MACRO ECONOMIC NEWS

WITH THIS DAY EXTENDS SUPPORT TO BECOME ONE WITH THE CREATOR OF THE UNIVERSE. WISHING ONENESS WITH THE DAY AHEAD.

Macro Economic News 04 Feb 2019

 

Moody predicts Difficulty for India maintaining 3.4% fiscal deficit in FY'20. Britain says, “It would be irresponsible for the European Union to refuse to reopen negotiations over Britain's exit deal”. The FED 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. 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. In the week ahead, Brazil’s central bank will make a rate decision.

 

FINANCIAL TIMES

[I]  Wall St set for $1bn fee bonanza from pharma mega-deal

[I]  Germany pins hopes on consumers to drive growth

[I]  Investors urge tech start-ups to hoard cash

[I]  French employers warn of no-deal Brexit ‘chaos’

[I]  International pressure mounts on Venezuela regime

[I]  Australian regulator targets banking ‘oligopoly’ 

[I]  Economic self-interest not enough to resolve Irish border question

[I]  UK companies face chill winds from all directions

 

REUTERS

[I]  Dollar finds support on U.S. jobs data; Aussie dollar weaker

[I]  Germany could face budget deficits for years to come: Bild, citing government document

[I]  Trump says U.S. military intervention in Venezuela 'an option,' Russia objects

[I]  UK trade minister says EU 'irresponsible' to refuse to reopen Brexit deal 

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

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

 

BLOOMBERG 

[I]  Bond Markets Signal ECB May Have Missed Its Chance to Lift Rates

[I]  What Spooked Fed, BOE's Brexit Rut, Aussie Rate Debate: Eco Day

[I]  Don't Be Fooled by Emerging-Market Comeback, Japan Fund Says

[I]  Emerging Asian Stocks Are Attracting More Money Than Bonds

[I]  Crypto Is Over: Fintech Summit Returns to Disrupting Banks

[I]  Cash-Strapped Oman May Be Next Blowout After Bahrain Crisis

[I]  Bond Markets Signal ECB May Have Missed Its Chance to Lift Rates

[I]  What Spooked Fed, BOE's Brexit Rut, Aussie Rate Debate: Eco Day

[I]  Gold Is One Wealth Fund's Escape From Geopolitics, Credit Risk

 

WALL STREET JOURNAL

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

[I]  Along the Coasts, Communities Gird for Rising Seas

[I]  Economy Week Ahead: Services-Sector Activity, International Trade

[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]  Growth in Activity in China’s Service Sector Slowed in January

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

 

BUSINESS LINE

[I]  Tax scrutiny will be faceless in 2 years, says Revenue Secretary

[I]  ‘Filing return a must to get rebate benefit’

[I]  Full benefits of GST only from 2020-21: Interim Budget

[I]  Why UK’s auto sector fears no-deal Brexit

[I]  ‘Debt exchange-traded fund to be launched next fiscal’

 

ECONOMIC TIMES

[I]  Bad economics is our fate, just accept it

[I]  Should India be worried about Brexit?

[I]  Difficult for government to maintain 3.4% fiscal deficit in FY'20: Moody's

[I]  363 infrastructure projects show cost overrun of over Rs 3.42 lakh crore

[I]  Govt’s risky bet on high-cost funds may fuel price rise

[I]  35 CPSEs lined up for strategic sale, DIPAM streamlining processes for faster execution

 

BUSINESS STANDARD

[I]  More than half of India's working-age population out of labour force: NSSO

[I]  Interim Budget reduces RBI rate cut possibility in February, say economists

[I]  Returns down from US generic drugs market for Indian pharma firms

[I]  Public sector investments likely to witness muted growth next fiscal

[I]  Govt's zero interface in tax scrutiny good, but may increase litigation

[I]  Uniform stamp duty for financial instruments may push M&A cost: Experts

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10898;  USDINR DGCX: 71.6800;  DJIA Mini: 25021;  FTSE 100 Fut: 6961;  NIKKEI 225 Fut: 20852;  EUR-USD: 1.1458; Crude Oil (WTI): 55.12;  Gold (Spot): 1315

 

Best Regards, ARBIND

04 Feb 2019