MACRO ECONOMIC NEWS

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Macro Economic News 19 Jan 2019

 

The trade deal that U.S. negotiators are seeking with China may have more in common with a sanctions-monitoring regime than a traditional trade pact. An index of U.S. consumer sentiment fell to its lowest level in more than two years in January, amid worries about the government shutdown, trade tensions, volatile markets and a cooling global economy. The Trump administration set final rules for a new deduction that will provide significant savings for many business owners, providing more clarity for real-estate owners and service-industry businesses. The European Union made its opening bid in trade talks with the U.S., outlining a narrow goal of slashing tariffs on industrial goods, including motor vehicles, that sets the bloc on a collision course with Washington’s broader agenda.

 

FINANCIAL TIMES

[I]  NY Fed president warns shutdown is hitting US growth

[I]  Brazil’s gun lovers celebrate relaxation of laws

[I]  Hedge fund outflows were worst in 2 years last quarter

[I]  UK can delay Brexit without holding Europe polls, say lawyers

[I]  IMF urges creditors to agree sharing of bailout burdens

[I]  EU prepared to cut US car tariffs as part of trade pact

[I]  Investors shrug off US banks’ poor results

 

REUTERS

[I]  Exclusive: U.S. demands regular review of China trade reform

[I]  Trump, North Korea's Kim to hold second summit in late February

[I]  How U.S.-China talks differ from any other trade deal 

[I]  'Yellow vest' crisis exposes limits of French welfare system

[I]  Fed policymakers leave little doubt - Rate hikes can wait

[I]  Global Economy: Testing times from Beijing to Wall Street

 

BLOOMBERG 

[I]  Singapore, Malaysia to Meet on Airspace, Maritime Issues Soon

[I]  World Economy Wobbles on Eve of Davos With Politics to Blame

[I]  Oil Gloom Turns to Boom as the Market’s Worst Fears Fade Away

[I]  U.S. Oil-Rig Fleet Shrinks the Most in Almost 3 Years

 

WALL STREET JOURNAL

[I]  Utah Shows How Labor-Force Growth Fuels Economic Growth

[I]  Shutdown, Trade Tensions Weigh on U.S. Households

[I]  Trump Administration Sets Final Rules for New Business Tax Deduction

[I]  Labor Secretary Acosta Says $15 Minimum Wage Would Kill Jobs

[I]  EU’s Focus for U.S. Trade Talks Risks Trans-Atlantic Clash

[I]  U.S. Manufacturers Ramp Up Production Despite Flagging Exports

[I]  The Labor Market Is Strong, Despite Concerns About a Hiccuping Economy

 

BUSINESS LINE

[I]  SEBI lays down mechanism to prevent insider trading

[I]  States must compete with each other on the basis of good governance: NITI Aayog Vice-Chairman

[I]  Group insolvency: UK Sinha-headed panel to suggest a suitable framework

[I]  Developments around Brexit have repercussions for India’s external sector, says RBI Governor

[I]  Rabi sowing down by 5%

 

ECONOMIC TIMES

[I]  Indian gold demand lags on price surge; all eyes on Lunar New Year

[I]  Forex reserve swells by $1.26 billion to $397.35 billion

[I]  New ECB norms limit refinancing options: Fitch

[I]  Foreign buying of emerging Asian bonds fell sharply in 2018

[I]  Veggies face new pests: Low prices, rising input costs

[I]  Government to further ease framework to exorcise angel tax demons

 

BUSINESS STANDARD

[I]  Global bad debt buyers rethink India plans over resolution delays

[I]  Truck rentals decline amid overcapacity, drop in factory output

[I]  Global hotel chains push into mid-market space outside India's metros

[I]  NPA recognition may drag till FY20, bad loans could spike by Rs 5 trn

 

Best Regards, ARBIND

19 Jan 2019