MACRO ECONOMIC NEWS

WE ARE BEING PREPARED FOR WHAT IS LYING AHEAD FOR US. WISHING YOU TRIUMPH WITH TRUST.

Macro Economic News 27 Dec 2018

 

The U.S. trade deficit keeps widening. Critics of the Federal Reserve may be right that its monetary policy is too tight amid signs of an economic slowdown. But the president’s approach of attacks on the Fed is likely to just make the markets worse. Growth in home prices remained steady in October, the latest sign that conditions are becoming more favorable for buyers. Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.

 

FINANCIAL TIMES

[I]  Number of Chinese IPOs in US hits 8-year high

[I]  US stocks and oil surge after run of bruising declines

[I]  Japan to restart commercial whaling and quit commission

[I]  Tariffs overtake tax as focus of corporate America

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

[I]  Banks pushed to cleanse balance sheets of climate risk

[I]  China eyes perpetual bonds to boost bank capital ratios

 

REUTERS

[I]  India tightens e-commerce rules, likely to hit Amazon, Flipkart

[I]  Wall Street surge provides relief to battered stock markets 

[I]  China's draft foreign investment law bans forced tech transfer, emphasizes reciprocity

[I]  U.S. Commerce Department won't publish economic data during shutdown: WSJ

[I]  Thai December headline inflation rate seen easing to 0.84 percent: Reuters poll

[I]  Gold rises on safe-haven demand, equity rebound caps gains

[I]  Former RBI governor Bimal Jalan to lead economic capital framework review

[I]  China's industrial profits suffer first annual drop in three years, piles pressure on economy

[I]  Singapore November factory output rises 7.6 percent, beats forecast

 

BLOOMBERG 

[I]  Global Stock Rally Boosts Indian Shares to Second Day of Gains

[I]  China's Industrial Profits Drop for First Time Since 2015

[I]  Fruit Fight in Chile Reveals Hidden Ripples From U.S.-China Trade War

[I]  Asian Debt Defaults Are Expected to Rise

[I]  Trump's Self-Inflicted Economic Damage Could Cause Fed to Pause

[I]  Fund Investors Pull $56 Billion in Biggest Exit Since 2008

[I]  India’s Economy Is Picking Up as It Moves Past Cash-Crunch Bump

[I]  Insider Stock Buying Surges to 8-Year High

[I]  U.K.'s Underpaid Ethnic Minority Workers Lose $4 Billion a Year

[I]  U.S.-China Trade Talks, Fed Pause Cause, Shutdown Risks: Eco Day

 

WALL STREET JOURNAL

[I]  Trump Didn’t Kill the Global Trade System. He Split It in Two.

[I]  Trump’s Volatility Adds to Stock-Market Selling Pressure

[I]  Powell Is ‘100% Safe’ at Fed, Trump Economic Adviser Says

[I]  Home-Price Growth Kept Pace in October

[I]  Holiday Retail Sales Are Strongest in Years

[I]  U.S. Farmers Fear Lucrative Japanese Exports Will Wither

[I]  Four New Voters to Join Fed’s Key Panel Amid Rate-Increase Uncertainty

 

BUSINESS LINE

[I]  Govt tightens e-comm policy to check misuse by online players

[I]  General insurers planning a registry of serial offenders

[I]  Open a liquidity window: NBFC chiefs to PM

[I]  Logistics start-ups attract $1.89-b investments in 2018

[I]  Women in Tier-II, III cities miss out on S&T scheme

[I]  Networking market grows 67% in Q3 on back of higher investments

[I]  Cold wave, dense fog conditions may extend into New Year

 

ECONOMIC TIMES

[I]  You may soon get separate bills for purchases

[I]  In rare move, state to return unused land to farmers

[I]  Flying set to become costly next year

[I]  Dollar holds firm on Wall St surge, upbeat economic data

[I]  Companies CSR expenditure rises 47 per cent in 4 years to FY18: Survey

[I]  RBI launches survey to capture retail payment habits in 6 cities

[I]  2019 and beyond: Focus on premiumisation, decentralisation

 

BUSINESS STANDARD

[I]  Rewind 2018: India Inc sees high-profile exits from the corner room

[I]  Online pharmacies hope for breather from govt after contrary court orders

[I]  Broadcasters line up bouquets on offer as tariff order deadline nears

[I]  IT sector, startups expected to hire 500,000 people in 2019: Mohandas Pai

[I]  IoT can reach 2 bn phone connections and unlock revenues of $11.1 bn: Study

 

MARKETS (11:30 am)

[I]  SGX NIFTY Fut: 10786;  USDINR DGCX: 70.3300;  DJIA Mini: 22811;  FTSE 100 Fut: 6669;  NIKKEI 225 Fut: 20042;  EUR-USD: 1.1377; Crude Oil (WTI): 46.12;  Gold (Spot): 1269

 

Best Regards, ARBIND

27 Dec 2018