MACRO ECONOMIC NEWS

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Macro Economic News 22 Mar 2019

India bursts with colour in celebration of Holi. Abrupt changes in the policies of the world’s largest central banks have rippled through smaller economies, leaving them with the prospect of low and even negative interest rates for years to come despite having mostly healthy economies.  The number of Americans filing applications for new unemployment benefits fell last week, showing the labor market’s strength. With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.

 

FINANCIAL TIMES

[I]  Why would Italy endorse China’s Belt and Road Initiative?

[I]  Trump endorses Israeli sovereignty over Golan Heights

[I]  Seoul risks rift with US over North Korean industrial zone

[I]  EU sets Brexit cut-off dates as UK faces ‘national emergency’

[I]  Delhi drives push for electric vehicles in India

REUTERS

[I]  Climate change's fingerprints are on U.S. Midwest floods: scientists

[I]  The Fed is prodding Americans to buy more on credit

[I]  U.S. announces first new North Korea sanctions since failed summit

[I]  Key U.S. interest rate breaks critical level before Fed move

[I]  Wall Street powers world stocks; dollar up on Brexit woes

[I]  EU considers options for Brexit delay: May 7, year-end or open-ended, diplomats say

[I]  Bank of England to set new rules on climate risk: Carney

[I]  U.S. labour market solid; manufacturing sector slowing

[I]  Bank of England keeps rates on hold as businesses brace for no-deal Brexit

BLOOMBERG 

[I]  EU Mulls Move to Stop No-Deal Exit Next Week: Brexit Update

[I]  Pound Plunges as Traders Confront Possibility of No-Deal Brexit

[I]  BOE Says More Firms Trigger Brexit Plans as Rate Left Unchanged

[I]  Oil Riches Put Norway on Divergent Path Toward Higher Rates

[I]  Bond Traders Turn Eyes to What May Happen After Curve Inversion

WALL STREET JOURNAL

[I]  A Central Banking Domino Effect Is in Motion

[I]  Fed Signals Rates Will Stay Steady Amid Growth Fears

[I]  U.S. Jobless Claims Declined in Mid-March

[I]  Trump Signals U.S. to Keep Tariffs on China After Deal

[I]  Measure of U.S. Innovation Jumped in 2018

[I]  Real Time Economics: With the Fed On Hold, Is It Time to Worry About the Economy?

BUSINESS LINE

[I]  (Not Updated)

ECONOMIC TIMES

[I]  RBI likely to change disclosure norms for bonds

[I]  US-China trade deal holds key to higher oil prices

[I]  Oil holds near 2019 peak as global supplies tighten

[I]  Ties with China: Striking a balance between business and politics

[I]  3 years after launch, New Delhi Municipal Council smart city work in progress

[I]  View: Some ways to understand the RBI's dollar-rupee swap move

[I]  Indoensia puts meat into Indo-Pacific agenda; launches South Pacific Forum

BUSINESS STANDARD

[I]  RBI's bond buys in current fiscal year can be inflationary, say economists

[I]  Private power players want Trade Receivables Discount System

[I]  GST Council's plan for real estate sector may not find many takers

[I]  Poultry prices surge by up to 50% on rising demand, lower production

[I]  Sharp rally in resource commodities in 2019 on hopes of China demand

[I]  Italy enjoys a rare moment of banking bliss

[I]  Indian Railways may miss 6,000-km electrification target for this year

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: --;  USDINR DGCX: 69.0650;  DJIA Mini: 25962;  FTSE 100 Fut: 7285;  NIKKEI 225 Fut: 21250;  EUR-USD: 1.1374; Crude Oil (WTI): 59.98;  Gold (Spot): 1309

Best Regards, ARBIND
22 Mar 2019