MACRO ECONOMIC NEWS

LET IT GO, SMILE AND MOVE AHEAD. WISHING A LOVING DAY AHEAD.

Macro Economic News 09 Apr 2019

 

British Prime Minister Theresa May will meet German Chancellor Angela Merkel and French President Emmanuel Macron to argue for a Brexit delay while her ministers hold crisis talks with Labour to try to break the deadlock in London. The Trump administration moved toward imposing the tariffs on imports from the European Union. The Trump administration negotiated the USMCA trade deal as a replacement for Nafta. In the week ahead, the U.S. economy will see fresh data on inflation and consumer sentiment. The Federal Reserve will release its March meeting minutes. Trade talks between Chinese and U.S. negotiators wrapped up in Washington with no clear timeline for resolution, but with both sides touting progress and vowing to continue talking via videoconference.

 

FINANCIAL TIMES

[I]  May to visit Berlin and Paris in push to delay Brexit date

[I]  Dutch ready to quit eurozone budget

[I]  Electrical stimulation gives memory boost to elderly

[I]  EU publishes guidelines on ethical artificial intelligence

[I]  New UK tech regulator aims to push Silicon Valley into action

[I]  Australian regulators turn to AI to boost compliance

[I]  China sounds alarm over bad-loan surge at small banks

[I]  Economic status quo is endangering US society

 

REUTERS

[I]  Passenger vehicle sales to pick up pace after growth slows

[I]  Hong Kong protest leaders vow to continue democracy fight ahead of verdict

[I]  Oil prices hit highest in five months as Libya fighting tightens supply

[I]  Theresa May to ask Merkel and Macron for Brexit delay

[I]  Assertive EU to face resistant China at trade-focused summit

[I]  U.S. Fed proposes new regulatory regime for foreign banks

[I]  Pakistan offers yet another tax amnesty to pinpoint high earners

 

BLOOMBERG 

[I]  In Indonesia, Getting Accurate Data Is Like ‘Finding a Pokemon’

[I]  M&A Fever Has Yet to Break in the Gulf

[I]  U.K. Consumers Wary of Brexit Hold Off Big Purchases in March

[I]  Oil Extends Gains to Highest Since November on Libya, Iran Conflicts

[I]  Traders Spooked as African Swine Fever Keeps Spreading

 

WALL STREET JOURNAL

[I]  U.S. Moves to Impose Tariffs on $11 Billion of EU Goods

[I]  Spending Battle Clouds Outlook for U.S. Growth

[I]  Is Trump’s New Nafta in Trouble?

[I]  Economy Week Ahead: Consumer Prices, Fed Minutes

[I]  U.S., China Tout Progress, Vow to Continue Trade Talks

 

BUSINESS LINE

[I]  With 5% growth, auto sales hit speed-breaker in FY19

[I]  IMO’s new rule on electronic exchange of information between ships and ports comes into force

[I]  MF assets up 3% at Rs. 23.79-lakh cr in March

[I]  ‘FY20 will see the death of digital wallet’

 

ECONOMIC TIMES

[I]  Experts cast doubt on India's rosy economic picture

[I]  Reserve Bank of India issues norms for banks to set up currency chests

[I]  India probes dumping of 'aluminium, zinc coated flat products' from China, Vietnam, Korea

[I]  India's economic growth driven by domestic demand, need to focus on exports: World Bank

[I]  Economy grim as major indicators drop: Experts

[I]  Action on banks' NPA recovery, mergers await new government

[I]  Gaps in e-way bill reporting mechanism may be closed

 

BUSINESS STANDARD

[I]  Passenger vehicle sales up 2.7% in FY19, slowest in 4 years: Siam

[I]  Investment boost: World Bank says India GDP to grow 7.5 per cent this year

[I]  Get ready to file more details in new ITR forms

[I]  From computers to furniture, China cuts tariffs on some consumer goods

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11684;  USDINR DGCX: 69.7975;  DJIA Mini: 26292;  FTSE 100 Fut: 7377;  NIKKEI 225 Fut: 21727;  EUR-USD: 1.1265; Crude Oil (WTI): 64.42;  Gold (Spot): 1298

 

Best Regards, ARBIND
09 Apr 2019