MACRO ECONOMIC NEWS

HAVING A SOFT HEART IS A COURAGE. WISHING YOU A COURAGEOUS DAY AHEAD.

Macro Economic News 11 Dec 2018

 

Businesses in the U.S. are less optimistic about the outlook for the coming year than they were 12 months ago. Investors are growing anxious about the prospect of recession in developed countries, but many economic trends don’t fit with patterns that presaged previous downturns.

 

FINANCIAL TIMES

[I]  India’s central bank governor resigns amid tense stand-off

[I]  May to restart EU negotiations after aborting Brexit vote

[I]  EU leaders offer May assurances but no Brexit renegotiation

[I]  Israel’s tech expansion stokes inequality in Tel Aviv

[I]  EU’s top court rules UK can unilaterally end Brexit

[I]  Turkish economic growth slows sharply in third quarter

[I]  Japan GDP contraction revised to 2.5% drop

 

REUTERS

[I]  Global Markets: Sterling sinks on Brexit vote delay, Asian shares dither

[I]  Chinese province pledges billions to drive tech, innovation

[I]  Brexit in turmoil as UK's May pulls vote to seek changes to EU divorce

[I]  UK economy slows in three months to October, Brexit uncertainty looms

[I]  Pound tumbles to 20-month low after Britain's May aborts Brexit vote

 

BLOOMBERG 

[I]  Patel's Shock Exit, New Brexit Chaos, China Rate Debate: Eco Day

[I]  Where's the Bottom? Valuation Cases for an Unstable Stock Market

[I]  The Pros and Cons of a PBOC Rate Cut as China's Economy Slows

[I]  China's Tech Bonds Are Top Losers in 2018 Amid Trade War

[I]  Singapore Property 'Standstill' Expected Next Year

[I]  U.S. Factories Are Posting Job Openings Like Never Before

[I]  How Asia Fell Out of Love With China’s Belt and Road Initiative

 

WALL STREET JOURNAL

[I]  Unfilled Jobs Grow in Low-Skilled Fields

[I]  Businesses Less Optimistic About Coming Year Than 12 Months Ago

[I]  U.S. Maintains Hard Line as Details Emerge in Trade Truce With China

[I]  Global Recession Alarms Aren’t Ringing, Despite Market Mayhem

[I]  Housing Slowdown Unnerves the Fix-and-Flip Crowd

[I]  U.S. Hiring Slows as Wages Grow, Unemployment Holds at Multidecade Low

[I]  IMF’s Departing Chief Economist Issues a Rare Warning on U.S. Growth

 

BUSINESS LINE

[I]  Entire NPS withdrawal at retirement is now tax-free

[I]  Soon, companies may have to sequester unspent CSR funds

[I]  Government lists 45 Bills for Winter Session

[I]  Net direct tax collections up 14.7% in April-Nov period

[I]  Centre sure of bidding out solar projects for FY19 and FY20

[I]  Freight corridor to carry heavier cargo loads

 

ECONOMIC TIMES

[I]  Dollar slides as US job data dents Fed tightening outlook; yuan on back foot

[I]  Central govt teams in 6 states assessing drought situation: Agri Min

[I]  Study throws light on rising wealth & consumption inequality in India

[I]  Tea exports to Pakistan up 22 per cent during Jan-Oct

[I]  Any attempt by govt to curtail central bank's independence credit negative: Moody's

 

BUSINESS STANDARD

[I]  Passenger vehicle sales skid over 3% in November over costly fuel, loans

[I]  World has moved, but India continues to use corrosion-prone steel for cars

[I]  Did proposal on tax treatment of savings lead to row in direct tax panel?

[I]  India, WTO members suggest changes in norms for dispute resolution body

[I]  Cabinet clears tax incentives for govt employees, hikes NPS contribution

[I]  LIC's gross NPAs rise to 6.23% in FY18, cover for bad loans improves

[I]  India's wealthy to double their riches to Rs 188 trn in 5 years: Report

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10345; USDINR DGCX: 72.7000;  DJIA Mini: 24410;  FTSE 100 Fut: 6763;  NIKKEI 225 Fut: 21209;  EUR-USD: 1.1366; Crude Oil (WTI): 51.18;  Gold (Spot): 1245            

 

Best Regards, ARBIND

11 Dec 2018