MACRO ECONOMIC NEWS

SENSE OF HUMOUR IS JUST A CELEBRATING COMMON SENSE. WISHING A JOVIAL DAY AHEAD.

Macro Economic News 05 Feb 2019

 

The US opines, negotiating new World Trade Organization rules to try to rein in China's "mercantilist" trade practices would be largely a futile exercise. The Federal Reserve never played the negative interest rate card in response to the financial crisis, but new research claims the economy probably would have recovered faster if it had. A growing minority of banks reported tightening their standards for some loans in the fourth quarter and said they expected loan demand and performance to weaken, the Federal Reserve. The Federal Reserve reversed course last week when it put interest rate rises on hold, prompted by rising risks to U.S. growth in the months ahead, rather than any signs the economy’s health is faltering now. German central-bank President Jens Weidmann called on the European Central Bank to press ahead with plans to phase out ultralow interest rates, warning that the ECB currently has little room to deal with any new economic downturn.

 

FINANCIAL TIMES

[I]  Mexico’s purge on technocrats fuels concern

[I]  Europe split over how to respond to rise of China

[I]  Surging food prices help push Turkish inflation higher

[I]  US-China tariff war will divert trade to EU, says UN

[I]  More ‘hate speech’ being removed from social media

[I]  Turkey has a chance to become a regional gas hub

[I]  The end of ‘too big to fail’ remains difficult to picture

 

REUTERS

[I]  U.S. trade agency sees negotiating new WTO rules to rein in China as futile

[I]  Australian bank shares surge as investors cheer 'best possible' inquiry outcome

[I]  U.S. trade agency sees negotiating new WTO rules to rein in China as futile

[I]  Gold prices near one-week lows as investors turn to riskier assets

[I]  U.S. trade agency sees negotiating new WTO rules to rein in China as futile

[I]  Germany facing big budget hole as economy slows: document

[I]  Australia vows to clean up financial sector after landmark misconduct inquiry

[I]  Australia's central bank faces watershed week for policy

 

BLOOMBERG 

[I]  Australia Keeps Rates on Hold Despite Pressure from Property Slump

[I]  Philippine Inflation Cools, Giving the Central Bank ‘More Space’

[I]  Zimbabwe's Lesson for Venezuela: It’s Not Easy to Fix a Broken State

[I]  Beware of Small Caps and Regulation, Indian Fund Manager Says

[I]  Australians Close Their Wallets as Retail Sales, Imports Tumble

[I]  U.K. Consumer Spending Recovers Slightly as Brexit Dims Outlook

[I]  Global Funds See More Pain for India Debt

 

WALL STREET JOURNAL

[I]  How Low Interest Rates Can Freeze the Economy

[I]  Negative Rates Would Have Sped Up Economic Recovery, Fed Paper Says

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

[I]  Out-of-State Buyers Flock to Miami

[I]  Why the Fed Made a U-Turn: Perceived Risks Shifted

[I]  ECB’s Weidmann: Important Not to Waste Time in Normalizing Monetary Policy

 

BUSINESS LINE

[I]  Worried over drop in shipments, govt to hold discussions with exporters

[I]  Railways may hike passenger fares on specific routes based on demand

[I]  Centre needs to intensify its tax mop-up measures, particularly on GST: Report

[I]  Industrial revolution 4.0: Are we prepared for it?

[I]  Empowering women at the workplace

[I]  Working group to examine Angel Tax pain

[I]  Double whammy for tea sector

 

ECONOMIC TIMES

[I]  Brexit is good for India's richie rich

[I]  FDI during April-September 2018-19 fell 11 per cent to $22.66 billion

[I]  India imposed anti-dumping duty on 99 Chinese products as on Jan 28: Commerce Ministry

[I]  India's exports to surpass USD 314 bn peak this year

[I]  April-December fiscal deficit touches 112.4% of FY'19 budget target

[I]  RBI monetary policy meeting on Feb 7; MPC may change policy stance to neutral

[I]  Niti Aayog open to have a role in allocating developmental funds to states: Rajiv Kumar

[I]  Better enforcement of FDI policy to push growth of sector: C R Chaudhary

 

BUSINESS STANDARD

[I]  New definition to give start-ups, investors a bigger angel tax breather

[I]  Big deals come with bigger labour costs for Indian IT services companies

[I]  Pest attacks to deliver sales boost to agri input companies in FY19

[I]  Better enforcement of FDI policy to push e-commerce sector: Minister

[I]  CRISIL SME Tracker: A GST leg-up for micro enterprises

 

MARKETS (10:15 am)

[I]  SGX NIFTY Fut: 10944;  USDINR DGCX: 72.0275;  DJIA Mini: 25170;  FTSE 100 Fut: 7008;  NIKKEI 225 Fut: 20880;  EUR-USD: 1.1434; Crude Oil (WTI): 54.89;  Gold (Spot): 1315

 

Best Regards, ARBIND

05 Feb 2019