Italy’s 5 Stars Movement Likely to Collapse; ‘Trump-Style’ Populism Over – Sources
By Silvia Marchettia ROME (MaceNews) – Italy’s populist Five Star movement is likely heading towards an implosion to the benefit of the entire ruling coalition and the country’s future, according to other allied party sources. “They’re lost, without a leader and a clear way forward. Many members have ditched the group while others eye to […]
ECB Lifts Inflation Target to 2%, Willing to Tolerate Overshoot
By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday lifted its inflation target to 2% and vowed to tolerate a short-term overshoot of the target. The new target is “not a ceiling,” said ECB President Christine Lagarde, presenting the Bank’s strategy review. Previously the bank aimed for a target of close to but […]
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 […]
Monday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Monday’s public schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULE FORMONDAY, JUNE 14 – WEDNESDAY, JUNE 16, 2021Monday, June 14, 2021 In the morning, the President will receive the […]
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 […]