MACRO ECONOMIC NEWS

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Macro Economic News 09 Mar 2019

                                                                                                                                                       

Reports showed the slowest U.S. hiring in more than a year, a slump in Chinese exports and an unexpected decline in German factory orders. With economies already undershooting expectations by the most since 2013 and the OECD slashing its forecasts, worries are mounting that the recent slowdown will last for longer, although recession fears for now remain limited. The soft patch puts the U.S. and China under pressure to settle their trade war, which has bludgeoned sentiment, and leaves central banks needing to keep monetary policy looser than they were planning into this year. The trends in the global economy have certainly concerned markets.

 

FINANCIAL TIMES

[I]  US hiring comes near to a halt in February

[I]  Gender bias in data affect health and wealth

[I]  The ECB is attempting to get ahead of events

[I]  The rise of private sales at auction houses

 

REUTERS

[I]  Colombia to allow Venezuelans to enter on expired passports

[I]  Trump team has no plan to go to China for trade talks - official

[I]  Indian gold flips to premium as appetite improves in most hubs

[I]  Inflation likely picked up in Feb, but well below RBI target: Reuters poll

[I]  Wall Street's oldest-ever bull market turns ten years old

[I]  Share of foreign investors in Indian public debt down to 3.6 percent: government

 

BLOOMBERG 

[I]  Gets a Reality Check From Slow Growth

[I]  The World Economy Just Had a Rough Week

[I]  U.S. Payrolls Shock Suggests Dawn of a Long-Forecast Slowdown

[I]  The Losing Streak for Plane, Train and Truck Stocks Is Getting Historic

[I]  Rebuilding Trade Trust between the U.S. and EU

[I]  Canada Makes a Tiny Dent in Its Oil Dependence on America

 

WALL STREET JOURNAL

[I]  Hiring Taps Brakes on Expansion

[I]  U.S. Hiring Slows Sharply in February

[I]  February’s Hiring Chill Will Make the Fed Even More Patient

[I]  How Hot Is Your City’s Job Market?

[I]  U.S. Housing Starts Jumped in January

[I]  U.S.-China Trade Talks Hit a Bump

[I]  Productivity Growth Shows Signs of Long-Awaited Strength

 

BUSINESS LINE

[I]  Home buyers turn white knights for real estate developers

[I]  Govt on course to meet fiscal deficit target for 2018-19: Garg

[I]  E-commerce, consumer internet companies raised $7 billion in PE/VC capital in 2018: EY report

[I]  Japan throws open doors of manufacturing, healthcare sectors for Indian firms

[I]  Reservoir storage levels dip to 36% of capacity

[I]  PFRDA wants PE industry to pitch for govt pension monies

 

ECONOMIC TIMES

[I]  Forex reserve soars past $400 billion again

[I]  Share of FPIs in Indian public debt down at 3.6%

[I]  Total government liabilities rise to Rs 83.4 lakh crore in Q3: Finance Ministry report

[I]  Government expects further fall in GST revenues, struggles on direct tax mop-up

[I]  Government expects 1 crore enrollment for new pension scheme by end March

[I]  What India's top women economists predict for 2019

[I]  Promotional offers & free samples won’t attract GST

 

BUSINESS STANDARD

[I]  SBI to link saving deposits, loan pricing to repo rate from May 1

[I]  February car sales down 1.11% on high interest rates, cost of insurance

[I]  Private pharmacy chains warming up to unbranded generic medicines

[I]  No need to pay GST on tax at source on purchase of goods, says govt

[I]  MF equity flows fall for fourth month in February, now at Rs 5,122 crore

[I]  China's GDP growth pace was inflated for nine years, study finds

 

Best Regards, ARBIND
09 Mar 2019