BofA Global Research Fund Manager Survey: Global Investors Expect Above-Trend Growth, Inflation Peak in 2022
–Hawkish Central Bank Hikes Still Biggest ‘Tail Risk’ By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled at the start of 2022 looked for above-trend growth and an inflation peak in the coming year, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. In January, a net 1% of […]
Italy’s ESM Reform Approval Likely To Raise Tensions Between Ruling Parties, Government Buys Time – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s parliament has yet to approve the key European Stability Mechanism reform aimed at strengthening the banking union and is buying time over fears this will trigger tensions among ruling allies, according to government sources. The League party and the 5 Stars Movement, that have joined forces to support […]
German Economic Outlook Starts the Year on a Strong Note, ZEW Report Shows
ZURICH (MaceNews) – Economic sentiment in Germany came in well above expectations in January indicating that the economy is seen improving in the coming six months, as COVID cases are seen falling by summer, the latest report from the Mannheim-based ZEW institute showed. ZEW’s Index of Economic Sentiment rose to 51.7 in January from 29.9 […]
Japan Government Keeps Economic Pickup View After December Upgrade
— Consumers Brave Omicron Scare in Year-End, New Year Leisure Season — Production Improving on Easing Supply Constraints By Max Sato (MaceNews) – Japan’s government Tuesday maintained its economic overview after upgrading it last month for the first time in 17 months, saying consumer spending is picking up — despite rising Covid cases — and […]
BOJ Keeps Easing Stance, Sees Clearer Economic Pickup, Slight CPI Uptick
— BOJ Revises Down FY21 GDP Forecast, Upgrades FY22 Growth View — BOJ Board’s CPI Outlook for FY22, FY23 Revised Up Slightly to Just Above 1% — BOJ Vows to Continue Monetary Support Until 2% Inflation Target Achieved By Max Sato (MaceNews) – The Bank of Japan said Tuesday it is maintaining its interest rate […]
BOC Q4 Survey: Business Sentiment Up on Capacity Pressures, Demand Pickup
— Survey Conducted Nov. 15-Dec. 6, Before Surge in Omicron-Led Covid Cases — 67% of Firms in Canada See Above 3% Inflation Over 2 Years Vs. 45% in Q3 — BOJ Nov Consumer Survey: More Concerned About Inflation, Hard To Control By Max Sato (MaceNews) – Sentiment among companies in Canada continued improving toward the […]
Japan Nov Machine Orders Post 2nd Straight Rise as Supply Bottlenecks Ease
–Japan Govt Upgrades View: Machine Orders Showing Signs of Pickup By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, marked the second straight monthly gain in November as parts supply constraints continued easing and new Covid cases ebbed before the Omicron variant triggered a global resurgence, data […]
NY Fed’s Williams: ‘Makes Sense’ To Begin To Remove Accommodation
‘Dramatic’ Job Gains, High Inflation Means ‘Approaching’ Liftoff Doesn’t Expect Steep Rate Hikes; Rejects ‘Extreme Scenarios’ Funds Rate Should Go ‘Somewhere Above 2% Down The Road’ Unclear How Long After Liftoff Balance Sheet Shrinkage Will Start Not As Long As Last Time By Steven K. Beckner (MaceNews) – New York Federal Reserve Bank President John […]
Japan December Producer Prices Ease on Dip in Energy, Commodities Markets
— BOJ’s Corporate Goods Price Index Y/Y Rise Still at Over 4-Decade High — CGPI Dips M/M on Sharp Drop in Fuels, Easing in Non-Ferrous Metals By Max Sato (MaceNews) – Producer prices in Japan unexpectedly slipped on the month in December, reflecting a recent easing in energy and commodities markets, but the year-over-year increase, […]
FED BEIGE BK SEES MODEST EXPANSION, HIGHER PRICES, SOME COOLING OF EXPECTATIONS, SOME SUPPLY CHAIN STABILIZATION
WASHINGTON (MaceNews) – The latest Beige Book survey of economic conditions coast-to-coast saw a “modest” pace of expansion as 2021 ended, with some cooling of the generally optimistic expectations for the new year and some scattered improvement in transportation bottlenecks, the Federal Reserve reported Wednesday. The survey, assembled by the Kansas City Fed through January […]