MACRO ECONOMIC NEWS

KINDNESS IS A WONDERFUL WAY TO LET KNOW THE STRUGGLING SOUL ABOUT EXISTENCE OF LOVE. WISHING A LOVELY DAY AHEAD.

Macro Economic News 04 Jan 2019

 

A parliamentary panel asked the RBI to ease its rules on capital requirements for banks so that they can increase lending. OPEC sends fewest oil cargoes to United States in at least five years. A gauge of U.S. manufacturing plunged by the most since the 2008 recession a day after Apple cut its revenue outlook, fueling concern that the trade war with China is taking a bigger-than-expected toll on economic growth. U.K. consumer confidence fell to the lowest since 2013 last month as escalating Brexit concerns continued to weigh on sentiment. Asia is finally succumbing to the global property slowdown that’s jolted homeowners and investors from Vancouver to London, with markets in Singapore, Hong Kong and Australia showing fresh signs of softening. The economic ramifications could be serious.

 

FINANCIAL TIMES

[I]  Apple warning bell triggers fears for global economy

[I]  Top CEOs earn typical annual wage in 61 hours

[I]  Great leap forward for China with Moon landing

[I]  Taiwan turns to India to escape China dependence

[I]  US warns citizens about travel to China

[I]  US car sales defied predictions of a slowdown in 2018 

[I]  State-owned German banks end merger talks

[I]  Europe urgently needs stronger banks

 

REUTERS

[I]  Poor U.S. data, Apple warning spook global markets

[I]  Oil drops on concerns of economic downturn, but OPEC cuts support

[I]  Japan December manufacturing PMI lifted by best output growth in eight months

[I]  Most of UK PM May's Conservative Party members oppose her Brexit deal - survey

[I]  China shoppers, stung by slowdown, take bite out of Apple

[I]  Parliamentary panel asks RBI to ease bank capital requirements

 

BLOOMBERG 

[I]  Japan Stocks Plunge on Their First Trading Day of 2019

[I]  British CEOs Will Earn as Much as a Typical Worker Makes in a Year by Lunchtime

[I]  Don't Be Fooled: The U.S. Auto Sales Party Is Coming to an End

[I]  Property Markets From Hong Kong to Sydney Join Global Slump

[I]  Market Earnings Angst Goes Beyond Apple With Outlooks Darkening

[I]  The Bad Economic News That Used to Be Good Is Just Bad Right Now

[I]  Orange Is the New Red as 2019 Kicks Off With Juice Prices at Fresh Low

[I]  Aggressive Change in Market’s Fed Outlook Drives Inversions in Yield Curve

[I]  India’s Path to Become World’s Fifth-Biggest Economy Won’t Be Easy

 

WALL STREET JOURNAL

[I]  U.S. Factory Activity Decelerates Sharply Amid Global Slowdown

[I]  Hassett Warns Other Firms Could Join Apple in Seeing Weaker Sales

[I]  Jobless Claims Increased Last Week

[I]  U.S. Private Sector Adds 271,000 New Jobs in December

[I]  Inflation Was a Bad Bet Last Year

[I]  Fed’s Kaplan Says It’s Time to Hold Off on Interest-Rate Rises

[I]  Chinese Consumers Curb Spending, Likely Deepening Slowdown

[I]  The World Is Getting Quietly, Relentlessly Better

[I]  As Brexit Date Approaches, EU Workers Kiss Goodbye to U.K. in Record Numbers

 

BUSINESS LINE

[I]  Govt may not proceed with draft pharmaceutical policy

[I]  House panel suggests time-bound settlement for victims of unregulated deposit schemes

[I]  E-comm policy scrambles online market for phones

[I]  Centre not to conduct auctions for commercial coal mining till elections

[I]  Car-makers expect sales to rebound in Q4, but analysts cautious on outlook

[I]  Global cotton prices set to soften on dip in offtake

[I]  Slowdown in NBFC sector likely to continue for a few more quarters

 

ECONOMIC TIMES

[I]  Turkish lira in deep trouble after another crash

[I]  Most Asian currencies weaken as growth fears set off 'flash crash'

[I]  RBI scales down printing of Rs 2000 note to minimum: Govt source

[I]  Govt considering steps to prevent misuse of gift route to import goods

[I]  India not to impose anti-dumping duty on coated paper imported from China, EU, US

[I]  NCLT helped creditors recover Rs 80k crore: FM Arun Jaitley

[I]  E-commerce rules do not allow foreign investment in multi-brand retail: DIPP

 

BUSINESS STANDARD

[I]  Pace of revenue expenditure slows as fiscal deficit target looms

[I]  Govt does U-turn in policy, says e-commerce firms can sell private labels

[I]  Airlines' 8% fare hike comes a cropper as Indians refuse to pay more to fly

[I]  Disbursement by HFCs, NBFCs to slow down in H2FY19, says Icra

[I]  Now, 20-day earned leave every year for central govt employees a must

[I]  Proposed changes to IT Act unlikely to solve core issues: Experts

[I]  Rural push needed for bank branches, ATMs and business correspondents

[I]  Domestic IT spend to grow 11.9% to Rs 2.59 trillion in 2019, says report

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10697;  USDINR DGCX: 70.2500;  DJIA Mini: 22592;  FTSE 100 Fut: 6622;  NIKKEI 225 Fut: 19258;  EUR-USD: 1.1407; Crude Oil (WTI): 46.75;  Gold (Spot): 1298

 

Best Regards, ARBIND

04 Jan 2019