Germany’s Industrial Output Unexpectedly Contracted in May; Down 0.3% From April
ZURICH (MaceNews) – Germany’s industrial production unexpectedly fell in May compared to April, falling 0.3 percent, the Federal Statistics Office (Destatis) in Wiesbaden reported. Expectations were for a 0.5 percent increase for the month, according to the median of an Econoday survey of economists’ forecasts. The April result was revised higher to a decline of […]
Germany’s Economic Outlook and Current Conditions Diverge in July: ZEW
ZURICH (MaceNews) – The economic outlook in Germany for the next six months fell more than expected in July, while current conditions improved markedly, according to the latest report from the ZEW Institute in Mannheim. The Economic Sentiment indicator which measures economic expectations for the next six months fell 16.5 points in July to 63.3, […]
Italy To Push For ‘Permanent’ Pro-Growth Eurobonds, Common EU budget – Sources
By Silvia Marchetti ROME (MaceNews) – Italy will push for the creation of a ‘permanent’ European-wide debt tool scheme to support growth in a post-COVID world alongside a common EU budget, according to ruling coalition sources. “The eurobond issuance program adopted in the wake of the pandemic cannot be a one-off measure which will expire […]
Eurozone Economic Sentment Reaches 21-Year High in June
ZURICH (MaceNews) – Economic sentiment beat expectations in June to reach a 21-year high, according to the latest business and consumer survey published by the European Commission. The Economic Sentiment Index (ESI) rose for the fifth straight month to 117.9 in June for the Euro-area, rising from 114.5 the previous month and beating the median […]
Bundesbank’s Weidmann: Sharp Price Rises in Germany ‘Temporary;’ No Signs of Excessive Medium-Term Price Pressures
ZURICH (MaceNews) – Bundesbank President Jens Weidmann that current price increases in Germany are of a temporary nature and that he doesn’t see signs of higher inflation rates solidifying. In an interview with the business daily Handelsblatt, Weidmann said that “from our viewpoint, the sharp price increases in Germany are temporary and there aren’t signs […]
BofA Global Research Fund Manager Survey: Investors See Inflation As Transitory, Temper Still Solid Growth Expectations
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors in June maintained their view that any inflation pressure being seen currently and going forward would be transitory, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Growth expectations remained solid this month, but down from the lofty views seen earlier […]
Italy Pushes For Boosted NATO Strategy, Tougher Stance Towards Russia and China – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is pushing for an enhanced new alliance between the European Union and NATO and is adopting a tougher stance towards Russia and China, said ruling coalitions sources. “We’ve made it clear from the start that a less ambiguous and soft approach is needed in Europe on thorny […]
ECB to Continue Accelerated PEPP Purchases Despite Brighter Outlook
— Lagarde cites some “divergence of views” over policy stance By Laurie Laird LONDON (MaceNews) – The ECB will extend its accelerated pace of asset purchases despite a sharp upward revision to growth prospects, but President Christine Lagarde signaled some disagreement amongst rate setters about the appropriate policy stance. “There was some divergence on particular […]
Germany ZEW Economic Expectations Declined in June, But Current Conditions Surge
ZURICH (MaceNews) – The economic outlook in Germany for the next six months unexpectedly declined in June while the assessment of current economic conditions improved markedly, the most recent report from the ZEW Institute in Mannheim showed. ZEW’s Economic Expectations Index fell 4.6 points in June to 79.8, below the 85.3 median of an Econoday […]
German Factory Orders Unexpectedly Declined in April
ZURICH (MaceNews) – Orders for Germany’s manufacturing sector unexpectedly declined in April as large-scale orders fell, according to the latest data from the Federal Statistics Office (Destatis) in Wiesbaden. Factory orders fell 0.2 percent in April from the previous month, failing to meet expectations for a 1.0 percent increase according to the median of an […]