DATA PREVIEW: RETAIL SALES AND INFLATION MEASURES
WASHINGTON (MaceNews) – Economic data in the week ahead includes the December retail sales report, along with the two major inflation measures, the CPI just a week from Inauguration Day and the PPI but market participants are unlikely to pay much attention. The major stock indexes were propelled back into record territory Friday, in part […]
STATUS CHECK COMMENTARY: THE POST-SIEGE SCRAMBLE
WASHINGTON (MaceNews) – The following is Thursday night’s status check of developments in the U.S. that can influence economic, health and political outcomes. · The White House scrambled Thursday to soften the accurate perceptions of President Trump’s actions that precipitated the physical attack on Congress as various threats to his remaining few days in office […]
JAPAN NOV HOUSEHOLD SPENDING POSTS MODEST RISE ON YEAR BUT SLIPS FROM OCT AMID PANDEMIC FEARS
By Max Sato (MaceNews) – Japan’s household spending in November posted a modest rise from a year earlier, up for the second straight month, as the effects of a sales tax hike in October 2019 had faded, but consumption marked the first month-on-month decline in four months in light of rising new cases of the […]
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. […]
BANK OF ENGLAND’S BAILEY: PREPARED TO FOREGO EU FINANCIAL SERVICES AGREEMENT ‘IF PRICE TOO HIGH’
— BoE Governor Bailey confirms that Brexit preparations assumed no equivalence between UK and EU financial services — Bank continuing technical assessment of negative rates, to publish results in February By Laurie Laird LONDON (MaceNews) — The UK’s top central banker is prepared to walk away from a financial services agreement with the European Union […]
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 […]