MACRO ECONOMIC NEWS

CHERISHING TIME IS AROUND THE WAY. WISHING THIS WEEK STARTS THE CLOSURE AND SPARE TIME TO YOU.

Macro Economic News 03 Dec 2018

 

House Republicans are struggling to advance their package of fixes for last year’s tax overhaul, with just a few legislative days to go until they relinquish the majority. President Trump, after arm-twisting Mexico and Canada to update the region’s free-trade zone, will now turn his attention to the greater challenge of winning concessions from Chinese President Xi Jinping. Federal Reserve officials signaled plans to raise interest rates next month, but they appeared more tentative about the pace of increases after that, minutes of the central bank’s recent policy meeting show.

 

FINANCIAL TIMES

[I]  Theresa May heads into week of turmoil over Brexit

[I]  Factory demise symbolises rot at core of Russian economy

[I]  Macron calls emergency meeting after riots leave France in shock

[I]  Federal Reserve prepares to give investors murkier view on policy

[I]  US-China trade truce offers Beijing breathing space

[I]  Electric driverless truck set to gain approval for public roads

 

REUTERS

[I]  U.S., China agree on trade war ceasefire after summit

[I]  China, U.S. declare 90-day halt to new tariffs  

[I]  Iran ends seasonal rice import ban - agencies

[I]  U.S., China agree trade war ceasefire after Trump, Xi summit

[I]  G20 sealed landmark deal on WTO reform by ducking 'taboo words'   

[I]  Japan corporate capex growth slows sharply, raises doubt about outlook

[I]  India's top sugar producing state Uttar Pradesh to keep prices unchanged

[I]  India's quarterly GDP 'seems disappointing': finance minister official

[I]  Yemen central bank expecting $3 billion to prop up stricken economy - SABA

 

BLOOMBERG 

[I]  India's Weakening Economy Adds to Case for RBI to Hold Rates

[I]  World Bank Group to Raise $200 Billion to Fight Climate Change

[I]  Oil Surges After Saudi Arabia and Russia Agree to Extend Pact

[I]  Investors Expect a Big Monday for Currencies and Stocks

[I]  May Threatened With Vote to Bring Down Government Over Brexit

[I]  Australian House Prices Fall Most Since Global Financial Crisis

[I]  Canada Joins Oil Cut Drive as Alberta Seeks to Ease Glut Crisis

[I]  U.S.-China Truce, G-20 Nods to Trump, Fed's 2019 Moves: Eco Day

 

WALL STREET JOURNAL

[I]  House GOP Works Against Clock on Tax Bill

[I]  Trump Sets Sights on China After Completing New Nafta

[I]  President Trump Bashes the Fed. This Is How the Fed Chief Responds.

[I]  Fed Minutes Signal December Rate Increase Likely, But Less Certain Path Next Year

[I]  Panel Won’t Meet Deadline on Fix for Multiemployer Pension Plans

 

BUSINESS LINE

[I]  Playing safe, govt may defer rollout of new GST returns system

[I]  RBI may keep repo rate unchanged

[I]  GST revenue collections at Rs. 97,637 cr in Nov

[I]  ‘Blue Revolution will give impetus to food production’

[I]  Maharashtra launches fintech accelerator programme

 

ECONOMIC TIMES

[I]  Aadhaar usage, enrolments dip in Nov after SC order

[I]  Why some founders love starting from scratch

[I]  Finished steel exports fall over 23%; imports up 17% in October

[I]  China says no to India's proposal for bilateral trade in domestic currencies

[I]  362 infra projects show cost overruns of over Rs 3.39 lakh crore

[I]  Company conversion to LLP a transfer, taxable: I-T Appellate Tribunal

[I]  Seller of imported goods faces probe for GST profiteering

 

BUSINESS STANDARD

[I]  G20 summit: Trump, Xi agree on temporary truce in bid to contain trade war

[I]  Carmakers run out of speed in urban markets; rural demand grows

[I]  Govt confident of meeting fiscal deficit target despite GST shortfall

[I]  Power prices see a spike as states go on buying spree in poll season

[I]  Businesses jittery over procedural hassles in filing of annual GST returns

[I]  India and China resolve key business, tax issues to facilitate trade

[I]  Indians high on whistle-blowing to SEC, back off when tipping Sebi

[I]  Statsguru: India's Q2 GDP growth slows down to 7.1% from 8.2% in Q1

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11000;  USDINR DGCX: 69.9695;  DJIA Mini: 25992;  FTSE 100 Fut: 7088;  NIKKEI 225 Fut: 22660;  EUR-USD: 1.1353; Crude Oil (WTI): 53.69;  Gold (Spot): 1225

 

Best Regards, ARBIND

03 Dec 2018