MACRO ECONOMIC NEWS

WISH THIS WEEKEND MAKES YOU REINFORCE THE POWER OF YOUR THOUGHT. HAPPY WEEKEND.

Macro Economic News 08 Dec 2018

 

Federal Reserve officials are considering whether to signal a new wait-and-see mentality after a likely interest-rate increase at their meeting in December, which could slow the pace of rate increases next year. Americans continue to feel good about the economic outlook, with the University of Michigan saying its preliminary index of consumer sentiment exceeded economists’ expectations.

 

FINANCIAL TIMES

[I]  Opec agrees to cut output by 1.2m barrels a day

[I]  France prepares for further protests this weekend

[I]  US CEOs are still bullish, just not as bullish as before

[I]  EU directive on sharing ‘e-evidence’ approved

[I]  Switzerland risks EU sanctions threat over integration deal

[I]  Leave campaign plans quietly for second referendum

[I]  EU poised to impose sanctions over Ukraine poll

[I]  US wage growth steady despite sharp slowdown in hiring

[I]  UK plans clampdown on retail trading in complex derivatives

 

REUTERS

[I]  Paris in lockdown as France braces for new anti-Macron riots

[I]  Japan's military sees record spending, aims to buy more U.S. arms - Nikkei

[I]  Wall Street tumbles, indexes post biggest weekly losses since March

[I]  Fed policymakers signal turning point on U.S. rate-hike path

[I]  OPEC, Russia agree to slash oil output despite Trump pressure 

[I]  India's July-September current account gap hits four-year high on oil price rise

[I]  Global Economy: No Brexit shock absorber for UK this time

[I]  U.S. job growth slows in November, monthly wage gains modest

 

BLOOMBERG 

[I]  Why Plunging Fed Odds and Jobs Miss Failed to Dent the Dollar

[I]  Germany Willing to Merge Deutsche Bank, Commerzbank, Focus Says

[I]  The Yield Curve Is Inverted! Remind Me Why I Care

[I]  OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak

[I]  Emerging-Market Dud Turkey Wins Favor as a Top Trade for 2019

[I]  U.S. Consumer Credit Rose Most in 11 Months in October

[I]  How OPEC Math Arrives at Its 800,000-Barrel Cutback Share

[I]  Drillers Lay Down U.S. Rigs With Oil Volatility Crushing Plans

 

WALL STREET JOURNAL

[I]  U.S. Hiring Slows as Wages Grow, Unemployment Holds at Multidecade Low

[I]  Did the Job Market Slow in November? Here’s How It Compares

[I]  Analysis: Jobs Report Keeps December Rate Increase on Track

[I]  Fed Weighs Wait-And-See Approach on Future Rate Rises

[I]  Consumer Sentiment Remains Steady in the U.S.

 

BUSINESS LINE

[I]  Loot and scoot has left banks Rs. 168.72 crore poorer: RBI data

[I]  India-EU attempts to re-start free trade talks stumble on old issues

[I]  Pace of road construction to slow down in FY20 due to funds shortage: CARE

[I]  Brexit no deal: British Indian MP’s call to use threat of food shortages against Ireland draws flak

[I]  Buoyant equities boost MF assets to Rs. 24 lakh crore in Nov

[I]  Tough acts: Balancing growth with equity, and concern for environment

 

ECONOMIC TIMES

[I]  Gold demand loses steam due to high prices

[I]  Forex reserve rises by $932.8 million to $393.72 billion

[I]  Cotton Association of India cuts 2018-19 production estimate by 3 lakh bales

[I]  India Inc's Jan-Nov M&A deal tally at $82 billion: Report

[I]  India, UAE currency swap pact to reduce Delhi's dependency on US dollars

[I]  Current account deficit widens to 2.9% of GDP in Q2

 

BUSINESS STANDARD

[I]  Policy on cards to let firms exit highway projects easily: Road ministry

[I]  July-Sept current account deficit at 4-year high on rising oil prices: RBI

[I]  Opec, allies agree on larger-than-expected cut after marathon talks

[I]  India hopes to double ethanol blending to 8% in 2018-19 sugar season

[I]  SBI chairman says amendments required in section 29A of insolvency code

[I]  Insolvency code missing deadlines of recoveries 2 yrs after ambitious start

[I]  Govt contribution to National Pension Scheme raised to 14% of basic salary

 

Best Regards, ARBIND

08 Dec 2018