MACRO ECONOMIC NEWS

GOD HAS PROMISED TO BE WITH US UNCONDITIONALLY AND ALWAYS. WISH A PROMISING WEEK AHEAD.

Macro Economic News 11 Feb 2019

India is looking to expedite discovery efforts to establish the country's shale oil and gas potential.The end of China’s draconian one-child policy has failed to bring an expected boom in births, adding yet another headwind to the country’s economy and compounding worries about its long-term growth potential. A run of good fortune for top casino operators is coming to a halt. Industry analysts are bearish on prospects in Macau, the world’s largest gambling hub.Global regulators must revamp the way they assess new threats to the financial system, as the tide of post crisis rules crests and the financial sector evolves, a top Federal Reserve official said.

FINANCIAL TIMES

[I]   US companies warn investors of mounting Brexit risks 

[I]   Brazil economy minister vows sweeping reforms 

[I]   Europe turns on spending taps as austerity ends 

[I]   Italy’s populists attack central bank and regulator 

[I]   Turkey urges China to shut internment camps 

[I]   Japan Inc hit by China slowdown and trade disputes 

[I]   PE firms pushed to offload prison company investments 

REUTERS

[I]   India asks firms to expedite efforts to establish shale oil & gas potential

[I]  India launches third round of oil and gas blocks for exploration

[I]  South Korea signs deal to pay more for U.S. troops after Trump demand

[I]   Oil prices fall on rising U.S. rig count, pressure on OPEC-led supply cuts

[I]   Brexit referendum spurs British companies into investing in EU: research

[I]   China retail earnings up 8.5 percent during new year holiday: ministry

[I]   Britain and Switzerland to sign post-Brexit trade agreement

BLOOMBERG 

[I]   Trade Talks to Eclipse All as Emerging-Market Bulls Take a Hit

[I]   Second Trump-Kim Summit Coming After Scant Evidence of Progress

[I]   China's Yuan Drops as Markets Reopen After Break; Stocks Mixed

[I]   Thailand’s ‘Tough’ Mobile Price War to Moderate, Telenor’s Unit Says 

[I]   Brazil President Says Stabbing Probe to Conclude in a Few Weeks

[I]   Lagarde Says IMF Stands Ready to Support Pakistan

[I]   Fastest-Growing Gold ETF Using Fee War to Redefine the Industry

[I]   Spain Takes an Economic Gamble on an Unprecedented Wage Hike

WALL STREET JOURNAL

[I]   China’s Demographic Danger Grows as Births Fall Far Below Forecast

[I]   Number of Workers Striking Across the U.S. Jumped in 2018

[I]   High-Rollers Cool Bets as Chinese Economy Slows

[I]   Fed’s Daly Unsurprised Economy Is Growing More Slowly

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

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

[I]   Fed’s Bullard Says No Need to Raise Rates Again

[I]   Eurozone Economic Forecasts Slashed

BUSINESS LINE

[I]   State-run banks spurn risky lending to conserve capital

[I]   Unemployment is not the bigger issue; meaningful employment is, says CEA

[I]   India pushing for energy justice on a global platform: Pradhan

[I]   India offering aid to Mauritius for strategic projects

[I]   Why highway development in the North-East is fraught with roadblocks

ECONOMIC TIMES

[I]   Global economic storm is coming, warns IMF

[I]   FinMin wants Rs 27,000 crore more from RBI

[I]   India has poor pay issue, not job crisis: Govt

[I]   Two gods of central banking will bequeath future to mere mortals

[I]   Inflation, IIP among key factors that may guide stock market this week

[I]   IMF Lagarde says oil exporters have not fully recovered from oil shock, cautions against "white elephant projects"

[I]   In Asia's high-yield battle, Indonesia grabs upper hand over India

[I]   Hiring, production outlook to improve in manufacturing sector in Q3: Survey

[I]   EPF enrolment, income tax data cannot measure job creation: Experts

BUSINESS STANDARD

[I]   In the danger zone: Why regulating drones is a policy challenge for India

[I]   Angel tax row: Govt seeks to soften the blow for start-up businesses

[I]   AI, big data and analytics skills command 50-100% premium in pay packages

[I]   Defence modernisation budget rises just 5% each year in real terms

[I]   Higher Q3 manufacturing production likely to boost hiring: Ficci

[I]   Hydrocarbon demand here to stay, believe energy firms, policymakers

[I]   India to seek WTO nod for BIS-certified liquefied petroleum gas stoves

[I]   India's market capitalisation down $274 billion in the past one year

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10920;  USDINR DGCX: 71.3825;  DJIA Mini: 25038;  FTSE 100 Fut: 7027;  NIKKEI 225 Fut: 20250;  EUR-USD: 1.1326; Crude Oil (WTI): 51.98;  Gold (Spot): 1313

Best Regards, ARBIND

11 Feb 2019