MACRO ECONOMIC NEWS

SMILE IS THE GREATEST GIFT. WISHING A CHEERFUL WEEKEND WITH SMILE.

Macro Economic News 30 Mar 2019

 

India’s trade ministry has proposed that the government delays by a month the imposition of retaliatory tariffs on some U.S. goods that were due to go into effect from April 1. Indian Trade deficit pushes CAD to 2.5 per cent of GDP in Q3 while India's April-February fiscal deficit at 134% of FY target. A key measure of U.S. inflation fell in January to its slowest pace since 2016.  U.S. and Chinese trade negotiators haggled over how to get Beijing to walk back China’s tough cybersecurity law as both sides push to settle a yearlong tariff fight. Sales of new homes ramped up at the start of 2019. Consumers’ outlook on the U.S. economy improved in March. The Canadian economy expanded in January, beating expectations.

 

FINANCIAL TIMES

[I]  MPs deliver ‘Brexit Day’ blow to May

[I]  Venezuelan president tightens grip on media

[I]  Turkey vows to plough ahead with buying Russian air defence system

[I]  Germany extends arms embargo against Saudi Arabia

[I]  EU looks for May’s plan B ahead of April 10 summit

[I]  May running out of options after third Brexit defeat

[I]  May confronts Brexit choices she hoped never to face

 

REUTERS

[I]  India trade ministry proposes delay in tariffs on U.S. goods

[I]  India Oct-Dec current account gap, balance of payments weaken on-year

[I]  Australia to boost national security funding by $400 million - newspaper

[I]  U.S. investors seek comfort in flood of data

[I]  Euro zone inaction leaves ECB to step into the breach again

[I]  Argentine lawmakers seek greater oversight of Chinese space facility in Patagonia

[I]  White House calls for Fed to reverse U.S. rate hikes

[I]  Trade hopes lift Wall Street; S&P 500 notches best quarter since 2009

[I]  White House warns Russia over troops in Venezuela, threatens sanctions

[I]  U.S., China report progress in Beijing trade talks

[I]  U.S. consumer spending soft, inflation benign as economy slows

[I]  Turkish lira weakens again after rocky pre-election week

 

BLOOMBERG 

[I]  Trump Scolds the Fed Over ‘Mistakenly Raised Interest Rates’

[I]  U.K. Edges Closer to Election After May's Brexit Deal Rejected

[I]  Texas Oil Production Falls for the First Time in a Year

[I]  China Touts Progress With U.S. as Both Focus on a Final Deal

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

[I]  Commodities’ Best Quarter Since 2016 May Be Tough Act to Follow

[I]  Fed Boost, Rate Rally Spur BBB Borrowers to Primary Market

[I]  Never Mind the Inverted Yield Curve, Canadian Assets Are Soaring

 

WALL STREET JOURNAL

[I]  U.S. Inflation Gauge Slid in January

[I]  Consumers’ Cautious Start to 2019 Trims Expectations for Growth

[I]  U.S. Trade Negotiators Take Aim at China’s Cybersecurity Law

[I]  Stephen Moore’s Unusual Route to the Fed

[I]  Sales of New Homes Surge After Stagnating for Months

[I]  Consumer Sentiment Improved in March

[I]  White House Pushes Fed to Cut Interest Rates

[I]  Canadian Economy Expanded 0.3% In January

 

BUSINESS LINE

[I]  Govt leaves interest rate on small-saving schemes unchanged

[I]  To plug charging infrastructure gap, e-scooter manufacturers turn to detachable batteries

[I]  India wants EU to relax sampling norms, reduce clearance time for fish exports

[I]  While businesses recognise the value of data, protection still a challenge: Research

 

ECONOMIC TIMES

[I]  Low inflation numbers could be deceiving

[I]  Oil is getting ready to sprint, but demand headwinds loom

[I]  Forex reserve continues to swell, hits $406.7 billion

[I]  RBI’s liquidity move, dollar swap keep short-term rates in check

[I]  RBI sets NBFC-MFIs' average base rate at 9.21% for April-June

[I]  Trade deficit pushes CAD to 2.5 per cent of GDP in Q3

[I]  CBDT asks I-T Department to probe about 3 lakh de-registered firms for money laundering

[I]  Falling inflation? Numbers from states don't say so: HDFC Bank

[I]  Falling household savings can widen CAD, lead to higher rates: India Ratings

 

BUSINESS STANDARD

[I]  Draft e-commerce policy set for overhaul, online players submit objections

[I]  Private equity investments in real estate gain traction, says report

[I]  India's April-February fiscal deficit at 134% of FY target: Govt data

[I]  Technology can displace, transform 45m jobs globally by 2025: Report

[I]  India approves new coal projects amid a shrinking global pool

[I]  Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

[I]  Sebi wants safety-first, contingency plans in place for MF investors

 

Best Regards, ARBIND

30 Mar 2019