<strong>Japan Sentiment Picks Up on Vaccine Rollout But Q3 GDP Seen Slower</strong>
By Max Sato (MaceNews) – Japan’s sentiment surveys painted a rosier picture as the government has lifted its Covid-19 state of emergency on heavily hit regions, setting the stage for gradually reopening the economy, but global supply chain disruptions remain a major hindrance to recovery. The monthly Economy Watchers Survey, which was conducted by the […]
Supply Bottlenecks Punish German Economic Sentiment in October
ZURICH (MaceNews) – Economic sentiment in Germany fell in October as supply bottlenecks for raw materials and intermediate products hamper the economy, according to the latest report from the ZEW Institute in Mannheim. The ZEW index of economic sentiment fell 4.2 points to 22.3 in October, below the 24.0 median of an Econoday survey of […]
Italy’s Government Tensions Likely to Spike Over Upcoming Thorny Competition Law – Sources
By Silvia Marchetti ROME (MaceNews) – Rome’s government is expected to clear by the end of October a key thorny competition law aimed at supporting investments, a law which is likely to further raise tensions among ruling allies, according to coalition sources. The decree, which was meant to be initially approved ahead of the summer, […]
BOJ Sept Key Tankan Business Sentiment Up But Outlook Uncertain
— Higher Energy, Commodities Markets Support Some Producers— Automakers Report Worse Sentiment As Supply Constrains Linger— Face-To-Face Service Providers Suffer Amid Covid-19 Spike— BOJ Survey Also Shows Companies Revise Up FY21 Capex Plans By Max Sato (MaceNews) – Higher energy and commodities prices this year further boosted confidence among many manufacturers, big and small, while […]
MaceNewsViews: Commentary – Sorry, Europe, the US – and China – Won’t Let You Sit This One Out
By Denny Gulino WASHINGTON (MaceNews) – The German federal election proceeds as if the choices don’t matter all that much. Regardless of the personalities a relatively centrist coalition will finally endeavor to strike the path ahead, in Germany’s case, a path of least resistance – as long as it can. Climate, stability, prosperity. Chances are, […]
German Sept. Business Sentiment Fell Third Consecutive Month on Procurement Problems
ZURICH (MaceNews) – Sentiment among German businesses fell in September for the third month in a row, although not as much as had been expected by economists, according to the latest report from the Munich-based Ifo Institute. The Ifo Business Climate Index fell to 98.8 in September from a revised 99.6 (99.4) the previous month, […]
MaceNewsViews – Commentary: Nihilism’s Dream – The US Defaults
By Denny Gulino WASHINGTON (MaceNews) – Those knowing think pieces and Op-Eds by veteran graybeards, scoffing at the super-hyped headlines about the dangers of a pending debt-limit impasse, should be reassuring. They’ve seen it all before, the six dozen or more times Congress allows the nation’s Treasury to start borrowing again, often at the last […]
FOMC: Tapering ‘May Soon Be Warranted’ If Progress Continues
Half of FOMC Participants Now See Funds Rate Hike By End 2022 Powell Says FOMC Could Announce Bond Buying Cuts At Nov. 2-3 Meeting Powell Says Inflation Test More Than Met; Employment Goal ‘All But Met’ By Steven K. Beckner (MaceNews) – The Federal Reserve took another incremental but very significant step toward making monetary […]
FOMC Policy Statement: Tapering ‘May Soon be Warranted’
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday put off any declarations on when it might begin the tapering process other than saying “it may soon be warranted.” Inflation? It’s still largely transitory.. The text of the statement follows: The Federal Reserve is committed to using its full range of tools to support the […]
Commentary: Ignoring the US Housing Timebomb
WASHINGTON (MaceNews) – The latest trove of housing data Wednesday collected by the National Association of Realtors provided more definition to America’s bifurcated housing market, one in which the haves get what they want, expensive houses that are available for sharply escalating prices, and the have nots, the younger generations buying their first home, who […]