MACRO ECONOMIC NEWS

THE MOMENT WE START ACTING LIKE LIFE IS A BLESSING, IT STARTS FEELING LIKE ONE. WISHING A BLESSED WEEKEND AHEAD.

Macro Economic News 02 Feb 2019

 

The Indian government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class in final budget before the general election.  Tested in January by a government shutdown, market volatility and uncertainty about global growth, the U.S. labor market notched its 100th straight month of increased employment. The partial government shutdown, which closed many federal offices for a record-setting 35 days, did little to dent a robust U.S. labor market. Growth picked up for U.S. manufacturers in January, a sign strong factory-sector demand and output overrode uncertainty surrounding the partial government shutdown in the first month of the year. U.S. household sentiment fell sharply in January, as uncertain economic prospects and the partial government shutdown weighed on consumers.

 

FINANCIAL TIMES

[I]  US posts strong job gains in January amid shutdown

[I]  EU gives airlines deadline for no-deal Brexit

[I]  Australian boards reach 30% women target without quotas

[I]  London’s cut-price mansions: expect more deep discounts

 

REUTERS

[I]  Government steps up farm support, gives tax relief

[I]  U.S. job gains largest in 11 months; unemployment rate rises

[I]  'Good vibe' U.S.-China trade talks followed by soybean purchases

[I]  What are India's new FDI rules for e-commerce?

[I]  "Good chance" Trump will declare wall emergency

[I]  U.S. hiring surges despite government shutdown

[I]  Global Economy: Slump or slowdown? Services hold the balance

[I]  Focussed on Powell, markets missed signs Fed would pause

[I]  Pakistan inflation at 7.19 in January year-on-year: statistics bureau

[I]  Pakistan launches expatriates' bond to tackle payments crisis

 

BLOOMBERG 

[I]  Hong Kong Eyes Sea, Golf Courses to Solve Chronic Housing Crisis

[I]  Treasury Issues Investor Information on Venezuela Sanctions

[I]  PBOC's Guo Urges Better Management of Interbank Market, Reserves

[I]  Holiday Shopping Spree to Show What's Really Up With China’s Economy

[I]  Swiss Watch Industry Faces ‘Signs of Stagnation’

[I]  ‘Astonishing’ Legal Pile-Up Could Delay Brexit

[I]  M&A Surge Driven by U.S. Deals Makes for Best January Since 2000

 

WALL STREET JOURNAL

[I]  Economy Notches 100th Straight Month of Increased Employment

[I]  Analysis: January Jobs Report Won’t Change the Fed’s New Wait-and-See Stance

[I]  Shutdown Had Little Impact on Strong Jobs Picture

[I]  During Shutdown, Federal Employees Considered Leaving Government Work

[I]  U.S. Factory-Sector Growth Accelerated in January

[I]  Consumer Sentiment Hits Lowest Level in More Than Two Years

 

BUSINESS LINE

[I]  Farm moves skirt issue of ‘agrarian distress’

[I]  Some sweeteners for aam aadmi

[I]  Inflation far outstrips Section 80-C benefits

[I]  Sell 1 home, buy 2: New norms make it easy

[I]  Four policy signals from the Budget

[I]  Borrowings pegged at Rs. 55,471 cr

 

ECONOMIC TIMES

[I]  Policy to promote gold as asset class with relevant ministries

[I]  Reaping in agriculture today to sow tomorrow in the economy

[I]  Direct tax collection exceeds target in FY19, pegged at Rs 13.80 lakh crore in FY20

[I]  GST collections for January expected at Rs 103,000 cr

[I]  Budget 2019: India to become $5 trillion economy in 5 years, $10 trillion in 8 years thereafter

[I]  Capturing the pulse of the nation with sense and sensitivity

[I]  Key highlights: Modi's election budget explained in 10 easy points

 

BUSINESS STANDARD

[I]  Tax benefits for above Rs 5 lakh income group may be considered next: Goyal

[I]  Interim Budget has sops for voters, slips on fiscal deficit target again

[I]  Sebi issues directive to exchanges, clearing corporations using AI tools

[I]  Interim Budget 2019: Income support scheme leaves farmers unhappy

[I]  Interim Budget 2019: Tax rebate for affordable housing excites developers

 

Best Regards, ARBIND

02 Feb 2019