MACRO ECONOMIC NEWS

GOOD TO GREATNESS OFTEN LASTS TILL SATURDAY. WISHING A GREAT WEEKEND AHEAD.

Macro Economic News 20 Apr 2019

 

A gauge of U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction. The potential economic impact of a new trade agreement with Mexico and Canada is becoming the subject of a debate in Washington, as the Trump administration seeks to have Congress ratify the agreement. About one in 10 U.S. counties grew in the fiscal year that ended last June primarily because of immigration—a significant increase from 2011—showing how new arrivals are shaping the nation as the population ages and the birthrate slows, new census figures show.

 

FINANCIAL TIMES

[I]  CEOs bet on US pot legalisation within a year

[I]  Juncker questions UK staying in single market

[I]  Germans switch to stock market in search of returns

[I]  Nomura chief warns of severe job cuts in London

[I]  Brexit Britain must avoid self-pity and revenge

[I]  Venture capital’s fate may be written in the stars

 

REUTERS

[I]  Hundreds of thousands back on Algeria's streets, demanding radical reform

[I]  India rice rates dip as demand slows, Bangladesh to review export ban

[I]  Japan officials quash speculation sales tax hike may be delayed

[I]  Russia: U.S. is brazenly meddling in Nord Stream 2 gas project

[I]  New North American trade deal would boost U.S. economy, U.S. commission finds

[I]  U.S. envoy 'disappointed' by collapse of inter-Afghan peace meeting

 

BLOOMBERG 

[I]  Some Better-Than-Expected China Data Can’t Save the World Economy

[I]  BOJ Surprises With Cut to Bond Purchases Ahead of Japan Holidays

[I]  China's Far From Done With Coal as Regulator Eases New Plant Ban

[I]  Inverted Yield Curve Is Waning as a Recession Gauge, BofA Says

[I]  U.S. Housing Starts Fall in March to Weakest Pace Since 2017

[I]  Russia Says It Received Debt Payment From Venezuela on Time

[I]  German Regulator Ends Controversial Ban on Wirecard Short Sales

[I]  Thailand Considers Steps to Stimulate Growth

 

WALL STREET JOURNAL

[I]  U.S. Home Building, Permits Fell Last Month

[I]  Debate Grows Over Likely Effects of Trump’s North American Trade Deal

[I]  Fed’s Kaplan Says U.S. Growth Isn’t Likely to Change His Stance on Rates

[I]  Consumer Spending Rebounded in March

[I]  Immigrants Propel Population Growth in 10% of U.S. Counties

 

BUSINESS LINE

[I]  Bankers hope for less pain as RBI readies new stressed-asset norms

[I]  Sale of assets of Nirav Modi’s US firms fetches $10 m, but PNB can’t rejoice

[I]  Crops in Gujarat, Rajasthan hit by rain; farmers approach govt

[I]  Govt policies leave aviation sector on a wing and a prayer

[I]  Just 5% of water left in Marathwada’s dams

 

ECONOMIC TIMES

[I]  A new tax rule sends many into panic mode

[I]  Oil market likely to be well balanced in 2019, says Saudi energy adviser

[I]  US-China trade tensions may bring down domestic base metals prices

[I]  Oil rally stalls as growth worries vex markets

[I]  Dollar inflows for corporates may give the rupee a lift

[I]  RBI’s 3-year bonds see poor demand as market seeks higher yields

[I]  Business sentiments down by 7.7% in second quarter compared to last year: D&B report

[I]  View: India’s growth numbers are not reflected by other indicators

[I]  RBI Governor Shaktikanta Das, Deputy Viral Acharya split vote on interest rates

 

BUSINESS STANDARD

[I]  Nifty continues winning run, valuations race ahead of pre-Lehman highs

[I]  CBDT's taxation proposal to hit loss-making foreign companies: Experts

[I]  Govt working to directly transfer fertiliser subsidy to farmers

[I]  Credit squeeze, GST hiccups dent India's gems and jewellery exports in FY19

 

Best Regards, ARBIND
20 Apr 2019