BOJ December Quarter Tankan: Major Manufacturers’ Sentiment Posts 3rd Straight Rise on Improved Supply Chains but Outlook Cautious on High Costs, Labor Shortages
–Major Non-Manufacturers’ Confidence Up for 7th Straight Quarter –Many Sectors Expect Pullback in March in Payback for Recent Improvement –Large Firms’ Combined Fiscal 2023 Capex Plans Revised Down Only Slightly; Small Firms Raise Theirs Further By Max Sato (MaceNews) – Confidence among manufacturers and non-manufacturers in Japan all picked up more than expected in December […]
Preview: BOJ December Tankan to Show Major Manufacturer Sentiment Up for 3rd Straight Quarter on Improved Supply Chains, Lower Import Costs
–Major Non-Manufacturer Confidence Seen Unchanged; Inbound Spending High but Labor Shortages Bite –Firms in Many Sectors Likely to Be Wary of Near-Term Outlook Amid Slowing Global Growth –Large Firms Seen Revising Down Fiscal 2023 Capex Plans; Small Firms to Raise Theirs Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]
White House and Other Schedules for Monday, Dec 4
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, DECEMBER 4, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
US November ISM Manufacturing in Contraction for 13th Straight Month as Firms Trim Output, Headcount in Response to Soft Demand
–ISM Manufacturing Index Unchanged at Weaker-Than-Expected 46.7 in November –ISM’s Fiore: Sector at Lower End of Trough; Things Moving Very Slowly –Fiore: New Orders Still Down, No Idea Where They Will Be in December –Fiore: High Fuel Costs Are Negative as Energy Market Looks Set to Rise Again By Max Sato (MaceNews) – U.S. manufacturing activity was […]
White House and Other Schedules for Friday, Dec 1
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, DECEMBER 1, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
White House and Other Schedules for Thursday, Nov 30
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, NOVEMBER 30, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan October Industrial Production Posts 2nd Straight Monthly Rise on Bottoming Chip Market, Solid Vehicle Sales
–METI Survey: Output Likely to Fall in November, Rise in December –METI Keeps View: Output Taking One Step Forward, One Step Back –METI Repeats: To Watch Effects of Downside Risks to Global Growth, Rise in Inflation By Max Sato (MaceNews) – Japan’s industrial production made a solid start to the final quarter of 2023, posting its […]
White House and Other Schedules for Monday, Nov 27
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, NOVEMBER 27, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Japan September Core Machine Orders Post 1st Rise in 3 Months on Service Sector Demand for Computers
–Core Orders Slip Q/Q in July-September but Smaller Than Officially Forecast –October-December Orders Projected to Show Slight Rebound –Cabinet Office Keeps View: Machine Orders Pausing By Max Sato (MaceNews) – Japanese core machinery orders, the key leading indicator of business investment in equipment, rebounded an above-forecast 1.4% on the month in September after a slight […]
ISM: US October Services Sector in Expansion for 10th Straight Month but Slows Down Sharply in Light of Geopolitical Risks, Labor Costs and Shortages
–ISM’s Nieves: Purchasers’ Sentiment Mixed; Some Optimistic, Others Concerned about Inflation, Interest rates and Geopolitical events –Nieves: Too Early to Tell How Labor Strikes Will Affect Services Sector–Nieves: Given Rise in New Orders, Sector Might See an Uptick in November By Max Sato (MaceNews) – Business activity in the U.S. services sector was in positive […]