MACRO ECONOMIC NEWS

SELF-FOREGETFULNESS IS A DELIGHTFUL WAY TO LIVE. WISHING A PLEASING DAY AHEAD.

Macro Economic News 22 Jan 2019

 

According to IMF, India will be top growing economy for two years. According to new quarterly forecasts from the IMF, the global economy is starting the year on weaker footing, particularly by poor performance out of Europe. China’s economic expansion languished to its slowest pace in nearly three decades last year, as a bruising trade fight with the U.S. exacerbated weakness in the world’s second-largest economy. Trump, key European leaders’ decision to skip Davos amid turmoil at home has changed the script for this week’s annual meeting of the World Economic Forum.

 

FINANCIAL TIMES

[I]  China’s economy grows at slowest annual rate since 1990

[I]  Barnier rebuffs UK move to renegotiate backstop plan

[I]  Funding drought hits China’s private sector

[I]  IMF flags threats from trade war and economic slowdown

[I]  Shutdown risks thwarting Trump’s own policies

[I]  Russia’s trust in Putin drops to 13-year low

[I]  France and Germany reaffirm their treaty vows

 

REUTERS

[I]  Dollar steady, global growth concerns support safe-havens

[I]  South Korean economy gets fiscal spending lift, trade pressure dims outlook

[I]  Japan firms have no plans to strengthen governance after Ghosn arrest: Reuters poll

[I]  Japan firms wary of boosting investment amid intensifying trade war: Reuters poll

[I]  IMF, CEOs sound warnings as leaders gather in Davos

[I]  IMF fears trade war and weak Europe could trigger sharp global slowdown

 

BLOOMBERG 

[I]  China Yet to Bottom, Davos Warning, Trade Talks Debate: Eco Day

[I]  U.K. Struggles to Deliver Services as Brexit Bites, Report Says

[I]  Korea GDP Tops Forecasts as Government Spending Offsets Exports

[I]  Confident Oil Industry Set to Ratchet Up Spending in 2019

[I]  Labour Calls For Vote That Could Spark Second Brexit Referendum

[I]  Brexit Forces Equity, Foreign-Exchange Markets to Leave London

[I]  U.S.-China Trade Talks Falling Short on Make-or-Break IP Issues

[I]  Ireland Rules Out Time-Limited Backstop: Brexit Update

 

WALL STREET JOURNAL

[I]  China Annual Economic Growth Rate Is Slowest Since 1990

[I]  IMF Lowers 2019 Global Growth Forecast

[I]  Shutdown Hits Industries Nationwide

[I]  Trump, Key European Leaders Skip Davos Amid Turmoil at Home

[I]  Overseas Investment Seen Rebounding as U.S. Firms Repatriate Less Profits

[I]  Economy Week Ahead: U.S. Home Sales, Eurozone Manufacturing

[I]  Central Banks Struggle With Policy Settings

 

BUSINESS LINE

[I]  India will be top-growing economy for 2 years: IMF

[I]  Market research for overseas group/parent constitutes ‘export’: AAR

[I]  Centre’s plan for standard size will cut production cost, says cloth-makers’ body

[I]  The many nuances of regulatory autonomy

[I]  Sugar output will drop to 30.7 million tonnes: ISMA

[I]  Heavy snow over hills, rain over plains of North-West India

[I]  What should start-ups go after for better venture returns

 

ECONOMIC TIMES

[I]  12 large state failed on jobs, despite faster growth: Crisil

[I]  Farm loan waivers to have minimal impact on state deficits: India Ratings

[I]  Global trade negotiations: US accuses India and China of eating into poorer nations' relief

[I]  Decoded: The Chinese economic slowdown

[I]  India up one place on global talent competitiveness ranking at 80th: Survey

[I]  India among the most trusted nations globally: Report

[I]  Corporate governance reforms 2.0 at PSBs soon

 

BUSINESS STANDARD

[I]  RBI reluctant to change FPI portfolio limits introduced last year

[I]  Davos 2019: 140 corporate leaders make up for govt's absence at WEF

[I]  India 'buoyant territory' for investments though global outlook dim: Survey

[I]  India pips Japan to be second largest global steel producer

[I]  Explained: GST Council's decisions and their impact on small business

[I]  New Sebi norms limit risk in passive funds, but higher costs anticipated

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10955;  USDINR DGCX: --;  DJIA Mini: 24559;  FTSE 100 Fut: 6901;  NIKKEI 225 Fut: 20708;  EUR-USD: 1.1370; Crude Oil (WTI): 53.73;  Gold (Spot): 1279

 

Best Regards, ARBIND

22 Jan 2019