MACRO ECONOMIC NEWS

TRUST THIS DAY WILL MAKE US SMILE AND KEEP US STRONG. WISHING A BRIGHT DAY AHEAD.

Macro Economic News 25 Jan 2019

 

A year ago the world looked like it would finally return to the boom times it enjoyed before the global financial crisis. Now, the boom may be over before it even started. The Conference Board Leading Economic Index, a measure of U.S. business trends, fell 0.1% last month. The Trump administration’s top economist said that the U.S. economy may not grow at all in the first quarter if the partial government shutdown continues. Democratic presidential candidate Elizabeth Warren is proposing an annual wealth tax, attempting to combat inequality and raise trillions of dollars with a significant new levy on the very richest Americans. The race to select the next president of the World Bank could be shaped by a strong international desire for the institution to have its first female president.

 

FINANCIAL TIMES

[I]  ECB warns eurozone at risk of further slowdown

[I]  EU leaders clash on migration, tax and deficits

[I]  Privacy concerns collide with public interest in data

[I]  Risks of second Brexit referendum must now be run

[I]  Venezuelan crisis calls for concerted diplomacy

[I]  In a capitalist world, truth trumps gratitude

 

REUTERS

[I]  RBI making u-turn, seen shifting to neutral in February, cutting rates by mid-year: Reuters poll 

[I]  China's 2018 soybean imports from U.S. hit lowest since 2008

[I]  U.S., China 'miles and miles' from trade deal: Ross

[I]  Tokyo inflation picks up but BOJ's price target remains distant

[I]  Irish central bank warns of big hit to GDP growth if no-deal Brexit

[I]  Britain and Switzerland agree post-Brexit deal for insurers

[I]  Watchdog questions UK's oil decommissioning tax relief estimate

[I]  U.S. seeks to cut off money for Venezuela's Maduro, aid opposition

[I]  Global economy in real danger if U.S.-China trade war escalates - Reuters poll

 

BLOOMBERG 

[I]  Singapore Proposes Tighter Regulations for Ride-Hailing Firms

[I]  Trump Eyes Action to Limit States' Powers to Block Pipelines

[I]  Global Economy Endures a Case of the Mondays, All Week Long

[I]  U.K. Launches Inquiry to Find Advantages for Banks in Brexit

[I]  U.S. Patent Operations May Shut Down in Second Week of February

[I]  Singapore Is Seeing an Unprecedented Mortgage Slowdown

[I]  Mario Draghi Is Watching His ECB Rate Hike Slip Over the Horizon

[I]  There's a New Rival to Libor, Built by Those Who Oversee Libor

[I]  Global Economy Endures a Case of the Mondays, All Week Long

[I]  Government Shutdown Throws Rural Housing Markets Into Disarray

 

WALL STREET JOURNAL

[I]  Democrat Elizabeth Warren Proposes Wealth Tax on Rich Households

[I]  Labor Market Powers On Despite Growth Concerns

[I]  House Democrats Planning Hearings With Biggest U.S. Banks

[I]  U.S. Contemplates Appointing First Female President of World Bank

[I]  ECB Worries Over Economy Mount, But Officials Stand Pat on Rates

[I]  U.S. Leading Economic Indicators Fell in December

[I]  The Global Boom, Barely Begun, May Be Over

[I]  White House Economist Says Economy May Not Grow in First Quarter

 

BUSINESS LINE

[I]  Transport, power and renewable energy topped dealmaking in 2018

[I]  Domestic crude output down 4.3% in December

[I]  Pulse prices are rising, but only a little

[I]  Strong core performance, change in leadership comfort investors

[I]  RBI to strengthen PCR ‘for a 360-degree view of borrowers’

 

ECONOMIC TIMES

[I]  RBI may've to borrow from govt if crisis hits

[I]  Budget: If you invest in a biz, it shouldn't make difference to you

[I]  India Inc raising more dollar funds

[I]  Rubber planters stretched to breaking point on policy delay

[I]  In a first, India enters $100 billion M&A club in 2018: Report

[I]  India's exports up 25 % to China during June-Nov 2018: FIEO

[I]  Government races to meet rural housing target

 

BUSINESS STANDARD

[I]  Private lenders may have to cede profitability to strengthen deposit base

[I]  Davos 2019: Coping with the dark side of a champagne and chalet life

[I]  India beats pricing blues to record its best growth in shrimp exports

[I]  Wheat production likely to cross all-time high of 100 MT in 2018-19

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 10950;  USDINR DGCX: 71.0000;  DJIA Mini: 24605;  FTSE 100 Fut: 6781;  NIKKEI 225 Fut: 20824;  EUR-USD: 1.1321; Crude Oil (WTI): 53.87;  Gold (Spot): 1282

 

Best Regards, ARBIND

25 Jan 2019