MACRO ECONOMIC NEWS

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Macro Economic News 16 Mar 2019

                                                                                                                                                       

U.S. manufacturing output declined for the second consecutive month in February, a fresh sign that a long-predicted slowdown is hitting the U.S. economy. U.S. consumer sentiment rose, a sign that consumers may be feeling more optimistic. A top European Central Bank official called for a review of the ECB’s strategy after its latest economic forecasts suggested it won’t hit its inflation target for years, underscoring that the goals of major central banks may be unattainable amid deep changes in the global economy. Economists are pushing farther out into the future their forecasts.

 

FINANCIAL TIMES

[I]  Italy eyes loans from China-led development bank

[I]  UK carmakers to idle plants despite Brexit delay

[I]  China passes law in bid to ease overseas investor concerns

[I]  Turkey risks US ire over Russia air defence deal

[I]  North Korea threatens to end US talks and restart tests

[I]  Brexit confusion has roots in decades of mutual suspicion

[I]  Admission scandal shows US meritocracy is a sham

 

REUTERS

      [I]  U.S. regulators want public's view on cars with no steering wheel, brakes

[I]  Trump vetoes measure to end his emergency declaration on border wall

[I]  U.S. requests consultations with South Korea under trade deal

[I]  India's February trade deficit narrows to $9.60 billion

[I]  Trump's trade war cost U.S. economy $7.8 billion in 2018: study

[I]  Fed to raise interest rates once more in third quarter, then done

[I]  U.S. manufacturing sector slowing as economy loses steam

 

BLOOMBERG 

[I]  From Poster Child to Problem Child: The Canadian Dollar in 2019

[I]  The Era of Cheap Money Shows No One Knows How Monetary Policy Works

[I]  Hedge Funds Versus Analysts: Corn Predictors Are Squaring Off

[I]  Oil Bulls Stick to Their Guns Ahead of Make-or-Break OPEC Summit

 

WALL STREET JOURNAL

[I]  Nashville’s Job Market Hits High Note

[I]  Manufacturing Pullback Flashes Signs of Economic Slowdown

[I]  U.S. Consumer Sentiment Improved in March

[I]  U.S. Job Openings Ticked Up to 7.58 Million in January

[I]  ECB Official Calls for Fresh Look at Strategy, Tools

[I]  Bank of Japan Takes Gloomier View of Economy

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

 

BUSINESS LINE

[I]  India Inc must adopt change mantra: Manmohan

[I]  Jaitley: Consensus is the secret behind success of GST rollout

[I]  Big role for corporates in social change

[I]  An evening to celebrate the ‘change agents’

[I]  No question of giving up special privileges at WTO, say larger developing countries

[I]  Instead of price cuts, firms can raise product weight to pass on GST benefit: NAA chief

 

ECONOMIC TIMES

[I]  Why draft e-comm policy may hurt startups

[I]  US oil retreats from 2019 high on soaring production

[I]  Kharif pulses procurement 55% short of target

[I]  Social media abuzz with calls for boycott of Chinese products

[I]  India expects increase in export of fruits and vegetables post Brexit

[I]  Imports of Chinese auto parts set to rise as government pushes for electric cars

[I]  India's trade deficit narrows sharply to a 17-month low in February

[I]  Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr

[I]  India's top government adviser says election won't stop reforms

 

BUSINESS STANDARD

[I]  Sensex reclaims 38,000 as FPIs increase buying; rupee ends at 7-month high

[I]  Compliance eased for US companies operating in India, says CBDT

[I]  Trade deficit narrows to $9.59 billion in Feb, exports grow by 2.4%

[I]  Realty firms under anti-profiteering lens for not passing GST benefits

[I]  Pending petroleum subsidy held back to make room for PM-Kisan scheme

[I]  India may stop refined gold imports in next five years, say experts

 

Best Regards, ARBIND

16 Mar 2019