MACRO ECONOMIC NEWS

MAY THIS DAY INCULCATE PATIENCE AS EVERYTHING IS COMING TOGETHER TO BLESS FOR WHATEVER BEING AWAITED FOR. WISHING A CONTENTED DAY AHEAD.

Macro Economic News 30 Jan 2019

 

Consumer confidence dropped in January for the third straight month, likely hit by political discord in Washington, in addition to market and economic uncertainty weighing on U.S. households. Home-price growth continued to ease in November, bolstering economists’ predictions that price growth could slow to be more in line with increases in incomes and inflation this year. As the U.S. and China resume high-level trade talks, President Trump sees himself with the upper hand given China’s lagging economic growth, but he and his administration face pressure to cut a deal.

 

FINANCIAL TIMES

[I]  UK parliament backs May plan to renegotiate Brexit deal

[I]  Norwegian announces rights issue amid finance worries

[I]  North Korea ‘unlikely’ to abandon nuclear weapons

[I]  OECD pushes global corporate tax overhaul

[I]  German army struggles to attract much-needed recruits

[I]  Trump sat down with Putin at G20 without US note-taker

[I]  China ‘rebalances’ overseas lending on debt concerns

[I]  Big Tech needs to act on concerns over ‘surveillance capitalism’

 

REUTERS

[I]  Oil dips as gloomy economic outlook outweighs Venezuela supply concerns

[I]  Japan's 10-day holiday stirs concern in traders and investors

[I]  U.S., China face deep trade, IP differences in high-level talks

[I]  Japan December retail sales up but risks to consumption, economy grow

[I]  UK parliament votes for Brexit amendment on replacing Irish backstop

[I]  Another shutdown spells deeper pain for U.S. economy: Moody's

[I]  Japan Dec retail sales up but risks to consumption, economy grow

[I]  Gold back on upward path as global growth slows: Reuters poll

 

BLOOMBERG 

[I]  U.S. and China Are Talking Some More, But Deal Prospects Are Still Slim

[I]  Gundlach Sees Recession Sign in U.S. Consumer Confidence Spread

[I]  Fed's Big Balance Sheet Wind-Down May Be Halfway Complete

[I]  China's Economic Woes Have Further to Spread Across Asia

[I]  Graham Pushes Trump to Add Debt Limit Increase to Border Security Talks

[I]  Venezuela Has 20 Tons of Gold Ready to Ship. Destination Unknown

[I]  U.K. Fund Managers Face New Guidelines Demanding Transparency

[I]  Brexit Will Probably Split BOE Policy Makers on How to Respond

 

WALL STREET JOURNAL

[I]  Plain-Spoken Fed Chairman Sometimes Leaves Markets Confused

[I]  U.S. Consumer Confidence Declines

[I]  As China Trade Talks Begin, Trump Faces Pressure to Make a Deal

[I]  Mnuchin Open to Pairing Debt Ceiling With Spending Package

[I]  Trump Won’t Act Alone to Move Fannie, Freddie Out of Government Control

[I]  Home-Price Growth Continues to Slow

[I]  CBO: Shutdown Will Cost Government $3 Billion of Projected 2019 GDP

[I]  Economic Data Faces Further Delay After Shutdown

[I]  A $4 Trillion Scapegoat for Volatility: the Fed’s Shrinking Portfolio

 

BUSINESS LINE

[I]  Soon, policyholders can opt to get health claims in instalments

[I]  PCA norms: FinMin wants RBI to tweak the ‘returns’ metric

[I]  Gems and jewellery exporters want import duties reduced

[I]  India’s infra financing cost likely to increase: AIIB

[I]  Budget allocation for women and child development may see 20% hike

[I]  Our GDP obsession

[I]  The clean challenge is all about getting the consumer metrics right

 

ECONOMIC TIMES

[I]  Centre buys 52.83 lakh tonnes of pulses, oilseeds under PSS so far

[I]  Income support scheme to cost Rs 1.5 trillion a year

[I]  Game of finance: Laws have moved, what about actors?

[I]  Much pressure on RBI to part with reserves ahead of elections

[I]  Budget 2019: Tax sops and great expectations

 

BUSINESS STANDARD

[I]  We are not anti-bundling, but want to give consumers choice: Trai chairman

[I]  38 more cities to get diesel at doorstep as 3 OMCs plan to extend service

[I]  With focus on volume growth, FMCGs to put price hike in cold storage

[I]  Income support better option than loan waivers, says India Ratings

[I]  Govt likely to water down conditions for prosecution under CSR rules

[I]  Promoters of BSE 500 firms raise number of pledged shares by 23% in 2018

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 10703;  USDINR DGCX: 71.5700;  DJIA Mini: 24612;  FTSE 100 Fut: 6808;  NIKKEI 225 Fut: 20579;  EUR-USD: 1.1437; Crude Oil (WTI): 53.47;  Gold (Spot): 1313

 

Best Regards, ARBIND

30 Jan 2019