MACRO ECONOMIC NEWS

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Macro Economic News 06 Feb 2019

 

Experts say that the Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening".  The global economy’s stumbles over the past year have been no surprise to the world’s purchasing managers and the people closely following the indexes of their views. The Federal Reserve said that its stress test for big banks will imagine a rapid increase in unemployment.  As per the FED, a growing minority of banks reported tightening their standards for some loans in the fourth quarter. Europe’s flagging economy got off to a weak start in 2019, as Italy showed few signs of emerging from recession and the uncertainty around Britain’s exit from the European Union dragged on U.K. growth.

 

FINANCIAL TIMES

[I]  German minister calls for fund to block foreign takeovers

[I]  Retail investors return to Wall Street

[I]  Italian services sector slips back into contraction in January — PMI

[I]  Japan gears up for mega hack of its own citizens

[I]  German industrial policy comes back to the fore

[I]  EU trade pact changes the game for Japan carmakers

 

REUTERS

[I]  Trump to call for immigration system that protects U.S. 'lives and jobs'

[I]  Sterling to slump on no-deal Brexit, rise a bit on orderly exit: Reuters poll

[I]  RBI may change stance, inch towards rate cut

[I]  Banks may have to shell out another up to $5.6 billion for bad debt: India Ratings

[I]  UK ministers hold secret talks of delaying Brexit by eight weeks - The Telegraph

 

BLOOMBERG 

[I]  Trump to Cite ‘Moral Duty’ to Stop Illegal Immigration in State of the Union

[I]  Cannabis Smoking Associated With Higher Sperm Count, Study Finds

[I]  Wall Street Veteran Says U.S.-China Deal Will Be Sell Trigger

[I]  Wall Street's Next Fed Stress Test Assumes Deepest Recession Yet

[I]  Dollar Revival at Risk on Trump's Tone in State of Union Address

[I]  Venezuelan Money Supply Is Surging at the Fastest Pace on Record

[I]  London Office Deals Are Outpacing Manhattan

[I]  Time for India's Central Bank to Lower Rates, Modi Adviser Says

[I]  Here Are the Finance Firms Cutting Jobs After Turmoil in Markets

 

WALL STREET JOURNAL

[I]  To Gauge the Health of the Economy, Look to Purchasing Managers

[I]  Fed to Include High Unemployment in 2019 Stress Test Scenario

[I]  Expansion of U.S. Services Sector Slowed in January

[I]  U.S. Works to Pave Way for Its Pick to Lead World Bank

[I]  Fed’s Kaplan: More Clarity Needed Before Next Rate Move

[I]  Europe’s Economy Starts 2019 With a Whimper

[I]  Fed Survey Shows Tighter Lending Standards, Weakening Credit Demand

 

BUSINESS LINE

[I]  India-US commercial dialogue, CEO Forum to be held on Feb 14

[I]  Solar energy shines bright in renewable capacity additions

[I]  Italy’s Trade Commissioner: But for levies, more firms will Make in India

[I]  India keeps foreign firms on tenterhooks

[I]  Fed’s rate hike pause

[I]  India set to lose No. 1 cotton grower tag to China

[I]  Farm exports fall 3 per cent in dollar value in April-Dec period

[I]  Delay ushering in new floating rate lending regime: Banks to RBI

 

ECONOMIC TIMES

[I]  Rs 3.5L cr of stressed loans: Banks stare at more NPA trouble

[I]  Govt expects Rs 69,000 crore dividend from RBI in FY20

[I]  Duties on key mobile handset parts removed from February 1

[I]  Niti Aayog task force to find long-term solution to sugar sector woes: Ram Vilas Paswan

[I]  Government to conduct survey to assess plight of farmers this year

[I]  Government seeks Parliament's nod for additional gross spend of Rs 1.98 lakh crore

[I]  India’s export growth may slow to 7% in FY19

[I]  Fiscal slippage for two consecutive years credit negative: Moody's

[I]  India's services sector activity slips for second straight month, employment rises

 

BUSINESS STANDARD

[I]  RBI to conduct first half-yearly audit, approve interim dividend on Feb 18

[I]  Developed states are showing lowest growth in GST revenue collection

[I]  400,000 bid for fuel pumps; investment of Rs 90,000 crore expected

[I]  RBI may hold rate on ambiguous growth, moderate inflation: Expert

[I]  Onion prices in Maharashtra hovering at 2-year lows, farmers seek govt help

[I]  Banks yet to tag Rs 3.5-trn stressed corporate loans as NPAs, says report

[I]  Sebi comes out with a strict framework for public interest directors

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11011;  USDINR DGCX: 71.7050;  DJIA Mini: 25339;  FTSE 100 Fut: 7111;  NIKKEI 225 Fut: 20957;  EUR-USD: 1.1402; Crude Oil (WTI): 53.71;  Gold (Spot): 1315

 

Best Regards, ARBIND

06 Feb 2019