US Data Preview: Fed’s Powell Testimony, Durable Goods Orders, Revised GDP, Personal Income, New Home Sales
WASHINGTON (MaceNews) – The week ahead features a little look-ahead and a lot of look back, with perhaps some hints at how the first quarter is performing and a lot about how the patient Federal Reserve hopes to see a continuing recovery. The least informative of the lot may be Thursday’s update of the fourth […]
Japan Jan Exports Mark 2nd Straight Y/Y Rise on Global Silicon Cycle Uptrend
–Pre-Lunar Holiday Rush Shipments Also Supported Higher Export Growth —Japanese Carmakers Plan To Trim Output Amid Semiconductor Shortages By Max Sato (MaceNews) – Japanese exports posted the second straight year-on-year increase in January, reflecting the recent recovery trend in global demand for semiconductors, but the faster pace of increase from December was also due to […]
FRIDAY WASHINGTON SCHEDULES FROM MaceNews
WASHINGTON (MaceNews) – The following are Friday’s schedules for the White House, Treasury, the Capitol and for upcoming economic data: The White House DAILY GUIDANCE AND PRESS SCHEDULE FORFRIDAY, FEBRUARY 5, 2021 In the morning, the President and the Vice President will receive the President’s Daily Brief in the Oval Office. This meeting will be […]
DATA PREVIEW: JOBS REPORT, ISMS, FACTORY ORDERS
WASHINGTON (MaceNews) – After a week full of GameStop drama, the upcoming week’s data doesn’t seem to have nearly as much surprise potential, including the jobs report which few expect to contain much good news. Friday’s employment situation report is unlikely to paint a picture much different than the broad outlines depicted by the weekly […]
JAPAN DEC EXPORTS POST 1ST RISE IN OVER 2 YEARS AMID UNCERTAIN OUTLOOK
By Mas Sato (MaceNews) – Japanese exports recorded the first year-on-year gain in just over two years, as largely expected, thanks to a recent gradual pickup in global demand, but the outlook for one of the key growth drivers for slow domestic recovery remains uncertain amid a surge in new coronavirus cases in many parts […]
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 […]
US LABELS SWITZERLAND, VIETNAM CURRENCY MANIPULATORS; NOT CHINA
–Tracking China Interventions ‘Closely’ By Denny Gulino WASHINGTON (MaceNews) – The U.S. Treasury Department Wednesday signaled that Switzerland and to a much lesser extent Vietnam are manipulating their currencies, in part at least, for a competitive advantage in trade while China, having briefly been so designated up until January, was not included. Switzerland renewed its […]
JAPAN NOV EXPORTS UNEXPECTEDLY SLUMP, WEAK ENERGY PRICES KEEP TRADE IN SURPLUS
By Max Sato (MaceNews) – Japanese exports took one step back from the recent pickup trend and posted an unexpected fall in November, remaining below year-earlier levels for two years as the global economy faces pandemic-caused uncertainty, data released Wednesday by the Ministry of Finance showed. The outlook for domestic growth and a return to […]
ITALY’S G20 PRESIDENCY TO FOCUS ON ‘NEW MULTILATERALISM’ WITH BIDEN ADMIN. – SOURCES
By Silvia Marchetti ROME (MaceNews) – Italy’s G20 presidency aims to act as a European bridge toward a “new multilateralism” with the US administration of President-elect Joe Biden, said ruling coalition sources. “It’s an historical moment: it’s the first time Italy has the G20 presidency, and after too many years of US isolationism there is […]
STATUS CHECK COMMENTARY- STILL WAITING FOR YELLEN
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · President-Elect Joe Biden’s slate of foreign policy, national security and domestic security picks who made their formal debut Tuesday did not yet include Janet Yellen, who perhaps will get a solo event […]