Italy’s Premier Meloni Tops Italian Rivals in EU Vote, Key to New European Power Balance
Italy’s Meloni gets boost in EU elections
Japan Q1 GDP Slump Revised Up Slightly to 1.8% from 2.0% Drop as Upward Revision to Private Inventory Buildup Offsets Larger-Than-Expected Export Drop
Japan GDP slightly better in revised report
Japan April Household Spending Posts 1st Y/Y Rise in 14 Months on Higher Education Costs, More Gift Money at Ceremonies; Autos, Package Tours Slip
Japanese household spending rises from year ago
ISM: US Services Sector Swings Back into Growth in May from April’s Brief Contraction but More Firms Concerned About High Interest Rates
US service sector business rebounds
Bank of Canada Cuts Policy Rate by 25 Basis Points to 4.75% as Widely Expected amid Easing Inflation, Slower Growth
Bank of Canada cuts interest rates
Preview: Bank of Canada Set to Cut Policy Rate by 25 Basis Points amid Signs of Easing Inflation, Slowing Economic Activity
By Max Sato (MaceNews) – The Bank of Canada is widely expected on Wednesday to lower its policy interest rate — the target for overnight lending rates — by 25 basis points to 4.75% to help reduce high mortgage rates and other borrowing costs in light of easing inflation and slower economic growth, but some […]
Fed’s Beige Book Shows Lukewarm Growth, Less Jobs Pressure, Retail and Auto Sales Mostly Flat
WASHINGTON (MaceNews) – The Federal Reserve’s survey of economic activity coast-to-coast Wednesday showed generally lackluster growth but only two districts – Dallas and Boston – with little or no improvement. The survey, prepared for the June 11-12 Federal Open Market by the Dallas Fed found most districts with ‘negligible to modest” job gains, prices increasing […]
Japan Government Keeps Its View on Economic Recovery, Downplaying Q1 GDP Slump as Mainly Caused by Temporary Vehicle Output Suspension
Japan government keeps view on economy
Japan April Core CPI Annual Rate Eases to 3-Month Low of 2.2% on Smaller Processed Food, Durable Goods Price Gains; Overall Energy Costs Edge Up After Long Drop
–Total CPI +2.5% Y/Y Vs. +2.7% in March Despite High Fresh Food Prices–Core-Core CPI (Ex-Fresh Food, Energy) Annual Rate Eases to 19-Month Low of 2.4% By Max Sato (MaceNews) – Consumer inflation in Japan moderated in all three key measures in April in light of easing food and durable goods markups, offsetting the slight upward […]
Japan April Export Rise Led by Automobiles, Semiconductors; Trade Balance Slips Back into Deficit after March Surplus
autos, semiconductors lead Japanese export rise