UPDATE: Pres Biden Upgrades Sanctions Vs Russia; ‘It’s a War Without a Cause’
By Frank Csongos and Denny Gulino WASHINGTON (MaceNews) – President Joe Biden announced Thursday new economic sanctions on Russia to punish its military invasion of Ukraine. Biden denounced Russian President Vladimir Putin of waging “naked aggression” and pledged Russia will bear the consequences. “It’s a war without a cause,” he said. Biden said the U.S. […]
Analysis: Canada’s Economy Survives Anti-Covid Mandate Blockade, Reputation at Stake
By Max Sato (MaceNews) – The Canadian economy appears to have emerged little hurt overall from a temporary blockade of its key US trade route caused by a truckers-led protest against anti-Covid mandates, but the government failure to prevent occupations of crucial border crossings and the national capital has tarnished the country’s reputation as an […]
Japan January Core CPI Rise Shrinks as Hotel, Insurance Upward Base Effects Wane
— Both Core and Total CPI Measures Mark 5th Straight Y/Y Gains on Energy — Utilities Push Up Overall Energy Costs; Durable Goods Prices Slide By Max Sato (MaceNews) – Consumer prices in Japan posted the fifth straight year-on-year rise in January but the pace of increase decelerated sharply as the 2021 base effects of […]
Japan Government Downgrades View: Some Weakness Seen in Pickup Hit by Covid
— Pickup in Consumption Pausing on Resumed Covid Restrictions — Business Investment Moving Upward as Seen in Q4 GDP Rebound By Max Sato (MaceNews) – Japan’s government Thursday downgraded its economic overview for the first time in five months, noting the recent spike in coronavirus cases sparked by the Omicron variant is hurting consumer spending, […]
Japan January Exports Post 11th Straight Rise on Reopening Demand but Pace Slows
–Import Gain Remains High on Energy, Leading to 6th Straight Trade Deficit –Exports to China Slip Leading to Lunar New Year Holidays –Auto Shipments Slide After Recent Pickup on Easing Supply Bottlenecks By Max Sato (MaceNews) – Japanese exports rose from a year earlier for the 11th straight month in January but at a slower […]
Japan December, Q4 Machine Orders Continue Rising; Slight Setback Seen in Q1
–Japan Government Upgrades View for 2nd Month: Machine Orders Picking Up By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, unexpectedly posted a third straight monthly gain in December, boding well for capital investment, which marked a modest rebound in October-December to support Q4 GDP growth, data […]
Pres Biden: Haven’t Verified Any Russia Withdrawal; GOP Prepares Sanctions Bill
By Eric Ham WASHINGTON (MaceNews) – President Biden Tuesday said he has not verified Russia claims it is withdrawing some forces from nearby Ukraine as Republicans prepare their own sanctions legislation. In a brief statement delivered as U.S. stocks were posting gains on the possibility of a Russian drawdown, the president tempered the optimism with […]
Economic Sentiment Improved in Germany During February, ZEW Says
ZURICH (MaceNews) – Economic sentiment in Germany improved in February, up 2.6 points to 54.3, according to the latest report from the Mannheim-based ZEW Institute. Today’s result was exactly in line with the median of 54.3 in an Econoday survey of economists’ forecasts. Moreover, current conditions were also seen in a more positive light, improving […]
Japan Q4 GDP Rebounds as Parts Supply Improves, Covid Cases Subside
–Growth Led by Sharp Rise in Consumption, Modest Gains in Capex, Net Exports –Q1 GDP Faces Downside Risks As Govt Resumes Restrictions To Fight Rapid Covid Spread –Japan’s Economy Posts 1st Growth in 3 Years in 2021 By Max Sato (MaceNews) – Japan’s economy rebounded in the October-December quarter, after contracting in July-September, as the […]
Future of US Inflation Depends on Shelter Costs Flywheel
By Denny Gulino WASHINGTON (MaceNews) – Last month’s strong rate of increase in consumer prices reported Wednesday was the same, and for some major categories less, than in the previous month, suggesting that mathematical base effects will force indicated inflation to decelerate later this year. Most significantly, shelter costs, that contribute a third of all […]