MACRO ECONOMIC NEWS

SERENITY INSIDE BRINGS SERENITY OUTSIDE. WISHING A SOOTHING MONDAY.

Macro Economic News 21 Jan 2019

 

India is likely to surpass UK in the world's largest economy rankings. The eurozone’s economic slowdown has taken European Central Bank officials by surprise, potentially disrupting their plans to lift short-term interest rates this year. Jobs that tap both technical and creative thinking will be likely to pay well and resist automation. 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. 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.

 

FINANCIAL TIMES

[I]  Pawnshops and payday lenders surge on US shutdown

[I]  Precious stones add sparkle to HK’s exports to China

[I]  Theresa May on Brexit collision course with MPs

[I]  RBI governor under pressure over payout plan

[I]  Domestic crises force world leaders to skip Davos

[I]  EU seeks to keep Iran nuclear deal alive

[I]  Investors criticise German executive pay reforms

[I]  Student loans linked to enormous tuition fees

 

REUTERS

[I]  Trump says no amnesty for 'Dreamers,' signals support in broader deal

[I]  Do not hijack Brexit, minister warns Britain's parliament 

[I]  Dollar steady near two-week high on recovery in risk appetite

[I]  Asia holds breath for China data, Brexit news

[I]  Australian economy to be slowed, not sunk, by headwinds: Reuters poll

[I]  Gap between rich and poor growing, fuelling global anger: Oxfam

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

 

BLOOMBERG 

[I]  Year of Reckoning Follows Men (and One Specific Woman) to Davos

[I]  Asking Prices for London Homes Slump to Lowest Since 2015

[I]  Employees Use Workplace as Source of Trust

[I]  Global Economy Wobbles, Fed Pause Talk, Currency Crunch: Eco Day

[I]  Gears of WTO Could Soon Halt Amid U.S. Concerns, Canada Warns

[I]  Buyer Beware: Hong Kong's $4.8 Billion Stock Wipeout Shows Risk

[I]  World-Beating Baht Adds to Challenges for Thai Economy in 2019

[I]  China’s Bankers Face Smaller Bonuses, Fewer Job Opportunities

[I]  Currency Ghosts Fade as Emerging-Market Central Banks Stand Pat

 

WALL STREET JOURNAL

[I]  Central Banks Struggle With Policy Settings

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

[I]  The ‘Hybrid’ Skills That Tomorrow’s Jobs Will Require

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

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

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

[I]  Fed’s Brainard Says Prolonged Political Uncertainty Could Weigh on Economic Activity

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

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

 

BUSINESS LINE

[I]  MSMEs rule the roost at Vibrant Gujarat Summit

[I]  TN woos investors with fintech centre plan, start-up policy

[I]  Brokers to seek changes to new F&O margin regime

[I]  Shipping, insurance, document exchange pose challenges for India-Iran trade

[I]  Rs. 10-lakh-plus car will not cost more as of now

 

ECONOMIC TIMES

[I]  Indian Railways is now hiring fewer people

[I]  No more US, UK fittings. Size India coming

[I]  Indian economy now world's fastest-growing: PM

[I]  FPI outflow crosses Rs 4,000 crore in January so far

[I]  The trashing of quant funds may not be temporary

[I]  India signs customs treaty with Holland to push business with Europe

[I]  India likely to surpass UK in the world's largest economy rankings: PwC

[I]  Budget 2019: Government may hike agri credit target to Rs 12 lakh crore

[I]  Thousands of taxpayers get notices for minor defaults

 

BUSINESS STANDARD

[I]  Global private equity funds bullish as six airports up for sale

[I]  Tepid start to Q3 earnings as India Inc reports net profit growth at 10.1%

[I]  Middle class cheer in interim budget likely; I-T exemption limit may go up

[I]  Slowing automobile sales make component makers in India more cautious

[I]  RBI governor's concerns on growth may not lead to rate cuts in February

[I]  Tamil Nadu to set up Rs 250 crore-fund to help form 5,000 startups

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10955;  USDINR DGCX: --;  DJIA Mini: 24598;  FTSE 100 Fut: 6908;  NIKKEI 225 Fut: 20712;  EUR-USD: 1.1373; Crude Oil (WTI): 53.53;  Gold (Spot): 1283

 

Best Regards, ARBIND

21 Jan 2019