MACRO ECONOMIC NEWS

WE ARE NEVER ALONE. GOD CHOOSES US FOR AN ART OF DRAWING LIFE. WISHING A WONDERFUL WEDNESDAY.

Macro Economic News 26 Dec 2018

 

Plain-vanilla fixed deposit investments beat most asset classes in 2018. Equities, debt funds and real estate underperform in 2018. Equity, real estate, and even actively-managed debt funds have given lower returns than the State Bank of India one-year fixed deposit returns in 2018. Gold gave marginally higher returns, but that too was in line with what many public sector and private sector banks offered.

 

FINANCIAL TIMES

[I]  Iran budget proposals point to revenue decline

[I]  Israel to hold early elections as Knesset is dissolved

[I]  Chinese ecommerce exporters bullish on prospects despite Trump

[I]  Big Tech in hiring spree for looming antitrust battles

[I]  China hits back at US and UK allegations of cyber attacks

 

REUTERS

[I]  Global stocks under a cloud as U.S. political tumult adds to growth anxiety 

[I]  BOJ divided over side effects of easy policy: October minutes

[I]  China plans more nuanced anti-pollution measures in 2019: ministry

[I]  Dollar under pressure as U.S. politics, Fed worries weigh

[I]  Emerging nations will take longer to outpace developed economies: Cebr

[I]  Thailand approves medical marijuana in New Year's 'gift' 

[I]  Japan's top currency official says govt ready to act to curb yen volatility

 

BLOOMBERG 

[I]  China Studying Plans to Boost Bank Capital Amid Lending Push

[I]  Gold Powers to Six-Month High as Turmoil Spurs Demand for Haven

[I]  Thailand Appoints First Female Capital Market Regulator Chief

[I]  Oil in London Dips Below $50 as Market Chaos Counters OPEC+ Cuts

[I]  World Economy Is Set to Feel the Delayed Trade War Pain in 2019

[I]  Trump Rips Fed as Economy's Only Problem; No Powell Mention

[I]  Analysts Say Brace for a Steeper Plunge as Shutdown Drags On

[I]  Consumers Increasingly Prop Up a U.S. Economy That's Set to Slow Down

[I]  Traders Sticking to Safer Bets as U.S. Political Events Confound

 

WALL STREET JOURNAL

[I]  How China Built a Steel Behemoth and Convulsed World Trade

[I]  Once-Hot Housing Market Likely to Cool Further in 2019

[I]  Canada Cools Its Housing Market—but Frustrates Home Buyers

[I]  U.S. R&D Agenda Needs a Shake-Up, Scientists Say

[I]  Real Time Economics: The Fed Speaks and Markets Recoil

[I]  Real Time Economics: Powell Follows the Data, Not the Market

 

BUSINESS LINE

[I]  Budget move: An independent regulator for spot exchanges

[I]  15 start-ups ‘interested to list’ as SEBI relaxes norms

[I]  ‘Angel tax has to be watered down’

[I]  ‘Iran crude key to sustaining balance in oil trade’

[I]  ‘62% of SEZs are operational and have created 20 lakh jobs’

[I]  Rules being tweaked to enable message tracing on social media

 

ECONOMIC TIMES

[I]  Need law to check population: Giriraj Singh

[I]  Opec promises curbs, but it’s no relief for oil

[I]  Dollar hits 4-month low vs yen as chaos engulfs Washington

[I]  Companies get tax demands on ‘high’ premiums in FDI, M&A & share allotment deals

[I]  Onion prices crash to Re 1 per kilo in wholesale market

[I]  Cos may have to deal with fewer GST accounts

 

BUSINESS STANDARD

[I]  Succession, leadership transition challenges loom for family-run firms

[I]  States with fiscal space can go for farm loan waivers, says Arun Jaitley

[I]  Plain-vanilla fixed deposit investments beat most asset classes in 2018

[I]  Rewind 2018: High cost of fuel, finance dent auto sector's fortunes

[I]  Indian IT players look at capital allocation models of foreign firms

[I]  2018 was a watershed year for corporate India, courtesy IBC

[I]  Year ender 2018: NPAs of Indian banks surged past Rs 10 trillion

 

MARKETS (10:00 am)

[I]  SGX NIFTY Fut: 10562;  USDINR DGCX: 69.9825;  DJIA Mini: 21590;  FTSE 100 Fut: 6611;  NIKKEI 225 Fut: 19123;  EUR-USD: 1.1406; Crude Oil (WTI): 42.74;  Gold (Spot): 1273

 

Best Regards, ARBIND

26 Dec 2018