GERMAN BUSINESS SENTIMENT CONTINUED TO IMPROVE IN AUGUST
By Marco Babic ZURICH (MaceNews) – Business sentiment in Germany improved for the fourth consecutive month in August as both current conditions and expectations for the situation in the next six months rose. The Ifo Index of Business Sentiment rose to 92.6 in August, slightly above the median forecast of 92.4 in an Econoday survey […]
DATA PREVIEW: STIMULUS GRIDLOCK, COVID CUTS INTO CONFIDENCE
By Kevin Kastner WASHINGTON (MaceNews) – The inability to pass new stimulus measures in the face of rising COVID-19 cases likely had a dampening effect on consumer confidence in August, even as interest rates have hit rock-bottom, gasoline prices are low and with the U.S. stock markets to a large extent having eclipsed their pre-COVID […]
DATA FLASH: EXISTING HOME SALES NOW IN ‘BOOMING PHASE’
-Existing Home Sales Surge by 24.7% to a 5.86 Mln Rate, High Since 2006-Supply Continues To Contract, Lifting Prices To Record High-Markit Flash Data Rise, Contradicting Regional Data to Date By Kevin Kastner WASHINGTON (MaceNews) – U.S. existing home sales surged to a 14-year high in July on record low mortgage rates and an increased […]
STATUS CHECK: OF SIDESHOWS AND MAIN EVENTS
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: In the latter half of August, all kinds of news. Another former top aide to the president indicted. A 77-year-old white man accepts the nomination to be president. A coronal mass ejection – […]
DATA FLASH: US INITIAL CLAIMS, PHIL FED INDEX DISAPPOINTS
–-Initial Claims +135,000 to 1.106 Mln In August 15 Week–-Philadelphia Fed Index Falls to 17.2 in August from 24.1 in July–-Leading Indicators Index Rises 1.4%/July, But Suggests Recovery Slowing By Kevin Kastner WASHINGTON (MaceNews) – The future of the enhanced jobless claims program remains uncertain as talks between the Administration and Congress have gone silent, but […]
STATUS CHECK: IF YOU CAN’T SAY SOMETHING NICE … SPEAK AT THE DNC
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: The exposition of democratic ideals brought down to Earth or simply a political culture war, the insults flew, the arrows of invective were launched at the enemy, the Democrats railed against the man […]
FOMC MINUTES AS EXPECTED, WITH LESS INTENSITY THAN SUBSQUENT COMMENTS
WASHINGTON (MaceNews) – The Federal Open Market Committee minutes released Wednesday offered no insights into Fed thinking beyond what has been revealed in participant comments since the meeting, in some cases with considerably less emphasis, that uncertainty is high and that downside risks are prevalent. Recent comments by Boston Fed President Eric Rosengren and Dallas […]
BoA GLOBAL FUND MNGR SURVEY: INVESTORS INCREASE EQUITY HOLDINGS, TRIM BOND UNDERWEIGHT
–Inflation Concerns Broaden –US Election Deemed 3rd Biggest Tail Risk, Behind Covid/US-China Trade By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were confident enough about global growth to increase their equity holdings and pare back their bond underweight, according to the findings of the BofA Global Research’s monthly fund manager survey, […]
DATA FLASH: JULY HOUSING STARTS SURGE, SUGGEST SUPPLY SURGE
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. July home building data, released Tuesday, were much stronger than expected and show that the record low mortgage rates are encouraging an increase in supply to meet the demand for new homes. The pace of housing starts rose by 22.6% to a 1.496 million annual rate, well […]
STATUS CHECK: NOT THE TIME TO PINE FOR NATIONAL UNITY AS ELECTION APPROACHES
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: “I wish that when we went into lockdown we looked like Italy.” Quote of the day, from Dr. Deborah Birx, Corona Virus Task Force coordinator, to KARK-TV. Is it true, as she said, […]