MACRO ECONOMIC NEWS

OUR WANTS WANT US MORE DESPERATELY THAN WE WANT THEM. WISHING A CONTENTED DAY AHEAD.

Macro Economic News 18 Apr 2019

 

Economic activity continued to grow slowly across the U.S. in the spring but some sectors expected growth to pick up in the coming months, according to a Federal Reserve report.  American manufacturers failed to bounce back last month after slumping earlier in the year, showing that the broader slowdown around the world is pressuring a key sector in the U.S. economy. A narrower U.S. trade deficit in February and stronger-than-expected economic growth in China suggested the global economy’s outlook may be brightening. The U.S. and China have tentatively scheduled a fresh round of face-to-face meetings as they seek to close out a trade deal, according to a person familiar with the situation. Long a path to financial security, traditionally African-American schools are now producing graduates who struggle with disproportionately high debt. “The odds are kind of stacked up against me.”

 

FINANCIAL TIMES

[I]  Turkey props up reserves with short-term borrowing

[I]  Regulator seeks to end UK dominance of Big Four auditors

[I]  Argentina unveils price controls to tame inflation

[I]  China taps stimulus amid slowest growth in 30 years

[I]  Hedge funds realise going long has its rewards  

[I]  Boring banking is exciting again in the US

[I]  Registering EU citizens in the UK will create an underclass

[I]  Brexit lands a heavy blow on Britain’s constitution

 

REUTERS

[I]  Five million lost jobs in India between 2016 and 2018: report

[I]  North Korean leader oversees new tactical weapons test: state media

[I]  Bank of Canada to hold rates until at least early 2020: Reuters Poll

[I]  Euro buoyant on improved economic views, awaits euro zone PMI

[I]  U.S. chipmakers' shares rally despite demand uncertainty

[I]  U.S. trade deficit hits eight-month low on weak Chinese imports

[I]  U.S. labor market remains tight, economy continues to grow: Fed Beige Book

 

BLOOMBERG 

[I]  The World's Most Miserable Economy Has Seven-Figure Inflation

[I]  Health-Care Carnage Is Another Case of Crowded Stocks Unwinding

[I]  Bank of Korea Stands Pat on Key Rate as Downside Risks Increase

[I]  Trump-Xi Deal, China Recovery Query, Inflation Whodunit: Eco Day

[I]  U.K. House Prices Stagnate in March as Buying Activity Plunges

[I]  RBI Inflation Goals Need to Be Reviewed, India PM's Adviser Says

[I]  Auditors Getting Tougher on Korea Inc. in Blessing for Investors

[I]  Taiwan Loans Get Wind Power Boost Amid Best Start Since 2012

 

WALL STREET JOURNAL

[I]  Shrinking U.S. Trade Gap, China Growth Bode Well for Global Economy

[I]  Herman Cain Won’t Withdraw From Consideration for Fed Board

[I]  U.S., China Set Tentative Timeline for Next Round of Trade Talks

[I]  Fed’s Beige Book Sees Slight-to-Moderate Growth

[I]  The Student-Debt Crisis Hits Hardest at Historically Black Colleges

[I]  Trump Administration Offers New Flexibility in Opportunity Zones

[I]  U.S. Manufacturing Hits Soft Patch Tied to Global Slowdown

 

BUSINESS LINE

[I]  IBC reforms: Govt invites views on group insolvency, pre-packs

[I]  Storms in North, West damage wheat crop

[I]  With SC quashing RBI circular, power sector sees debt rejig schemes making a comeback

[I]  Now, a solar rooftop solution in plug-and-play mode

[I]  Storms in North, West damage wheat crop

[I]  Destructive weather may ravage North, East for another day

[I]  RBI may consider table of repo rate changes mapped to policy stance

[I]  Issuance of Govt bonds surges to Rs. 64,192 crore in FY19: ICRA

 

ECONOMIC TIMES

[I]  Rains this year may beat El Nino after 22 yrs

[I]  Oil hits 2019 high on China growth, lower US inventories

[I]  Funding tech incubators can qualify as CSR spend

[I]  Does IMD forecast signal monsoon acing El Nino in 2019?

[I]  5 million men lost jobs since 2016: Report

[I]  Protectionism doesn't really help preserve jobs: Raghuram Rajan

[I]  Easier financing for low-cost homes likely

 

BUSINESS STANDARD

[I]  FAME-II scheme's focus on localisation fails to enthuse two-wheeler makers

[I]  FMCG likely to grow at a slower pace of 12% in 2019, says Nielsen

[I]  Fall in early-stage start-up funding continues: deal value down 37% in Q1

[I]  China can strike India's satellite system despite ASAT test: Report

[I]  Gap between India's underlying economic growth and IIP set to grow further

[I]  India Inc's Achilles heel: BSE500 firms are sitting on a huge cash pile

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11846;  USDINR DGCX: 69.5275;  DJIA Mini: 26392;  FTSE 100 Fut: 7405;  NIKKEI 225 Fut: 22232;  EUR-USD: 1.1293; Crude Oil (WTI): 63.70;  Gold (Spot): 1272

 

Best Regards, ARBIND
18 Apr 2019