LET US RELEASE THE PAST WITH EASE TO BECOME SAFE AND FREE. WISHING A LIBERATING DAY AHEAD.

Macro Economic News 29 Dec 2018

 

Indian Govt is considering three options for a relief package to help farmers suffering because of low crop prices at a cost of as much as 3 trillion rupees ($42.82 billion). Americans are carrying more consumer debt than ever before but so far don’t seem to be having much trouble managing it. The number of U.S. existing homes going under contract declined in November, signaling home sales may remain in a slump in the coming months.

 

FINANCIAL TIMES

[I]  Brussels seeks tougher anti-money laundering controls

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

[I]  US sees Africa as a stage in its confrontation with China

[I]  Corporate America’s visa loss is Canada’s brain gain

[I]  UK gender pay gap narrows, but only very slightly  

 

REUTERS

[I]  Government doubles export incentives for onion farmers to 10 percent 

[I]  Trump widens demands in wall standoff, threatens Mexico border closure 

[I]  Cabinet approves plan to list six state-owned firms 

[I]  India in talks with U.S. over steel tariff exemption: government official 

[I]  German inflation slows sharply as ECB dials back stimulus

[I]  China's monetary policy stance unchanged but policymaking to be flexible: official

 

BLOOMBERG 

[I]  Hedge Funds Bet on Oil Rally in 2019 After Wackiest Year-End in Decade

[I]  Oil Edges Higher to End Turbulent Trading Week With a Whimper

[I]  PBOC Signals Monetary Policy May Not Ease as Much as Some Hope

[I]  Reports of the Death of Fed Rate Hikes May Have Been Exaggerated

[I]  As the Euro Turns 20, a Look Back at Who Fared the Best. And Worst

[I]  Shale Explorers Boost U.S. Drilling Again Despite Oil Price Collapse

 

WALL STREET JOURNAL

[I]  Teachers Quit Jobs at Record Rate

[I]  U.S. Economy Fuels Boom in Consumer Debt

[I]  Pending Home Sales Fell in November

[I]  North Korea Built an Alternative Financial System Using a Shadowy Network of Traders

[I]  U.S. Consumer Confidence Fades in December

[I]  Markets Are Already Volatile. A Long Shutdown Could Make It Worse.

[I]  Partial Government Shutdown Likely to Stretch Into January

 

BUSINESS LINE

[I]  Bank-like asset-liability rules for NBFCs, soon

[I]  Cabinet clears share sale in 7 Central PSUs

[I]  US may raise protectionism flag over new e-comm norms

[I]  Nod for reforms in Indian medicine, homoeopathy

[I]  India in talks with US on steel tariff exemption

[I]  Brief respite from the cold for hills in North, adjoining plains

 

ECONOMIC TIMES

[I]  Oil prices steady near 18-month lows ahead of new year

[I]  Gold holds near 6-month high on softer dollar, tumultuous stocks

[I]  Forex reserves up by $167.2 mn to $393.28 billion

[I]  Over 1 lakh companies deregistered this fiscal: Govt

[I]  Wheat output likely to rise in India as acreage rises in key states

[I]  Centre mulls zero interest on timely crop loan repayment as new year gift

[I]  RBI to ensure sustainable growth of NBFCs with adequate credit

[I]  Arunachal Pradesh touches record high revenue generation

 

BUSINESS STANDARD

[I]  RBI says haste in easing norms for banks harmful to economy

[I]  Trai gives a month to enforce tariff order, outlines a migration plan

[I]  Insolvency and Bankruptcy Code improved recovery for banks, says RBI report

[I]  Despite relaxed norms, few MSME promoters able to bid for their own company

[I]  Govt doubles export incentive on onion to shore up prices, boost shipments

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10921;  USDINR DGCX: 70.1000;  DJIA Mini: 23035;  FTSE 100 Fut: 6666;  NIKKEI 225 Fut: 19900;  EUR-USD: 1.1444; Crude Oil (WTI): 45.33;  Gold (Spot): 1278

 

Best Regards, ARBIND

29 Dec 2018

ITS NOT OVER UNTIL ITS OVER. LETS CELEBRATE LOVE IN ALL FORMS. WISHING A LIVELY DAY AHEAD.

