Italy To Issue Shorter Maturities in Q4 to Offset Higher Borrowing Costs; USD Issuance on Hold – Govt. Sources
–Weak Euro Means ‘Not Good Moment’ for USD Debt By Silvia Marchetti ROME (MaceNews) – Italy plans to issue more short- and medium-term debt in the fourth quarter to cope with surging borrowing costs, and U.S. dollar debt issuance is on hold, according to outgoing ruling coalition sources. The new debt securities will have 3-, […]
White House and Other Schedules for Tuesday, Oct 4
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, OCTOBER 4, 2022 In the morning, the President and the Vice President will receive the President’s Daily Brief. […]
Japan September Tokyo Core CPI Rises Further on Food, Durable Goods Amid Elevated Producer Costs 
Excerpts From US FSOC Digital Assets Report Recommendations: Risks Need to Be Addressed
WASHINGTON (MaceNews) – The Financial Stability Oversight Council of government regulators, including Treasury and the Federal Reserve, Monday recommended Congress consider additional guardrails for the crypto industry, increased enforcement of existing regulations and enhanced cooperation among the agencies, stopping short of endorsing any particular legislative measures currently being offered. In comments during the afternoon meeting, […]
US September ISM Manufacturing Survey Shows Signs of Slowdown; New Orders, Jobs Down
–ISM: New Orders, Employment Indexes Slip Back into Contraction –ISM: Firms Using Hiring Freezes, Attrition as They See Softer Demand in Future –ISM’s Fiore: Overall Index Just Above Growth Line but May Contract Soon By Max Sato (MaceNews) – U.S. manufacturing activity growth showed clear signs of a slowdown in September after holding up […]
White House and Other Schedules for Monday, Oct 3
WASHINGTON (MaceNews) – The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR MONDAY, OCTOBER 3, 2022 In the morning, the President and the First Lady will travel to Ponce, Puerto Rico. The departure from the South Lawn will be open press. The departure […]
BOJ September Meeting Summary: Watch for Inflation, Pandemic, Global Recession
By Max Sato (MaceNews) – Bank of Japan board members debated upside risks to inflation without substantial wage growth, which could be made worse by the lingering drag from the pandemic, according to the summary of opinions expressed at the bank’s Sept. 21-22 meeting released Monday. The summary, a preview of the minutes to be […]
BOJ Q3 Tankan Business Sentiment: Manufacturers Weaker, Services Up
–Manufacturers Cautious Amid Dimmer Global Growth Outlook –Services Upbeat as Govt Refrains from Imposing Strict Covid Rules –Business Confidence Seen Mostly Lower in December Amid Uncertainty –Firms, Large and Small, Further Revise Up Their Combined FY22 Capex Plans By Max Sato (MaceNews) – Confidence among major manufacturers in Japan unexpectedly slipped for the third straight […]
Japan MOF Data Shows Large Y2.84 Trln Yen-Buying Intervention on Sept. 22, First in 24 Years
By Max Sato (MaceNews) – Japan’s yen-buying operation conducted on Sept. 22 to keep lopsided market forces from weakening the yen further against the dollar, totaled a large Y2.838 trillion ($20.3 billion), according to monthly data released Friday by the Ministry of Finance for the period from August 30 through September 28. The intervention, the […]