MACRO ECONOMIC NEWS

BELIEVE IN HOPE; MIRACLE HAPPENS EVERYDAY. WISHING A MIRACULOUS DAY AHEAD.

Macro Economic News 15 Jan 2019

 

By 2030, sales of electric scooters are expected to cross 2 million a year, even as most carmakers resist bringing electric cars to India. Scooters can also be charged quickly and more easily. India's annual retail inflation rate dropped to an 18-month low of 2.19 percent in December.

 

President Trump said China is feeling the pain from U.S. tariffs, but talks so far on a trade deal between the two nations haven’t yielded concrete results. The U.S. and European Union are staking out sharply different goals for coming trade negotiations, raising the prospect for renewed trans-Atlantic commercial tensions. The U.S. and many other large economies are set for a further slowdown this year, although there are signs of stabilization in China, according to leading indicators released by the OECD.

 

FINANCIAL TIMES

[I]  China exports fall most in 2 years as slowdown bites

[I]  Brussels pushes to end national vetoes on taxation

[I]  Mozambique’s ruling party tight-lipped on ‘tuna bonds’

[I]  Gold miners prepare to strike deals

[I]  State Street tells boards to focus on corporate culture

[I]  China car sales drop for first time since 1990

[I]  Greece is running out of time to fix its banks

 

REUTERS

[I]  India likely to overshoot fertiliser aid bill by $4.2 billion, banks may chip in

[I]  India's plunging inflation rate opens door to monetary easing 

[I]  U.S. government shutdown drags into fourth week amid stalemate

[I]  Mexico expects faster fuel transportation to drain inventories

[I]  Mexican economy likely hit by fuel crunch in January: central bank nominee

[I]  Oil prices edge up on supply cuts, but weakening economic outlook caps gains

[I]  Safe-haven yen up vs dollar after China slowdown sparks risk-off  

[I]  India's electric vehicle goals being realized on two wheels, not four

 

BLOOMBERG 

[I]  China Trade Blow, Fed's Clarida, Asia's 2019 Surprise: Eco Day

[I]  When It Comes to Rates, What Are Central Banks Going to Do Next?

[I]  Yellen Warns Anecdotal Signs Show Businesses Putting a Pause on Spending

[I]  Richard Clarida Hints Fed May Not Raise Rates as Much as Projected

[I]  China’s Banks Can Handle a Rate Cut

[I]  No Currency, Just a Currency Crisis: Zimbabwe's Woes Deepen

[I]  The Philippines Could Be Asia's Surprise Turnaround Story This Year

[I]  Mortgage Market Weighs Fed Intentions After Lackluster 2018

 

WALL STREET JOURNAL

[I]  Trump Bullish on China Trade Deal

[I]  U.S., EU Set Conflicting Goals for Looming Trade Talks

[I]  Shutdown Pinches Economic Growth

[I]  Clarida Says Fed Can Be Patient With Interest-Rate Increases

[I]  Big Wage Gains Are Unlikely, San Francisco Fed Says

[I]  OECD Sees Further Slowdown in Global Economy This Year

[I]  China’s Exports Take a Surprising Fall in December

[I]  U.S. Auto Makers Hit Speed Bumps Abroad

 

BUSINESS LINE

[I]  WPI inflation at 8-month low

[I]  Retail inflation drops to 18-month low of 2.19% in Dec

[I]  British PM mounts last-ditch bid to win Brexit-deal backing

[I]  2018 a record year for PE/VC investments, exits and fund-raising: EY

[I]  The dynamics of India’s rice export boom

[I]  Wet weather in store for the North

[I]  Rupee’s short-term outlook turns negative

 

ECONOMIC TIMES

[I]  Govt may give big tax sop to middle class in poll-focused Budget

[I]  China warns India, US against helping Taiwan

[I]  Large deals push private equity, venture capital investment up 35% to $35.1 billion in 2018

[I]  Cotton spinners record healthy recovery in profits as export demand surges

[I]  Business optimism falls 7% in January-March: Dun & Bradstreet

[I]  Weak industries prompt calls for RBI to downgrade India growth projections

 

BUSINESS STANDARD

[I]  Listed realty developers saddled with unsold properties worth Rs 1 trillion

[I]  Soon, listed firms may not get to have chairmen, MDs from the same family

[I]  IT fortunes shifting to Indian shores as clients move to execution stage

[I]  Proportionate benefits must be surrendered for refund of export proceeds

[I]  Govt may fall short of Rs 2.45-trn non-tax revenue target despite RBI funds

[I]  CII urges finance ministry to help infra with loans, settling cases

[I]  Finance Ministry wants state-run banks to bring down govt equity to 52%

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 10813;  USDINR DGCX: 70.9075;  DJIA Mini: 24022;  FTSE 100 Fut: 6835;  NIKKEI 225 Fut: 20525;  EUR-USD: 1.1485; Crude Oil (WTI): 51.14;  Gold (Spot): 1293

 

Best Regards, ARBIND

15 Jan 2019