker turn Thursday as the president took a step that might become more than a […]
ECB’S LAGARDE: ASSET PURCHASES, CHEAP FINANCING ARE KEY TOOLS VS LATEST DOWNTURN
By Laurie Laird LONDON (MaceNews) – Europe’s top central banker suggested that expanded asset purchases and enhancements to the Bank’s long-term finance scheme are best suited to counter the latest eurozone downturn, while urging national governments to keep the fiscal taps flowing. “While all options are on the table, the pandemic emergency purchase programme (PEPP) […]
STATUS CHECK COMMENTARY- THE ELECTIONS WERE FRAUD-FREE? YOU’RE FIRED.
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. “He had rid himself of the red sickness of battle.” So wrote Stephen Crane, in “The Red Badge of Courage.” Which relates to this presidential tweet: “The recent statement by Chris Krebs on […]
BANK OF ENGLAND: INFORMAL, NON-TARIFF BARRIERS POSSIBLE IN NO-DEAL BREXIT
–MPC’s Ramsden Sees Risk of ‘Trade Friction’ on Top of WTO Tariffs By Laurie Laird LONDON (MaceNews) — Bank of England leaders have begun to break their silence over the possibility of a no-deal Brexit, with a top policy maker voicing fears that a lack of cooperation between trading nations could introduce informal barriers to […]
LAGARDE HINTS AT REINTERPRETATION OF ECB MANDATE
–– Repeats HICP May Not Accurately Reflect Eurozone Inflation By Laurie Laird LONDON (MaceNews) – The leader of the European Central Bank hinted at a reinterpretation of the Bank’s price stability mandate and raised questions over the accuracy of the Bank’s key measure of inflation. “We have to be smart about the components that go […]
BoA GLOBAL MANAGER SURVEY: VACCINE HOPES, ELECTION, IMPROVED MACRO OUTLOOK BOOST INVESTOR SENTIMENT
By Vicki Schmelzer NEW YORK (MaceNews) – COVID-19 vaccine hopes, U.S. election results and an increasingly positive world macro outlook boosted investor sentiment in November, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In November, a net 91% of fund managers looked for global growth to strengthen in […]
DATA FLASH: RETAIL SALES GROWTH SLOWS, UP 0.3% IN OCTOBER
–Retail Sales Ex-Motor Vehicles Rise Only 0.3%; Clothing Sales Reverse–Industrial Production Jumps By 1.1% as Utilities Production Rebounds–Business Inventories Up 0.7% in September, Business Sales Up 0.6% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose only modestly in October, a much smaller increase than in previous months, the Commerce Department reported Tuesday. Total retail […]
BOE’S BAILEY URGES GREATER PRIVATE INVESTMENT IN COVID RECOVERY
— No Mention of Monetary Policy in Remarks to CityUK Conference By Laurie Laird LONDON (MaceNews) – The governor of the Bank of England has called for enhanced private investment to finance the UK’s economic recovery, lamenting low levels of business investment that pre-date the Covid slowdown. “We live in a time where there appears […]
STATUS CHECK COMMENTARY- TESLA NEWS VS MODERNA NEWS – A TIE?
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Was the big news of the day Moderna’s 94.5% efficacious vaccine candidate, sending that company’s stock up almost 10%, or Tesla being granted membership in the S&P 500 club beginning Dec. 21, an […]