Japan April Core CPI Drop Limited; Higher Energy Eases Mobile Fee Slump
– Hotel Fees Up After Government Ended Subsidies For Travel in December – Private University Tuitions Up As Base Effect of Subsidies Wanes – Smaller Drop in Auto Insurance Premiums Also Ease Core CPI Drop By Max Sato (MaceNews) – Japan’s core consumer price index posted only a slight drop on year in April, as […]
Thursday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Thursday’s schedule for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORTHURSDAY, MAY 20, 2021 In the morning, the President will receive the President’s Daily Brief in the Oval Office. This […]
Japan April Exports Surge on Global Auto, Chip Demand
– Recent High Pace of Export Growth Also in Reaction to 2020 COVID Slump – Imports Also Show Sharp Rise As Energy Prices Recover By Max Sato (MaceNews) – Japanese exports posted the second straight month of a double-digit percentage increase from a year earlier, when the initial shock of coronavirus infections swept through the […]
Japan March Machine Orders Post Slight Rebound; Q2 Seen Up After Q1 Drop
By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded slightly in March amid the uncertain global economic outlook, data released Thursday by the Cabinet Office showed. Orders from manufacturers continued to fall while those from non-manufacturers rose. The key points from machinery orders data: * Core […]
FOMC Minutes Underline Stand-Still Stance With Promise of Ample Advance Notice of Tapering
WASHINGTON (MaceNews) – The minutes of last month’s Federal Open Market Committee meeting Wednesday repeated the emphasis on eventual ample advance notice of any tapering, and did not go as far as a couple of district bank presidents have since in suggesting the time is near to think about thinking about such a policy move. […]
Italy Govt To Extend Loans Freeze, State-Backed Guarantees – Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to extend key pandemic state-backed guarantees for private investments and a loans payment moratorium by Friday, according to ruling coalition sources. Both measures, set-up in the wake of the COVID-19 crisis to help struggling firms’ and families access credit, are to due to expire in […]
Eurozone April HICP +1.6% vs Year-Ago on Energy Prices
ZURICH (MaceNews) – Consumer prices in the Eurozone rose 1.6% from a year ago, increasing from the 1.3% pace in March as energy prices drove the HICP higher, according to data released Wednesday by Eurostat. Wednesday’s final result matched the preliminary report as well as the median forecast of an Econoday survey of economists. Energy […]
Wednesday Washington Schedules from MaceNews
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, the State Department, the Capitol and for upcoming economic data and Federal Reserve events: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 19, 2021 In the morning, the President will travel to New London, Connecticut. The departure from the Ellipse […]
Bank of England Governor: Unwinding of QE Could Begin By Discontinuing the Reinvestment of Proceeds
— Bank is carrying out a review as to how to best communicate a reduction in monetary support By Laurie Laird LONDON (MaceNews) — The Bank of England could call a halt to the reinvestment of maturing bond proceeds as a first step to reducing the extraordinary monetary accommodation extended to support the UK economy through […]
BofA Global Research Fund Manager Survey: Investors Pare Equity Positions, Increase Cash Holdings in May
By Vicki Schmelzer NEW YORK (MaceNews) – Global investors pared equity positions and increased cash holdings in May, driven by a rethink of growth and inflation expectations, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. A net 84% of those polled in May looked for stronger world economic growth […]