ECB’s Schnabel Stresses ‘Duration’ of Monetary Policy Support
— Governing Council member Isabel Schnabel suggests limited scope for further rate cuts, QE By Laurie Laird LONDON (MaceNews) — A top European central banker acknowledged Friday the bank’s limited scope for further rate cuts and asset purchases, suggesting the ECB communicate its commitment to extend policy support over the longer term. “When financing conditions […]
Euro-area Economic and Consumer Sentiment Pick Up in February
ZURICH (MaceNews) – Improved confidence among consumers, industry and services bolstered economic sentiment in the euro-area in February, according to the latest report from the European Commission. The Economic Sentiment Index (ESI) rose to 93.4 in February from 91.5 in January and stands at the highest level since March 2020 when the index was 95.3. […]
Euro-Area CPI Rose 0.9% in January From a Year- Ago, Confirming Preliminary Reading
Zurich (MaceNews) – Consumer inflation in the Euro-area rose 0.9% in January from a year ago, according to final harmonized (HICP) figures released by Eurostat Tuesday. The increase, which confirmed the preliminary result released earlier this month, was led by services and non-energy industrial goods and matched the median of an Econoday survey of economists’ […]
German Business Sentiment Rose in February Despite Corona: Ifo
Zurich (MaceNews) – German business sentiment improved in February as both current conditions and expectations for the coming months improved, according to the latest report from the Munich-based Ifo Institute. The Ifo Institute’s Business Climate Index rose to 92.4 in February from a revised 90.3 the previous month (90.1), beating the median forecast in an Econoday […]
Italy’s PM Draghi Calls For Common EU Budget, Says Euro ‘Not Reversible’
By Silvia Marchetti ROME (MaceNews) – Italy’s Prime Minister Mario Draghi said on Wednesday that the euro is irreversible and called for a common European budget to tackle challenges ahead. In a keynote speech at the Senate ahead of a confidence vote, Draghi pledged to efficiently implement pandemic European direct aid and implement a series […]
BoA GLOBAL FUND MANAGER SURVEY; INVESTORS EYE SHARP REBOUND IN ’21; CASH LEVELS AT 8-YR LOW
–Lowest Bond Holdings Since March 2018 By Vicki Schmelzer NEW YORK (MaceNews) – Investors, anticipating a sharper rebound in global economic activity in 2021, put monies to work in February, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 91% of those polled looked for stronger economic […]
GERMAN ECONOMIC EXPECTATIONS RISE IN FEBRUARY: ZEW
ZURICH (MaceNews) – The outlook for Germany’s economy improved in February, with consumption and retail trade being the main drivers, according to the latest report released by the Mannheim-based ZEW Institute. The ZEW Indicator of Economic Sentiment rose to 71.2 in February, up 9.4 points from the January result, solidly exceeding the median forecast of […]
ITALY’S 5STARS NOW LIKELY TO HOLD ONLINE VOTE THURS. ON BACKING DRAGHI GOVT — SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement is now likely to hold an online vote starting Thursday morning on whether to back Mario Draghi’s government, despite the decision on Tuesday to delay it to when more program details would be known, according to sources. The timeframe to vote would likely be quite […]
ITALY’S 5 STARS LIKELY TO POSTPONE ONLINE PARTY VOTING ON DRAGHI’S GOVERNMENT, INCREASING HIS CHANCES OF SUCCESS IN RALLYING LARGE MAJORITY- SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s 5 Stars Movement will likely postpone a key online vote on whether to back Mario Draghi’s new government until there are more details of a shared ruling program among political parties, according to sources. The online voting, initially scheduled for Wednesday and Thursday, could be delayed until after […]
ITALY: DRAGHI APPEARS HEADED TOWARD WIDE MAJORITY BUT FACES CHALLENGE TO SET JOINT AGENDA, ASSEMBLE ‘MIXED’ GOVERNMENT
By Silvia Marchetti ROME (MaceNews) – Former European Central Bank chief Mario Draghi will likely have a broad majority to form a new government following support from his usual opponents but he faces a big challenge to define a shared program and set up a technocrat-political cabinet, according to political sources. Draghi received statements of […]