MACRO ECONOMIC NEWS

CONSCIOUSNESS IS THE BEGINNING OF BEING AWARE OF THOUGHTS AND ACTIONS. WISHING AN ACTION PACKED WEEK AHEAD.

Macro Economic News 14 Jan 2019

 

The partial federal government shutdown is showing signs of disrupting commerce as hundreds of thousands of federal workers missed out on their first payday of the closure late last week.  Tame inflation, low gas prices and rising wages are putting more dollars in the pockets of American workers, a positive sign for consumer spending headed into 2019. Japan encouraged the elderly and women to work and broke a longstanding taboo against immigration, offering lessons for other advanced economies facing similar problems. It is now enjoying its second-longest economic expansion since World War II.

 

FINANCIAL TIMES

[I]  China delays market entry for Visa and Mastercard

[I]  Indian auto market overtakes Germany

[I]  US shutdown puts clamp on Wall St dealmakers

[I]  Clouds loom over global business as China economy falters

[I]  Trump on defensive over new Russia claims

[I]  Eurozone labour productivity growth grinds to halt

[I]  EU businesses see no end to sanctions against Russia

[I]  EU urges states to detail airline ownership ahead of Brexit

 

REUTERS

[I]  Oil prices edge up on OPEC-led supply cuts, lower U.S. drilling activity

[I]  Dollar steady; Aussie, kiwi lower on profit taking

[I]  Britain launches task force to tackle dirty money

[I]  Chinese FDI into North America, Europe falls 73 percent in 2018: report

[I]  Brexit takes toll on Britain's financial sector, outlook weak

[I]  British PM May warns it would be catastrophic to halt Brexit

 

BLOOMBERG 

[I]  Stricter U.K. Clean-Air Rules to Target Wood Stoves, Farming

[I]  China's Big Banks Throw a $22 Billion Test at Hybrids Market

[I]  Why the Fed and Markets Don’t Agree on Interest-Rate Prospects

[I]  The World Has Loads of Sustainable Palm Oil... But No One Wants It

[I]  If China Tech Thought 2018 Was Bad, Wait Till This Year Unfolds

[I]  Saudis Say OPEC+ Oil Cuts on ‘Right Track’ to Balance the Market

[I]  U.S. Recession Warning Signs, China's 2019 To-Do List: Eco Day

[I]  Top Strategists Have a Warning for Argentina Bulls Calling Rally

 

WALL STREET JOURNAL

[I]  GOP Senator Pushes Temporary Deal to Open Government

[I]  IRS Reopens Key Program for Mortgage Loans

[I]  Shutdown Pinches Economic Growth

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

[I]  How Aging Japan Defied Demographics and Revived Its Economy

[I]  U.S. Consumer Prices Ticked Lower in December

[I]  Economists Grapple With Industry’s ‘Reputation for Hostility’ Toward Women

 

BUSINESS LINE

[I]  India Inc shying off capacity additions

[I]  Income criteria could queer NDA’s quota pitch

[I]  Bigger role for operational creditors in resolution process worries bankers

[I]  Will EVs scupper mega oil refinery expansion plans?

[I]  Industry bodies worried by ‘adversarial’ approach of I-T Dept; seek govt support

 

ECONOMIC TIMES

[I]  Saudi energy minister says oil market on "right track"

[I]  US dollar has many hurdles to clear in 2019

[I]  RBI-Govt parleys: PCA norms could be eased for some better-off lenders

[I]  3.3% fiscal deficit target for 2018-19 likely to be breached, say experts

[I]  Companies may soon be able to rectify GST returns for Non-IT errors

[I]  Govt re-promulgates ordinance to amend companies law

 

BUSINESS STANDARD

[I]  With celebrities under microscope, do mascots offer a safer bet for brands?

[I]  Brands slice the message, straddle multiple media for customer buy-in

[I]  Govt to construct 44 strategic roads along the India-China border

[I]  GST compliance may rise, November sees 73% taxpayers filing returns

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10828;  USDINR DGCX: 70.5275;  DJIA Mini: 23769;  FTSE 100 Fut: 6819;  NIKKEI 225 Fut: 20230;  EUR-USD: 1.1471; Crude Oil (WTI): 51.40;  Gold (Spot): 1291

 

Best Regards, ARBIND

14 Jan 2019