MACRO ECONOMIC NEWS

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Macro Economic News 07 Mar 2019

                                                                                                                                                     

The U.S. trade deficit in goods reached a record in 2018, defying President Trump’s efforts to narrow the gap, as imports jumped and some exports got hammered by retaliation against U.S. tariffs. Economic activity expanded across the U.S. at the beginning of 2019, with many parts of the country noting the government shutdown led to slower economic activity, according to a Federal Reserve report. The U.S. private sector added 183,000 jobs in February, although the gains were smaller than expected as job creation slowed from a strong performance in January.

 

FINANCIAL TIMES

[I]  Italy set to endorse China’s Belt and Road Initiative

[I]  Blow to Trump as US trade deficit hits 10-year high

[I]  China’s informal curbs unnerve trading partners

[I]  OECD slashes eurozone growth forecasts

[I]  Australia GDP growth misses expectations

[I]  Oil and gas advertising spree signals industry’s dilemma

[I]  Dirty money scandal taints image of Nordic nations

[I]  German bank merger would erode bail-in rules

 

REUTERS

[I]  CEOs tell Trump they are hiring more Americans without college degrees

[I]  Britain's Hunt promises 'doctrine of deterrence' against cyberattacks on democracy

[I]  U.N. rights chief Bachelet warns India over divisive policies

[I]  Tariffs, government shutdown weigh on still-growing economy - Fed

[I]  U.S.-China trade talks progressing well via video conference: USDA official

 

BLOOMBERG 

[I]  China's Double Edged Sword: How to Lure Cash But Keep Control

[I]  Trump’s Big Tax Cuts Did Little to Boost Economic Growth

[I]  Easiest Job in Bonds Turns Exhausting as China Defaults Soar

[I]  U.K. Said to See Early Monday as Cutoff for Talks: Brexit Update

[I]  Flow-Driven Rally in India Rupee May Run Into Wall as Polls Loom

[I]  Wall Street Wants to Reform CDS. Here's Why That'll Be Tough

[I]  Short-Debt Addiction Is Fueling Risks in India

[I]  Wall Street Gets Relief From Tough Aspect of Fed's Stress Tests

 

WALL STREET JOURNAL

[I]  U.S. Trade Deficit in Goods Hits Record

[I]  Fed’s Beige Book: Shutdown Slowed Economic Activity in Some Areas

[I]  U.S. Private Sector Adds 183,000 Jobs in February

[I]  The Trouble With Taxing Wealth

[I]  White House Presses Businesses to Reshape Training Efforts

[I]  U.S.-China Trade Deal Expected to Give Limited Boost to Growth

 

BUSINESS LINE

[I]  Commerce Ministry weighing options of not postponing retaliatory duties on US

[I]  Angel Tax: CBDT gives effect to DPIIT's new regime

[I]  Tata Motors eyes e-comm drive with trucking solution

[I]  Lack of investments by private sector a worry for job market: CII President

[I]  Sugar output at 248 lakh tonnes till Feb 28, says ISMA; ethanol supply set to rise

[I]  More billionaires bloom in Garden City than in Delhi and Mumbai combined

[I]  Britons ready to sacrifice trade deals than allow higher levels of immigration from India/non-EU states

 

ECONOMIC TIMES

[I]  IMF economist points out a big India crisis

[I]  India may take US to WTO over trade snub

[I]  Soon, a lot will change for govt IT workers

[I]  Banks are staring at $25 bn new bad loans

[I]  Giants of India Inc wade into rupee bonds as costs drop

[I]  Driven by its cuisine, Japanese food exports to India jumped 40 per cent in 2018

[I]  No action plan ready against US trade move

[I]  US stops duty benefits for $5.6 billion of Indian exports

[I]  India may impose retaliatory tariffs on US goods from April 1

[I]  Youth inactivity highest in India among emerging markets: IMF economist

 

BUSINESS STANDARD

[I]  TV industry stands divided on BARC's transparency in viewership data

[I]  Coming soon: Higher tariffs on 29 key US imports announced last year

[I]  Dip in sugar prices negates part of Centre's incentives to clear cane dues

[I]  Chinese shares surge to 9-mnth high but fail to ignite broader market rally

[I]  Markets extend winning streak on back of strong inflows from FIIs

[I]  India's billionaire club to grow 37% in 5 years, to beat global average

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11095;  USDINR DGCX: 70.3000;  DJIA Mini: 25631;  FTSE 100 Fut: 7158;  NIKKEI 225 Fut: 21450;  EUR-USD: 1.1313; Crude Oil (WTI): 56.23;  Gold (Spot): 1288

 

Best Regards, ARBIND
07 Mar 2019