Canada’s Central Bank Keeps Easing Stance To Support Pandemic-Hit Economy
By Max Sato (MaceNews) – Bank of Canada policy-makers are sticking to their stance to take their time unwinding quantitative easing amid growing uncertainty over global and domestic economic recovery. The bank’s Governing Council announced Wednesday that it is holding the target for overnight lending rates at 0.25% and maintaining the pace of weekly asset […]
Wednesday Washington Schedules from MaceNews
The White House DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, SEPTEMBER 8, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. After, the President will deliver remarks in honor of labor unions in the East Room. […]
Japan Q2 GDP Rebound Firmer Than Initially Estimated, Led by Capex Revision
By Max Sato (MaceNews) – Japan’s economic rebound in the April-June quarter was firmer than expected as business investment in upgrading factories and offices turned out to be stronger than previously reported, Cabinet Office data released Wednesday showed. Revised second quarter GDP data confirmed that consumer spending remained resilient despite on-and-off restrictions on economic activity […]
Germany’s Economic Sentiment Falls in Sept as Chip Shortages Contribute to Expectations Drop
ZURICH (MaceNews) – Economic sentiment in Germany fell in September as a sharp decline in expectations weighed in sentiment, according to the latest report from the ZEW Institute in Mannheim. ZEW’s economic indicator fell 13.9 points in the September survey to 26.5, coming in below the median of 30.0 in an Econoday survey of economists’ […]
Germany’s July Industrial Output Rose 1.0% M/M, Led by Capital Goods
ZURICH (MaceNews) – Industrial production in Germany rose 1.0 percent in July from the previous month, beating expectations on strong orders for capital goods, the Federal Statistics Office (Destatis) reported Tuesday. The increase exceeded the median forecast for a 0.1 percent monthly gain, according to the charteconomicdata.com calendar. Today’s result for production comes one day […]
Tuesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 7, 2021 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the […]
Japan July Household Spending Sluggish Amid Covid-19 Restrictions
By Max Sato (MaceNews) – Japan’s household spending was lackluster in July, posting a weaker-than-expected rise from a year earlier and marking the third straight month-on-month decline, as restrictions on economic activity lingered, data released Tuesday by the Ministry of Internal Affairs and Communications showed. The government is not imposing lockdowns in its efforts to […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, the State Department, USTR, the Capitol and for upcoming Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, SEPTEMBER 6 In the evening, the President will return to the White House from Wilmington, Delaware. The departure from Delaware Air […]
US Data Preview Commentary: PPI, JOLTS, Beige Book and Many, Many Questions
WASHINGTON (MaceNews) – This week – for many, the last gasp of summer – has less guidance in the form of fresh U.S. economic data than any week this year, and the two major reports that are arriving raise more questions than answers. Wednesday’s JOLTS report says so much about job openings and the record […]
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, USTR, the Capitol and for upcoming Federal Reserve events: The White House WEEKEND GUIDANCE AND PRESS SCHEDULE FORSATURDAY, SEPTEMBER 4, 2021 AND SUNDAY, SEPTEMBER 5, 2021 On Saturday and Sunday, the President has no public […]