MACRO ECONOMIC NEWS

GRACE AND COMPASSION ARE GREATEST GIFT TO HUMANITY. WISH WE EXHIBIT AND EXPERIENCE COMPASSIONATE GRACE ALWAYS.

Macro Economic News 18 Dec 2018

 

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. The U.S. government will make a second, multibillion dollar payment to U.S. farmers struggling against tariffs on American soybeans, pork and dairy products.

 

FINANCIAL TIMES

[I]  Thousands protest in Hungary against ‘slavery’ law

[I]  Xi challenged over direction of China’s economic reforms

[I]  France accelerates plans for own digital tax

[I]  Carney to test bank resilience to climate change

[I]  UK’s student funding is overdue radical reform

 

REUTERS

[I]  Global Markets: Stocks slide as global growth worries deepen 

[I]  Ex-BOJ deputy governor says improving labor productivity behind Japan's low inflation

[I]  Japan cuts GDP, CPI forecasts on disasters and trade war

[I]  Thailand's car sales in high gear but bumps seen ahead

[I]  Economic parity between the sexes looks stagnant: report

[I]  Britain needs new watchdog to shake up 'Big Four' accountants

[I]  U.N. Security Council mulls Myanmar action; Russia, China boycott talks

[I]  Regulator cautions banks to prepare for Brexit amid uncertainty

 

BLOOMBERG 

[I]  Japan Plans to Buy New F-35 Stealth Fighters

[I]  U.S. Retail Investors Are on Trump’s Side in Fight With Fed

[I]  Australia Faces Risks as Central Bank Sees Rates on Hold

[I]  There Are Some Big Warning Signs for the U.K. Economy

[I]  Stock Sell-Off Defies Everything the Bulls Hoped Would Stop It

[I]  There Are Signs Africa’s Market Rout Is Not Over Yet

[I]  Indians Are Buying Gold for as Little as One Cent

 

WALL STREET JOURNAL

[I]  Fed Faces Communication Challenge on Rates

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

[I]  Trump: ‘Incredible’ That Fed Is Considering Another Rate Increase

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

[I]  From Silk to Smartphones: China’s Emergence as a Trade Leviathan

[I]  What's Next for U.S.-China Trade?

[I]  How Student Loans Are Upending U.K.’s Budget Math

[I]  State and Local Investment Gets Lift From Rising Revenues

 

BUSINESS LINE

[I]  RBI’s insistence on PIN-based cards may needle customers from January 1

[I]  Cabinet approves voluntary use of Aadhaar for bank account, mobile user verification

[I]  5 States are home to 60% of start-ups

[I]  Organic food show to attract global retail chains, companies

 

ECONOMIC TIMES

[I]  Remittance bonanza has shored up balance of payments

[I]  New Year is bringing good news for techies on hiring front

[I]  Your DTH bill is likely to go up from Jan 1

[I]  Total government liabilities rise to Rs 82 lakh crore

[I]  RBI action against delay in remittances case panic exporters: EEPC

[I]  Export growth to surge 7% in Oct-Dec: Exim Bank

[I]  NHAI projects may fall short by 33-37% of FY19 target: Report

[I]  Aadhaar verification to resume through QR code authentication

[I]  Government plans to amend norms pertaining to incorporation of companies

[I]  Transfer of excess reserve may pull down credit rating of RBI: Raghuram Rajan

 

BUSINESS STANDARD

[I]  'Freight blocks' are the next growth engine for Indian Railways

[I]  NBFCs stare at valuation hurdle, IPOs in pipeline may see tepid interest

[I]  Govt confident of crossing disinvestment target, hopes to garner Rs 850 bn

[I]  Cabinet moves to get legal backing, allow Aadhaar for phone numbers, banks

[I]  Indian M&A hits all-time high in 2018 with deals worth $125 billion

[I]  Braking news for auto part firms who're hoping for a rebound in 4th quarter

[I]  Government meddling in RBI affairs may hit Indian banking system: S&P

[I]  New e-commerce policy to shut down predatory pricing by firms: Officials

[I]  FPOs: A solution to boost farmers' income and help soothe agrarian distress

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10862; USDINR DGCX: 71.6625;  DJIA Mini: 23725;  FTSE 100 Fut: 6733;  NIKKEI 225 Fut: 21242;  EUR-USD: 1.1352; Crude Oil (WTI): 49.32;  Gold (Spot): 1248

 

Best Regards, ARBIND

18 Dec 2018