MACRO ECONOMIC NEWS

WITH THIS DAY GRANTS US PATIENCE AND LOVE. WISHING A LOVELY DAY AHEAD.

Macro Economic News 01 Feb 2019

 

An official survey that has been withheld by the government shows India’s unemployment rate rose to its highest level in at least 45 years in 2017/18. The U.S. government January labor market report is expected to mark 100 straight months of job creation. The U.S. and China moved closer to settling their trade dispute. China’s slowing economy is taking a toll on companies in Asia, the U.S. and Europe. German central-bank discusses with European Central Bank on plans to phase out ultralow interest rates, warning that the ECB currently has little room to deal with any new economic downturn. The Canadian economy contracted slightly in November, matching market expectations, as the wholesale trade and manufacturing sectors declined. A slowing global economy and low inflation has central banks around the world rethinking plans to gradually pull back financial stimulus from markets and the banking system.

 

FINANCIAL TIMES

[I]  EU accuses eight banks of bond market collusion

[I]  Central bank gold-buying reaches half-century high

[I]  India revises growth data as statistics are queried

[I]  European countries set up trade channel with Iran

[I]  Slowdown fears mount as eurozone growth stagnates

[I]  Italy’s faltering economy to test populists’ plans

[I]  South Korea pins hopes on start-ups to power growth

[I]  The EU needs its own digital security strategy

 

REUTERS

[I]  Unemployment at 45-year high in 2017-18: report

[I]  Creating jobs for new entrants: NITI Aayog

[I]  Businesses fear guaranteed income plan

[I]  Japan's January factory activity weakens to 29-month low as export orders tumble: PMI

[I]  Japan's jobless rate falls to 2.4 percent in December

[I]  South Korea January exports fall for second month as China woes dim outlook

[I]  British car industry warns against no-deal Brexit as investment slumps

 

BLOOMBERG 

[I]  China May Cut Rates Today, Says Economist Who Called 2014 Move

[I]  China Offered to Slash Malaysia Rail Project Cost, Reuters Says

[I]  The Latest Victim of 2018’s Stock Rout Is the World's Largest Pension Fund

[I]  Australia’s Housing Downturn Deepens as Prices Hit 2016 Levels

[I]  Singapore Has a Shipping Rival Less Than 30 Kilometers Away

 

WALL STREET JOURNAL

[I]  Five Things to Watch in the January Jobs Report

[I]  Trump Gives Upbeat Assessment of Trade Talks With China

[I]  China Slowdown Hits Growth Globally

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

[I]  Canada GDP Contracted 0.1% in November

[I]  U.S. Employment Costs Rose 0.7% in the Fourth Quarter 

[I]  Eurozone Slowdown Feeds Fears About Faltering Global Growth

[I]  Central Banks Shift on Plans to Pull Back Stimulus

 

BUSINESS LINE

[I]  No breather on new e-comm rules; heat on both players, customers

[I]  Interim Budget with a twist?

[I]  GST mop-up crosses Rs. 1-lakh cr in January

[I]  Core sector growth slows to 2.6% in December

[I]  Revised e-comm rules may hit online sellers, shoppers

[I]  Lesson for India Inc: ‘Any allegation must be taken seriously and quickly’

[I]  RBI launches ombudsman scheme for digital payments

[I]  Saudi Arabia making a game bid to woo the world

 

ECONOMIC TIMES

[I]  Domestic gold demand dips 1.4% in 2018, up 4% globally

[I]  Opec oil output drops in January on Saudi cut, outages and sanctions

[I]  High liquidity likely to make corp bonds less risky: Icra

[I]  Modi plans to raise rural spending in Budget by 16% to woo rural voters

[I]  Govt revises FY18 GDP growth upwards to 7.2% from 6.7%

[I]  GST collections top Rs 1 lakh crore in January: Govt

[I]  Core sector output growth slows to 2.6% in December 2018

[I]  India's unemployment rate hit a 45-year high in 2017/18

 

BUSINESS STANDARD

[I]  Durables shore up CG Consumer Electricals December quarter performance

[I]  CBDT notifies verification scheme for issuance of e-notices to taxpayers

[I]  Kerala Budget raises spending by 14% despite tough fiscal situation

[I]  India's core sector growth falls to 18-month low of 2.6% in December

[I]  Indian equities missed global rally in Jan on account of domestic concerns

[I]  Central banks bought highest amount of gold in 50 years in signs of turmoil

[I]  UK car exports to India register hike as Brexit-hit industry struggles

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10832;  USDINR DGCX: 71.1400;  DJIA Mini: 25048;  FTSE 100 Fut: 6925;  NIKKEI 225 Fut: 20906;  EUR-USD: 1.1443; Crude Oil (WTI): 54.14;  Gold (Spot): 1320

 

Best Regards, ARBIND

01 Feb 2019