US Data Preview: New Home Sales, Revised GDP/Personal Income, Durables Orders … and FOMO
WASHINGTON (MaceNews) – In the cryptos – fear, uncertainty and doubt. For U.S. stocks, hit “resume” already and stay there. For that U.S. 10-year yield, is it still under 1.65%? The fifth month of this recovery year is almost over and still things feel tentative. The reopenings are becoming universal and the return-to-the-office notices are […]
Japan April Exports Surge on Global Auto, Chip Demand
– Recent High Pace of Export Growth Also in Reaction to 2020 COVID Slump – Imports Also Show Sharp Rise As Energy Prices Recover By Max Sato (MaceNews) – Japanese exports posted the second straight month of a double-digit percentage increase from a year earlier, when the initial shock of coronavirus infections swept through the […]
Saturday/Sunday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are the schedules for Saturday and Sunday for the White House, Treasury, the State Department, Capitol Hill and for upcoming economic data and Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, APRIL 24, 2021 AND SUNDAY, APRIL 25, 2021 On Saturday morning, the President and the […]
Japan Mar Exports Rebound Sharply on China, U.S. Recovery Demand
By Max Sato — Exports to U.S., EU Rebound in March; Asian Demand Remains Solid— Japan’s FY20 Exports Dip for 2 Years in a Row; Trade in Surplus (MaceNews) – Japanese exports rebounded more strongly than expected in March after a temporary slip in February and pre-Lunar New Year rush shipments in January, maintaining a […]
US Tsy’s FX Report Finds No Formal FX Manipulators, Adds to Monitoring List
WASHINGTON (MaceNews) – The U.S. Treasury Department, in its latest evaluation of whether other countries use foreign exchange as a means to boost its competitiveness in trade under criteria set by two different laws, gave China and every other country a pass, but added to its list of countries it closely monitors. The summary of […]
Friday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, MARCH 26, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. […]
DATA PREVIEW: JOBS REPORT, ISMS, FACTORY ORDERS
WASHINGTON (MaceNews) – After a week full of GameStop drama, the upcoming week’s data doesn’t seem to have nearly as much surprise potential, including the jobs report which few expect to contain much good news. Friday’s employment situation report is unlikely to paint a picture much different than the broad outlines depicted by the weekly […]
IMF’S WORLD ECONOMIC OUTLOOK: WORLD GROWTH REVISED +0.3 TO 5.5%
WASHINGTON (MaceNews) – The International Monetary Fund’s January update to its World Economic Outlook Tuesday saw world growth revised up 0.3 to 5.5%, fueled by a vaccine-propelled recovery. Last year’s performance benefited from a stronger than previously seen second half and it was revised up 0.9 to a contraction of 3.5%. U.S. growth was revised […]
DATA PREVIEW: 4Q GDP, IMF’S WEO, FOMC, DURABLE GOODS
WASHINGTON (MaceNews) – The upcoming week is packed with economic data, including the fourth quarter GDP, as well as a Federal Open Market Committee policy update and Chair Jay Powell’s news conference, and an update to the IMF’s World Economic Outlook. The GDP report is Thursday. The various GDPNow estimates don’t agree, with the New […]
ITALY’S G20 PRESIDENCY TO FOCUS ON ‘NEW MULTILATERALISM’ WITH BIDEN ADMIN. – SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s G20 presidency aims to act as a European bridge toward a “new multilateralism” with the US administration of President-elect Joe Biden, said ruling coalition sources. “It’s an historical moment: it’s the first time Italy has the G20 presidency, and after too many years of US isolationism there is […]