Japan May Factory Output Slumps As Chip Shortages Hit Carmakers
–May’s Sharper-Than-Expected 5.9% Drop Also In Reaction To April Gain — Japan’s METI Keeps Its View: Output Picking Up, Sees Rebound in June –METI Warns of Drag From Global Chip Shortages, Coronavirus Delta Variant By Max Sato (MaceNews) – Japan’s industrial production slumped at a faster pace than expected in May from the previous […]
Japan May Exports Continue Surging From Pandemic-Caused 2020 Slump
–Imports Also Jump on Higher Energy Costs, Leading To Trade Deficit By Max Sato (MaceNews) – Japanese exports posted a third straight month of a double-digit percentage surge from a year earlier in May, largely in reaction to pandemic-triggered sharp declines from March to August last year, particularly in the second quarter, data released Wednesday […]
US Data Preview: CPI, UMich, Household Wealth, FedSpeakers Quiet
WASHINGTON (MaceNews) – The week ahead seems designed to be a time of reflection given the consumer inflation reading is the single highlight, Federal Reserve speakers go quiet before the following week’s FOMC meeting, and we’re reminded how fortunate the United States is, increasing household wealth by likely double digits despite the pandemic. Actually the […]
German Business Sentiment Expected to Improve Slightly in May
ZURICH (MaceNews) – The business outlook among German companies is expected to have improved in May, data released tomorrow by Germany’s IFO Institute at 10am CET are expected to show. After failing to meet expectations for improvement the month before, The Business Climate Index is expected to improve to 98.0 in May from 96.8 in […]
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. […]