MACRO ECONOMIC NEWS

MAY THIS DAY ENABLES US TO UPGRADE THE FAITH TO MATCH THE DESTINY. WISHING AN EXPANDED DAY AHEAD.

Macro Economic News 28 Jan 2019

 

Global economic growth is slowing, but central banks have struggled to build up their policy arsenals since the last crisis to effectively deal with another one. U.S. and Chinese trade negotiators start a new round of talks; one often-overlooked issue is bound to get a lot of U.S. attention: the role of China’s state-owned companies in its economy. The European Central Bank opened the door to new stimulus measures to prop up the region’s economy, as policy makers navigate fractious U.S.-China trade negotiations and disruptive political events such as Brexit.

 

FINANCIAL TIMES

[I]  Italian populist attacks weigh on ties with France

[I]  Republicans call for deal on immigration and border

[I]  Germany plans to phase out coal-fired power stations

[I]  Saudi put on EU blacklist for laundering failures

[I]  Public health experts call for global food treaty

[I]  Nigeria warns against ‘foreign’ political meddling

[I]  Poland aims to break dependence on Russian gas

[I]  Electoral fraud is a global problem

[I]  Corporations must rethink capitalism to heal society’s wounds

 

REUTERS

[I]  Three years later, India's bankruptcy reform languishes in courts

[I]  U.S. lifts sanctions on Rusal, other firms linked to Russia's Deripaska

[I]  China's Dec. industrial profits fall for second straight month; full-year up 10.3 percent

[I]  BOJ minutes show disagreement over level of bond yields

[I]  Oil prices fall on rising U.S. rig count, economic slowdown

[I]  Central banks may face one of their biggest challenges yet

 

BLOOMBERG 

[I]  There Are Three New Ways to Bet on Chinese Commodity Markets

[I]  Europe's Economic Frailties Go on Display After Draghi's Downer

[I]  Parliament to Challenge May for Brexit Power in Crucial Votes

[I]  Australia Joins U.S. in Recognizing Venezuela's New Leadership

[I]  Emerging Bonds on Cusp of Rally Now at Mercy of Fed, Trade Talks

[I]  Fitch Warns Emerging Markets Face More Downgrades This Year

[I]  Hong Kong Stock Rally Looks in Healthy Shape One Year After Peak

[I]  ECB's Knot Says Recession Concerns Somewhat Premature

 

WALL STREET JOURNAL

[I]  America’s Hidden Workforce Returns

[I]  Popular Hedge Fund Bet on Fannie, Freddie Is Paying Off Big This Year

[I]  Trade Talks Spotlight Role of China’s State-Owned Firms

[I]  Global Economy Week Ahead

[I]  Fed Mulls End of Portfolio Drawdown

[I]  ECB Worries Over Economy Mount, But Officials Stand Pat on Rates

[I]  Labor Market Powers On Despite Growth Concerns

 

BUSINESS LINE

[I]  SC to Centre: Set up NCLAT circuit Benches in 6 months

[I]  How to boost women’s workforce participation

[I]  Bankers ready for the next challenge

[I]  India is an economic powerhouse in the making

 

ECONOMIC TIMES

[I]  Cabinet likely to approve agri-package for farmers on Monday

[I]  Budget may provide Rs 4000-cr capital infusion for PSU general insurers

[I]  Anti-dumping duty imposed on Chinese chemical import

[I]  New data may show big cut in number of poor

[I]  PSUs to implement 10 per cent quota for EWS from February

[I]  Three years later, India's bankruptcy reform languishes in courts

[I]  Interim health budget likely to rise by 5%; 5,000 centres to come up

 

BUSINESS STANDARD

[I]  Govt considering NITI Aayog's area-based package for distressed farmers

[I]  Regional languages will play big on OTT platform in India, says expert

[I]  Quasi-universal basic rural income: The way forward

[I]  Trust in institutions rises worldwide but not in govt and media: Report

[I]  Under-reporting policy claims may be behind rising health inflation

[I]  India Inc's profit share in the country's GDP at 15-year low in 2018

[I]  From inventory losses to higher interest costs, analysts cautious on OMCs

[I]  Trade war to get more complex? WTO may investigate Trump's tariffs on China

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10813;  USDINR DGCX: 70.9925;  DJIA Mini: 24645;  FTSE 100 Fut: 6731;  NIKKEI 225 Fut: 20707;  EUR-USD: 1.1413; Crude Oil (WTI): 53.40;  Gold (Spot): 1303

 

Best Regards, ARBIND

28 Jan 2019