MACRO ECONOMIC NEWS

AS WE LET GO THE 2018, WE CREATE A SPACE FOR 2019 WITH HOPE AND CONFIDENCE. YOU ARE SUPERNATURAL. I THANK YOU FOR PREPARING ME FOR LOVE AND GRACE. WISHING ONENESS WITH COMPASSIONATE EMPATHY.

Macro Economic News 31 Dec 2018

 

The U.S. is urging Beijing to fill in the details of a slew of trade and investment proposals Chinese officials have made recently, as the two sides try to resolve a trade battle that has rocked global markets.  The goal of retraining programs was to help displaced workers gain skills in new industries. But multiple studies have shown that many workers leave the program earning less than they did at their old jobs.

 

FINANCIAL TIMES

[I]  China to end year as worst performing stock market

[I]  US banks to cut London-EU commuting support for staff

[I]  China contaminated waste ban leaves Australia awash

[I]  Strategists and speculators at odds over dollar outlook

[I]  Record outflow from US junk bond funds in 2018

[I]  China and US hail ‘positive progress’ on trade talks

[I]  FT poll: political risk set to cut eurozone growth

[I]  Merkel vows more German ‘responsibility’ abroad

 

REUTERS

[I]  An online battle for 900 million hearts and minds - India braces for elections

[I]  Tough South China Sea talks ahead as Vietnam seeks to curb China's actions

[I]  China's factory activity falls for first time in 2-1/2 years: official PMI

[I]  Oil prices rise, but set for first annual decline since 2015

[I]  China's services activity picks up in December: official PMI

[I]  UK watchdog plans to overhaul treatment of whistleblowers

[I]  Trade wars cost U.S., China billions of dollars each in 2018

 

BLOOMBERG 

[I]  Gold Barrels Into 2019 as Growth Concerns Spur Demand for Haven

[I]  China Slowdown Continues With Factory Gauge at Lowest Level Since 2016

[I]  British Demand for Irish Passports Rises as Brexit Looms

[I]  Europe's Five Presidents Say Euro Still Needs Work 20 Years On

[I]  Merkel Says Germany to Champion Global Order That's Under Attack

[I]  $5 Trillion Got Wiped From Asia Stocks This Year. Here’s How

[I]  Emerging Markets at Mercy of Trade and Fed After Painful 2018

[I]  Emerging Markets Seen Bringing More Pain to Investors in 2019

 

WALL STREET JOURNAL

[I]  U.S. Presses China on Trade Proposals

[I]  Retraining Programs Fall Short for Some Workers

[I]  U.S. Economy Fuels Boom in Consumer Debt

[I]  Pending Home Sales Fell in November

[I]  Hospitals Win Drug-Subsidy Case

[I]  U.S. Consumer Confidence Fades in December

 

BUSINESS LINE

[I]  Indian benchmarks hit a home run in 2018

[I]  ‘Multiple rate changes in GST is belated wisdom’

[I]  India’s robust GDP growth will continue in 2019: CII report

[I]  RBI exhorts urban coop banks to become small-finance banks

[I]  Comexes not gung-ho about extended trading in futures

[I]  Investment gains: Untangling the tax knot

 

ECONOMIC TIMES

[I]  RBI is going to be a little bit stingy with govt payouts

[I]  19 things that make 2019 unusually important

[I]  Trend of tighter corporate governance expected to continue into the New Year

[I]  Make enough financial allocations to make crop insurance schemes attractive for farmers: Parliamentary Panel

[I]  Engineering exporters urge government to set up shipping regulator

[I]  Online electronics brands looking at fresh strategies to de-risk play

 

BUSINESS STANDARD

[I]  2018: A watershed year for democratisation of artificial intelligence

[I]  Order inflows up 30% for infrastructure, capital goods companies in 2018

[I]  Options contracts see a rise in activity ahead of 2019 Lok Sabha polls

[I]  In the new world order, advertisers have to weave marketing with content

[I]  Delhi's air quality slips into the 'severe' category, say authorities

[I]  Blame private hospital boom for rising caesarean delivery rate, says report

[I]  Indian Railways plans to share revenue with private freight terminals

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10971;  USDINR DGCX: 70.0125;  DJIA Mini: 23233;  FTSE 100 Fut: 6692;  NIKKEI 225 Fut: 19900;  EUR-USD: 1.1435; Crude Oil (WTI): 45.75;  Gold (Spot): 1278

 

Best Regards, ARBIND

31 Dec 2018