MACRO ECONOMIC NEWS

SHARING YOUR HOPES WITH OTHERS IS HEAVENLY. WISHING A HEAVENLY DAY AHEAD.

Macro Economic News 20 Dec 2018

 

The U.S. current-account deficit widened to a 10-year high in the third quarter, as exports fell and imports continued to rise. November sales of previously owned U.S. homes edged up from a month earlier but clocked the largest annual decline in more than seven years, signaling the sputtering housing market may finish the year on a weak note.

 

FINANCIAL TIMES

[I]  Sharp stock market sell-off on Fed rate rise

[I]  White House says US is withdrawing troops from Syria

[I]  EU plans to soften no-deal Brexit — but not by much

[I]  Switzerland prepares to launch Iran payments channel

[I]  EU and Italy strike budget agreement to avoid fines

[I]  UK unveils temporary visa for EU nationals after Brexit

[I]  US gives go-ahead for defence system sale to Turkey

[I]  Germany toughens investment rules over China concern

 

REUTERS

[I]  U.S. Fed raises interest rates, signals more hikes ahead 

[I]  RBI's monetary policy committee sounds cautious on inflation: minutes 

[I]  Launch of Shanghai-London stock link stalled amid doubts on demand

[I]  BOJ to keep policy steady as global risks, sliding yields put it in bind

[I]  Ireland unveils 'stark' contingency plans for no-deal Brexit

[I]  BOJ to keep policy steady as global risks, sliding yields put it in bind

[I]  Fed raises interest rates, signals more hikes ahead

[I]  China's builders are hurting - Beijing may feel the pain

[I]  Ireland may ask for derogations from some EU rules in no-deal Brexit

 

BLOOMBERG 

[I]  Mueller Asks House Committee for Roger Stone Transcript, Official Says

[I]  Trump Bid to Curb Asylum Claims at Border Again Blocked in Court

[I]  Goldman Says China-U.S. Deal Would Be 2019's Top Economic Event

[I]  Bond Rally May Have Just Begun, Say Investors Reeling After Fed

[I]  There’s More Than One Reason Traders May Have Disliked the Fed's Message

[I]  Treasuries Rally on `Policy Mistake' Concerns as Curve Flattens

[I]  PBOC Ratchets Up Monetary Support With `Low-Profile' Rate Cut

[I]  China M&A Loans Slump for Second Year

[I]  Brazil, Indonesia Expected to Lead Emerging-Market Comeback in 2019

 

WALL STREET JOURNAL

[I]  Current-Account Deficit Widened in Third Quarter

[I]  The Loneliest Job in a Tight Labor Market

[I]  Home Sales Post Steepest Decline in Over Seven Years

[I]  Parsing the Fed: How the December Statement Changed From November

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

[I]  Mexico to Give Minimum Wage Another Boost

[I]  U.K. Economy Picked Up Pace in Third Quarter

[I]  ECB President Calls on Eurozone Nations to Cut Debt

[I]  China’s Economy Flashes New Warning Signs

 

BUSINESS LINE

[I]  Decline in rabi acreage may have a domino effect on multiple sectors

[I]  Average GST rate will soon be at 15%: NITI Aayog Vice-Chairman

[I]  Irrational ticket pricing, financial health of Indian airlines are a concern, says Boeing

[I]  ‘Only 3% of women IIT graduates between 1990-2000 are working’

[I]  I-T notices to start-ups: DIPP approaches Revenue Dept

[I]  Grape exports start on a sweet note with favourable weather, good yields

[I]  New reinsurance regulations credit-positive, says Moody’s

 

ECONOMIC TIMES

[I]  Why India might be sitting on fast ticking jobs time bomb

[I]  Jammu and Kashmir comes under President's rule

[I]  RBI's interest rate panel sounds cautious on inflation: minutes

[I]  284 companies may face prosecution for CSR non-compliance

[I]  Niti Aayog for setting up of agri tribunal, replacing MSP with crop auction at reserve price

[I]  Niti Aayog strategy document estimates 8% average GDP growth during 2018-23

[I]  Better payouts, digital payments to spur financial inclusion: NITI Aayog

[I]  I-T department takes steps to stop refunds based on bogus investments

[I]  Panel to redraft Direct Tax laws to focus on simplification

[I]  New promotion policy causes heartburn at RBI

[I]  Aadhaar amendments: New offences to attract steep fines, 10-year jail

[I]  Fintech companies seek access to Aadhaar

 

BUSINESS STANDARD

[I]  NITI unveils 'Strategy for New India @75' to make India $4-trillion economy

[I]  PE investors fighting tough rules to back insurance companies, say experts

[I]  Agri logistics companies yet to see sizable investor interest, shows data

[I]  RBI cautious on food, crude oil inflation 'reversal'; to study indicators

[I]  Have taken up 'angel tax' issue of startups with FinMin: Suresh Prabhu

[I]  Floating rate borrowers need easy portability

[I]  New tax norm likely to make National Pension System more attractive

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 10874;  USDINR DGCX: 70.4400;  DJIA Mini: 23395;  FTSE 100 Fut: 6783;  NIKKEI 225 Fut: 20787;  EUR-USD: 1.1383; Crude Oil (WTI): 47.20;  Gold (Spot): 1245

 

Best Regards, ARBIND

20 Dec 2018