MACRO ECONOMIC NEWS

A HUG IS THE ANSWER, EVEN WHEN THE QUESTION IS UNKNOWN. WISHING A PAMPERED DAY AHEAD.

Macro Economic News 12 Feb 2019

U.S. a tentative deal on border security funding that would avert another partial government. Fourth-quarter results from U.S. companies indicate that slowing growth in China is modest, but broad. Retailers and other companies catering to Chinese consumers face signs of weakness among the country’s growing middle class. Analysts fear a brutal quarter ahead. The U.K. economy experienced its weakest growth since 2012 last year as businesses slashed investment in the face of growing uncertainty about the way in which the country will leave the European Union.

FINANCIAL TIMES

[I]   Foreigners buy record $9bn in China stocks in January 

[I]   IMF backs Fed rate pause citing rising global risks 

[I]   US moves to pull central Europe from China-Russia orbit 

[I]   Varley faced walking ‘the plank’ if Qatar rescue failed 

[I]   China’s lunar new year spending growth slowest since 2005 

[I]   The end of coal in Germany is nearer than you think 

REUTERS

[I]   China's consumption growth likely to slow further in 2019: commerce ministry

[I]   U.S. lawmakers reach tentative deal to avoid government shutdown

[I]   Debt guarantee tangle: China's private firms hit by default contagion

[I]   China will abolish permits for opening bank accounts by companies by end-2019

[I]   New Zealand 2-year inflation expectations ease to 2.02 percent in first quarter

[I]   Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela

[I]  India's tech rules are taking on a Chinese quality

[I]   Pakistan 'very close' to securing IMF bailout: minister

BLOOMBERG 

[I]   Tentative Deal on Border Security Reached in Bid to Avoid Shutdown

[I]   Kyle Bass Says Mild U.S. Recession Most Likely in Middle of 2020

[I]   Investors Hedge a Stock Doomsday With Record Fixed-Income Inflows

[I]   The World Economy Gets an Inflation Checkup This Week

[I]   Weird Market Moves Mean No One Knows If It's Goldilocks Or Bust

[I]   The Incredible Shrinking Singapore Stock Market

[I]  Australia's Two-Year Hiring Spree Could Be Coming to an End

WALL STREET JOURNAL

[I]   How Bad Is the China Slowdown? U.S. Companies Offer Some Answers

[I]   Europe’s Biggest Job Opening in Years: President of the ECB

[I]   U.K. Posts Slowest Growth in Six Years Amid Brexit Worries

[I]   N.Y. Fed Consumer Survey Finds More Negativity in January Outlook

[I]   Cost of Economic Incentives in New York Placed at $9.9 Billion

[I]   Fed Official Calls for Overhaul in Assessment of Financial-Sector Threats

[I]   U.S. Economy Week Ahead: Inflation, Delayed Retail Sales

BUSINESS LINE

[I]   Wage rise not so fruitful for farm workers

[I]   Pre-placement offers quite a rage in business schools

[I]   Venezuela open to barter system to boost trade ties

[I]   India ‘closely watching’ for changes in H-1B visa process

[I]   I-T Dept plans e-allocation, e-verification and video-conferencing for return scrutiny

[I]   Centre approves just 19% drought relief funds for States

[I]   The skewed structure of India’s bond market

ECONOMIC TIMES

[I]   US recession looms in 2019, economist warns

[I]   Soon, special drive to double Kisan Credit Cards to 14 crore

[I]   View: Overestimating revenue flows pushing India's budget gap wider

[I]   Government's new schemes to focus on promoting exports of electronics: IT Secretary

[I]   India-UK trade not to be affected by Brexit: Crispin Simon

[I]   Honest companies won't face action: Piyush Goyal

[I]   View: Grey areas in the ‘new’ FDI policy changes in ecommerce need clarification

[I]   Government not looking at any other proposal for PSB merger

BUSINESS STANDARD

[I]   Angel tax row: Genuine start-ups can breathe easy, says FM Piyush Goyal

[I]   US FDA cracks down on India's shrimp shipments over banned antibiotics

[I]   Govt to begin a special audit of telcos in March; DoT selects 7 auditors

[I]   Start-up tax woes:I-T dept can withdraw from bank accounts, say experts

[I]   RBI's Feb 12 circular: Infrastructure, power companies were hit hardest

[I]   India's farm exports down 46% by volume, over 50% by value in Apr-Dec 2018

[I]   EPFO to retain interest rate at 8.55% for FY19 in Feb 21 meeting: Reports

[I]   Inter-scheme transfers likely to cross Rs 2-trillion mark in FY19

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 10915;  USDINR DGCX: 71.3925;  DJIA Mini: 25155;  FTSE 100 Fut: 7081;  NIKKEI 225 Fut: 20745;  EUR-USD: 1.1282; Crude Oil (WTI): 52.82;  Gold (Spot): 1309

Best Regards, ARBIND

12 Feb 2019