MACRO ECONOMIC NEWS

LIFE IS A CALL FOR CONQUERING FAITH WITH CONFIDENCE AND COMPASSION. WISHING A CANDIDLY CAPTIVATING WEEK AHEAD.

Macro Economic News 02 Mar 2019

                                                                                                                                                       

Income softened in January, driven by a sharp dive in both dividend and proprietors’ income. The US job market doesn’t get much better than this; all sorts of people who have previously had trouble landing a job are now finding work. Here’s a look at who’s getting ahead, who could be left behind and how long the boom can last. Inflation fell short of the FED 2% target in 2018 for a seventh consecutive year, though a closely watched measure of underlying price pressures gained traction in December. Growth slowed at U.S. manufacturing firms in February, a sign that the slowing global economy and uncertainty over trade could have clouded the outlook for factories. The Canadian economy slowed in the fourth quarter in its worst performance in more than two years amid a drop in business investment and softer household spending.

 

FINANCIAL TIMES

[I]  US lashes out at Brussels over failed dirty money blacklist

[I]  Brexit, Trump and Merkel skewered by carnival art maestro

[I]  North Korea paints upbeat picture of Trump-Kim summit 

[I]  US takes tough line with UK on post-Brexit trade talks

[I]  UK must hold EU polls if Brexit is delayed, says Bundestag

[I]  Pakistan returns captured Indian fighter pilot

[I]  Anti money laundering rules threaten Cayman property boom

[I]  Property funds likely to halt trading, says rating agency

[I]  Dwindling numbers of buy-to-let property purchases

 

REUTERS

[I]  India's growth may decelerate further despite election spending

[I]  Trump asks China to lift tariffs on U.S. farm products

[I]  U.S. companies adapt to 'endless' China tariffs

[I]  Bostic: Markets may doubt Fed's inflation commitment

[I]  IMF'S Lagarde says messy Brexit could have 'significant consequences'

[I]  U.S. consumer spending, factory data point to weak first quarter GDP growth

 

BLOOMBERG 

[I]  Hottest Nasdaq Run Since 2012 Gets Fuel From Tech Earnings Surge

[I]  Stocks Rise for Fifth Straight Week; Oil Tumbles: Markets Wrap

[I]  Startling Near-Halt to Economy Stokes Fear of Canadian Recession

[I]  NYC's $38 Billion of Debt Raised as Wall Street's Sway Wanes

[I]  China Finalizes Rules for New Technology Exchange in Shanghai

[I]  Europe Awaits China's Stimulus Signal as Export Economy Suffers

[I]  Greece Wins Moody's Upgrade as Reforms Starting to Bear Fruit

 

WALL STREET JOURNAL

[I]  Inside the Hottest Job Market in Half a Century

[I]  How Do You Stack Up in Today’s Job Market?

[I]  Personal Income Cooled in January

[I]  Inflation Fell Below Fed Target in 2018

[I]  Congress Faces Fall Deadline to Address Debt Ceiling

[I]  Five Takeaways From Powell’s Congressional Testimony

[I]  U.S. Factory-Sector Growth Slowed in February

[I]  U.S. Consumer Sentiment Slipped in late February

[I]  Canada’s Economy Delivers Worst Quarterly Growth in Two Years

 

BUSINESS LINE

[I]  India’s MSP programme for pulses under WTO lens

[I]  Electronics policy to create a Sovereign Patent Fund

[I]  Auto industry welcomes FAME-II approval

[I]  GST collection drops to Rs. 97,000 cr in February

[I]  Car sales record tepid growth in February; two-wheeler sales fall

[I]  ‘India-EU free trade pact not possible without lowering tariffs on cars’

 

ECONOMIC TIMES

[I]  How geopolitical de-escalation dims Rupee's volatility

[I]  Forex reserve up by $944 million at $399.21 billion

[I]  Dollar near 10-week high vs yen on upbeat US GDP

[I]  Gig economy on rise; 70% firms used gig workers in 2018

[I]  Farmers in border areas at standstill as standing crops await tending

[I]  Brazil, Australia lodge complaint in WTO over India's sugar subsidies

[I]  Retail inflation for industrial workers up 6.6% in January

[I]  EPFO to take action against firms not factoring special allowance for EPF computation

[I]  India's growth may decelerate further despite election spending

 

BUSINESS STANDARD

[I]  Sebi tightens norms for liquid MFs, takeover regulations of firms under IBC

[I]  Merger of Railway and Union Budget: How it stands after five years

[I]  Ordinance to allow voluntary use of Aadhaar to rekindle privacy debate

[I]  Manufacturing PMI hits 14-month high in February on export orders

[I]  GST collections drop to Rs 97,247 cr in Feb; rate cuts may have hit mop-up

[I]  Sugar stocks jump by 10% following govt's decision to provide soft loans

 

Best Regards, ARBIND

02 Mar 2019