Japan March Machine Orders Rebound but Down in Q1; Further Drop Seen in Q2 Amid Uncertainty
–Japan Govt Keeps View: Pickup in Machine Orders Stalling By Max Sato (MaceNews) – Japanese machinery orders, the key leading indicator of business investment in equipment, rebounded sharply in March after plunging in February, but they fell at a faster pace than officially projected in the first quarter of 2022 and a further decline is […]
White House and Other Schedules for Wednesday, May 18
WASHINGTON (MaceNews)—The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 18, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the […]
Japan Q1 GDP Slips on Import Surge but Domestic Demand Resilient Despite Covid Spike
–Private Consumption Flat Vs Sharp Drop Forecast, Capex Rise Solid–Imports Jump on Covid Vaccine Purchases, Outpacing Export Growth–Q2 GDP Rebound Expected but High Costs, Supply Constraints Linger By Max Sato (MaceNews) – Japan’s economy contracted slightly in the January-March quarter after a sharp rebound in October-December as a surge in imports pushed down net exports, […]
Powell Vows Fed Will ‘Keep Going’ Til ‘Clear And Convincing’ Evidence Inflation Falling
FOMC Will Hike ‘More Aggressively” if Inflation Doesn’t Cool Won’t Hesitate To Raise Funds Rate Beyond Neutral Unemployment May Have to Rise ‘A Few Ticks’; Landing May Have To Be ‘Softish’ By Steven K. Beckner (MaceNews) – Federal Reserve Chairman Jerome Powell vowed Tuesday the Fed will continue to raise interest rates until it sees […]
Rome Seeks ‘Booster’ Recovery Funds To Tackle Impact of Ukraine Crisis – Sources
By Silvia Marchetti ROME (MaceNews) – Italy is seeking permanent structural aid at EU-level to tackle the economic impact of the Ukrainian war to shield firms and households, and which would benefit all member states, according to ruling coalition sources. “Just like we did following the COVID pandemic outbreak, the European Union needs a central […]
BofA Global Research Fund Manager Survey: Global Investors Load Up On Cash, Shun Tech in May As Extreme Bearishness Permeates Sentiment
— Highest Cash Levels since 9/11— Biggest Tech Short since August 2006 By Vicki Schmelzer NEW YORK (MaceNews) – Global investors loaded up on cash and shunned the tech sector in May as extreme bearishness permeated market sentiment, according to the findings of BofA Global Research’s monthly fund manager survey, released Tuesday. Average cash balances […]
White House and Other Schedules for Tuesday, May 17
WASHINGTON (MaceNews)—The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORTUESDAY, MAY 17, 2022 In the morning, the President and the First Lady will travel to Buffalo, New York. The departure from the South Lawn […]
Preview Update: Japan Q1 GDP Contraction Seen Amid Covid Restrictions, Supply Delays
–Consumption Hit by Public Health Rules During Most of January-March –Capex Slower on Supply Constraints, High Producer Costs Amid Ukraine War –Q2 GDP Rebound Expected as Economy Reopens but Uncertainty Lingers –Japan GDP Report at 19:50 ET Tuesday By Max Sato (MaceNews) – Japan’s gross domestic product for the January-March quarter is forecast by economists […]
White House and Other Schedules for Monday, May 16
WASHINGTON (MaceNews)—The following are Monday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as US data and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FORMONDAY, MAY 16, 2022 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President […]
Japan April Producer Inflation Hits Fresh 41-Year High of 10% on Crude Oil, Steel, Metals
–Japan April Producer Prices Also Jump 1.2% on Month on Naphtha, Fuel Oil–BOJ Sees Core CPI Temporarily Up at 2% in Fiscal 2022 But Not Anchored By Max Sato (MaceNews) – Producer inflation in Japan surged to a fresh 41-year high, hitting10% in April as the year-on-year increase in crude oil, steel products and non-ferrous […]