MACRO ECONOMIC NEWS

SMILE; HAPPINESS LOOKS AMAZING ON YOU. WISHING AN INCREDIBLE WEEK AHEAD.

Macro Economic News 04 Mar 2019

                                                                                                                                                       

The clock starts ticking to reach a deal to raise the federal borrowing limit, or debt ceiling, before the government runs out of money to pay its bills sometime this fall. More Americans Are Back at Work Making Stuff. Income softened in January, driven by a sharp dive in both dividend and proprietors’ income. Inflation fell short of the Federal Reserve’s 2% target in 2018 for a seventh consecutive year. The Labor Department is expected to propose a rule that sets a higher bar for when an employee could have claims against two employers, potentially addressing a policy priority for business groups.

 

FINANCIAL TIMES

[I]  US discussing emergency economic aid for Venezuela

[I]  Basel committee calls for new checks on bank loans

[I]  China bureaucrats tighten belts before annual Congress

[I]  Portugal PM warns on EU protectionism over China investment screening

[I]  Spending masks questions over China’s military capability

[I]  Bumper pay rise for German public sector workers

[I]  The allure of financial tricks is fading

 

REUTERS

[I]  BOJ will debate exit plan for easy policy at appropriate time: Kuroda

[I]  Oil firms as U.S.-China trade deal appears close

[I]  Australia planning to import LNG: What's next? Coals to Newcastle?

[I]  U.S. and China could reach trade deal at summit around March 27: WSJ

[I]  British PM May promises 1.6 billion pound fund for Brexit-backing towns

[I]  EU offering long Brexit delay "not possible" - trade minister Fox

[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]  The Yen Is Still Sliding, Despite the Bulls

[I]  Washington and Beijing Are Near Deal That Could End Most U.S. Tariffs on China

[I]  Where to Invest $1 Million Right Now

[I]  As Trade War Bites, Indonesia Chases Deals to Rejuvenate Exports

[I]  Oil Slump Catches Funds Off Guard in Longest Bull Run Since 2012

[I]  Japan Price Barometer Points to Deflation Risk This Summer

[I]  U.S.-China Deal, Dollar Strength, Aussie Credit Squeeze: Eco Day

[I]  Yuan Strength Seen Ebbing as Economy Woes Eclipse Trade Progress

[I]  Heady Time for Dollar as Questions Swirl on Strength, Volatility

 

WALL STREET JOURNAL

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

[I]  Trump’s Effort to Narrow the Trade Gap Has Flopped So Far

[I]  Personal Income Cooled in January

[I]  Inflation Fell Below Fed Target in 2018

[I]  Congress Faces Fall Deadline to Address Debt Ceiling

[I]  Economy Week Ahead: Trade Data, Beige Book and Jobs Report

[I]  Labor Department Set to Propose Rule on Joint Employment

 

BUSINESS LINE

[I]  Earning less than Rs. 15,000/month? SC ruling on PF contribution may dent your take-home

[I]  Financial health of States improving this fiscal: RBI

[I]  WTO: India insists on flexibilities in negotiations on fisheries subsidies

[I]  Oil exploration will remain a challenge for govts

[I]  Understanding India’s labour pain

[I]  Sustaining high growth with low inflation

 

ECONOMIC TIMES

[I]  PMS fast emerging as investors’ first choice for alpha generation

[I]  FPI inflows into equities hit 15-month high of Rs 17,220 crore in Feb

[I]  China’s stock market about to see $46 billion inflow

[I]  Politics, US-China trade talks among 7 factors that may guide market next week

[I]  Crude oil drop catches funds off guard in longest rally since 2012

[I]  369 infrastructure projects under implementation facing cost overruns: Report

[I]  Global ecommerce talks strike at roots of WTO, says India

[I]  Government plans skill vouchers to make youth more skilful

 

BUSINESS STANDARD

[I]  Domestic retail investors take 30% hit as equity markets decline

[I]  India a very high-tariff nation, says Donald Trump; seeks reciprocal tax

[I]  Personalisation drives the trend for subscription-led consumption

[I]  Giving confidence to whistleblowers to ensure better corporate governance

[I]  Statsguru: Economic growth slows to 6-quarter low of 6.6% in Q3FY19

[I]  States with low tax mop-up in value-added tax regime get GST boost

[I]  Winter rain likely to hit rabi crops, but only in isolated pockets

[I]  PSBs likely to go on a fundraising spree to reduce govt shareholding

[I]  Banks still need to lend Rs 1 trillion to meet FY19 Mudra target: Govt data

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10883;  USDINR DGCX: 71.2550;  DJIA Mini: 26137;  FTSE 100 Fut: 7121;  NIKKEI 225 Fut: 21754;  EUR-USD: 1.1369; Crude Oil (WTI): 56.12;  Gold (Spot): 1296

 

Best Regards, ARBIND

04 Mar 2019