MACRO ECONOMIC NEWS

LET THE TRUE LOVE TO YOURSELF SEE THE BEST IN YOURSELF AND OTHERS. WISHING A GREAT WEEK AHEAD.

Macro Economic News 10 Dec 2018

 

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.  The pace of real-estate speculation is slowing, a sign of the darkening outlook in the U.S. housing market. Employers slowed their pace of hiring in November, but wage growth matched the highest rate in nearly a decade and unemployment held at the lowest rate since December 1969.

 

FINANCIAL TIMES

[I]  Bananas grown without soil for the first time

[I]  Cracks in corporate debt market begin to show

[I]  Climbdowns and compromises on way to botched Brexit

[I]  Germany drops long-held EU migrant quota demand

[I]  Central banks face global political backlash

[I]  US economy set to slow, says IMF chief economist

[I]  A disruptive Brexit will make recession hard to avoid, say economists

 

REUTERS

[I]  Global stocks extend slump as global growth worries mount 

[I]  Japan's economy shrinks most in four years as global risks hit business spending

[I]  More than 150 governments to adopt U.N. migration pact in Morocco

[I]  Australia overtakes Qatar as world's biggest LNG exporter - Refinitiv data

[I]  Australian watchdog calls for more scrutiny of Google, Facebook

[I]  Fed policymakers signal turning point on U.S. rate-hike path

[I]  China's November export, import growth shrinks, showing weak demand

[I]  World Bank shifts focus to Egypt's private sector with $1 billion loan

 

BLOOMBERG 

[I]  U.S., Russian Arms Makers Raise Share of Top 100 Amid Build-Up

[I]  Hedge Funds Have Stocks to Dump, in Bad Sign for Sell-off

[I]  Theresa May Faces Decision Day on Whether to Delay Ill-Fated Brexit Vote

[I]  Online Property Sales Are Booming in China

[I]  Trade and Fed Noise Gives EM Central Banks License to Do Nothing

[I]  China Factory, Consumer Inflation Slows Amid Weakening Demand

 

WALL STREET JOURNAL

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

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

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

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

[I]  Fed Weighs Wait-And-See Approach on Future Rate Rises

[I]  Global Week Ahead: Inflation Figures, Data on Job Openings, China Business Activity

[I]  U.S. Companies Feel Pinch as Tariff Costs Mount

 

BUSINESS LINE

[I]  Why small, marginal farmers get just 40% of total agri credit

[I]  GST returns due date moved to March 31

[I]  GST: Centre clears air on constructed property

[I]  Poverty’s stubborn persistence

[I]  MoUs inked between educational institutions, weaving clusters

 

ECONOMIC TIMES

[I]  Saudis could review expat fees as economy feels pain

[I]  Why onion prices are bringing tears to farmers' eyes

[I]  India should brace itself for slowdown for some time: Arvind Subramanian

[I]  India likely to offer GST relief for the BPO Industry

[I]  Government mandates preference to India-made vehicles in public procurement

[I]  Niti, Heavy Industries Ministry differ over levy on 2-wheelers to subsidise EVs

[I]  CBIC prescribes norms for expeditious disposal of unclaimed cargo

 

BUSINESS STANDARD

[I]  Demand for credit from corporate India is going up, say top bankers

[I]  NBFCs may follow banks in liquidity reporting; cost of capital set to go up

[I]  New GDP back-series data hurts credibility: Ex-CEA Arvind Subramanian

[I]  Sebi may widen scope of OFS route to help promoters monetise shareholding

[I]  More than 50% of companies look to step up hiring in 2019: Mercer

[I]  Banks, fintechs must collaborate to improve financial inclusion: Experts

[I]  Insolvency code has improved recovery significantly: Top bank CEOs

 

MARKETS (10:30 am)

 [I]  SGX NIFTY Fut: 10532USDINR DGCX: 71.5300;  DJIA Mini: 24233;  FTSE 100 Fut: 6716;  NIKKEI 225 Fut: 21213;  EUR-USD: 1.1429; Crude Oil (WTI): 52.51;  Gold (Spot): 1249       

 

Best Regards, ARBIND

07 Dec 2018