MACRO ECONOMIC NEWS

SMILE ALWAYS SPREADS HAPPINESS AND ITS COMMUNICABLE. WISHING A SMILING WEEK AHEAD.

Macro Economic News 17 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. Volatile markets, mixed inflation signals and recent remarks by Fed Chairman Jerome Powell have deepened investors’ doubts about how many times the Fed can raise rates next year.

 

FINANCIAL TIMES

[I]  US credit markets dry up as volatility rattles investors

[I]  Pressure mounts for MPs’ vote on Brexit options

[I]  Forced labour used in China’s ‘re-education’ camps

[I]  Tough fourth quarter casts doubt on Wall St bonuses

[I]  Climate pact opens way for push on Paris accord

[I]  Draghi launches defence of EU and euro against nationalism

[I]  UK toppled as Europe’s biggest private equity market

[I]  Britain’s outsourcing crisis shows markets are working

 

REUTERS

[I]  Brexit pressure rises, but UK government says no to second vote 

[I]  China central bank says to guide credit, social financing growth as economic challenges rise

[I]  Safe haven support keeps dollar near 19-month high on growth risks

[I]  Japan Inc's inflation expectations nudge higher before BOJ meeting

[I]  Asking prices for UK homes show biggest two-month fall in six years: Rightmove

[I]  UK consumer spending falls by most since July in run-up to Brexit: Visa data

[I]  UK restaurant closures surge as consumers lose appetite to spend

[I]  Cuba forecasts slow growth in 2019 as economic woes continue

[I]  Regulators need joined up thinking to spot derivatives risks: BIS

[I]  Ten years on, Fed's long, strange, trip to zero redefined central banking

[I]  Recent market 'jolt' will be first of many as easy money era ends, says BIS

 

BLOOMBERG 

[I]  No-Deal Brexit Fears Take Heavy Toll on U.K. Housing Market

[I]  U.S. Pessimism, Australia Sees Surplus, New China Plan: Eco Day

[I]  May Attacks Second Brexit Referendum Plan as a Breach of Trust

[I]  Tumultuous Year Raises India Inc.'s Dependence on Foreign Banks

[I]  Toxic Politics and Fading Stimulus: East European Risks in 2019

[I]  Dollar Funding Risks for Foreign Banks Elude Easy Explanation

[I]  BOJ Watchers See Economic Risks Pushing Back Rate-Hike Prospects

[I]  Denmark Cuts Economic Growth Forecast for 2018-2019

[I]  Saudi Fund for Development Reschedules Jordan’s Debt

 

WALL STREET JOURNAL

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

[I]  Global Week Ahead: U.S. Trade Data, Home Sales, Federal Reserve Meeting

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

[I]  Many States See Strong Revenue

[I]  Investment in Infrastructure Is Booming

[I]  Investors Turn Focus to Fed’s 2019 Rate Path

[I]  Slower Overseas Growth Fans Worries on U.S. Expansion

[I]  2019 Outlook: U.S. Stocks Could Rally About 10%

[I]  Pay Rises in Tight Labor Market

 

BUSINESS LINE

[I]  At the altar of higher yields, funds sacrifice ratings

[I]  67% of 5,151 smart city projects stuck on paper

[I]  Real estate sector’s ‘long-term story remains positive’: CREDAI chief

[I]  ‘Cars bought in one State, but transported to another will require no e-Way bill’

[I]  ‘Households’ share in savings deposits has risen post note-ban’

[I]  ‘Enterprises have to implement certain key principles to win big’

 

ECONOMIC TIMES

[I]  'Hot money' evaporates from Indian capital markets in 2018

[I]  China seeks to defuse trade war with reversals on cars, corn

[I]  Analysts who warned of emerging market rout expect painful 2019

[I]  GST led to 'household savings' as tax rates came down

[I]  Anti-dumping duty on Chinese chemical for 5 years

[I]  RBI poll shows short-term pessimism and medium-term optimism of consumers

[I]  369 infrastructure projects show cost overrun of over Rs 3.58 lakh crore

[I]  Localisation heat: Data bank here may help government debit taxes

[I]  India again postpones levying retaliatory tariffs on US goods to Jan 31

 

BUSINESS STANDARD

[I]  Govt identifies cities, highways for electric vehicle charging infra

[I]  Volume, and not price, is the lever of growth for FMCGs, study shows

[I]  RBI waves ED threat to keep exporters in line, foil hedging against rupee

[I]  Automation Anywhere seeks to expand global presence with recent funding

[I]  Brexit referendum: UK govt says no to second vote amid rising pressure

[I]  Statsguru: CPI falls to 17-month low, industrial activity at 11-month high

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10861; USDINR DGCX: 71.9725;  DJIA Mini: 24128;  FTSE 100 Fut: 6840;  NIKKEI 225 Fut: 21523;  EUR-USD: 1.1306; Crude Oil (WTI): 51.39;  Gold (Spot): 1237

 

Best Regards, ARBIND

17 Dec 2018