MACRO ECONOMIC NEWS

COLOUR CARRIES THE SPIRIT FROM WILDERNESS TO THE PROMISED LAND. WISHING AN ANGELIC DAY AHEAD.

Macro Economic News 15 Mar 2019

 

Economists sharply lowered their forecasts for employment and economic growth in the first quarter in a new Wall Street Journal survey, after recent government data suggested the U.S. economy is cooling. China made last-minute changes to a proposed foreign-investment law, trying to address U.S. complaints about forced technology transfer and bolster a compromise seen as crucial to striking a trade deal. Economists are pushing farther out into the future their forecasts for when the Federal Reserve will next raise interest rates, and a growing number say the central bank’s next move will be a rate cut. Sales of new homes in the U.S. fell in January, signalling a weak start to 2019 for the troubled U.S. housing industry.

 

FINANCIAL TIMES

[I]  US Senate votes to block funding for Trump wall

[I]  Parliament backs government proposal to delay Brexit

[I]  Downing Street optimism rises over Brexit deal prospects

[I]  European Nato countries trail on military spending

[I]  Chinese factory-output growth slows to weakest on record

[I]  Algeria’s prime minister pledges roles for youth and women

[I]  Greece maps the long way back to a Brexit deal

[I]  Time to change the student funding model in the US

 

REUTERS

[I]  India LNG demand journey to be shaky, slow due to infrastructure limits

[I]  RBI's liquidity gambit may succeed where rate cut failed - analysts

[I]  Global gloom may force Japan central bank to temper its outlook

[I]  Japan's finance minister warns BOJ against insisting on hitting price goal

[I]  Brazil Supreme Court decision seen as 'blow' to Car Wash probe

[I]  On Japan Sea coast, small firm shows scars of China's economic woes

[I]  In Venezuela, not even the dollar is immune to effects of hyperinflation

[I]  British lawmakers overwhelmingly back Brexit delay

[I]  Bank of Canada sees rising global debt as top threat to growth

[I]  Trump says probably will know in 3-4 weeks about China trade deal

[I]  India's February WPI inflation accelerates to 2.93 percent

 

BLOOMBERG 

[I]  A Declawed Fed Is All That Matters to a Lot of Bulls

[I]  Shake Shack Tests Four-Day Work Week Amid Tight U.S. Job Market

[I]  Secret Deals on China Distressed Debt Start to Unfreeze Trading

[I]  Junk Debt Investors Win Few Breaks on ‘Worst Ever’ Covenants

[I]  King of Indian Bond Sales Warns of the Biggest Crisis Since Lehman

[I]  Australia's Spending Bonanza Gives Central Bank Breathing Room on Rates

 

WALL STREET JOURNAL

[I]  Economists Cut Forecasts for Jobs, Economic Growth

[I]  China Aims to Placate U.S. With Law Banning Theft of Trade Secrets

[I]  Steve Wynn Met With Treasury Officials About Opportunity Zones After Stock Sale

[I]  Labor Lawyer Takes On Mexico’s Exporters, Wins Higher Wages

[I]  Trump’s Pick for World Bank Presidency Faces Clear Path

[I]  White House to Consider Expanding Penalty Reprieve to Taxpayers Adjusting to New Law

[I]  WSJ Survey: Economists See Fed Putting Off Next Rate Increase

[I]  U.S. New-Home Sales Fell in January

 

BUSINESS LINE

[I]  Don’t brand a company ‘shell’ without probe: Court to SEBI

[I]  With the devil in detail, start-ups lose angel investors

[I]  Maharashtra saw 4,500 farmer suicides despite 2017 loan waiver

[I]  Primary market turns vibrant as corporates raise funds, make OFS

[I]  Sugar mills given more time to clear cane arrears

[I]  Export credit dips 45% on rise in NPAs, regulatory reforms

 

ECONOMIC TIMES

[I]  Carmakers told to go easy on production

[I]  Airfares in India are shooting through the roof

[I]  Asian currencies soften after China data, baht leads losses

[I]  Sebi tells PE and VC funds: No side deals with big investors

[I]  RBI Guv-headed panel of regulators discuss issues concerning economy

[I]  Wholesale inflation firms up in Feb on dearer food, fuel

 

BUSINESS STANDARD

[I]  108 economists, social scientists raise doubts on credibility of govt data

[I]  March may be the worst FY19 month for realtors as homebuyers delay payments

[I]  February WPI inflation surges to 2.93% on rise in food, fuel prices

[I]  OMCs float fresh tender for procuring 910 million litres of ethanol

[I]  Investors feel today's CEOs not fit to handle tomorrow's tasks: Study

[I]  India, US to establish six US nuclear power plants in India: MEA

[I]  China industrial output growth falls to 17-year low; jobless rate rises

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11386;  USDINR DGCX: 69.4350;  DJIA Mini: 25827;  FTSE 100 Fut: 7191;  NIKKEI 225 Fut: 21492;  EUR-USD: 1.1314; Crude Oil (WTI): 58.57;  Gold (Spot): 1294

Best Regards, ARBIND

15 Mar 2019