Preview: BOJ December Tankan to Show Major Manufacturer Sentiment Up for 3rd Straight Quarter on Improved Supply Chains, Lower Import Costs
–Major Non-Manufacturer Confidence Seen Unchanged; Inbound Spending High but Labor Shortages Bite –Firms in Many Sectors Likely to Be Wary of Near-Term Outlook Amid Slowing Global Growth –Large Firms Seen Revising Down Fiscal 2023 Capex Plans; Small Firms to Raise Theirs Further By Max Sato (MaceNews) – The Bank of Japan’s quarterly Tankan business survey […]
White House and Other Schedules for Friday, Dec 8
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR FRIDAY, DECEMBER 8, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]
Japan Q3 GDP Contraction Revised Down on Larger-Than-Expected Private Sector Inventory Drop; Domestic Demand Weak
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Revised Down to Slight Drop from Flat as Demand for Eating Out, Traveling Wanes Amid High Costs –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in four quarters […]
Japan October Household Spending Posts 8th Straight Y/Y Drop as Unusually Warm Weather Dents Heater Demand, Ceremony Costs Remain Low
–Eating Out Continues; Demand for Automobiles Solid on Improved Supply Chains, Easing Chip Shortages –Real Household Income Posts 13th Straight Y/Y Drop on Elevated Costs; Nominal Wage Growth Falling Behing Inflation By Max Sato (MaceNews) – Japan’s real household spending posted its eighth straight drop on the year in October, down a smaller-than-expected 2.5%, after […]
White House and Other Schedules for Thursday, Dec 7
WASHINGTON (MaceNews) – The following are Thursday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR THURSDAY, DECEMBER 7, 2023 In the afternoon, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Preview: Japan Q3 GDP Contraction Seen Unrevised, Confirming Sluggish Domestic Demand
–Slump Due to Net Exports Pullback, Private Inventories Plunge, Weaker Public Works, Capex –Consumption Flat in Initial Data as Pent-Up Demand for Eating Out, Traveling Wanes –Q4 GDP Seen Up but Faces Slowing Global Demand, Domestic Labor Shortages By Max Sato (MaceNews) – Japan’s first economic contraction in three quarters in the July-September quarter is […]
White House and Other Schedules for Wednesday, Dec 6
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, DECEMBER 6, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed […]
Preview: Bank of Canada Expected to Keep Policy Rate at 22-Year High of 5% in Light of Softer Economic Data While Warning Underlying Inflation Still Too High
By Max Sato (MaceNews) – The Bank of Canada is widely expected to hold its policy interest rate steady for a third straight meeting on Wednesday in the face of sluggish GDP data and an uptick in unemployment. But BOC policymakers are also expected to warn against being complacent about the risk of prolonged inflation […]
ISM: US Services Sector Expands for 11th Straight Month in November at Start of Holiday Season; Employment Grows Slightly
–ISM’s Nieves: Jobs Remain Mixed Bag; Some Firms Struggling to Secure Workers –Nieves: New Orders Expected to Show ‘Decent Numbers’ in January-March Quarter –Nieves: Inventory Buildup Due to Holiday and Flu Seasons By Max Sato (MaceNews) – Business activity in the U.S. services sector was in positive territory for the 11th straight month in November […]
White House and Other Schedules for Tuesday, Dec 5
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, DECEMBER 5, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. […]