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 […]
STATUS CHECK COMMENTARY- STILL WAITING FOR YELLEN
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President-Elect Joe Biden’s slate of foreign policy, national security and domestic security picks who made their formal debut Tuesday did not yet include Janet Yellen, who perhaps will get a solo event […]
STATUS CHECK – ‘WE’RE GOING TO WIN’ THEY BOTH SAID
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The election is far from decided at this midnight hour but it’s clear the blue wave was a fantasy, that the race turned out to be very tight with most states that […]
OPEC SEES PARTIAL OIL DEMAND RECOVERY IN 2021, EXPECTS MEMBERS TO GROW MKT SHARE
–US Shale Sector To Recover Quickly As Market Conditions Improve –Sees Longer-Term Decline In OECD Oil Demand, Increased Consumption In Non-OECD Region By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Influential oil group OPEC Thursday predicted a partial rebound in oil demand next year, although the coronavirus outbreak remains a major X-factor, […]
TEXT: UAE/ISRAEL ESTABLISH DIPLOMATIC RELATIONS
–Israel Agrees To Suspend Claim of Sovereignty Over West Bank WASHINGTON (MaceNews) – The following is the text of the joint statement among the U.S., Israel and the United Arab Emirates which Thursday became the third Arab country to formally declare peace with Israel: Joint Statement of the United States, the State of Israel, and […]
DATA FLASH: US INITIAL CLAIMS DIP AS FUTURE STILL UNDER DEBATE
–Initial Claims -228,000 to 963,000; First Reading Below 1 Million Under COVID–July Import Prices Rose 0.7%, But Only 0.2% Ex. Fuels By Kevin Kastner WASHINGTON (MaceNews) – As Congress and the White House continue to spar – or currently refuse to spar – on the future of the enhanced jobless claims program, initial claims fell by […]
DATA FLASH: US INITIAL CLAIMS SLOW; DURABLE GOODS ORDERS SURGE
–Initial Claims -60,000 to 1.480 Mln; Pace of Decline Continues To Flatten–May Durable Goods New Orders Jump 15.8%; Shipments Up 4.4%–Q1 GDP, Real PCE Both Unrevised As Analysts Focus On Massive Q2 Decline––May Adv Trade Gap -$74.3 Bln, Wholesale Inventories -1.2%; Retail -6.1% By Kevin Kastner WASHINGTON (MaceNews) – The massive amount of data released simultaneously […]
DATA FLASH: US INITIAL CLAIMS SLOW FURTHER; APRIL TRADE GAP WIDENS
-–Initial Claims -249,000 to 1.877 Mln; 38.8 Mln Total Under COVID–-Int’l Trade Gap $49.4 Bln vs $42.3 Bln In March; China Gap Surges-–Nonfarm Productivity Rev Up to -0.9%, Unit Labor Costs Rev Up to +5.1%. By Kevin Kastner WASHINGTON (MaceNews) – The U.S. initial claims data came in above expectations Thursday but still posted a ninth […]