Macro Economic News 28 Dec 2018

 

India risks missing its budget deficit target for the current fiscal year. Economists said the government had already started to cut capital spending in an attempt to narrow the gap. The Conference Board’s consumer confidence index for American households fell in December, weighed down by weaker expectations for economic growth and heightened market volatility. The number of U.S. workers filing applications for jobless benefits ticked down last week, a sign that the volatility plunge in stock markets is having little effect on employment.

 

FINANCIAL TIMES

[I]  Saudi Arabia makes sweeping cabinet changes

[I]  Europe’s bank stocks in worst year since eurozone crisis

[I]  US government shutdown set to drag into new year

[I]  Tax cuts leave US on ‘unstable fiscal path’ a year on

[I]  China’s middle class hit by shadow banking defaults

[I]  Labour opposes ‘indicative votes’ for MPs on Brexit

[I]  Russia warns of risk to global antiterrorism efforts

[I]  Global miners tested by shift to low-carbon economy

 

REUTERS

[I]  India to issue draft e-commerce policy in few weeks: government source 

[I]  BOJ at logger-heads on how much yield falls to tolerate: December summary

[I]  Oil prices jump, but oversupply worries persist

[I]  Yen and franc draw safe-haven bid on renewed growth fears

[I]  India risks missing budget gap target for fiscal year, data shows 

[I]  Drop in U.S. consumer confidence stokes fears of economic slowdown

[I]  Japan factory output falls in sign of rising pressure on economy

[I]  China says direct trade talks with U.S. in January, pledges more opening

 

BLOOMBERG 

[I]  Unease Grows at Bank of Japan as Oil Casts Shadow on Prices

[I]  U.S. Trade Goals, Fed Should Slow Hikes, China Slowdown: Eco Day

[I]  U.S. Leveraged Loan Fund Outflows Rose to Fresh Record High

[I]  Fed Says Texas Job Growth Will Take Hit If the Oil Rout Drags On

[I]  Biggest Stock Reversal Since 2010 Rings of Bear Market Bounce

[I]  China Has the World's Worst Stock Market With $2.3 Trillion Loss

[I]  December Early Indicators Show China Slowed for a Seventh Month

[I]  Taiwan's Overbanked Market Is Trying to Consolidate. Again

[I]  U.S. Coal Mining Reaches 16-Month High

 

WALL STREET JOURNAL

[I]  U.S. Consumer Confidence Fades in December

[I]  U.S. Jobless Claims Fell Last Week

[I]  Markets Are Already Volatile. A Long Shutdown Could Make It Worse.

[I]  Partial Government Shutdown Likely to Stretch Into January

[I]  To Beat the Trade War, Companies Get Creative Breaking the Rules

[I]  Home-Price Growth Kept Pace in October

 

BUSINESS LINE

[I]  Fiscal deficit hits 114% of Budget estimate in first 8 months of FY19

[I]  Farm-loan waiver: With banks demanding repayment, States face a hard toil ahead

[I]  ‘New e-commerce policy will ensure level playing field’

[I]  FDI in non-conventional energy sector hits $3.2 b in 4 years

[I]  ‘Adoption of AI, IoT and blockchain to grow in 2019’

[I]  India’s two-wheeler industry gears up for the next wave of change

 

ECONOMIC TIMES

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

[I]  7th tranche of electoral bonds sale to kick off from January 1: FinMin

[I]  High CEO salaries and hikes vs average employee salary sparks debates

[I]  Animal spirits stirring as India moves past cash-crunch bump

[I]  All vehicles to come fitted with high security number plates from April 1

 

BUSINESS STANDARD

[I]  New draft policy on e-commerce to fix loopholes, set general rules of biz

[I]  Govt plans financial package for farmers; step could cost over Rs 600 bn

[I]  India's auto sector may attract $8-bn investments by 2023: Govt

[I]  India's exports are steadily rising, but import bill hurts much more

[I]  Volatile growth, cooling inflation: Economy gave mixed signals in 2018

[I]  Liquidity crisis: RBI governor Shaktikanta Das calls on pvt sector bankers

[I]  China's industrial profits suffer first y-o-y fall in 3 years: Report

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10873;  USDINR DGCX: 70.3000;  DJIA Mini: 23142;  FTSE 100 Fut: 6595;  NIKKEI 225 Fut: 19982;  EUR-USD: 1.1460; Crude Oil (WTI): 45.68;  Gold (Spot): 1278

 

Best Regards, ARBIND

28 Dec 2018

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