MACRO ECONOMIC NEWS

AS LONG AS WE ARE MAKING THE EFFORT, GOD WILL NEVER LET US DOWN. WISHING A WINNING DAY AHEAD.

Macro Economic News 31 Jan 2019

 

The Federal Reserve indicated that it was done raising interest rates for now, fuelling a market rally. The FED monetary tightening hasn’t just paused; it may be over. As negotiators meet this week to hammer out a new U.S.-China trade deal, analysts say part of the solution is for the U.S. to sell more business services to the Chinese. GDP grew at a 2.6% annual rate last quarter and will expand at a 1.8% clip this period, according to a Journal poll. Economists say a big slowdown in China and slower growth in Europe are holding back the U.S. The Treasury Department said it would scale back its borrowing plans in early 2019, after ramping up borrowing last year amid rising deficits following the $1.5 trillion tax cut.

 

FINANCIAL TIMES

[I]  Fed puts rate rises on hold as global economy slows

[I]  China to rush through new foreign investment law

[I]  Putin keeps grip on spending despite Russian anger

[I]  Berlin eyes stimulus to boost softening economy

[I]  French growth beats forecasts despite yellow vests

[I]  Farmers hope to break Argentina’s economic drought

[I]  Europe should be wary of the lure of bigger banks

 

REUTERS

[I]  China January factory activity shrinks for second month in a row: official PMI

[I]  U.S. Senate judiciary chair requests FBI briefing on arrest of Trump ally

[I]  S&P upgrades New Zealand's outlook to positive

[I]  U.S. sanctions Nicaragua’s petroleum company: U.S. national security adviser

[I]  Election worries muddy waters for bond investors in India

[I]  U.S., China launch high-level trade talks amid deep differences

[I]  U.S. private payrolls rise strongly; housing market struggling

 

BLOOMBERG 

[I]  China Manufacturing Shows Resilience Amid Trade War, Slowdown

[I]  Refiners Stung by Venezuela Sanctions Face U.S. Gulf Oil Exodus

[I]  Powell's `Patience' Is Relief for Hong Kong as Pressures Mount

[I]  Japan Factory Output Stalling After Helping Economy Rebound

[I]  Fed's Message Leaves Rate-Hike Bets Hanging, Raises Odds of Cut

[I]  Where Currency Analysts Think the Pound Will Go Next

[I]  India’s Still-Reeling Shadow Banks Face Fresh Cash Shortage Risk

[I]  New Zealand Just Found Out It Has Fewer People Than Thought

 

WALL STREET JOURNAL

[I]  Fed Signals Hold on Rate Increases

[I]  The Fed’s Mysterious Pause

[I]  Shutdown Shows American Institutions Are Alive and Kicking

[I]  What Can the U.S. Sell China? Services

[I]  U.S. Economy Is Slowing, Survey Says

[I]  Treasury to Scale Back Borrowing Plans in Early 2019

[I]  U.S. Private Sector Adds 213,000 Jobs in January

 

BUSINESS LINE

[I]  MCA turns up the heat on India Inc; seeks annual return on loans, other receipts

[I]  ‘A choppy 2019 ahead for real estate sector’

[I]  Divestment process for Air India subsidiary likely to begin in 10 days

[I]  Uncertainty continues as May attempts to renegotiate Brexit

[I]  Brexit: ‘We are not closing borders’

[I]  More snow, rain forecast for North from fresh disturbance

 

ECONOMIC TIMES

[I]  PMO tells PSUs to pick ‘Made in India’ products

[I]  Production of horticulture crops seen at record 314.67 million tonnes in 2018-19

[I]  India Inc foreign borrowing trebles to USD 3.81 billion in December

[I]  Animal spirits tempered as waning demand hits India's economy

[I]  Getting organised: 25% of unorganised workforce may get minimum pension

[I]  Tax sops for middle class, steps on farm crisis likely in interim budget

 

BUSINESS STANDARD

[I]  Unemployment rate at four-decade high of 6.1% in 2017-18: NSSO survey

[I]  How unbranded hotels are hitching a ride on branded ones for growth

[I]  How some big-ticket office deals hit a roadblock because of market delays

[I]  Govt arms DIPP with policy oversight to assume singular control over retail

[I]  Unified regulator for GIFT City, relaxations to woo AIFs on cards

[I]  VCs become choosy about start-ups: Is the Series A funding crunch back?

[I]  Possibility of communal violence in India ahead of 2019 elections: US intel

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10719;  USDINR DGCX: 71.0825;  DJIA Mini: 24987;  FTSE 100 Fut: 6893;  NIKKEI 225 Fut: 20740;  EUR-USD: 1.1503; Crude Oil (WTI): 54.58;  Gold (Spot): 1319

 

Best Regards, ARBIND

31 Jan 2019