MACRO ECONOMIC NEWS

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Macro Economic News 25 Feb 2019

 

Should Federal officials worry that a tight labor market could generate more inflation than they want? Fed officials are considering whether to allow inflation to rise above their 2% target more often as they grapple with the likelihood that interest rates are likely to remain much lower than in the past. With the U.S. labor market so tight that companies routinely complain of shortages, you’d think American workers are getting a bigger slice of the nation’s economic pie; But they’re not. President Trump said Sunday he would delay an increase in tariffs on Chinese goods, citing what he called substantial progress on issues including intellectual property and technology transfer.

 

FINANCIAL TIMES

[I]  May goes to the wire with new Brexit deadline

[I]  ‘My model is capitalism’: Ethiopia’s PM plans telecoms privatisation

[I]  Wall Street revives US retail ‘big short’

[I]  Deadly clashes in Venezuela prompt fresh calls for intervention

[I]  Nigeria counts votes as election rivals both upbeat

[I]  UK life insurers brace for hit from pension superfunds

[I]  California leads the way on data regulation

[I]  Alarm bells ring for the Goldilocks world economy

[I]  ECB’s rates policy has had a negative effect

 

REUTERS

[I]  Afghanistan launches new export route to India through Iran

[I]  India lowers tax on new home sales ahead of general election

[I]  U.S. Democrats seek ways to counter Trump's economic message

[I]  Zimbabwe struggles to convince doubters as it launches new currency

[I]  Asia relieved as Trump pushes out tariff deadline

[I]  Trump delays increase in tariffs on Chinese goods, cites progress in talks

[I]  British PM May seeks more time: promises Brexit deal vote by March 12

[I]  Vietnam relishes role as peace maker as it seeks to balance ties

[I]  India proposes new e-commerce regulations with focus on data rules

[I]  Fed's policy pause sets stage for broad overhaul

[I]  Thirty years on, U.S.-China politics and tech collide

 

BLOOMBERG 

[I]  Trump Extends China Tariff Deadline After ‘Substantial’ Progress

[I]  All the Ways China Influences the Yuan, and How to Monitor Them

[I]  China's Stock Surge Puts World-Beating Bond Rally in the Shade

[I]  Emerging Markets Beholden to Yuan's Fate as Trade Deadline Looms

[I]  Thousands Protest in Romania Against Judiciary Law Changes

[I]  Israel’s Rate Hike Could Be One and Done After ‘Mistake’ in 2018

[I]  India Cuts Tax on Housing to Boost Real Estate Before Elections

 

WALL STREET JOURNAL

[I]  Despite Tight Job Market, Labor Force’s Income Is Squeezed

[I]  Trump to Delay Tariff Increases on Chinese Imports

[I]  Federal Reserve Report Highlights ‘Resilient’ Financial System

[I]  China Trade Talks Extended as Trump Pushes to Close Deal

[I]  Economists’ Advice to Fed: Look at Rising Prices and Tight Labor Market

[I]  Economy Week Ahead: U.S. Consumer Confidence, GDP and More

[I]  Fed Embarks on a Rethink of Its Inflation Target

 

BUSINESS LINE

[I]  Draft e-commerce policy tightens rules for foreign players

[I]  PM rolls out Rs. 75,000-cr income support scheme for farmers

[I]  India’s financial condition looking up, says CII-IBA

[I]  Food prices may be subdued, but only for a while

[I]  US, Canada may object to India’s quantitative cap on pulses imports

 

ECONOMIC TIMES

[I]  India's plan to create a mega insurance co gets a new date

[I]  Saudi to make India a hub for oil supply

[I]  Afghanistan launches new export route to India through Iran

[I]  347 infra projects show cost overruns worth over Rs 3.2 lakh crore

[I]  GST payable for under-construction flat will be now 5%: Arun Jaitley

[I]  Unregulated Deposit Ordinance bans only Ponzi schemes not regulated deposits

[I]  PFRDA working on minimum assured return scheme for NPS subscribers

[I]  Bengal leads call for not more than 1% GST for houses costing up to Rs 40 lakh

 

BUSINESS STANDARD

[I]  A long wait for bank CEOs as RBI delays FY18 bonuses, stock options

[I]  Tech complexities make reskilling of employees costlier at IT companies

[I]  E-commerce policy draft: Brands may get the right for exclusive agreements

[I]  India refuses to join e-commerce talks at WTO, says rules to hurt country

[I]  E-commerce policy draft: DPIIT digs heels on data localisation

[I]  India's debt-to-GDP ratio second-worst among emerging markets: Report

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 10820;  USDINR DGCX: 71.0375;  DJIA Mini: 26101;  FTSE 100 Fut: 7160;  NIKKEI 225 Fut: 21553;  EUR-USD: 1.1347; Crude Oil (WTI): 57.48;  Gold (Spot): 1330

 

Best Regards, ARBIND
25 Feb 2019