MACRO ECONOMIC NEWS

THE LORD HIMSELF GOES BEFORE YOU AND STAYS WITH YOU. WISHING A GRATIFYING DAY AHEAD.

Macro Economic News 23 Jan 2019

 

India is likely to seek to raise about 800 billion rupees ($11.21 billion) through the sale of state-owned assets in the next fiscal year, beginning April 1. Home sales in the US fell sharply in December to their weakest level in more than three years, a difficult end to a weak year for the housing market and fresh evidence of a bumpy ride to come in 2019. 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.

 

FINANCIAL TIMES

[I]  US rejects China offer of preparatory trade talks

[I]  Brussels and Dublin at odds over N Ireland hard border

[I]  Italy’s Five Star seeks to rekindle radical vigour

[I]  Tankers on fire in Crimea linked to Russia sanctions breach

[I]  China’s chipmaking still ‘years behind’ industry leaders

[I]  Infrastructure investors put ‘blanket ban’ on UK

[I]  The rise of the populist authoritarians

 

REUTERS

[I]  India likely to target about 800 billion rupees from state asset sales

[I]  Indian police arrest Rohingya Muslim group stuck on Bangladesh border

[I]  Brazil seeks to privatize key stretches of Amazon highways

[I]  Gold steady on global growth, Sino-U.S. trade worries

[I]  Japan exports post worst fall in two years as trade war bites

[I]  Yen firms on global growth and trade concerns

[I]  U.S. rejects offer from China for preparatory trade talks - FT

[I]  BOJ to retain ultra-low rates, global slowdown raises fresh policy challenge

 

BLOOMBERG 

[I]  Hong Kong's Billion-Dollar Plunges Highlight Share Pledge Danger

[I]  Davos Doesn’t Think There’s Going to Be a Global Recession

[I]  Trump Tariffs and Nafta Re-Do Prompt Increase in Trade Lobbying

[I]  Record House Prices, Jobs Growth Not Enough to Keep Dutch Happy

[I]  U.K. Parliament Moves Closer to Stopping a No-Deal Brexit

[I]  BofA Says Don't Believe the Hype on a Housing Collapse

[I]  Bunge's Latest Profit Warning Shows the Toll of the U.S.-China Trade War

 

WALL STREET JOURNAL

[I]  Home Sales Sank 6.4% in December

[I]  Companies Try to Skirt Shutdown’s IPO Limbo

[I]  How the Shutdown Is Hitting Business

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

[I]  Central Banks Struggle With Policy Settings

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

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

 

BUSINESS LINE

[I]  NITI Aayog panel, not NPPA, to monitor drug price control

[I]  Move to allow NITI Aayog to steer drug-price control raises hackles

[I]  ‘Govt tendering, procurement systems not start-up friendly’

[I]  PM using govt events to tarnish Opposition: Cong

[I]  China GDP data drag metal stocks

[I]  The missing women in workforce data

[I]  Kerala Minister pushes for ultra-high density cashew planting

 

ECONOMIC TIMES

[I]  RBI announces Rs 10,000 crore OMO on Thursday

[I]  20% hike in food subsidy in election year budget?

[I]  Direct investment support for farmers: Promising, but not easy

[I]  India kicks off duty cut talks with China

[I]  China slaps anti-dumping duties on chemical from India, Japan

[I]  Create financing ecosystem, build on bankable projects to revive infrastructure sector

[I]  Government to approve power tariff policy soon: R K Singh

[I]  Jobs, tolerance, protection of institutions key issues: Raghuram Rajan

 

BUSINESS STANDARD

[I]  Staring at revenue shortfall, I-T dept sends tax notices to mutual funds

[I]  The 'blue flame' revolution

[I]  Banking tech institute proposes blueprint for blockchain platform in India

[I]  The importance of central bank communication

[I]  Davos 2019 is all about 'Globalization 4.0.' So what is that?

[I]  China cuts down army troops by about 50%; increases size of navy, air force

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10940;  USDINR DGCX: 71.2650;  DJIA Mini: 24465;  FTSE 100 Fut: 6830;  NIKKEI 225 Fut: 20631;  EUR-USD: 1.1367; Crude Oil (WTI): 52.57;  Gold (Spot): 1285

 

Best Regards, ARBIND

23 Jan 2019