MACRO ECONOMIC NEWS

A LITTLE SMILE, A LITTLE FUN, A LITTLE LOVE AND A LITTLE LIFE. WISHING AN AFFECTIONATE WARM WEEKEND AHEAD.

Macro Economic News 13 Apr 2019

 

Global stocks rose as signs of stabilization in China's economy helped riskier assets amid talk that the growth outlook worldwide is better than thought. The idea of a second Brexit referendum is very likely to be put before Britain's parliament again although the government remains opposed to any new plebiscite. Consumers’ outlook on the U.S. economy worsened in April, as a survey suggested the impact of tax cuts has now run its course for American households. The European Union is preparing tariffs on $12 billion of U.S. products. Kim Jong Un’s regime outlined plans to increase government spending on science, technology and infrastructure, despite sanctions that have bruised the cash-strapped nation’s economy. Economists expect that raising the federal minimum wage, even by a relatively small amount, would lead to job losses. The Office of Management and Budget is seeking comment on the possibility of slashing a decades-old rule that prevents U.S. officials from making public statements about key government economic reports until one hour after their release.

 

FINANCIAL TIMES

[I]  Japan’s population decline accelerates despite record immigration

[I]  Extinction Rebellion: inside the new climate resistance

[I]  Shenzhen joins top five cities with most expensive housing

[I]  Malaysia to resume China-built Belt and Road rail project

[I]  China to include businesses in credit score database plan

[I]  US bank chiefs veer from financial to political problems

[I]  UK satellite sector grounded by financial realities

 

REUTERS

[I]  India March inflation picks up slightly, June rate cut still seen

[I]  Chill in global economy prompts G20 call for trade truce

[I]  Kuroda brushes aside view BOJ has run out of tools to ease monetary policy

[I]  North Korea's Kim Jong Un gives U.S. to year-end to become more flexible

[I]  Global markets: China data, JPMorgan results lift stocks, riskier assets

[I]  UK parliament very likely to consider new Brexit referendum: Hammond

[I]  India shifts to net steel importer in 2018/19, first time in three years

[I]  Euro zone industry output falls by less than expected in mild February

 

BLOOMBERG 

[I]  The End of Fed Debt Unwind Is Set. So Treasury's Looking at What's Next

[I]  Growth Stocks Haven't Been This Expensive Since the Dot-Com Peak

[I]  What India's Top Three Mutual Funds Bought and Sold in March

[I]  Oil Bullishness Is at 2019 High as Rally Shows Signs of Sticking

[I]  IMF Warns of Potential Downside Risks From China-U.S. Trade Deal

[I]  ECB Officials Give Tentative Welcome to Negative Rate Review

 

WALL STREET JOURNAL

[I]  Interview Transcripts Tell Story of Fed Over Past 50 Years

[I]  U.S. Consumer Sentiment Drops as Tax-Cut Boost Fades

[I]  EU Prepares Tariffs Against U.S. Amid WTO Battle

[I]  North Korea Offers Rare Glimpse of Its Financial Picture

[I]  Raising Minimum Wage Would Cost Jobs, Say Economists in WSJ Survey

[I]  OMB Proposes Eliminating Waiting Period for Comments on Economic Reports

[I]  Real Time Economics: High Times, Trade Truces and Fed Independence

 

BUSINESS LINE

[I]  Industry growth slows to 0.1% in Feb; retail inflation up at 2.86% in March

[I]  Investor protection is in no party’s manifesto

[I]  CMFRI signs pact with ISRO to map, save coastal wetlands

[I]  Weak demand drags pulses

[I]  Banks need ‘systemic reforms’: Venkaiah Naidu

 

ECONOMIC TIMES

[I]  Forex reserve swells by $1.87 billion to $413.8 billion

[I]  $12 billion bond sale fizzles as sell-off extends

[I]  Direct tax target may be scaled down in Budget

[I]  A steel slump gives India a whole new area to worry about

[I]  February IIP growth drops to 20-month low of 0.1%; CPI inflation at 2.86% in March

[I]  Retail inflation edges up to 2.86% in March on costlier food articles

[I]  IIP growth slows to 0.1% in February, CPI for March at 2.86%

[I]  No advance ruling for subsidiaries in India?

 

BUSINESS STANDARD

[I]  Govt's infrastructure push sees a demand shift in the cement sector

[I]  Election Commission directs OMCs to halt allocation of petrol pumps

[I]  RBI should not cut its policy interest rate any further, says IMF

[I]  At 2.86%, CPI inflation at 5-month high in March on high food prices

[I]  At 0.1%, India's industrial growth falls to 20-month low in February

[I]  Unutilised defence budget mustn't go to consolidated fund: Sitharaman

[I]  Forex reserves swell by $1.87 billion to $413.8 billion: RBI data

[I]  First weekly decline for indices in 2 months as investors turn cautious

 

Best Regards, ARBIND
13 Apr 2019