MACRO ECONOMIC NEWS

REALISE THE POWER WITHIN; ITS JUST A FINGERTIP AWAY. WISHING A PROMINENT DAY AHEAD.

Macro Economic News 29 Apr 2019

 

Signs are emerging that the supply side of the economy—the workers and the tools and machines they use to produce goods—is becoming energized, improving the chances that faster growth can be sustained. Consumers’ outlook for the U.S. economy softened slightly in April even though it remained historically high. President Trump expressed optimism for a new trade deal with Japan, but said Japanese tariffs on U.S. farm products must be lifted and suggested the U.S. could use levies on Japanese cars as leverage.

 

FINANCIAL TIMES

[I]  Debt investors should beware China’s big divide

[I]  Weak US inflation scrambles debate on Fed’s next move

[I]  Japan refuses to give greater access to US farmers

[I]  US warns China on aggressive acts by fishing boats and coast guard

[I]  Doubts grow over Germany’s balanced budget rule

[I]  May to face backlash over plans to charge EU students more

[I]  Brexit threatens pound’s status as global currency

 

REUTERS

[I]  Oil falls after Trump urges greater OPEC output to replace Iranian oil

[I]  Fly me to the moon: Germany eyes slice of lucrative space market

[I]  Chernobyl comes back to life in Ukrainian computer game

[I]  South Korea April exports seen shrinking for 5th month amid weak China demand: Reuters poll

[I]  Canadian and Japanese leaders tout benefits of Pacific trade deal that Trump abandoned

[I]  Global tightening cycle over, slower ride for growth ahead: Reuters poll

 

BLOOMBERG 

[I]  U.A.E. Token Sales Make It a Global Crypto Capital, Passing U.S.

[I]  Fed May End Up Seeing 1995-96 Rate Cuts as a Template for Today

[I]  China's Trade War Is Taiwan's Opportunity to Bring Cash Home

[I]  Hedge Funds Are Shorting the VIX at a Rate Never Seen Before

[I]  Buffett Bets on Dubai Property as Market Prolongs Slump

[I]  Is This a Market Melt-Up? Here Are Some Ways to Tell

[I]  Europe's Top Hawks to Hike Rates Despite Global Dovish Turn

[I]  Economists Upgrade China Growth and Inflation Forecasts for 2019

 

WALL STREET JOURNAL

[I]  Supply Side of the Economy Is Flashing Strength

[I]  Economy Week Ahead: Labor Market, Consumer Spending

[I]  U.S. Consumer Sentiment Softened in April

[I]  Economic Growth ‘Really, Really Strong’ in First Quarter, Hassett Says

[I]  Trump Calls On Japan’s Abe to Lift Tariffs on U.S. Farm Goods

 

BUSINESS LINE

[I]  Soon, Indians will be able to sink their teeth into Brazilian chickens

[I]  Metal firms stare at uncertainty on ore front

[I]  Transfer of shares of subsidiary not a slump sale, rules Bombay High Court

[I]  Downgrade of Reliance Group arms spells more trouble for debt funds

 

ECONOMIC TIMES

[I]  Bigger is not always better in mutual funds

[I]  Independent directors should be conscious, careful & prudent; not silent: Former SEBI Chief UK Sinha

[I]  Govt hikes customs duty on wheat to 40%

[I]  Govt, exporters to talk customs issues today

[I]  Regulators have to be accountable to Parliament: Former SEBI Chair UK Sinha

[I]  RBI's revised guidelines for resolution of stressed assets likely before May 23

 

BUSINESS STANDARD

[I]  RBI cracks the whip on auditors, wants them to keep eye on five key areas

[I]  Q4 results: Early birds disappoint; combined net of 104 firms down 0.5%

[I]  India's EV industry likely to see higher interest from PE, VC investors

[I]  Oil above $75 a barrel raises concerns over macroeconomic indicators

[I]  RBI's revised framework for stressed assets resolution likely before May 23

[I]  Pre-monsoon rainfall records 27% dip, says IMD; agriculture may take a hit

[I]  Finance Ministry starts consultation with investors to launch global ETF

[I]  Govt notifies new accounting standard, lease rule to impact airlines

[I]  Receding concerns to bring back spotlight on Indian steel players

 

MARKETS (10:30 am)

[I]  SGX NIFTY Fut: 11875;  USDINR DGCX:70.2200;  DJIA Mini: 26533;  FTSE 100 Fut: 7390;  NIKKEI 225 Fut: 22350;  EUR-USD: 1.1159; Crude Oil (WTI): 62.95;  Gold (Spot): 1285

 

Best Regards, ARBIND

29 Apr 2019