Category: Data

DATA PREVIEW: ODD THANKSGIVING CAPS OFF A BUSY WEEK

By Kevin Kastner WASHINGTON (MaceNews) – As a result of surging COVID cases, the upcoming Thanksgiving holiday will be the strangest on record, with a Zoom screen at the other end of the table rather than relatives. It could prevent the spread of COVID, but it may also prevent the usual Thanksgiving sporting event in […]

COVID RESURGENCE RAISES EU FINANCIAL STABILITY RISKS, AFFECTS GROWTH OUTLOOK – BOI

By Silvia Marchetti ROME (MacsNews) – The second COVID-19 wave hitting Europe and in Italy is raising financial stability risks and could worsen the outlook, the Bank of Italy warned Friday in its Financial Stability Report.  Even though summer’s economic recovery was greater than expected also thanks to the support of monetary policy, “the risks […]

STATUS CHECK COMMENTARY- HISTORIC AND DARK, THE BATTLE INTENSIFIES

WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The charm and wonder of Donald Trump’s machinations to tarnish the presidency of Joe Biden took a decidedly darker turn Thursday as the president took a step that might become more than a […]

JAPAN OCT CPI DROP DEEPER ON WEAKER ENERGY, GOVT-FINANCED TRAVEL DISCOUNTS

By Max Sato (MaceNews) – Japanese consumer prices posted a sharper drop in October as energy costs were slow to recover amid the global pandemic and the government campaign to save the hard-hit tourism industry by subsidizing hefty discounts had a wider impact, data from the Ministry of Internal Affairs and Communication released Friday showed. […]

DATA FLASH: U.S. OCTOBER EXISTING HOME SALES ADVANCE FURTHER

–Existing Home Sales Rise by 4.3% to a 6.85 Million Rate, High Since Feb 2006 By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales surged again in October are now at the highest point since February 2006. National Association of Realtors Chief Economist Lawrence Yun said the data are “amazing” and noted that 2020 […]

STATUS CHECK COMMENTARY- EMPTY CLASSROOMS AGAIN; MORE COMING WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. The order to close New York City schools beginning Thursday was unwelcome in the extreme but Mayor Bill de Blasio said it was necessary. The […]

STATUS CHECK COMMENTARY- THE ELECTIONS WERE FRAUD-FREE? YOU’RE FIRED.

WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. “He had rid himself of the red sickness of battle.” So wrote Stephen Crane, in “The Red Badge of Courage.” Which relates to this presidential tweet: “The recent statement by Chris Krebs on […]

JAPAN OCT EXPORT DROP SMALLER THAN FORECAST AMID GRADUAL PICKUP

By Max Sato (MaceNews) – Japanese exports stayed on course toward gradual recovery in October, marking a much smaller year-on-year drop than expected, thanks to solid demand for automobiles and semiconductor-making equipment, trade data released Wednesday by the Ministry of Finance showed. But both economists and Japanese policymakers warn that the outlook for external demand […]

LAGARDE HINTS AT REINTERPRETATION OF ECB MANDATE

–– Repeats HICP May Not Accurately Reflect Eurozone Inflation By Laurie Laird LONDON (MaceNews) – The leader of the European Central Bank hinted at a reinterpretation of the Bank’s price stability mandate and raised questions over the accuracy of the Bank’s key measure of inflation. “We have to be smart about the components that go […]