MACRO ECONOMIC NEWS

LIFE IS A JOY AND IT BRINGS ALIVENESS. WISHING A LIVELY DAY AHEAD.

Macro Economic News 09 Jan 2019

The National Federation of Independent Business said its optimism index fell in December, a fourth straight month of declines, and the outlook on business conditions reached its lowest level since late 2016. The U.S. and China made progress on narrowing their differences on trade issues and purchases of U.S. goods and services, though the two sides are far from striking a deal. The number of unfilled jobs in the U.S. fell in November to the lowest level since June, though openings still exceeded unemployed Americans.

 

FINANCIAL TIMES

[I]  Palladium hits high on back of petrol car sales

[I]  Fall in German industrial output raises eurozone fears

[I]  May cabinet faces up to prospect of defeat in Brexit vote

[I]  EU backs new sanctions on Iran

[I]  German data hack suspect was ‘annoyed’ by politicians

[I]  US steel falls to pre-tariff levels amid China worries

[I]  Chinese companies boost number of US tech patents

 

REUTERS

[I]  Reuters poll: China's yuan to break 7 per dollar in six months - FX strategists

[I]  Oil prices surge on hopes of successful U.S.-China trade talks

[I]  Dollar edges lower as U.S.-China trade optimism lifts Aussie

[I]  China to introduce policies to strengthen domestic consumption- state media

[I]  UK employers hire staff at slowest pace since April 2017: REC

[I]  Japan real wages rise most in five months, positive sign for consumption

[I]  Trump renews dig at Fed, expresses longing for lower interest rates

[I]  World Bank sees global growth slowing in 2019

[I]  Prospect of U.S. profit drop rises for investors

 

BLOOMBERG 

[I]  Trump Declares Border ‘Crisis’ Without New Plan to End Impasse

[I]  For Japan, the Fear Is Real That Theresa May’s Brexit Gets Shot Down

[I]  White House to Roll Out Bill to Expand Trump’s Tariff Powers, Sources Say

[I]  Recession Fears Premature to Bob Doll, Who Sees Stocks Rising

[I]  China Investors Are Piling Into Brokerages

[I]  Yen May Hit 100 Against U.S. Dollar, Ex-BOJ Official Says

[I]  VCs Plowed a Record $9.3 Billion Into AI Startups Last Year

[I]  Yen in Demand, U.S.-China Talks Extend, Liang Withdraws: Eco Day

[I]  How's China's Opening to the Financial Sector Going?

 

WALL STREET JOURNAL

[I]  U.S., China Narrow Differences on Trade

[I]  Kim’s Beijing Visit Shows China’s Leverage

[I]  U.S. Job Openings Fell in November

[I]  Small-Business Confidence in U.S. Economy Weakens

[I]  U.S. Carbon Emissions Rose 3.4% in 2018 as Economy Surged

[I]  Tax Refunds Will Be Paid During Shutdown, White House Says

[I]  Germany Shows Symptoms of Deeper Economic Pain

[I]  How Estimates of the Gig Economy Went Wrong

 

BUSINESS LINE

[I]  More than 20% of South India’s population may turn grey by 2050, says SBI report

[I]  We’re India’s most reliable energy provider: Iranian Foreign Minister

[I]  Luxury car makers drive growth in a tough year

[I]  Don’t pay contractors who do not adhere to labour welfare norms: CAG tells Rlys

[I]  In new e-comm FDI policy omni-channel retailers see $40-b opportunity by 2021

[I]  Education loans: Low pay package, high interest key reasons for rise in NPAs

 

ECONOMIC TIMES

[I]  Indian gold imports collapsed in 2018 as prices bite

[I]  Electoral battle may prompt India Inc to rush bond sales

[I]  Auditors not to put value to companies they are auditing

[I]  CAG favours policy framework for off-budget financing

[I]  Centre, states, industry to discuss ways to boost export on Jan 10

[I]  View: Future prospects for the Indian economy don't seem promising

[I]  Interim Budget 2019: Here is what people want

[I]  RBI issues guidelines for tokenisation of card transactions

[I]  Not considering any proposal to give more powers to RBI, says govt

 

BUSINESS STANDARD

[I]  Asian firms bet on India to set up R&D units to boost tech innovations

[I]  Give details of insolvency law committee, Supreme Court tells Centre

[I]  Despite offers, luxury car sales hit slow lane in 2018, rise a mere 4.9%

[I]  U-shaped recovery in collecting evaded indirect taxes: Finance Ministry

[I]  India may get easier terms for Iran gas field as discussions continue

[I]  Volatile exchange rate slows dollar bond issuance by Indian companies

[I]  Gold imports dip 14.5% to 759 tonnes in 2018 on tepid demand, rule changes

[I]  With prices on rise, agricultural commodities may push food inflation

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10920;  USDINR DGCX: 70.2700;  DJIA Mini: 23867;  FTSE 100 Fut: 6876;  NIKKEI 225 Fut: 20456;  EUR-USD: 1.1458; Crude Oil (WTI): 50.48;  Gold (Spot): 1283

 

Best Regards, ARBIND

09 Jan 2019