JAPAN Q3 GDP FORECAST TO SHOW SOME RECOVERY FROM Q2 PLUNGE
By Max Sato (MaceNews) – Japan’s gross domestic product for the July-September quarter is forecast by economists to show a 4.4% rise on quarter, or an annualized 19.0%, led by a rebound in net exports and consumer spending, recovering about half of the 7.9% plunge (28.1% annualized) in April-June caused by the pandemic. The median […]
DATA PREVIEW: RETAIL SALES PAYBACK DUE AFTER BRISK SEPTEMBER
By Kevin Kastner WASHINGTON (MaceNews) – A surprise jump in September retail sales, led by a surge in motor vehicle sales, was a blip in what appears to be a continued slowing trend in sales growth. October retail sales should rise only modestly when released next Tuesday following an outsized 1.9% jump in September. While […]
STATUS CHECK COMMENTARY- ELVIS IS LEAVING THE BUILDING – NOW WHAT?
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. A day like other days since the election, a president retweeting millions of Trump votes were “deleted” and Twitter tagging that and others as “disputed.” The retweet was from a posting by the […]
ECB, BOE SEE NO SILVER BULLET IN COVID VACCINE
–Both CenBanks Expected to Adjust Policy in December –Fed’s Powell Sees More Tech-Oriented, Less Job-Oriented Recovery By Laurie Laird LONDON (MaceNews) – Europe’s top central bankers welcomed the positive news on a Covid vaccine unveiled earlier this week, but warned that the region faces more economic pain before an inoculation becomes widely available. European Central […]
DATA FLASH: US OCTOBER CPI FLAT; JOBLESS CLAIMS FALL 48,000
–Core Prices Flat, Both Including and Excluding Energy Prices–Energy Prices Rose By 0.1%, But Gasoline Prices Down 0.5%. By Kevin Kastner WASHINGTON (MaceNews) – The October consumer price data were below expectations, with flat readings for both headline and core CPI. Both measures were expected to rise by 0.2%. The year/year rates for consumer inflation […]
STATUS CHECK COMMENTARY- OF TRADITION AND LEGACY
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Veterans Day saw the opening of the National Museum of the United States Army, a beautiful huge structure situated in the immense Fort Belvoir, one of the U.S. military’s most high tech installations […]
ITALY LIKELY TO ‘PRESS PAUSE’ ON MORE DEFICIT SPENDING; DEBT CONCERNS RISE – SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s ruling coalition parties are trying to limit further boosting pandemic deficit spending as fears of long-term debt sustainability rise, according to party officials. Despite pledges made in recent weeks to do “whatever it takes” to tackle the COVID-19 second wave and reassure markets, the “intention is to avoid […]
STATUS CHECK – VIRUS HITS WHITE HOUSE – AGAIN; BIDEN APPEALS FOR CALM
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. You had a dream, that there is now a president-elect and that all the uncertainty and anxiety of a long week started to fade away like long-ago birth pangs. In your dream President […]
DATA PREVIEW: A QUIET DATA WEEK GIVES INFLATION THE SPOTLIGHT
By Kevin Kastner WASHINGTON (MaceNews) – With little key data scheduled and the Veterans’ Day holiday falling in the middle of the week, the October inflation readings will get their moment to shine – or to disappoint. As has been the case since the FOMC shifted its emphasis on inflation to the backburner, it will […]
DATA FLASH: US OCTOBER PAYROLLS RISE 638,000, UNEMPLOYMENT RATE 6.9%
–Private Jobs Surge 906,000, Led by Leisure, Business Services, and Retail By Kevin Kastner WASHINGTON (MaceNews) – The October employment report Friday showed that even an uptick in COVID-19 cases couldn’t stop the ongoing recovery, with a solid increase in payrolls and a further dip in the unemployment rate. Nonfarm payrolls rose by 638,000 in […]