ITALY TO SELL MORE USD-DENOMINATED BONDS IN 2021; NEW ‘GREEN’ SECURITIES – SOURCES
By Silvia Marchetti ROME (Mace News) – Italy’s government aims to issue more U.S. dollar-denominated bonds this year alongside new green bonds and retail securities aimed at supporting pandemic measures, according to ruling coalition sources. The goal is to keep diversifying the investor base through new issuances in foreign currencies both in the Global and […]
UK AGREES TO EUROPEAN UNION BREXIT DEAL
–Few Details But UK Claims Tariff/Quota-free Access for Goods Exports to EU By Laurie Laird LONDON (MaceNews) – With just a week left to run on the current transitional arrangement, the UK has agreed a trade deal with the European Union that will officially end Britain’s membership of the European Union. The UK left the […]
GERMANY’S ECONOMIC SENTIMENT IMPROVES DECEMBER DESPITE LOCKDOWN
By Marco Babic ZURICH (MaceNews) – Improved current economic conditions and expectations pushed overall economic sentiment in Germany higher in December, even with increased lockdown measures due to COVID-19. The Ifo Business Climate Friday rose to 92.1 in December from a revised 90.9 (90.7) the previous month, and was well above the median forecast of […]
BANK OF ENGLAND LEAVES POLICY UNCHANGED, BUT EXTENDS LENDING SCHEME
—MPC Hints at Symmetric Stance on Inflation Target, Willing to ‘Tolerate’ Inflation Overshoot By Laurie Laird LONDON (MaceNews) – The Bank of England left its main policy tools on hold after its latest rate-setting meeting on Wednesday, but extended the time frame of its supplemental lending scheme and hinted at a more symmetrical approach to […]
US LABELS SWITZERLAND, VIETNAM CURRENCY MANIPULATORS; NOT CHINA
–Tracking China Interventions ‘Closely’ By Denny Gulino WASHINGTON (MaceNews) – The U.S. Treasury Department Wednesday signaled that Switzerland and to a much lesser extent Vietnam are manipulating their currencies, in part at least, for a competitive advantage in trade while China, having briefly been so designated up until January, was not included. Switzerland renewed its […]
BoA FUND MANAGER SURVEY: GLOBAL INVESTORS EYE POST-COVID-19 RECOVERY IN 2021, PUT CASH TO WORK IN DEC
By Vicki Schmelzer NEW YORK (MaceNews) – In anticipation of a post-COVID-19 economic recovery in 2021, global investors began more markedly to put cash to work in December, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In December, a net 89% of fund managers looked for global growth […]
ITALY’S G20 PRESIDENCY TO FOCUS ON ‘NEW MULTILATERALISM’ WITH BIDEN ADMIN. – SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s G20 presidency aims to act as a European bridge toward a “new multilateralism” with the US administration of President-elect Joe Biden, said ruling coalition sources. “It’s an historical moment: it’s the first time Italy has the G20 presidency, and after too many years of US isolationism there is […]
GERMANY SEES REBOUND IN ECONOMIC SENTIMENT IN DECEMBER ON COVID-19 – ZEW
By Marco Babic ZURICH (MaceNews) – Economic sentiment in Germany bounced back in December from a decline the previous month, as pending approvals for a COVID-19 vaccine pushed expectations higher, the Mannheim based ZEW institute reported Tuesday. The Index of Economic Sentiment for Germany rose 16.0 points to 55.0 in December, well above the median […]
ITALY’S 5 STARS DISSIDENTS TO VOTE AGAINST ESM REFORM, GOVT AT RISK – SOURCES
By Silvia Marchetti ROME (MaceNews) – Dissidents within Italy’s 5 Stars Movement ruling party will vote Wednesday against authorizing the European Stability Mechanism reform, and their opposition could spur a government collapse, 5 Stars sources said. Premier Giuseppe Conte is scheduled to address parliament on Wednesday on Italy’s position ahead of a key European Union […]
NOTED BOE DOVE ADOPTS MORE CAUTIOUS TONE ON NEGATIVE RATES
By Laurie Laird LONDON (MaceNews) – One of the more dovish Bank of England rate setters has adopted more cautious view toward sub-zero interest rates in the UK, stressing that the development of a Covid vaccine could herald a more-rapid-than-expected return to normal financing conditions. Silvana Tenreyro, an external member of the Bank’s Monetary Policy […]