MACRO ECONOMIC NEWS

PEOPLE ARE HAPPIER FOR YOUR HAPPINESS. WISHING A CHEERFUL DAY AHEAD.

Macro Economic News 29 Mar 2019

 

The U.S. economy finished the year on a softer note than previously estimated and new data shows corporate-profit growth stalled, pointing to weak momentum at the start of 2019. China is offering foreign technology firms better access to the country’s fast-growing cloud-computing market, according to people briefed on the matter, as Beijing fashions a compromise in a tech sector the U.S. wants opened as part of a trade deal. The number of Americans filing applications for new unemployment benefits declined last week. U.S. companies more than quadrupled the amount of foreign earnings they sent home in 2018 following enactment of a tax-law overhaul in late 2017.

 

FINANCIAL TIMES

[I]  Turkey burns through foreign reserves to shore up lira

[I]  US clamps down on investors in China surveillance group

[I]  May to ask MPs to pass Brexit divorce deal on Friday

[I]  German businesses set to shift operations out of UK

[I]  US and China resume their dance in latest trade talks

[I]  Beijing ramps up crackdown on labour activists

 

REUTERS

[I]  South Korea's factory output contracts sharply to two-year low as exports sag

[I]  Oil prices rise amid OPEC's ongoing supply cuts, U.S. sanctions

[I]  Japan manufacturing output rebounds, but broad economic pulse remains weak

[I]  At rally, Trump says Russia probe backers tried to steal power illegally

[I]  China thanks Kazakhstan for support on Xinjiang de-radicalisation scheme

[I]  Fed done raising interest rates; significant chance of cut in 2020: Reuters poll

[I]  Japan manufacturing output rebounds, but broad economic pulse remains weak

 

BLOOMBERG 

[I]  Global Investors May Spur Change in China’s $13 Trillion Debt Market

[I]  Hungry for Yield? China's State Giants Won't Deliver This Year

[I]  After Striking Out Twice, A Trader Makes Another Big Bet on Australia’s Rate Cut

[I]  The Palladium ‘Bubble Has Burst’ With Biggest Drop Since 2010

[I]  Seesaw Economy Takes Hold, And Most Aren’t Taking Any Chances

[I]  Mexico Keeps Key Interest Rate Steady

[I]  Wall Street's ‘Fear Gauge’ Defies Growth Panic Flashed in Bonds

 

WALL STREET JOURNAL

[I]  U.S. Economy Had Less Momentum Heading Into 2019 as Corporate Profits Stalled

[I]  Clarida Says Fed Must Pay Closer Attention to Global Growth Risks

[I]  Illinois Democrats Offer Relief From Deduction Cap, But Not Repeal

[I]  China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks

[I]  Floods Deal New Blow to Farm Belt

[I]  U.S. Jobless Claims Fell Last Week

[I]  Real Time Economics: The Economy May Look Worse Before It Looks Better

[I]  Fed in Good Place for Wait-and-See Monetary Policy, Official Says

[I]  Company Repatriations of Cash Surged, Then Moderated in 2018

 

BUSINESS LINE

[I]  Scorched earth: Drought rages after monsoons fail

[I]  Tourism players find their sweet spot in elections

[I]  Consumer credit growth driven by unsecured lending: CIBIL

[I]  India keen to re-start talks on trade package with the US

[I]  Automakers hit by double whammy of costlier inputs, rising dealer inventory

[I]  Used car market racing ahead with more organised players in the fray

[I]  Why G-Sec yield has moved in a narrow band

[I]  A/c opening: RBI relaxes forex norms for FPIs and FVCIs

 

ECONOMIC TIMES

[I]  Govt throws Rs 21,428 cr lifeline to five PSBs

[I]  Banks have a good news from bad loans front

[I]  Asian currencies trend lower on global growth worries

[I]  Finance Commission chief makes case for institutional mechanism to check fiscal deficit

[I]  PE, VC investment in India at USD 20.5 billion in 2018: Report

[I]  Direct tax collection falls short, CBDT raises alarm

[I]  Raghuram Rajan: Dissonance between GDP, employment numbers; need to restore historical trust in our data

 

BUSINESS STANDARD

[I]  India Inc's top line growth projected to halve in Q4, says CRISIL report

[I]  Online marketplace to quench global thirst for India's rich and dark coffee

[I]  Digital sectors can comprise 10% of GDP by 2025: McKinsey

[I]  From validity to route distance, govt relaxes norms for e-way bills

[I]  Home loan queries at finance firms down 7.9% in December quarter

[I]  Mutual funds see healthy inflows through equity NFOs in FY19: Report

[I]  No permissions, no angel tax: Rahul makes his business pitch for elections

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 11648;  USDINR DGCX: 69.4875;  DJIA Mini: 25780;  FTSE 100 Fut: 7182;  NIKKEI 225 Fut: 21161;  EUR-USD: 1.1228; Crude Oil (WTI): 59.56;  Gold (Spot): 1291

 

Best Regards, ARBIND
29 Mar 2019