EUROZONE OCTOBER MANUFACTURING PMIS HIT TWO-YEAR HIGH
–Germany Accounts For Much Of Rise By Laurie Laird LONDON (MaceNews) — Business activity at European factories accelerated to a more than two-year high in October, according to purchasing managers’ indexes released by IHS Markit on Monday, confirming the European Central Bank’s forecast of continuing industrial strength. The Eurozone manufacturing PMI jumped to 54.8 last […]
DATA PREVIEW: OCTOBER EMPLOYMENT REPORT TAKES A RARE BACKSEAT
By Kevin Kastner WASHINGTON (MaceNews) – It takes a lot to knock the employment report off its perch as the week’s most important economic event, but that will be case in the upcoming week. By the time we get to Friday’s release for October, fatigue may have set it. Obviously, the main event for the […]
STATUS CHECK COMMENTARY – STOWING THE AMMO BEFORE ELECTION DAY
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Does anyone still care that House Speaker Nancy Pelosi and Treasury Secretary Stephen Mnuchin exchanged letters, each listing the deficiencies in the other’s position on pandemic relief. Suffice to say they’re far […]
ECB TEES UP DECEMBER EASING; LEAVES POLICY ON HOLD AT LATEST MEETING
–Lagarde Leaves Door Open to Earlier Eemergency Meeting If Needed –‘Very Attentive to Exchange Rates’ By Laurie Laird LONDON (MaceNews) – The European Central Bank Thursday pledged to “recalibrate” its monetary policy by the end of the year, but left the door open to an emergency consultation of its rate-setting body should the economic picture […]
FOMC APT TO STAND PAT FOR NOW, BUT FUTURE FISSURES EMERGING
By Steven K. Beckner (MaceNews) – The Federal Reserve is about to hold its second Federal Open Market Committee meeting under its new monetary policy framework amid strange and rapidly changing circumstances. No policy change is likely on Nov. 5. In other words, the FOMC will almost certainly leave the federal funds rate in the […]
DATA FLASH: US THIRD QUARTER GDP REBOUNDS BY 33.1%
–-Third Quarter PCE Jumps By 40.7% After 33.2% Drop in Second Quarter –US GDP Still -2.9% Vs. Year Earlier –Initial Claims Slowed by 40,000 to 751,000; 4-Week Average Falls Further By Kevin Kastner WASHINGTON (MaceNews) – As expected, the U.S. economy rebounded in the third quarter, with strength in consumption supplemented by rebounds in the […]
STATUS CHECK – LOTS OF VOTING, LOTS OF CAMPAIGNING, AND IN PHILLY, LOTS OF LOOTING
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The presidential campaign at fever pitch with a week to go: FLOTUS delivered her one campaign speech Tuesday, in Atglen, Pennsylvania. The media painted a picture of “my husband that I don’t […]
DATA FLASH: US OCTOBER CONFIDENCE SLIPS ON DECLINE IN OUTLOOK
–Confidence in Current Conditions Improves, Expectations Down By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index fell to a reading of 100.9 in October from a downward revised 101.3 reading in September. The Conference Board Tuesday noted that most consumers see little improvement in the economy through the end of the […]
GERMAN BUSINESS CONFIDENCE FALLS IN OCT AS EXPECTATIONS DIM
By Marco Babic ZURICH (MaceNews) – German business confidence fell in October for the first time in five months, as companies become more concerned about the business outlook in the months ahead due to an increase of COVID-19 cases. The Ifo Institute’s Index of business sentiment Monday fell to 92.7 in October from a revised […]
STATUS CHECK – THE FINAL FRENETIC STRETCH
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes. · Scroll down Saturday’s White House schedule elsewhere on this macenews.com site. It’s something to see, testament to the whirlwind frenetic campaigning for a president who really, really doesn’t want to lose. First […]