Because of the strict constitutional ceiling on borrowing, Germany has become more like those internet users who see advertisements promising lose-weight tricks or acquire millions.To meet its climate obligations and upgrade its digital infrastructure, Germany needs to get prepared for €50bn ($57bn) a year in public investment.But a “debt brake” …
Read More »Fed’s Evans Expects US Economic Momentum Into 2022
Despite all the challenges ahead, Fed’s Evans said he remained optimistic for 2022. Chicago Fed President Charles Evans said on Thursday that he expects good momentum for the US economy to continue well into 2022.Evans expects the labour sector to continue to improve next year as more and more people …
Read More »Traders Forecast Annual US Consumer Price Gains
Traders have hiked their preliminary forecasts for US consumer price inflation over the next few months, and now widely see annual headline figures coming in at 7% or higher into early next year.Fixings, which trade as derivatives on the likelihood of where future consumer price index levels will land, are …
Read More »US Shares Retreat From Highs
US Shares turned lower in morning trading despite strong earnings from Macy’s and Kohl’s and despite unemployment data that showed the labor market is continuing to recover.Stocks have been shaken since midday trading on Wall Street Thursday as investors reviewed the latest earnings reports from retailers and an update on …
Read More »Lane: Still Expect Eurozone Inflation To Ease Next Year
Eurozone inflation will ease next year and there is no sign that investors or consumers expect runaway prices in the medium term, the European Central Bank’s chief economist said on Thursday.“We’re not seeing expectations de-anchoring to the upside,” Lane told an online event hosted by the U.S. Federal Reserve.“Right now …
Read More »November’s Manufacturing Activity Falls
The Tenth District Manufacturing Survey’s Composite Index fell to 24 in November versus 31 in October. The latest index came in at 24, down 7 from last month’s 31, indicating continued expansion in November, but at a slower pace according to Kansas City Fed.The future outlook ticked up to 35. …
Read More »LEI Index Spots U.S. Economy Acceleration
The Conference Board Leading Economic Index® (LEI) for the U.S. increased by 0.9 percent in October to 118.3 (2016 = 100), following a 0.1 percent increase in September and a 0.7 percent increase in August. “The U.S. LEI rose sharply in October suggesting the current economic expansion will continue into 2022 and may …
Read More »US Stock Futures Rise Supported by Nvidia Profits
US stocks rose after NVIDIA Group, the world’s most valuable chip maker, reported better-than-expected third-quarter results and gave a positive outlook, Dow futures rose 72 points, or 0.2%, and S&P futures rose 500 by 0.3% and Nasdaq 100 futures are up 0.5%, trading was choppy this week with the major …
Read More »European Shares Rise, But Oil And Mining Stocks Decline
European shares rose on Thursday after a solid earnings season that triggered a series of unprecedented gains, while a decline in oil and metals prices hurt commodity-related stocks. The pan-European STOXX 600 index rose 0.1 percent by 0824 GMT, with travel and leisure stocks leading the gains. Although the gains …
Read More »Japan Shares Trim Losses at The Close
Japanese stocks fell slightly at the close of today’s session, and cyclical companies and oil companies led the decline but trimmed losses after a media report that Prime Minister Fumio Kishida’s stimulus package will be larger than expected. The Nikkei index closed down 0.3% to 29,598.66 points but trimmed its …
Read More »