MACRO ECONOMIC NEWS

EVERY PERSON CARRIES SEEDS OF ENLIGHTENMENT. WISHING A FRESH LIGHT OF THE DAY AHEAD.

Macro Economic News 27 Feb 2019

Fed is in no rush to move rates while officials assess the impact on the economy of slower global growth and financial-market turbulence. Americans with disabilities are working in greater numbers and their unemployment rate has fallen dramatically, but they remain disproportionately employed by governments and in low-wage occupations. Home prices in 2018 grew at their slowest pace in four years, while construction slumped, signaling that the housing market started this year on shaky footing. U.S. housing starts tumbled in December, capping a weak year for construction of new single-family homes due to factors such as rising construction material and labor costs.

 

FINANCIAL TIMES

[I]  May bows to MPs’ quit threats and signals Brexit delay

[I]  Powell flags concerns about overseas growth

[I]  Women take more CEO roles at asset managers

[I]  A second Brexit referendum is now essential

[I]  Europe is starting to turn French

[I]  Gig economy deals promise brighter future for unions

[I]  A China-US trade deal is likely to be only a truce

[I]  Inflexible pensions system diverts corporate profits

 

REUTERS

[I]  BOJ's Kataoka calls for more stimulus to hit price goal early

[I]  Asia shares tick up, dollar near three-week low after Powell comments

[I]  U.S. House passes bill rejecting Trump's border wall emergency

[I]  Oil rises on OPEC-led supply cuts, report of falling U.S. crude inventories

[I]  India's growth momentum likely slowed in late 2018: Reuters poll

[I]  UK employers' confidence in economy slides before Brexit: REC

[I]  India's April-January fiscal deficit at 121.5 percent of full-year target

 

BLOOMBERG 

[I]  Up $1.4 Trillion, China’s Stock Rally Is Nearing a Big Hurdle

[I]  For New York Homebuyers Looking for Luxury Deals, ‘Now Is the Time’

[I]  Home Starts Weaken as Dollar Fails to Hold Value Versus Real Estate

[I]  Earliest Gauges Show China's Economy Seeing First Signs of Pickup

[I]  Shell-Shocked Stock Investors See No Reason to Trust Asia Rally

[I]  BOJ May Resort to More QE If Yen Jumps, Ex-Board Member Says

[I]  Indian Debt Rally May Arrive in the Second Half, Market Veteran Says

[I]  Cryptocurrency Assets Get Arab World’s First Regulatory Nod

[I]  Family Office Sees Value in Downtrodden Indian Shadow Lenders

[I]  Oil Companies Find Way to Cash in by Not Pumping in Canada

 

WALL STREET JOURNAL

[I]  Powell Affirms Patient Approach to Interest-Rate Changes

[I]  Americans With Disabilities Finding More Jobs, but in Familiar Fields

[I]  Trump Pick to Oversee Fannie, Freddie Advances in Senate

[I]  U.S. Consumer Confidence Rose in February

[I]  Slowing Home Price Growth and Construction Hit Housing Market

[I]  Yellen Says Trump Doesn’t Understand Economic Policy

[I]  U.S. Housing Starts End 2018 on Soft Note

 

BUSINESS LINE

[I]  RBI takes 3 more banks out of the PCA framework

[I]  Fiscal deficit at 121.5% of full-year target in January

[I]  Govt must address group insolvency, runaway bidders issues: Industry

[I]  Next level of consumer growth will happen through e-commerce: Deloitte report

[I]  National Electronic Policy 2019 to boost manufacturing, drive exports

[I]  Govt eases import norms for prototype devices

[I]  Global, national AAA ratings are not comparable: Crisil

 

ECONOMIC TIMES

[I]  AAA-rated cos in India among the lowest in emerging markets: Crisil

[I]  Debt is roaring back in China

[I]  Bihar’s opposition alliance looks for suitable seat-sharing formula

[I]  Philanthropy in India focuses on one's roots, progresses to the community, and usually remains low-key

[I]  Niti Aayog working on policy to end crop residue burning

[I]  Moscow offers to share smart city solutions with Indian cities

 

BUSINESS STANDARD

[I]  Domestic consumer market may touch Rs 335 trillion in next 10 years: Report

[I]  We have committed mistakes, says Future Group CEO Kishore Biyani

[I]  RBI's proposed guidelines may trim future earnings of private bank CEOs

[I]  India defers higher duties on 29 key imports from US for 6th time

[I]  After household electrification, Centre to focus on power for agriculture

[I]  We will soon ensure clean banking: Financial Services Secretary Rajiv Kumar

[I]  Demand for higher steel grades to fuel imports in 2019: CARE Ratings

[I]  RBI's steps to directly benefit customers and make digital payments safer

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10861;  USDINR DGCX: 71.1950;  DJIA Mini: 26028;  FTSE 100 Fut: 7116;  NIKKEI 225 Fut: 21553;  EUR-USD: 1.1381; Crude Oil (WTI): 56.02;  Gold (Spot): 1329

 

Best Regards, ARBIND
27 Feb 2019