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 […]
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 […]
Italy’s Layoff Freeze Soon to End But Government Eyes Job ‘Incentives’, Confident In Recovery – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s pandemic layoff freeze will be lifted at the end of June but the recovery underway and special government incentives will likely push firms to keep their employees and potentially hire more, said ruling coalition sources. “The layoff freeze has been a key measure which was adopted right after […]
Euro Use Remained Near Historic Lows in 2020; Share of Official Reserves Falls
–ECB’S Panetta Hails Steadiness in Comparison with Sovereign Debt Crisis By Laurie Laird LONDON (MaceNews) – The euro’s share in global transactions remained at 19% in 2020, a performance hailed as an accomplishment by a senior ECB official given the low rates of return in the bloc. The share of euro transactions “has not decreased; […]
Eurozone Economic Sentiment Improves in May on Boost from Services
ZURICH (MaceNews) – Economic sentiment in the Eurozone rose to higher-than-expected levels in May, driven by a strong performance in the services sector, the latest report from the European Commission showed. The Economic Sentiment Index (ESI) rose to 114.5 in May from 110.5 in April, beating the median of 112.1 in an Econoday survey of […]
German Business Sentiment Rose in May to Highest Since May 2019; Manufacturers Expect Price Increases
ZURICH (MaceNews) – Business confidence among Germany companies improved markedly in May as they judged current conditions and future developments more positively, the latest figures released by the Munich-based IFO Institute showed. The Business Climate Index rose to 99.2 in May from a revised 96.6 (96.8) the previous month, and solidly beating expectations for a […]
Italy Govt To Extend Loans Freeze, State-Backed Guarantees – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to extend key pandemic state-backed guarantees for private investments and a loans payment moratorium by Friday, according to ruling coalition sources. Both measures, set-up in the wake of the COVID-19 crisis to help struggling firms’ and families access credit, are to due to expire in […]