Eurozone March Flash HICP Rises to 1.3% Year-on-Year on Energy Costs
ZURICH(MaceNews) – Inflation in the Euro-area increased in March, rising 1.3% year-over-year, driven higher by rising energy costs, according to data released by Eurostat. The March result matched the median forecast of an Econoday survey of economists, and was well above the 0.9% rate in February. Compared to a month ago, prices also rose 0.9%, […]
Eurozone Economic and Consumer Confidence Improved in March
ZURICH (MaceNews) – Economic sentiment in the Euro-area rose sharply in March and is above it’s long-term average for the first time since the COVID-19 outbreak began, the European Commission said in its latest report Tuesday The Economic Sentiment Indicator (ESI) rose 7.6 points in March to 101.0, exceeding the median forecast of 96.0 in […]
Italy Eyes New USD-Denominated Bond Maturities in 2021, Aims To Become a ‘Frequent Issuer’ – Sources
By Silvia Marchetti ROME (MaceNews) – Italy aims to issue more USD-denominated bonds with new and potentially “unconventional” maturities this year as it seeks to become a “frequent issuer” and turn the U.S. operation into the cornerstone of its global issuance program, according to ruling coalition sources. “Our recent U.S. denominated bonds placement registered a […]
Germany’s IFO March Business Sentiment Rises Significantly
ZURICH (MaceNews) – German business sentiment rose significantly in March, to the highest level since June of 2019, as current conditions and the outlook components exceeded both expectations and the result of the previous month. The Ifo Institute’s Business Sentiment Index rose in March to 96.6 from a revised 92.7 (92.4) in February, beating the […]
Eurostat: Final Feb Inflation in Euro Area +0.9%/Feb
ZURICH (MaceNews) – Inflation in the Euro-area rose 0.9 percent in February, confirming the preliminary figure, Eurostat reported Wednesday. The February result matched the median of an Econoday survey of economist’s forecasts and was the same rate as in January. On a monthly basis, prices rose 0.2 percent. The overall gain was mitigated by a […]
BofA Global Fund Manager Survey: Inflation Jitters Knock COVID-19 Off Perch As Top ‘Tail Risk’
By Vicki Schmelzer NEW YORK (MaceNews) – Inflation jitters knocked COVID-19 off its long-held perch as the top “tail risk” feared by global investors, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Up until this month, COVID-19 has been the primary concern of fund managers since February 2020, the […]
Italy’s Govt Readies +Euro 20-20 Bln in Extra Deficit Spending to Tackle Pandemic, Delayed Vaccinations- Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government prepares to clear soon some EUR 20-30 billion in extra deficit spending to tackle the protracted pandemic with additional measures to support the recovery, according to ruling coalition sources. An official argued that the figure could be even higher if the economic outlook further worsens and there […]
Germany’s Economic Sentiment Improves in March; Inflation Seen Higher
ZURICH (MaceNews) – The outlook for Germany’s economy improved in March among financial experts, according to the latest report from the Mannheim-based ZEW institute. The index rose to 76.6 in March, beating the median of 75.0 in an Econoday survey of economic forecasts, rising 5.4 points from the February result. Since December 2020, the index […]
Italy’s Likely Funding Target for 2021 About 500B Euros, Possibly More – Sources
By Silvia Marchetti –Second Nationwide Lockdown to be Running Through Easter–‘Overall Picture Remains Gloomy and Uncertain’ ROME (MaceNews) – Italy’s bond issuance program for this year will likely be slightly higher than EUR 500 billion, in line with 2020 according to ruling coalition sources. There are roughly EUR 230 billion in maturing bonds’ rollover to […]
European Central Bank to Accelerate Asset Purchases to Combat Rising Bond Yields
By Laurie Laird LONDON (MaceNews) – The European Central Bank will accelerate purchases under its crisis quantitative easing programme, but otherwise left policy unchanged at Thursday’s Governing Council meeting, as it confronted the recent rise in bond yields. “There was consensus at the table of the Governing Council today,” said ECB President Christine Lagarde, briefing […]