DATA FLASH: US SEPTEMBER PAYROLLS UP 661,000; UNEMPLOYMENT RATE 7.9%
–Leisure and Hospitality, Retail Sectors Lead Gain; Hourly Earnings +0.1% By Kevin Kastner WASHINGTON (MaceNews) – The September employment report Friday showed solid, but softer than expected payrolls improvement and a modest increase in hourly earnings. A sharp drop in local education payrolls was a key factor. At the same time, the unemployment rate fell […]
WHITE HOUSE ROILED AS TRUMP’S POSITIVE TEST RIPPLES THROUGH GOVT
–VP Pence, Tsy’s Mnuchin Test Negative; NYT Says Trump Has Mild, Cold-like Symptoms By Denny Gulino WASHINGTON (MaceNews) – As President Trump and the First Lady are restricted to their living quarters in the White House Friday, some of the implications of their COVID-19 diagnoses are being revealed minute by minute. Much, however, has not […]
STATUS CHECK – AS PANDEMIC RELIEF TALKS GO ON, A DEEPENING CRISIS
–Presidential Aide Hope Hicks Tests Positive WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Amazon said Thursday 20,000 of its 1.4 million employees have tested positive for the coronavirus and on Wednesday alone, another 41,000 cases were diagnosed positive across […]
DATA FLASH: US MANUFACTURING CONDITIONS EXPAND FURTHER
–ISM Mfg Index Falls Slightly to 55.4 in September, Below Expectations–Aug Construction Spending Stronger Than Expected;, Residential Surge–Personal Income Falls on Waning Benefits; PCE Gains Slowing–Initial Claims Decline Further; Continuing Claims Lowest Virus Count By Kevin Kastner WASHINGTON (MaceNews) – The September ISM index Thursday showed U.S. manufacturing sector activity expanded further, but at a […]
STATUS CHECK – AT LAST, ANOTHER ROUND OF PANDEMIC RELIEF – ALMOST
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Suddenly the clouds are parting and a compromise on another round of pandemic relief money is now the expected outcome of further talks between Treasury Secretary Stephen Mnuchin Thursday. The Capitol newspaper Roll […]
JAPAN DATA: BOJ SEPT. TANKAN SHOWS BUSINESS SENTIMENT UP SLIGHTLY
By Max Sato TOKYO (MaceNews) – Major Japanese firms, led by carmakers and electronics makers, reported their sentiment edged up in September from three months earlier as businesses in their key markets reopened cautiously amid the lingering coronavirus pandemic, according to the Bank of Japan’s quarterly Tankan business survey released Thursday. The key points from […]
DATA FLASH: US SECOND QUARTER GDP REVISED UP TO -31.4%
––Second Quarter PCE Revised Up to -33.2% From -34.1% Previously By Kevin Kastner WASHINGTON (MaceNews) – Second quarter U.S. GDP Wednesday was revised up slightly due to upward adjustments to consumption and residential fixed investment. Analysts will look past this data and toward the third quarter’s likely partial recovery. Second quarter GDP was revised up […]
BANK OF ENGLAND CHIEF CONTINUES TO REVIEW NEGATIVE RATES; DOWNPLAYS IMMINENT RATE CUT
By Laurie Laird LONDON (MaceNews) – The Bank of England is continuing to review the efficacy of negative interest in the UK, but the country’s leading central banker Tuesday downplayed the possibility of any policy change over the near term. The Bank is “doing the groundwork” on the benefit of sub-zero rates, but has “reached […]
DATA FLASH: US SEPTEMBER CONFIDENCE SURGES; OUTLOOK IMPROVED
–-Confidence in Both Current Conditions, Expectations Jump By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday surged to a reading of 101.8 in September, the strongest reading since March, from an upward revised 86.3 reading in August. The Conference Board noted both the current conditions reading and future expectations rose […]
EUROZONE ECONOMIC SENTIMENT SHOWS IMPROVEMENT BUT PACE SLOWS
By Marco Babic ZURICH (MaceNews) – Economic sentiment in the countries sharing the Euro improved in September, but at a slower pace than in previous months, the European Commission reported Tuesday. The Commission’s Economic Sentiment Indicator (ESI) rose to 91.1 in September, an improvement of 3.6 points from the 87.5 result in August. By comparison, […]