JAPAN DATA: Aug Factory Output Continues to Pick Up; METI upgrades view
TOKYO (MaceNews) – Japan’s industrial production posted a third consecutive month to month rise in August, led by demand for passenger cars, steel products and integrated circuit chips, as the domestic and global economies continue to recover gradually from the slump caused by the coronavirus pandemic, data released Wednesday by the Ministry of Economy, Trade […]
FED’S WILLIAMS: IF NO MORE FEDERAL FISCAL AID, WOULD MEAN ‘SOMEWHAT WEAKER OUTLOOK’
NEW YORK (MaceNews) – The U.S. economic recovery is likely to continue even if new federal fiscal support is not forthcoming, New York Fed President John Williams said Tuesday. “If we do see more fiscal support for the economy, that will give a boost,” he told reporters. “If we don’t, that’s going to be a […]
Italy Fiscal Plan Sees 2020 Deficit 10.8%, GDP -9%, Debt To GDP 158% – Treasury Sources
By Silvia Marchetti ROME (MaceNews) – Italy’s government is expected to put forward on Wednesday a fiscal plan that sets the budget deficit at 10.8% of GDP this year and public debt at 158%, while the economy will contract by 9% on the pandemic impact, according to Treasury sources. Ruling coalition parties reached agreement on […]
BANK OF ENGLAND CHIEF CONTINUES TO REVIEW NEGATIVE RATES; DOWNPLAYS IMMINENT RATE CUT
By Laurie Laird LONDON (MaceNews) – The Bank of England is continuing to review the efficacy of negative interest in the UK, but the country’s leading central banker Tuesday downplayed the possibility of any policy change over the near term. The Bank is “doing the groundwork” on the benefit of sub-zero rates, but has “reached […]
DATA FLASH: US SEPTEMBER CONFIDENCE SURGES; OUTLOOK IMPROVED
–-Confidence in Both Current Conditions, Expectations Jump By Kevin Kastner WASHINGTON (MaceNews) – The Conference Board’s U.S. consumer confidence index Tuesday surged to a reading of 101.8 in September, the strongest reading since March, from an upward revised 86.3 reading in August. The Conference Board noted both the current conditions reading and future expectations rose […]
EUROZONE ECONOMIC SENTIMENT SHOWS IMPROVEMENT BUT PACE SLOWS
By Marco Babic ZURICH (MaceNews) – Economic sentiment in the countries sharing the Euro improved in September, but at a slower pace than in previous months, the European Commission reported Tuesday. The Commission’s Economic Sentiment Indicator (ESI) rose to 91.1 in September, an improvement of 3.6 points from the 87.5 result in August. By comparison, […]
TUESDAY WHITE HOUSE SCHEDULE
WASHINGTON (MaceNews) – The following is Tuesday’s public White House schedule: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, SEPTEMBER 29, 2020 EDT 10:00AM In-House Pool Call Time1:05PM Out-of-Town Pool Call Time 2:10PM THE PRESIDENT and THE FIRST LADY depart the White House en route […]
STATUS CHECK: THE GREAT DEBATE DRAWS THE NAT’L GUARD TO CLEVELAND
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes. Finally, the time has arrived for the Great Debate. Americans will be making popcorn, waiting to witness the Tuesday night battle of the major political gladiators of our time. The American Demosthenes vs. […]
EXCLUSIVE: ITALIAN COALITION SOURCES: ITALY TO LAUNCH NEW USD BONDS AS FUNDING NEEDS RISE
By Silvia Marchetti ROME (MaceNews) – Italy aims to issue a second round of US-dollar-denominated bonds by year-end with the goal of consolidating a stable and solid presence in the US market through a broad range of maturities, according to ruling coalition sources. The financial markets are being monitored so the exact timing, size, and […]
ECB’S SCHNABEL CALLS FOR A EURO CARBON TAX
— Chastises investors for under-pricing the risk of climate changeBy Laurie Laird LONDON (MaceNews) – A top European central banker Monday rebuked investors for under-pricing the risk of climate change and called for a global carbon price to challenge the ecological and financial harm presented by global warming. “A global climate price is the most […]