MACRO ECONOMIC NEWS

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Macro Economic News 19 Dec 2018

In a world of low inflation and slow recuperation from the financial crisis, even small interest-rate changes can have outsize effects on markets and the economy, as Fed officials have learned. President Trump continued his public campaign calling on the Federal Reserve to refrain from raising interest rates during the central bank’s two-day meeting that begins later in the day. The year 2018 will go down as one of the best in a nine-year U.S. economic expansion but trouble could lie ahead, as real-estate and financial markets flash warning signs and U.S.-China trade tensions simmer.

 

FINANCIAL TIMES

[I]  Trump dissolves his charity after charges of ‘illegality’

[I]  Xi says no one can ‘dictate to the Chinese people’

[I]  SEC chief urges action to prevent no-deal Brexit havoc

[I]  China uses subway construction as platform for prosperity

[I]  Rome and Brussels near deal to end Italian budget row

[I]  Japan to expand military with 100 more F-35 stealth fighters

[I]  Saudi Arabia to lift spending by 7.4% to boost economy

[I]  Banks should cut complex tariffs and reward customers for prudence

 

REUTERS

[I]  Japan exports slow to crawl on global slowdown, trade tensions

[I]  U.S. reverses policy in move to speed release of migrant children

[I]  White House cites 'options' for funding U.S. border wall

[I]  Asia braces for Fed as plunge in oil boosts bonds

[I]  Bank of England needs 'more cost-conscious culture' - watchdog

[I]  UK economy to slip to seventh biggest in world in 2019: PwC

[I]  High taxes could hasten bank moves from Britain after Brexit

[I]  British government to activate full 'no-deal' Brexit preparations 

[I]  Keeping trade flowing after Brexit won't be plain sailing

[I]  Trump pressures Fed before meeting, warns against 'another mistake'

 

BLOOMBERG 

[I]  Rethink Holiday Plans and Buy U.S. Stocks Now, Citigroup Says

[I]  Japan’s Exports Hold Up as Trade-War Risks Cloud the Outlook

[I]  Europe Has Little to Gain, Much to Lose in U.S.-China Trade War

[I]  Empty Desks, Complex Job Titles Among BOE's Cost Challenges

[I]  Fed's 2019 Path May Produce Surprise That Flattens Yield Curve

[I]  China’s Economic Reforms Are Having a Midlife Crisis

[I]  Trader's Guide to Getting Ready for Fed in 'Really Tough Corner'

[I]  Traders See Little Solace for Pound in Orderly No-Deal Brexit

[I]  India Plans to Pay Five Iran Banks for Oil Purchases

 

WALL STREET JOURNAL

[I]  Smaller Fed Moves Have Bigger Market Impacts

[I]  As Fed Begins Meeting, Trump Again Calls for No Rate Increase

[I]  U.S. Housing Starts Grew in November

[I]  Let the Good Times…Stay a Little Longer?

[I]  Fed Faces Communication Challenge on Rates

[I]  U.S. Prepares More Payments to Trade-Hit Farmers

[I]  Mexico to Give Minimum Wage Another Boost

 

BUSINESS LINE

[I]  SEBI to ‘name and shame’ reckless fund managers

[I]  Railways makes new track on employing the third gender

[I]  ‘Broadcast tariff order tuned to protect consumer interest’

[I]  India, China disagree with US on curbing fishery subsidies

[I]  Experts wary of data security feature of payment gateways

[I]  Sugar output hits 70 lakh tonnes as of Dec 15: ISMA

 

ECONOMIC TIMES

[I]  Govt has 3 months to plan doing biz climb

[I]  Deep discount days could be numbered

[I]  Most of your daily use items may get cheaper

[I]  Govt wants to change the way I-T dept works

[I]  NBFCs resume disbursing loans amid easing liquidity

[I]  US-China trade war opened window of opportunity for India: Victor Fung

[I]  India ranks 108th in WEF gender gap index 2018

[I]  Love cycling? You will have dedicated space on 100 km of city roads

[I]  Government strikes off names of 1 lakh companies this fiscal

 

BUSINESS STANDARD

[I]  RBI to inject Rs 600 bn more liquidity by Jan via open market operations

[I]  New angel tax notices spook investors, start-ups; trip fund-raising efforts

[I]  Premium brands pitch easy finance and instalments over superior features

[I]  Revisiting pre-IBC norms only after current rush: FM Arun Jaitley

[I]  Govt orders cadre review, restructuring of I-T dept; 12-member panel formed

[I]  Marketers learn to work with the machines

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10986;  USDINR DGCX: __;  DJIA Mini: 23714;  FTSE 100 Fut: 6696;  NIKKEI 225 Fut: 21067;  EUR-USD: 1.1379; Crude Oil (WTI): 46.61;  Gold (Spot): 1249

 

Best Regards, ARBIND

19 Dec 2018