MACRO ECONOMIC NEWS

THE BEST DAY HAS COME. IT’S TODAY, COINCIDENTLY A WEEKEND TOO. WISHING A WONDERFUL WEEKEND.

Macro Economic News 05 Jan 2019

 

FED sought to ease market concerns that the U.S. central bank was ignoring signs of an economic slowdown, saying he was aware of the risks and would be patient and flexible in policy decisions this year. FED also laid the groundwork to take a break from raising short-term interest rates in coming months, propelling stock prices already cheered by a stronger-than-expected December jobs report. Euro zone inflation turned eight months low following ECB cap on stimulus. China central bank cut reserve requirement ratio by 100 bps as economy slows.

 

FINANCIAL TIMES

[I]  Powell stokes market rally with promise of ‘patience’

[I]  Migration is not a state of mind

[I]  China and US officials to hold trade talks

[I]  China to cut bank reserves by $117bn in stimulus measure

[I]  French December slowdown worse than initially thought — PMI

[I]  China puts potatoes at centre of war on rural poverty

[I]  Economy Energy barred from taking on new customers

 

REUTERS

[I]  Trump says China woes help U.S. in trade talks, downplays Apple warning

[I]  Mexico urges regional bloc not to meddle in Venezuela

[I]  UK shops' December sales fall for sixth straight year - BDO survey

[I]  Upbeat employment report underscores U.S. economic strength

[I]  U.S. shutdown talks falter, Trump threatens emergency powers

[I]  Powell tells markets Fed is flexible and aware of risks 

 

BLOOMBERG 

[I]  World's Riskiest Assets Suddenly Seem a Whole Lot More Appealing

[I]  Retired General Warns Against Letting China Dominate 5G Networks

[I]  Trump Credits His ‘Talent’ for Gas Price Drop, Suggests OPEC Monopoly

[I]  Powell’s Tune Changed as Markets Melted Down

[I]  Standout Job Report Shows U.S. Economy Stronger Than Thought

[I]  Gold Rally Is Put on Hold After ‘Monster’ U.S. Payrolls Gain

[I]  Investors Weigh In on Jobs Data: Fed Is in a ‘Tough Position’

 

WALL STREET JOURNAL

[I]  U.S. Employers Added 312,000 in December as Wages Jump

[I]  Despite Jobs Report, Fed Likely Won’t Feel More Urgency to Raise Rates

[I]  How the Job Market of 2018 Stacks Up

[I]  Fed Chairman Powell Sees Flexibility on Rates This Year

[I]  Trump Considers Declaring Emergency to Build Wall

[I]  More First-Time Home Buyers Turn to Bank of Mom and Dad

 

BUSINESS LINE

[I]  Sob story: It’s buy-one-get-one for onions in Maharashtra

[I]  Hit by NPAs and RBI action, PSBs losing ground to private sector peers

[I]  ‘India can be a start-up superpower in five years’

[I]  I&B Ministry looks to impose stricter penalties to combat film piracy

[I]  Judicial reforms are imperative for sustained 8% GDP growth rate

[I]  Gearing up for tough bouts in an uncertain market

 

ECONOMIC TIMES

[I]  No one is allowed to opt out of Aadhaar: Govt

[I]  9% of education loans by PSBs went kaput in FY'18

[I]  US stocks surge on strong US jobs report, trade optimism

[I]  Forex reserve rises by $116.4 million to $393.404 billion

[I]  RBI to meet foreign investors over waning interest in corporate bonds

[I]  Potato acreage rises due to higher farmer's remuneration, cheaper seed

[I]  India’s sugar production up by 6.7% till December 31

[I]  Government mops up Rs 6.12 lakh crore indirect taxes in April-November, target for FY'19 at Rs 11.16 lakh crore

 

BUSINESS STANDARD

[I]  India's handset industry may go past the 300-mn unit mark in 2019

[I]  No liability if PPI customers report fraud within three days, says RBI

[I]  CBDT chief cautions I-T officials about direct tax collection growth rate

[I]  Transmission and distribution firms expect higher orders from new govts

[I]  E-commerce majors may seek extension of Feb 1 deadline for new FDI norms

[I]  Drought hits rabi acreage of pulses, coarse cereals; sowing falls by 3.41%

[I]  India's services PMI dips to 53.2 in December, but firms step up hiring

 

Best Regards, ARBIND

05 Jan 2019