ITALY TO SEEK MORE FLEXIBILITY OVER NEW EU RULES ON NPL’S – COALITION SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy wants greater flexibility over new tighter European-wide credit rules that could further worsen liquidity, according to ruling coalition sources. The new framework, that came into force on January 1, introduces stricter parameters for the ‘default’ classification on non-performing loans and so-called ‘calendar provisioning’ for write-offs, combining a 90-day […]
EURO-AREA ECONOMIC SENTIMENT PICKS UP IN DECEMBER
—Germany Sees Sentiment Stagnate By Marco Babic ZURICH (MaceNews) – Economic sentiment in the Euro-area was a positive note, rising in December from the previous month driven by “markedly higher” industrial and consumer confidence, the European Commission said in its latest Business and Consumer Survey report. Economic sentiment picked up 2.7 points in December to […]
STATUS CHECK COMMENTARY: WHAT NOW?
WASHINGTON (MaceNews) – The following is Wednesday night’s status check of developments in the U.S. that can influence economic, health and political outcomes: The images from the Capitol Wednesday have been burned into the national consciousness where they will remain, to be engraved in the history books, a “dark moment” said President Elect Joe Biden. […]
STATUS CHECK COMMENTARY: RISKS OF BACKLASH/BACKFIRE HAUNT DISSIDENT SENATORS
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Thirteen senators who will challenge Electoral College votes Wednesday are betting on the persistence of public opinion, at least that of the Trumpist base they’re appealing to, so that during their long terms […]
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 […]
EVANS: MON. POLICY WELL POSITIONED NOW; DECIDE IN SPRING ABOUT MORE QE
Can Adjust Pace, Duration of Bond Buys If Decide Need More Accommodation Not Concerned About Rising Bond Yields If Reflect Stronger Recovery Don’t Raise Funds Rate Until Inflation Overshoots 2%, Averages 2% By Steven K. Beckner (MaceNews) – Chicago Federal Reserve Bank President Charles Evans suggested Monday that, as far as he’s concerned, it would […]
MONDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Monday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, JANUARY 4, 2021 In-Town PoolWires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: CBSPrint: Washington ExaminerRadio: ABC Out-of-Town PoolWires: AP, Reuters, BloombergWire Photos: AP, Reuters, AFP, NYTTV Corr & Crew: CBSPrint: USA TodayRadio: SRN EST […]
JAPAN FACTORY OUTPUT PICKUP PAUSES IN NOV, SHIPMENTS SLIP, AMID PANDEMIC UNCERTAINTY
By Max Sato (MaceNews) – Japan’s industrial production marked time in November in its gradual recovery from the pandemic-caused slump after five straight monthly gains, with the level of output staying under year-earlier levels amid uncertainty over global growth, preliminary data released Monday by the Ministry of Economy, Trade and Industry showed. While noting factory […]
JAPAN DEC TOKYO CPI POSTS LARGEST Y/Y DROP IN 10 YEARS
–Sliding Energy Prices, Government-Led Travel Discounts Cited By Max Sato (MaceNews) – Consumer prices in Tokyo, a leading indicator of the national average, took the deepest dive in a decade in December, hit by falling food and energy prices as well as a controversial five-month-old government program to support the pandemic-hit tourism industry with hefty […]
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 […]