MACRO ECONOMIC NEWS

MAY WE EXPERIENCE GRACIOUS AND UNCONDITIONAL LOVE ALL AROUND. WISHING THIS WEEK, THE FAITH IN LOVE EXPANDS BEYOND ONESELF.

Macro Economic News 25 Mar 2019

 

The U.S. labor-force participation rate has defied predictions of demographic-driven declines thanks to a strong economy that is pulling in and retaining more workers. Data suggesting the global slowdown may be intensifying caused a key bond-market indicator to flash its first recession warning since 2007, raising expectations the Federal Reserve may cut interest rates by year’s end. The U.S. budget gap widened 39% in the first five months of the fiscal year as tax revenues held steady and federal spending increased. The IRS lowered the threshold for avoiding penalties on underpaid income taxes again, if taxpayers paid 80% of their 2018 taxes during the year.

 

FINANCIAL TIMES

[I]  Mueller finds no collusion between Trump and Russia

[I]  Europe’s public interest problem with Chinese investment

[I]  May survives but struggles to win over Brexit rebels

[I]  Digital trade is stumbling block in US-China trade talks

[I]  Philanthropy must shift focus to education crisis

 

REUTERS

[I]  May in fight to retain grip on Brexit as parliament seeks control

[I]  China says will reduce government direct intervention in industrial sector

[I]  Oil prices fall as markets brace for potential U.S. recession

[I]  Britain's financial sector has gloomiest outlook since 2008 crisis: survey

[I]  China confident of achieving key 2019 economic targets, vice premier says

[I]  Italy endorses China's Belt and Road plan in first for a G7 nation

[I]  U.S. air strikes kill a dozen Afghans, battle intensifies in Taliban strongholds

[I]  Pakistan call for peace with India as it shows off its military might

 

BLOOMBERG 

[I]  China Issues More Rules for Review of Listing on New Tech Board

[I]  China Local Government Debt - The Bomb That Doesn't Explode

[I]  China Has a Lot of Financial Opening Up to Do, Says Central Bank

[I]  Chinese Regulator Says Financial Markets Can Open More Quickly

[I]  Is the $220 Billion Indian Stock Rally Overheating?

[I]  Turkish Central Banker Says Drop in Reserves Isn't Abnormal

[I]  Trade War Jaw-Jaw Returns With Fresh Talks: Global Economy Week

 

WALL STREET JOURNAL

[I]  Aided by Strong Economy, U.S. Labor Force Beats Forecasts

[I]  Trump Offers Fed Board Position to Ex-Campaign Adviser Moore

[I]  Slowing Global Economy Raises Expectations Fed Will Cut Rates This Year

[I]  Fed Chairman Jerome Powell Shows His Flexible Side

[I]  U.S. Budget Deficit Grew 39% in First Five Months of Fiscal 2019

[I]  IRS Offers More Cushion to Taxpayers Who Paid Too Little

[I]  Economy Week Ahead: New U.S. Housing and Trade Data

 

BUSINESS LINE

[I]  As procurement remains low, MSP means little for growers

[I]  Gilt funds returns outshine other debt categories’

[I]  British PM May under pressure to step down to save Brexit

[I]  India preparing to keep e-commerce off the table at the Osaka G-20 meet, too

 

ECONOMIC TIMES

[I]  Gold imports dip 5.5% to $29.5 billion during Apr-Feb

[I]  Venezuela curbs: India may raise oil imports from Brazil, Mexico

[I]  Pakistan gets ahead of India to bag sugar export quota from China

[I]  Job changes in focus for better data on formal employment

[I]  PMSYM scheme: Government eyes over 1 crore enrolments by April end

 

BUSINESS STANDARD

[I]  Ministry seeks legal reform to ease transferring shares from firms to govt

[I]  M&A deal value drops 34% to $1.24 billion in February

[I]  US online fashion retailer gets Nair Ventures on board for India expansion

[I]  Belt and Road Initiative gives boost to Chinese outbound investments

[I]  Abu Dhabi aims to lure start-ups with investment in new technology hub

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11417;  USDINR DGCX: 69.5175;  DJIA Mini: 25465;  FTSE 100 Fut: 7099;  NIKKEI 225 Fut: 20920;  EUR-USD: 1.1297; Crude Oil (WTI): 58.41;  Gold (Spot): 1315

 

Best Regards, ARBIND
25 Mar 2019