MACRO ECONOMIC NEWS

THERE IS GOLDMINE OF ABUNDANCE WITHIN YOU. WISHING YOU NOW LET IT FLOW.

Macro Economic News 12 Dec 2018

 

Beijing agrees to reduce auto tariffs and buy more American products, but key differences remain, as Washington prepares to add fresh pressure on Beijing. Washington and Beijing started with a phone call touching on China’s purchases of agricultural products and changes to its fundamental economic policies. A gauge of U.S. business prices rose slightly in November, but the pace of gains moderated significantly from the prior month.

 

FINANCIAL TIMES

[I]  China to cut tariffs on imported US cars

[I]  Big Four reveal number of partners fired over conduct

[I]  Theresa May faces fresh threat of leadership coup

[I]  France buys its way to a budget battle

[I]  Brussels offers Swiss exchanges temporary market access

[I]  ‘Slavery law’: Hungary set to pass overtime bill

[I]  China car sales in steepest monthly fall in 6 years

 

REUTERS

[I]  Japan machinery orders miss expectations, protectionism threatens investment

[I]  Exclusive: White House delays new farm aid payments on China trade hopes - sources

[I]  Global Markets: Asia stocks up on Sino-U.S. trade hopes, sterling nurses losses 

[I]  After Brexit vote delay, leadership challenge looms for May 

[I]  German economic sentiment improves but Brexit, trade risks weigh

[I]  Asia to grow as expected in 2018 and 2019, trade war poses downside risks - ADB

 

BLOOMBERG 

[I]  Double Blow to Rupee Quells Revival Hope for Worst Asia Currency

[I]  Trump Says Fed `Would Be Foolish' to Raise Rates This Month

[I]  Here Are Nomura's 9 ‘Gray Swans’ That Could Hit Markets in 2019

[I]  Women Get Board Seats Mostly When It's Required by Law

[I]  Mexico Sweetens Offer for Investors in Scrapped $13 Billion Airport Project

 

WALL STREET JOURNAL

[I]  China Moves to Address U.S. Economic Concerns

[I]  U.S., China Kick Off a Fresh Round of Trade Negotiations

[I]  The Loneliest Generation: Americans, More Than Ever, Are Aging Alone

[I]  A Generation Enters Old Age Poorly Prepared

[I]  America Is Running Out of Family Caregivers

[I]  Wealth Gap Adds a New Indignity to Old Age

[I]  Producer Prices Edge Up in November

[I]  Negotiators Reach Compromise on $867 Billion Farm Bill

[I]  EU-Led Group Poised to Answer U.S. Complaints on WTO

 

BUSINESS LINE

[I]  Shaktikanta Das is the new RBI Governor

[I]  Fossil fuel lobby fails to dent support for climate action

[I]  Venture capital industry moving towards maturity: Bain-IVCA report

[I]  India to hold talks on upgrading bilateral trade pact with South Korea this week

[I]  UK is largest Western investor in India, says report

[I]  Storm in bay may cross coast just north of Chennai by weekend

 

ECONOMIC TIMES

[I]  Narayana Murthy calls for cultural transformation to address developmental challenges

[I]  India, EU, China push new hiring norms for WTO appellate body

[I]  RBI woes won't end with new leader

[I]  A tale of four reserve bank governors and their idiosyncrasies

[I]  Government likely to make announcement on RBI soon: Finance Secretary

 

BUSINESS STANDARD

[I]  Indian companies want RBI to dilute notice banning debt recast

[I]  World's largest refinery India plan likely to get delayed by three years

[I]  Govt, original equipment manufacturers to tackle fraud on purchase portal

[I]  MSME digital lending may rise up to 15-fold, hit Rs 7 trn by 2023: Reports

[I]  Duty drawback rate increase to boost textile exports from India

[I]  RBI scaled up foreign exchange market operations in October 2018

[I]  PSBs are among least capitalised banks in the world, say experts

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10573; USDINR DGCX: 72.5150;  DJIA Mini: 24503;  FTSE 100 Fut: 6852;  NIKKEI 225 Fut: 21546;  EUR-USD: 1.1329; Crude Oil (WTI): 52.17;  Gold (Spot): 1245            

 

Best Regards, ARBIND

12 Dec 2018