BOE HOLDS POLICY, KEEPS SUB-ZERO RATES UNDER REVIEW DESPITE CONSUMER RECOVERY
— Bank predicts 18% gain in Q3 GDP By Laurie Laird LONDON (MaceNews) – The Bank of England maintained its current policy stance at its latest rate setting meeting, but admitted that negative interest rates remain under review, despite forecasting a sharp economic rebound in the third quarter. Bank forecasters predict an 18% surge in […]
STATUS CHECK: ANOTHER DAY, ANOTHER 1,000 US VIRUS DEATHS
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · Hours of testimony by the nation’s pandemic experts before the House virus oversight committee Friday should have updated the nation with a factual treasure trove of information but instead was mostly a […]
GERMAN BUSINESS SENTIMENT IMPROVED FOR 3RD CONSECUTIVE MONTH
By Marco Babic ZURICH (MaceNews) – Business confidence in Germany improved for the third consecutive month, beating market expectations and showing German businesses are more optimistic about the future, the IFO Institute reported Monday. The Ifo Institute’s Business Climate Index rose to 90.5 in July from a revised 86.3 (86.2) in June, beating the median […]
BofA GLOBAL RESEARCH FUND MANAGER SURVEY: INVESTORS OPTIMISTIC RE REBOUND
–Nevertheless, Fret Second COVID-19 Wave By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in July were optimistic about a rebound in economic activity, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In July, a net 72% of fund managers looked for global growth to strengthen in […]
EUROZONE ECONOMIC SENTIMENT ROSE BY RECORD AMOUNT IN JUNE
ZURICH (MaceNews) – Economic sentiment in the countries sharing the euro increased by a record amount in June, extending the turnaround which started in May, with employment expectations also increasing, the European Commission reported Monday. Economic sentiment improved to 75.7 in the euro area, rising 8.2 points, which is the largest monthly increase on record, […]
GERMAN CONSUMER CONFIDENCE IMPROVES AS ECONOMY REOPENS: GFK
ZURICH (MaceNews) – German consumers appear more optimistic as economic stimulus and the opening of the economy are boosting expectations, Germany’s Gfk Institute reported Thursday. GfK projects that its measure of consumer confidence will be -9.6 in July, an improvement from a revised -18.6 (-18.9) in June, rising for a second consecutive month. However, GfK […]
GERMAN BUSINESS SENTIMENT JUMPS BY RECORD AMOUNT IN JUNE
By Marco Babic ZURICH (MaceNews) – Business sentiment in Germany improved by a record amount in June, with current conditions and the expectations components rising in tandem, Ifo Institute reported Wednesday. The IFO Institute business sentiment index rose by a record amount to 86.2 in June from a revised reading of 79.7 (79.5) in May. […]
BNK OF AMERICA GLOBAL FUND MANAGER SURVEY SEES CAUTIOUS OPTIMISM
–Fret Any Second COVID-19 Wave –World Stocks Deemed Most ‘Overvalued’ Since 1998 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in June were cautiously optimistic about world growth, but wary that a second wave of COVID-19 could weigh on economic prospects, according to the findings of BofA Global Research’s monthly fund manager survey, […]
GERMANY’S ZEW ECONOMIC SENTIMENT INDEX SHOWS IMPROVED CURRENT CONDITIONS AND OUTLOOK
By Marco Babic ZURICH (MaceNews) – In a sign that the worst might be over for Germany’s economy, both current economic conditions and outlook improved in June, according to the ZEW institute in Mannheim. The Economic Sentiment Economic Index rose to 63.4 in June, improving 12.4 points from May. While current conditions improved by 10.4 […]
WHITE HOUSE WATCH COMMENTARY: NECESSITY BRINGS INNOVATION AMID TURMOIL
By Denny Gulino WASHINGTON (MaceNews) – Who would have guessed you can track government spy planes above Washington protests via certain Web sites, or that a bankrupt Hertz can consider issuing stock or that the ubiquity of smartphones would transform the legacy of slavery forever? We’re learning so much as 2020’s second half begins. That […]