MACRO ECONOMIC NEWS

WE ALL NATURALLY PREFER LIVING COLOURFUL. WISHING THIS DAY BRINGS A BOX OF CRAYONS.

Macro Economic News 19 Mar 2019

                                                                                                                                                       

Federal Reserve officials aren’t quite sure what to do about their dots. Most of them see the dot plot of individual projections for interest rates as a valuable tool, but it has increasingly contributed to investor confusion. U.S. semiconductor companies want no part of any trade deal that calls for stepped-up purchases from China, worried that would give Beijing more control over their industry. Female economists say they have been discriminated against and, in some cases, sexually assaulted by their colleagues, according to a survey by the American Economic Association. 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.

 

FINANCIAL TIMES

[I]  Brazil’s ‘Tropical Trump’ to reset ties with White House visit

[I]  Momentum builds for German bank merger

[I]  Germany on course to miss defence spending target

[I]  France warns EU against rushing into US trade talks

[I]  China hits back at EU over ‘systemic rival’ warning

[I]  China shadow banking cools for first time in a decade

 

REUTERS

[I]  Dollar weaker on dovish Fed bets, sterling seesaws

[I]  Oil prices hover near 2019 highs as OPEC supply cuts support

[I]  Kabul's expanding foreigner 'bubble' trades safety for isolation

[I]  China's Xi urges teachers of political courses to tackle 'false ideas'

[I]  India's palm oil imports could jump to record as prices fall: analyst

[I]  UK reaches post-Brexit trade agreement with Iceland and Norway

 

BLOOMBERG 

[I]  Speaker Wrecks Theresa May’s Brexit Plan by Banning Another Vote on Deal

[I]  Brazil Stocks Hit New All-Time High

[I]  Australian Housing Slide Deepens as RBA Worries About Consumers

[I]  Hong Kong Currency Intervention Nears $1 Billion

[I]  Trade Talks, Europe on Mend, Gender Discrimination: Eco Day

[I]  These Risky U.S. Loans Are Adored by Japanese Investors

[I]  Biggest Trading in Copper Options Ever Signals Supply Troubles

[I]  Texas Power Prices Surge 700% on a Chilly Morning in Dallas

 

WALL STREET JOURNAL

[I]  Fed Officials Wrestle With a ‘Dot Plot’ Dilemma

[I]  U.S. Chip Makers Fear Trap in a Trade Deal With China

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

[I]  Female Economists, in Survey, Cite Gender Discrimination

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

[I]  Manufacturing Pullback Flashes Signs of Economic Slowdown

 

BUSINESS LINE

[I]  Against the grain: In some parts of Maharashtra, women get dowry

[I]  Proposed new industrial policy on the back-burner

[I]  Institutional investors may swing either way, say analysts

[I]  India to renew essential commodities quota for Maldives from April 1

[I]  Rise of contract labour — facts and myths

[I]  Tight liquidity in domestic market sees MFIs raising $53 m via ECB in FY19

[I]  Rupee retains momentum on ‘strong’ foreign money inflow

 

ECONOMIC TIMES

[I]  Learning real ways to drive growth in change

[I]  India needs farm revolution to attain 9-10% GDP growth: Amitabh Kant

[I]  North east spice growers visit Kerala to gain more expertise in the field

[I]  Net direct tax collection crosses Rs 10 lakh crore mark

[I]  CVC finds many flaws in sale of bad debt by banks

[I]  NITI Aayog suggests raising monthly training stipend to Rs 5,000

[I]  Govt committed to maintain credibility of statistical organisations, says senior official

[I]  5-fold jump in incentive to central government staff for acquiring higher qualifications while in job

 

BUSINESS STANDARD

[I]  Competition Commission ill-equipped to handle intricacies of digital mkts

[I]  Housing GST rule must be changed, says West Bengal FM Amit Mitra

[I]  Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax

[I]  GST Council may discuss new rate structure on under-construction houses

[I]  Centre extends soft loan window by 4 weeks for beleaguered sugar mills

[I]  In duty drawback, a readymade short-term gain for SMEs: CRISIL

[I]  India staring at severe water crisis, among worst in the world: Research

[I]  UK Speaker rules out third vote on PM Theresa May's Brexit deal

[I]  BS-VI cars to be costlier by 3-7 %, two-wheelers by 10-15%

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11524;  USDINR DGCX: 68.9325;  DJIA Mini: 255998;  FTSE 100 Fut: 7206;  NIKKEI 225 Fut: 21528;  EUR-USD: 1.1343; Crude Oil (WTI): 59.10;  Gold (Spot): 1307

 

Best Regards, ARBIND
19 Mar 2019