MACRO ECONOMIC NEWS

LET US RELEASE THE PAST WITH EASE TO BECOME SAFE AND FREE. WISHING A LIBERATING DAY AHEAD.

Macro Economic News 29 Dec 2018

 

Indian Govt is considering three options for a relief package to help farmers suffering because of low crop prices at a cost of as much as 3 trillion rupees ($42.82 billion). Americans are carrying more consumer debt than ever before but so far don’t seem to be having much trouble managing it. The number of U.S. existing homes going under contract declined in November, signaling home sales may remain in a slump in the coming months.

 

FINANCIAL TIMES

[I]  Brussels seeks tougher anti-money laundering controls

[I]  China factory jobs dry up as trade tensions hit manufacturing

[I]  US sees Africa as a stage in its confrontation with China

[I]  Corporate America’s visa loss is Canada’s brain gain

[I]  UK gender pay gap narrows, but only very slightly  

 

REUTERS

[I]  Government doubles export incentives for onion farmers to 10 percent 

[I]  Trump widens demands in wall standoff, threatens Mexico border closure 

[I]  Cabinet approves plan to list six state-owned firms 

[I]  India in talks with U.S. over steel tariff exemption: government official 

[I]  German inflation slows sharply as ECB dials back stimulus

[I]  China's monetary policy stance unchanged but policymaking to be flexible: official

 

BLOOMBERG 

[I]  Hedge Funds Bet on Oil Rally in 2019 After Wackiest Year-End in Decade

[I]  Oil Edges Higher to End Turbulent Trading Week With a Whimper

[I]  PBOC Signals Monetary Policy May Not Ease as Much as Some Hope

[I]  Reports of the Death of Fed Rate Hikes May Have Been Exaggerated

[I]  As the Euro Turns 20, a Look Back at Who Fared the Best. And Worst

[I]  Shale Explorers Boost U.S. Drilling Again Despite Oil Price Collapse

 

WALL STREET JOURNAL

[I]  Teachers Quit Jobs at Record Rate

[I]  U.S. Economy Fuels Boom in Consumer Debt

[I]  Pending Home Sales Fell in November

[I]  North Korea Built an Alternative Financial System Using a Shadowy Network of Traders

[I]  U.S. Consumer Confidence Fades in December

[I]  Markets Are Already Volatile. A Long Shutdown Could Make It Worse.

[I]  Partial Government Shutdown Likely to Stretch Into January

 

BUSINESS LINE

[I]  Bank-like asset-liability rules for NBFCs, soon

[I]  Cabinet clears share sale in 7 Central PSUs

[I]  US may raise protectionism flag over new e-comm norms

[I]  Nod for reforms in Indian medicine, homoeopathy

[I]  India in talks with US on steel tariff exemption

[I]  Brief respite from the cold for hills in North, adjoining plains

 

ECONOMIC TIMES

[I]  Oil prices steady near 18-month lows ahead of new year

[I]  Gold holds near 6-month high on softer dollar, tumultuous stocks

[I]  Forex reserves up by $167.2 mn to $393.28 billion

[I]  Over 1 lakh companies deregistered this fiscal: Govt

[I]  Wheat output likely to rise in India as acreage rises in key states

[I]  Centre mulls zero interest on timely crop loan repayment as new year gift

[I]  RBI to ensure sustainable growth of NBFCs with adequate credit

[I]  Arunachal Pradesh touches record high revenue generation

 

BUSINESS STANDARD

[I]  RBI says haste in easing norms for banks harmful to economy

[I]  Trai gives a month to enforce tariff order, outlines a migration plan

[I]  Insolvency and Bankruptcy Code improved recovery for banks, says RBI report

[I]  Despite relaxed norms, few MSME promoters able to bid for their own company

[I]  Govt doubles export incentive on onion to shore up prices, boost shipments

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10921;  USDINR DGCX: 70.1000;  DJIA Mini: 23035;  FTSE 100 Fut: 6666;  NIKKEI 225 Fut: 19900;  EUR-USD: 1.1444; Crude Oil (WTI): 45.33;  Gold (Spot): 1278

 

Best Regards, ARBIND

29 Dec 2018