MACRO ECONOMIC NEWS

SAY TO YOURSELF YOU ARE THERE ON PURPOSE IN HARMONY WITH CREATIVE FORCE OF THE UNIVERSE. WISHING AN ACCOMPLISHING DAY AHEAD.

Macro Economic News 16 Jan 2019

 

India's trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, on a fall in gold imports but exports remained flat. The impasse is holding up scores of real-estate investors and developers who have been raising hundreds of millions of dollars to take advantage of what could be one of the most attractive tax breaks in years. The producer-price index, a measure of the prices businesses receive for their goods and services, decreased in December from a month earlier. The economic outlook for Europe and the world darkened after growth in Germany slowed sharply last year, hit by weaker exports to China and softer demand at home. The U.S. and many other large economies are set for a further slowdown this year, although there are signs of stabilization in China, according to leading indicators released by the OECD.

 

FINANCIAL TIMES

[I]  Theresa May vows to fight on for Brexit deal

[I]  Political clouds gather over German export machine

[I]  US development finance head in World Bank presidency mix

[I]  May’s cabinet fights over her Brexit plan

[I]  ECB lays out bad loan deadlines for eurozone banks

[I]  US companies fear fallout from government shutdown

[I]  Japan’s workforce to shrink by 13m in next 20 years

 

REUTERS

[I]  India's trade deficit narrows, but flat exports a concern

[I]  Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide support

[I]  Japan's November machinery orders stall in worrying sign over business spending

[I]  U.S. oil prices edge down amid uncertain global economic outlook

[I]  USTR promises exclusion process for higher tariffs if China talks fail

[I]  Shutdown bites economy, U.S. Coast Guard, as talks to end impasse stall

[I]  EU leaders express dismay after May's Brexit defeat

[I]  Euro zone economy weaker than expected: Draghi

[I]  German economy posts weakest growth in five years

[I]  China signals more stimulus as slowdown deepens

[I]  ECB guidelines on bad debts hit Italy banks, irk Rome

 

BLOOMBERG 

[I]  Cracks Start to Show for U.A.E. Banks as Bad Loans Set to Rise

[I]  Brexit Pushes Britain to Brink as Government Fights for Survival

[I]  Germany Looks to Homegrown Support to Navigate Turbulent Times

[I]  U.K. Finance Chief Seeks to Keep Business Fury From Boiling Over

[I]  Foreigners Return to Indonesian Stocks as Rupiah Advances

[I]  Here Are Five Volatility Charts Keeping Wall Street Up at Night

[I]  Equities Around the World Are Approaching Critical Inflection Points

[I]  Junk Bond Forecasts Are Quickly Going From Good to Great

[I]  Germany Looks to Homegrown Support to Navigate Turbulent Times

 

WALL STREET JOURNAL

[I]  Government Shutdown Stymies Opportunity-Zone Investors

[I]  Business Inflation Moderates in December

[I]  More Than Half of IRS Employees to Work During Tax-Filing Season

[I]  Germany’s Sharp Slowdown Fans Fears That China Woes Are Spreading

[I]  OECD Sees Further Slowdown in Global Economy This Year

[I]  China’s Exports Take a Surprising Fall in December

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

 

BUSINESS LINE

[I]  WPI inflation at 8-month low

[I]  Retail inflation drops to 18-month low of 2.19% in Dec

[I]  Goals set under Saubhagya scheme have not been missed: Centre

[I]  British PM mounts last-ditch bid to win Brexit-deal backing

[I]  2018 a record year for PE/VC investments, exits and fund-raising: EY

[I]  Centre of Excellence for FinTech coming up in Chennai soon

 

ECONOMIC TIMES

[I]  Rupee slips further, settles below 71 level against dollar

[I]  Global CEOs worried about digital companies, customer loyalty in 2019: Protiviti report

[I]  Government looking at options to mitigate farm distress

[I]  India likely to overshoot fertiliser bill by $4.2 billion, banks may chip in

[I]  Fertiliser Min seeks add'l Rs 23,000 cr to clear Jan-Mar subsidy bill

[I]  India asks WTO members to resolve judges' appointment issue in appellate body

[I]  Government mulling import duty hike on iron ore

[I]  Exports growth slows to 0.34% in Dec, trade gap narrows

 

BUSINESS STANDARD

[I]  Annual survey shows evidence of improving primary education in govt schools

[I]  Supreme Court reserves judgment on plea challenging validity of IBC

[I]  Car exports move into lower gear as more nations move towards protectionism

[I]  10% quota for general category poor from upcoming 2019-20 session

[I]  Govt panel wants quarterly job surveys scrapped, cites poor quality

[I]  Loan restructuring for small businesses welcome, but solve this malaise

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10925;  USDINR DGCX: 71.2800;  DJIA Mini: 24021;  FTSE 100 Fut: 6833;  NIKKEI 225 Fut: 20383;  EUR-USD: 1.1402; Crude Oil (WTI): 52.01;  Gold (Spot): 1290

 

Best Regards, ARBIND

16 Jan 2019