DATA PREVIEW: JOBS REPORT, ISMS, FACTORY ORDERS
WASHINGTON (MaceNews) – After a week full of GameStop drama, the upcoming week’s data doesn’t seem to have nearly as much surprise potential, including the jobs report which few expect to contain much good news. Friday’s employment situation report is unlikely to paint a picture much different than the broad outlines depicted by the weekly […]
FRIDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Friday’s public schedules for the White House, Treasury, the Senate and the House along with U.S. data: The White House 9:00 AM EST The President and The Vice President receive the President’s Daily Brief Oval Office Closed Press 10:00 AM Press Briefing by Press Secretary Jen Psaki 11:00 AM […]
JAPAN FACTORY OUTPUT POSTS 2ND STRAIGHT M/M SLIDE IN DEC BUT KEEPS Q/Q RISE
By Max Sato (MaceNews) – Japan’s industrial production slipped for the second straight month in December as the auto industry, which had led the recent pickup in overall output, took a breather amid the pandemic, while production of turbines and laptops lost some steam after recent gains, preliminary data released Friday by the Ministry of […]
JAPAN JAN TOKYO CPI DROP EASES AS GOVT SUSPENDS HOTEL DISCOUNTS AMID SURGING COVID-19 CASES
— Lower energy prices remain key factor behind y/y fall in CPI By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, made an unexpectedly large month-on-month rebound in January, as the government suspended discounts on leisure traveling amid surging new coronavirus cases, data from the Ministry of Internal […]
FED’S POWELL: PREMATURE TO TALK ABOUT EXIT FROM EASY MONETARY POLICY
By Steve Beckner –Vows Clear Communication Well Ahead of Any Tapering of QE–Downplays Concerns About Inflation, Asset Bubbles (MaceNews) – Federal Reserve Chairman Jerome Powell showed some impatience with talk of “exiting” from the Fed’s exceptionally easy monetary policies Wednesday and vowed to continue providing support to the economic recovery “until the job is done.” […]
ITALY FACES UPHILL ROAD FOR A ‘THIRD’ CONTE GOVERNMENT; MAJORITY STILL WEAK – SOURCES
By Silvia Marchetti ROME (MaceNews) – Ruling coalition parties are confident there will likely be a ‘third’ government ruled by outgoing premier Giuseppe Conte who resigned Monday but they warn that forming a new, stable majority able to put an end to Italy’s ongoing political crisis and avoid the risk of an early vote will […]
WEDNESDAY WASHINGTON SCHEDULES
WASHINGTON (MaceNews) – The following are Wednesday’s public White House, Treasury, House and Senate schedules: White House Schedule 9:00 AMIn-Town Pool Call TimeThe White House – In-Town Pool 9:30 AMThe President and The Vice President receive the President’s Daily BriefOval Office – Closed Press 12:15 PMPress BriefingPress Briefing by Press Secretary Jen Psaki, Special Presidential […]
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 […]
IFO: GERMAN BUSINESS CONFIDENCE DECLINES IN JANUARY ON CORONA
By Marco Babic ZURICH (MaceNews) – German business conditions started the year off on a negative note as the second wave of the COVID-19 pandemic pushed both current conditions and business expectations lower, the Munich-based Ifo Institute said in a report Monday. Ifo’s Business Climate Index for January fell to 90.1 in January from a […]
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 […]