MACRO ECONOMIC NEWS

COLOUR IS THE JOURNEY FROM DARKNESS TO LIGHT. WISHING A COLOURFUL JOURNEY TODAY.

Macro Economic News 14 Mar 2019

                                                                                                                                                       

The US is considering a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans. Jerome Powell said he was supportive of regulators’ continuing efforts to improve the way they implement a 1977 law that requires federally insured banks to promote lending to borrowers in low and moderate income areas. Trump acknowledged concerns in Beijing about the possibility of him walking away from a trade deal, offering to push back a summit with Chinese leader Xi Jinping until a final deal is reached. Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union.

 

FINANCIAL TIMES

[I]  UK sets out trade plans to limit no-deal Brexit damage

[I]  Business attacks UK tariff plan for Northern Ireland

[I]  UK faces prospect of taking part in European elections

[I]  China birth rate declines as childcare costs deter families

[I]  EU acts to cut UK clearing house risk after Brexit

[I]  Japan employers propose smaller pay rises for 2019

[I]  Oil groups face dilemma on climate change

 

REUTERS

[I]  U.S. and India commit to building six nuclear power plants

[I]  Oil edges higher, holds near four-month top on supply cuts

[I]  Japan may cut economic view as China slowdown hits growth: Nikkei

[I]  Brexit set for delay after May wounded by rejection of 'no-deal'

[I]  U.S. core capital goods orders rebound; inflation muted

[I]  Oil up after U.S. crude stock draw, supply growth seen easing

 

BLOOMBERG 

[I]  China Data Dump to Show Investment Recovery Continuing in 2019

[I]  OPEC's Fragile Five Can Easily Become a Shaky Six

[I]  Asia Is Getting Tougher on Auditors After High-Profile Defaults

[I]  Brexit Impasse Sees U.K. Property Price Index Drop to 7-Year Low

[I]  As Japan Stocks Stabilize, BOJ's ETF Buying Is at Lowest Since 2016

[I]  Hedge Fund Sees China's Distressed Debt Generating Juicy Returns

[I]  China Insiders Are Selling Stakes After Mammoth Rally in Shares

 

WALL STREET JOURNAL

[I]  U.S. Durable Goods Orders Rose in January

[I]  Reining in Big Tech: A Middle Way

[I]  U.S. Producer Prices Remained Tame in February

[I]  U.S. Workers Gain From Rising Wages, Low Inflation

[I]  White House Might Put Colleges on the Hook for Student Loans

[I]  U.S.-China Trade Deal Is Getting Closer, Lighthizer Says

 

BUSINESS LINE

[I]  Bank margins may be hit as new RBI norms push firms to bonds

[I]  RBI to inject $5 bn equivalent long-term Rupee liquidity via buy/sell swap auction

[I]  Cabinet approves proposal to align with global trademark system

[I]  Auto dealers say sales slowed down in Feb, stocks at unsustainable levels

[I]  MCA comes up with guidelines on conduct of business

[I]  UK outlines tariff plan for ‘no-deal’ as businesses raise concerns

[I]  Centre to work on seed traceability mechanism

 

ECONOMIC TIMES

[I]  US-China trade deal may send Brent crude prices to $70 level

[I]  Asian currencies skittish on trade deal caution; won top loser

[I]  India could be a $3 trillion digi economy in the next 4-5 years:Ravi Shankar Prasad

[I]  Industrial growth slows down in January, inflation hits a 4-month high

[I]  EC gives go-ahead to GST Council meeting on March 19

 

BUSINESS STANDARD

[I]  RBI to swap $5 billion with banks to aid system liquidity

[I]  76% Indian companies hit by cyberattacks in 2018, shows study

[I]  Private sector investment on a recovery path, shows RBI study

[I]  Auto retail sales drop 8.06 % in Feb as weak demand continues: FADA

[I]  Banks to raise interchange fees for ATM operators by Rs 1.5 to Rs 2

[I]  Property ownership: Allotment letter determines the date of purchase

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11386;  USDINR DGCX: 69.7150;  DJIA Mini: 25742;  FTSE 100 Fut: 7150;  NIKKEI 225 Fut: 21430;  EUR-USD: 1.1331; Crude Oil (WTI): 58.36;  Gold (Spot): 1307

 

Best Regards, ARBIND
14 Mar 2019