MACRO ECONOMIC NEWS

THE WORLD HAS EVOLVED BY HEART COLOURING HEARTS. WISHING A TRULY COLOURFUL WEEK AHEAD.

Macro Economic News 18 Mar 2019

                                                                                                                                                       

China’s spending spree during the global financial crisis helped pull the world economy out of recession. This time, Beijing’s stimulus might not pack the same punch. U.S. manufacturing output declined for the second consecutive month in February, a fresh sign that a long-predicted slowdown is hitting the U.S. economy. U.S. consumer sentiment rose at the beginning of March. A top European Central Bank official called for a review of the ECB’s strategy after its latest economic forecasts suggested it won’t hit its inflation target for years, underscoring that the goals of major central banks may be unattainable amid deep changes in the global economy.

 

FINANCIAL TIMES

[I]  May pins Brexit deal hopes on last-minute DUP talks

[I]  Boeing’s woes complicate US-China trade talks

[I]  South Sudan peace deal in jeopardy

[I]  ECB attacks EU plans for supervision of clearing houses

[I]  Wall Street cuts profit forecasts for US retailers

[I]  Baltic regulators fear foreign bank exodus

[I]  UK financial regulators are not as tough as they pretend

[I]  A long Brexit delay spells danger for the EU

 

REUTERS

[I]  Japan exports fall for third month on waning external demand, raises economic risks

[I]  Brexit spurs biggest cut in UK business investment in 10 years: BCC

[I]  Dollar licks wounds after soft data fans bets on dovish Fed

[I]  Saudi signals OPEC may need to extend oil cuts until end-2019

[I]  U.S. Fed looks to avoid crossed signals at policy meeting

[I]  Saudi energy minister says OPEC needs 'to stay the course' on supply cut pact

 

BLOOMBERG 

[I]  China Wants Its Stock, Bond Markets to Step Up Funding Role

[I]  Saudis Urge OPEC+ to Stick With Oil Cuts as Job Not Yet Done

[I]  London Leads Fall in Home Sales as Buyers Hold Breath for Brexit

[I]  Traders Push Yields Close to RBA's Cash Rate as Jobs Data Near

[I]  One Fed Hike, Capitalism: Adapt or Die, China's Funding: Eco Day

[I]  Emerging-Market Bonds Are Picking Up Steam

[I]  Pipeline Snag to Delay Israel Gas to Egypt for 3 Months

 

WALL STREET JOURNAL

[I]  As China Faces Slowdown, Stimulus Will Have Smaller Global Reach

[I]  Economy Week Ahead: Housing Data, the Federal Budget and More

[I]  Nashville’s Job Market Hits High Note

[I]  Manufacturing Pullback Flashes Signs of Economic Slowdown

[I]  U.S. Consumer Sentiment Improved in March

[I]  U.S. Job Openings Ticked Up to 7.58 Million in January

[I]  Fed Could Show Greater Confidence in Extended Rate Pause

[I]  ECB Official Calls for Fresh Look at Strategy, Tools

 

BUSINESS LINE

[I]  Steel firms seek clampdown on Iranian exports through UAE

[I]  UK to allow overseas students more time to work under post-study visa

[I]  Steel firms urge govt to clamp down on Iranian exports through UAE

[I]  There are unmistakable signs of the economy slowing down: Kaushik Basu

[I]  First half of current fiscal shows some signs of capex recovery: RBI study

[I]  India proposes pact with Africa to enhance bilateral trade

[I]  North India’s latent ‘demographic dividend’

 

ECONOMIC TIMES

[I]  Finance ministry asks banks to give preference to Indian firms for ATM procurement

[I]  India may push exports via G2G trade for food products

[I]  CAIT urges govt to probe Chinese goods imported via hawala route

[I]  67.82 lakh farmers miss benefits as states didn't upload details on the PM-KISAN portal

[I]  India to post Customs intelligence officers in China to check financial frauds

 

BUSINESS STANDARD

[I]  Hedgers line up to gain from crash in forwards after RBI's swap facility

[I]  Panel on cards to ensure no turf war among CCI, other regulators

[I]  Centre likely to hike import duty on consumer durables yet again

[I]  PSBs' wage negotiations stuck over IBA's performance-linked pay proposal

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11506;  USDINR DGCX: 69.3525;  DJIA Mini: 25846;  FTSE 100 Fut: 7150;  NIKKEI 225 Fut: 21525;  EUR-USD: 1.1325; Crude Oil (WTI): 58.31;  Gold (Spot): 1299

 

Best Regards, ARBIND
18 Mar 2019