MACRO ECONOMIC NEWS

LIFE IS VERY SIMPLE; IT MAKES YOU HAPPY TO MAKE OTHERS HAPPY. WISHING A JOYFUL DAY AHEAD.

Macro Economic News 26 Feb 2019

                                                                                                                                                     

The U.K.’s main opposition Labour Party said it would support holding a second Brexit referendum, a policy shift that breathes some life into the prospect of Britons voting again on whether the U.K. should leave the EU. Saudi Arabia and others in OPEC are likely to back a continuation of oil-production curbs when the group meets in April, according to officials in the cartel, in defiance of U.S. pressure to keep crude prices low. Trump’s decision to delay expanded trade tariffs on Chinese imports likely staved off higher U.S. inflation, new research suggests. Financial-market signals about slowing economic growth should be one of several indicators that inform monetary policy judgments.

 

FINANCIAL TIMES

[I]  Trump risks political backlash on China trade deal

[I]  Emerging world is slowing — but not as much as developed

[I]  Australia launches climate change plan

[I]  Top consumer companies ill-prepared for climate risks

[I]  Central banks’ inflation targets often fail the transparency test

 

REUTERS

[I]  India's FDI inflows fall amid pre-election uncertainty

[I]  Oil steadies after selloff; market eyes Trump intervention

[I]  Cubans overwhelmingly ratify new socialist constitution

[I]  Vatican treasurer Pell found guilty of abusing two choir boys in 1990s

[I]  Taiwan concerns mean China defence budget likely to defy slowing economy

[I]  Taiwan concerns mean China defense budget likely to defy slowing economy

 

BLOOMBERG 

[I]  OPEC Again Faces Choice Between Trump's Wrath and Oil Slump

[I]  How Hong Kong's Property Slump Could Clobber the Economy

[I]  What's a Current Account Deficit and Who's Worried?

[I]  Chinese Stocks Swing Following Biggest Daily Surge Since 2015

[I]  Investors Flee Shadow Lenders in India After Shock of Defaults

[I]  Half-Billion Dollars of Sanction-Stained Oil Sits Off Venezuela

 

WALL STREET JOURNAL

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

[I]  Fed’s Clarida Says Bond Market Signals Warrant Attention

[I]  Trump’s Retreat on Tariffs May Help Keep Inflation Pressure at Bay, Report Says

[I]  U.K. Labour Party Would Back Second Brexit Referendum

[I]  Saudis Likely to Push to Maintain Output Cuts Despite U.S. Pressure

[I]  Fed’s Bostic Expects One Rate Rise This Year, Another in 2020

[I]  Fed Officials Meet With Local Leaders to Support Low-Income Communities  

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

 

BUSINESS LINE

[I]  Steel cos set to hike price for third time this month

[I]  UK must get out of Chagos Islands : ICJ

[I]  Draft e-commerce policy contains strong elements of protectionism, say players

[I]  ‘Without input tax credit, developers may not pass on benefit of GST cut’

[I]  New EPF subscriber addition count hits a 16-month low in Dec

[I]  Rabi sowing closes with record rice acreage of 49 lakh hectares

 

ECONOMIC TIMES

[I]  India's mass market car is changing, and how!

[I]  MFI loan book growth hits 43% at Rs 1.66 trn in Q3

[I]  Dollar crown intact as central banks emulate Fed tightening pause

[I]  IT companies using retention bonuses to keep staff with new digital skills

[I]  'Firms must ensure onus of data protection is not on consumers'

[I]  Castor seed production to be down by 20% in 2018-19: Solvent Extractors Association

[I]  RBI's autonomy meant to further liquidity, credit: FM Arun Jaitley

[I]  Goods and services exports to cross USD 500 bn this fiscal: Suresh Prabhu

[I]  India’s strategy is to increase exports for higher market share

[I]  Foreign direct investment inflows fall amid pre-election uncertainty

 

BUSINESS STANDARD

[I]  RBI proposes to rein in compensation packages of private bank CEOs

[I]  India likely to get normal southwest monsoon in 2019, says Skymet

[I]  Hike in minimum pension for subscribers will need budgetary support: EPFO

[I]  12 million jobs a year created in formal sector in last 4 years: PM Modi

[I]  Relief to e-wallets: RBI extends KYC compliance norms by six months

[I]  India's import of paper declines 25% in first three quarters of FY19

[I]  Rupee seen a winner in US-China trade thaw, but gains may be slow

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10812;  USDINR DGCX: 70.8325;  DJIA Mini: 25986;  FTSE 100 Fut: 7107;  NIKKEI 225 Fut: 21485;  EUR-USD: 1.1362; Crude Oil (WTI): 55.21;  Gold (Spot): 1329

 

Best Regards, ARBIND
26 Feb 2019