MACRO ECONOMIC NEWS

WORLD WANTS TO SEE THE WAY YOU LAUGH, AGAIN AND AGAIN. WISHING A JOVIAL DAY AHEAD.

Macro Economic News 05 Mar 2019

                                                                                                                                                       

U.S. President Donald Trump intends to end India's preferential trade treatment under a program that allows $5.6 billion worth of Indian exports to enter the United States duty free. U.S. and European trade negotiators, under growing domestic pressure over agriculture, are set to meet again this week as clashing demands threaten to rekindle a tit-for-tat economic war. China and the U.S. are close to completing a trade deal. Bets on a pickup in inflation are falling out of favour, underscoring investors’ scepticism that the U.S. economy will be able to turn stronger after a soft start to the year.

 

FINANCIAL TIMES

[I]  Germany to strip dual-nationals who fight for Isis of citizenship

[I]  Turkey launches supermarket competition probe

[I]  US Senate numbers rise against Trump’s border emergency

[I]  US bullying stance to trade undermines WTO rule book

[I]  Activists push soya traders on Brazil deforestation

[I]  Oil group opposes carbon tax backed by biggest members

[I]  China, India and the rise of the ‘civilisation state’

[I]  India should look to Europe as its model for data privacy

[I]  UK territories need to embrace transparency

 

REUTERS

[I]  Trump plans to end India's preferential trade treatment

[I]  U.S., China 'on the cusp' of possible end to trade war - Pompeo

[I]  Asian shares retreat, China cuts growth target

[I]  China's defense budget rise to outpace economic growth target

[I]  China to slash taxes, boost lending to help slowing economy

[I]  China services growth eases to four-month low in further blow to economy: Caixin PMI

[I]  U.S. intends to end preferential trade treatment for Turkey

[I]  Japan plans rule change to encourage regional bank consolidation: Nikkei

[I]  Australia's economy may have stalled in fourth-quarter, outcome a close call

[I]  Exclusive: India needs land, labour reform to aid manufacturing - chief economic adviser

[I]  Risk appetite gives Asian junk bond sales record start to the year

[I]  UK shoppers slow their spending ahead of Brexit, some stockpile

 

BLOOMBERG 

[I]  Evidence Grows That Trump's Trade Wars Are Hitting U.S. Economy

[I]  Euro Could Plunge to $1.05 If Chinese Gloom Grows

[I]  China Plans $90 Billion Cut in VAT for Manufacturers

[I]  U.S. and China Near Deal That Could End Most U.S. Tariffs

[I]  U.S., U.K. Still Way Behind on Women's Equality in the Workplace

[I]  China VAT Cut, Debt Binge Looks Like MMT, U.S. Growth: Eco Day

 

WALL STREET JOURNAL

[I]  U.S. Push on Food Trade Pressures EU

[I]  U.S., China Close In on Trade Deal

[I]  Trump’s Effort to Narrow the Trade Gap Has Flopped So Far

[I]  Investors Scale Back Inflation Bets, Signaling Doubts About Growth

[I]  High-Speed Rail in the U.S. Remains Elusive: Illinois Shows Why

 

BUSINESS LINE

[I]  Study puts loss due to stubble-burning at Rs. 2 lakh crore

[I]  Labour MPs dub UK Govt’s £1.6-billion fund for regional development as ‘ Brexit bribery’

[I]  Banks see upsurge in rural credit growth

[I]  Unemployment is not an issue in India; wages are, says official

[I]  Jeera output seen up 9%, coriander down 24%

[I]  ISRO space education programme for school students

 

ECONOMIC TIMES

[I]  How bankruptcy code can help fix India's agrarian crisis

[I]  A new trend is taking companies by storm

[I]  The 4 biggest money mistakes women make

[I]  India Inc's foreign borrowing down 45% at $2.42 billion in Jan

[I]  China vows 'fundamental change' for foreign investors

[I]  The $22 billion spooking India's bond market

[I]  Employees are now doubling up as teachers

[I]  India's coffee exports rise 13 per cent in first 2-months of 2019

 

BUSINESS STANDARD

[I]  Govt likely to tweak IBC for cross-border cases, Bill after elections

[I]  After a decade of slump, investment in coal power may rebound, courtesy MP

[I]  Online gaming is on the rise in India; 72% play fantasy sports for fun

[I]  States improving on deficits but liabilities continue to rise: RBI data

[I]  Highways cancelled from road monetisation to be on bidding table again

[I]  Riding on new sops, Odisha hopes to lead peers in electronic investments

[I]  UP hikes wheat procurement target by 10% to 5.5 million tonnes

[I]  Employment rate falls in February 2019

[I]  India to get first jewellery park set on 21 acres at Navi Mumbai on Tuesday

[I]  China and India stumble into monetary leadership

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10839;  USDINR DGCX: 71.1450;  DJIA Mini: 25787;  FTSE 100 Fut: 7111;  NIKKEI 225 Fut: 21690;  EUR-USD: 1.1334; Crude Oil (WTI): 56.27;  Gold (Spot): 1288

 

Best Regards, ARBIND

05 Mar 2019