BofA Global Research Fund Manager Survey: Bulls Turn into Bears In March As World Growth Outlook Sours and Inflation Expectations Rise.
–Cash Levels ‘Jump Sharply’ In March –Geopolitical Conflict Top Tail Risk by Vicki Schmelzer NEW YORK (MaceNews) – Global fund managers turned from bullish to bearish in March, with shifting sentiment driven by a souring world growth outlook and rising inflation expectations, according to the latest Bof Global Fund Managers survey, released Tuesday. Accordingly, cash […]
Preview: Forecasters See Drop in Japanese Capex Spending in January Report
0850 JST (2350 GMT/1950 EDT Wednesday, March 18) The Cabinet Office releases January machinery orders.Mace News median: core orders -11.0% m/m (range: -13.9% to -5.5%) vs. Dec +19.1%; +9.7% y/y (range: +6.2% to +16.0%) vs. Dec +16.8% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s core machinery orders, a key leading indicator of business investment in […]
Preview: Forecasters See Slower Japanese Export Growth in February Report
0850 JST (2350 GMT/1950 EDT Tuesday, March 17) The Ministry of Finance releases February trade.Mace News median: exports +1.6% y/y (range: -3.5% to +4.0%) vs. January +16.8%; imports +12.5% y/y (range: +9.1% to +16.2%) vs. a revised -2.4% in January from -2.5%; trade deficit ¥516.95 billion (range: a deficit of ¥660.00 billion to a surplus […]
Japan Week Ahead: BOJ Set to Hold Policy Rate amid Uncertainty over Mideast War’s Impact on Inflation, Growth; PM Takaischi Pushing for Swift Budget Approval
–Board Expected to Repeat BOJ Needs to Raise Rates Further After December Hike, 4th in Normalization Process That Ueda Launched in March 2024 By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. The government is pushing its record-high annual budget through the Diet to keep the economy afloat while […]
Japan Week Ahead: National Wealth Eroded by High Import Costs, Exports Weathering Trump Tariffs Thanks to Demand from Europe, Asia
–Bank of Japan in No Hurry to Raise Interest Rates to Counter Any Reversal in Easing Inflation amid Mideast War By Max Sato (MaceNews) – Here are the key Japanese events for the coming week. Parliamentary debate on the fiscal 2026 budget continues at the key lower house budget committee. Prime Minister Sanae Takaichi is […]
Fed Officials Still Lean Against Near-Term Rate Cuts Despite Job Losses…
By Steven K. Beckner (MaceNews) – Until very recently, it had become all but a foregone conclusion that the Federal Reserve would leave short-term interest rates unchanged at its mid-March meeting, and even beyond that there was little indication of a consensus for the resumption of rate cuts until later in the year. In the […]
Preview: Japan’s Revised Q4 GDP Seen Supported by Capex and Domestic Demand, Public Spending to Improve
Tuesday, March 10 0850 JST (2350 GMT/1850 EST Monday, March 9) Cabinet Office releases the revised GDP for October-December 2025.Mace News median: +0.3% q/q (range +0.2% to +0.4%) vs. Q4 prelim +0.1%; +1.3% annualized (range +0.8% to +1.5%) vs. Q4 prelim +0.2%; +0.3% y/y (range +0.2% to +0.4%) vs. Q4 prelim +0.1% By Chikafumi Hodo […]
Preview: Forecasters See Wide-Ranging Recovery in Japanese Household Spending
Tuesday, March 10, 20260830 JST (2350 GMT/1830 EST Monday, March 9) The Ministry of Internal Affairs and Communications releases the January average household spending.Mace News median forecasts: +1.8% y/y (range: +0.6% to +5.2%) vs. Dec -2.6%; +0.6% m/m (range: -0.4% to +2.9%) vs. Dec -2.9% By Chikafumi Hodo TOKYO (MaceNews) – Japan’s real household spending […]
US ISM Services Sector Heats Up in February, Takes PMI to More Than 3-Year High as Firms Meeting Demand by Controlling Tariff-Induced Cost Rise
By Max Sato (MaceNews) – The U.S. services sector revved up sharply in February to extend its expansionary phase into a 20th month as firms have managed to absorb higher costs triggered by stiff import duties imposed under the protectionist U.S. trade policy, indicating a resilient labor market and solid economic growth in the first […]
US ISM Manufacturing PMI Stays in Expansionary State in February but Many Firms Complain US Tariffs Boosting Procurement Costs
–ISM’s Spence: Wouldn’t Be Surprised If Price Pressure Continued in Light of Heightened Tensions in Middle East By Max Sato (MaceNews) – U.S. manufacturing activity stayed in expansionary territory in February after springing back to life from a year-long slumber the previous month but firms are blaming the protectionist trade policy under President Donald Trump […]