Japan Oct Exports Slow on Parts Supply Delays; Steel, Machine Demand Solid
— Imports Up on Rising Energy Costs, Leading to 3rd Straight Trade Deficit By Max Sato (MaceNews) – Year-on-year growth in Japanese exports continued to lose momentum in October as Covid-triggered delays in parts supply from Southeast Asia, microchip shortages and congestion at international ports have forced carmakers and others to trim output and shipments, […]
Eurozone Inflation Again Driven Higher by Energy Costs
ZURICH (MaceNews) – Pushed by continued double-digit growth for energy costs, consumer prices in the Eurozone rose more than forecast for September, the latest data from Eurostat showed. Consumer prices as measured by HICP rose 3.4 percent in September according to preliminary figures, exceeding the median of 3.3 percent in an Econoday survey of economists’ […]
US Data Preview Commentary: Retail Sales, PPI, Hsing Starts, FOMC, New ‘Dot Plot’
WASHINGTON (MacNews) – The explosive snapback of consumer demand, company supply-chain and delivery workarounds and inventory reloading won’t be reflected nearly to the phenomenon’s full extent in Tuesday’s May retail sales report. Just as goods and services productivity being supercharged by firms compensating for the post-pandemic jamming of the economy won’t show up in quarterly […]
US Data Preview: FOMC/Powell News Conf; GDP, Personal Inc, Durables
WASHINGTON (MaceNews) – The week ahead promises no surprises, in the first-quarter GDP report, the FOMC meeting, durable goods report, the price of oil, the president’s address to Congress, the gradually improving trend of virus cases unless … . Unless you count the preternaturally moderate benchmark U.S. 10-year yield. At this writing 1.567%. Who at […]
Re OPEC+, ‘Prudence’ is Watchword as Production Limits Mostly Left in Place
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Major oil-producing countries Thursday voted to maintain limits on their collective output levels for another month, arguing that the still-cloudy global economic outlook requires a prudent approach. “The Meeting recognized the recent improvement in the market sentiment by the acceptance and the rollout of […]
Russia, Saudi Arabia Counsel Caution; Point OPEC+ to Maintaining Production Limits
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – The oil market might have bounced back and stabilized following the tumult of Spring 2020, when the onset of the COVID-19 pandemic put the global economy in a coma and crushed energy demand, but that doesn’t mean major oil producing countries should rush to […]
CAUTIOUS OPTIMISM SPURS OPEC-PLUS AGREEMENT OVER ‘GRADUAL’ 2021 SUPPLY INCREASE
By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Next year will be an uncertain year for the oil market, but promises of a global economic rebound – fueled by the COVID-19 vaccine – persuaded the OPEC-plus group of major oil producing countries Thursday to ease oil production limits starting in January. There […]
STATUS CHECK COMMENTARY – COMING UP, CATHARSIS, HEALING?
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Saturday makes it three days. Three days until catharsis, healing and finally a truce in the culture wars. You could see it on Fox News, where Sean Hannity was mellowing, praising candidate […]
STATUS CHECK ANALYSIS – WHERE THE BUFFALO ROAM – WITH NO MASKS
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · How many “gotchas” to go? Mockery and sarcasm, let’s go before time runs out. And above all, let’s not be too introspective and examine some of the fundamental assumptions American society has […]
OPEC SEES PARTIAL OIL DEMAND RECOVERY IN 2021, EXPECTS MEMBERS TO GROW MKT SHARE
–US Shale Sector To Recover Quickly As Market Conditions Improve –Sees Longer-Term Decline In OECD Oil Demand, Increased Consumption In Non-OECD Region By Brai Odion-Esene, SW4 Insights for Mace News WASHINGTON (MaceNews) – Influential oil group OPEC Thursday predicted a partial rebound in oil demand next year, although the coronavirus outbreak remains a major X-factor, […]