MACRO ECONOMIC NEWS

BEING WATCHFUL FOR BLESSINGS ADDS TO RELATIONSHIP. WISHING A BLESSED DAY AHEAD.

Macro Economic News 11 Apr 2019

 

Federal Reserve officials signalled greater conviction at their meeting last month that they wouldn’t need to change interest rates this year. U.S. consumer prices rose in March, driven by a rise in volatile oil prices that masked moderate underlying price pressures. The U.S. and China have agreed on an enforcement mechanism for their potential trade deal, Treasury Secretary Steven Mnuchin said, signaling that the two sides have overcome one of the last hurdles toward reaching a broader pact. The U.S. budget gap widened in the first half of the fiscal year as spending rose faster than revenue, according to the Treasury Department.

 

FINANCIAL TIMES

[I]  France calls on northern Europe to boost spending

[I]  May ditches plan to bring Brexit bill back to Commons

[I]  Turkey vows to recapitalise state banks and tackle bad debts

[I]  Corporate debt risks amplifying economic fragility, says IMF

[I]  ECB vows to hold rates until ‘at least’ the end of 2019

[I]  Bank CEOs quizzed on Russian money laundering

 

REUTERS

[I]  Merkel says October deadline gives best chance for orderly Brexit

[I]  France's Macron stands by tough stance on shorter Brexit delay

[I]  No sign yet of Trump's tax returns, increasing likelihood of court fight

[I]  U.S.-China trade war is rerouting U.S. import flows: report

[I]  U.S. consumer prices rise solidly, but underlying trend tame

[I]  UK economy grows as pre-Brexit stockpiling lifts factories

 

BLOOMBERG 

[I]  China's Property Market Is Feeling the Stimulus Effect

[I]  Brexit Delayed to End of October in Bid to Avoid No-Deal Split

[I]  U.S. Budget Deficit Widens to $691 Billion in First Half of 2019

[I]  Fed Officials Can't Agree How Big U.S. Bank Reserves Should Be

[I]  Kuroda Foe Says Japan Will Prove Modern Monetary Theory a Mistake

[I]  Carney Is Hoping for the Best, Preparing for the Worst on Brexit

[I]  House Prices in London, Southeast U.K. Forecast to Keep Falling

[I]  As World's Largest Democracy Votes, Here's Where Markets Stand

 

WALL STREET JOURNAL

[I]  Fed Minutes: Little Need Seen to Change Interest Rates This Year

[I]  Janet Yellen Offers a Warning to Trump’s Latest Central Bank Picks

[I]  U.S. Inflation Stayed Tame in March

[I]  U.S., China Reach Accord on Trade-Deal Enforcement, Mnuchin Says

[I]  It’s Up To the Senate Whether the Fed Is Politicized

[I]  U.S. Budget Deficit Grew 15% in First Half of Fiscal 2019

 

BUSINESS LINE

[I]  Growth in steel demand to slow to 7.2%

[I]  FDI in pension sector: PFRDA plans to frame guidelines on investment norms

[I]  Analysts expect finance, consumption companies to report robust earnings

[I]  World copper market looking for direction amid uncertainties

 

ECONOMIC TIMES

[I]  Asian currencies find fresh trade war front too hot to handle

Sebi revises charges related to basic services demat account

[I]  Protectionism, commodity prices, inadequate liquidity are major challenges for exporters: FIEO

[I]  View: India needs a new consensus on growth and opportunity

[I]  Raghuram Rajan's to-do list for the next government of India

[I]  Some reforms in India show benefits of digitalisation: IMF

 

BUSINESS STANDARD

[I]  I-T crackdown: Over 100,000, mostly HNIs, come under lens for AY12-13

[I]  PE funds, hospital groups eye regional chains with a sizable footprint

[I]  Carmakers hit the slow lane in FY19; market share gains remained elusive

[I]  IMF flags concern over India's high stock of bad bank loans

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11669;  USDINR DGCX: 69.3900;  DJIA Mini: 26193;  FTSE 100 Fut: 7354;  NIKKEI 225 Fut: 21693;  EUR-USD: 1.1276; Crude Oil (WTI): 64.40;  Gold (Spot): 1307

 

Best Regards, ARBIND
11 Apr 2019