MACRO ECONOMIC NEWS

THANK YOU UNIVERSE TO COLOUR THE ENTIRE CREATION SO BEAUTIFULLY. MAY THIS DAY ADDS ONE MORE SHADE TO THE LIFE.

Macro Economic News 13 Mar 2019

                                                                                                                                                     

China’s big default scares are giving bond investors whiplash. British lawmakers rejected Theresa May’s Brexit divorce deal for a second time, making a delay in scheduled March 29 departure from the EU. A carefully calibrated proposal by a U.K. government-appointed panel looks to contain big tech’s threat to competition while keeping the government’s hand on the industry and the internet as light as possible. The White House is weighing a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans. U.S. consumer prices rose in February as energy and food prices picked up, although the broader trend suggested inflationary pressures remain tame.

 

FINANCIAL TIMES

[I]  US accuses rich parents of bribing colleges over admissions

[I]  Eurosceptics read last rites over Brexit deal

[I]  Brussels ramps up criticism of China’s strategy in EU

[I]  Recent price rises fail to boost Japan inflation

[I]  US business threatens to stay away from Russian forum

[I]  Green QE can apply to the Bank of England too

 

REUTERS

[I]  Britain in Brexit chaos - parliament crushes May's EU deal again

[I]  Pound fragile after May's Brexit defeat, more gyrations expected

[I]  Japan's core machinery orders point to more investment weakness

[I]  Expert Views: India's retail inflation picks up in February to 2.57 percent

[I]  Party on - Real estate booms in cradle of China's Communist revolution

[I]  Pakistan to offer gas fields to foreign explorers, investors - official

 

BLOOMBERG 

[I]  U.S. Keeps China Tariff Threat Open as Talks Near Final Stage

[I]  Hong Kong Peg Defense Reaches $692 Million as Weakness Persists

[I]  China's World-Beating Stock Rally Leaves Hong Kong in the Dust

[I]  History Suggests a Boost May Be Coming for Philippine and Indonesian Stocks

[I]  Australia Consumer Sentiment Drops as Weak GDP Spooks Households

[I]  Pound Holds Losses as U.K. Parliament Rejects Revised May Deal

 

WALL STREET JOURNAL

[I]  White House Might Put Colleges on the Hook for Student Loans

[I]  U.S. Workers Gain From Rising Wages, Low Inflation

[I]  In Britain, a Middle Way for Reining In Big Tech

[I]  U.K. Parliament Votes Down May’s Brexit Deal

[I]  U.S.-China Trade Deal Is Getting Closer, Lighthizer Says

[I]  Momentum Slips for Auto Tariffs

 

BUSINESS LINE

[I]  Mid-level IT employees staring at another round of pink slips

[I]  Gold coins for free distribution may not qualify for input tax credit

[I]  WTO: India pushes for simpler qualification, licensing norms for foreign workers

[I]  High temperatures in South may abate later this month

[I]  RBI to go ahead with policy review despite Model Code of Conduct being in place

[I]  Rising oil prices, liquidity squeeze at banks will hit economic growth in FY20: CARE

 

ECONOMIC TIMES

[I]  Sebi revises disclosure requirements for significant beneficial ownership

[I]  March sugar sales come to a standstill on overselling

[I]  Rupee spurts to 2-month high on FPI inflows

[I]  India to push for strict source country norms in FTA with Peru

[I]  IIP slows to 1.7% in January 2019, 2.57% inflation at 3-month high in February

[I]  Factory output drags, inflation hits a 3-month high of 2.57 per cent in February

[I]  Raghuram Rajan says capitalism is 'under serious threat' as it has stopped providing for many

 

BUSINESS STANDARD

[I]  Drug regulator recovers just 14% dues from pharma firms in 21 years

[I]  Shrinking the size of lenders' consortium might be helpful, say infra firms

[I]  Media & entertainment sector to hit Rs 2 trillion by 2021, says report

[I]  National broadcast policy on the cards, says MIB secretary Amit Khare

[I]  India's top 7 cities saw apartment sizes shrink by 17% in 5 years: Report

[I]  Mining waste is an environmental time bomb and the industry its creator

[I]  Whistleblowers to get EU-wide protection when reporting crimes

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 11384;  USDINR DGCX: 69.6625;  DJIA Mini: 25514;  FTSE 100 Fut: 7131;  NIKKEI 225 Fut: 21244;  EUR-USD: 1.1288; Crude Oil (WTI): 57.06;  Gold (Spot): 1305

 

Best Regards, ARBIND
13 Mar 2019