MACRO ECONOMIC NEWS

SHARE THE LOVE THAT WAS DUE THIS WEEK; FRIDAY IS JUST A DAY AWAY. WISHING A REMARKABLE DAY AHEAD.

Macro Economic News 25 Apr 2019

 

Fannie Mae and Freddie Mac back about half of new mortgages in the U.S. Now, talks are heating up about reshaping or shrinking the two companies, a move that could impact millions of Americans. Sen. Elizabeth Warren’s proposal for the government to forgive a huge chunk of student debt would disproportionately help upper-income households, a new analysis shows. RBI steps up liquidity management to make rate cuts count. South Korean economy unexpectedly contracts in first quarter, worst since global financial crisis, as Investment Slows. Inflation, not deficits, is the new challenge for Pakistan’s economy. Indonesian Rate cuts may be in the pipeline.

 

FINANCIAL TIMES

[I]  Kim and Putin set for talks as Russia seeks influence

[I]  Drones to deliver medicines to 12m people in Ghana

[I]  Trade wars ‘would hurt US worst’, ECB says

[I]  ‘Sticky’ savings banks keep big German rivals in check

[I]  American big business must not hobble EU consumer redress

[I]  Capitalism needs more than capital to survive

 

REUTERS

[I]  RBI steps up liquidity management to make rate cuts count 

[I]  Russia offers passports to east Ukraine, president-elect decries 'aggressor state'

[I]  South Korea economy unexpectedly contracts in first quarter, worst since global financial crisis

[I]  Anger over Brexit sparks new grassroots drive for Scottish independence

[I]  Bank of England to refrain from rate hike until August 2020: NIESR

[I]  Top U.S. officials to hold trade talks in China next week

[I]  China to recalibrate Belt and Road, defend scheme against criticism

[I]  Britain starts search for 'highest calibre' Bank of England governor

 

BLOOMBERG 

[I]  How China's $13 Trillion Bond Market Will Be a Trade-War Winner

[I]  South Korea Economy Shrinks Most Since 2008 as Investment Slows

[I]  The Future of Shopping Is Already Happening in China

[I]  Iraq Will Deliver Third-Biggest Chunk of New Oil Over Next Decade, IEA Says

[I]  Inflation Not Deficits Is the New Challenge for Pakistan’s Economy

[I]  Homeowners in India Roll Up Sleeves to Complete Unfinished Flats

[I]  Untested China Bond Structure Sparks Market Angst After Default

[I]  Indonesia Rate Cuts May Be in the Pipeline in Wake of Jokowi’s Victory

 

WALL STREET JOURNAL

[I]  Moore Hopeful for Fed Post, but Says He Would Bow Out If He Becomes Liability

[I]  Warren’s Student-Debt Deal Would Most Benefit Stronger Earners, Study Finds

[I]  Two Capitalists Worry About Capitalism’s Future

[I]  Fannie and Freddie’s Uncertain Future, Explained

[I]  Real Time Economics: Markets Rally, Housing Thaws, U.S. and China Set Date for Talks

 

BUSINESS LINE

[I]  Import duty on ICT products: Five countries seek to join EU to mount pressure on India at WTO

[I]  Major cyclone in the making; may cross North TN coast early next week, says IMD

[I]  Complaints made to banking ombudsman rose 25% in FY18

[I]  RBI divests entire stake in NHB, NABARD

 

ECONOMIC TIMES

[I]  The things that matter show India's economy is cooling

[I]  Iran oil curbs: India is on a slippery slope

[I]  RBI may join global peers in buying more gold

[I]  Uncertainty looms over basmati, tea exports after Iran sanctions

[I]  28% Indian ultra HNIs expect wealth creation will be easy in 2019: Survey

[I]  Capital gains tax relief likely for investors exiting startups

[I]  Finance Ministry may raise cap on 59-minute loans to Rs 3-5 crore

[I]  Finance Ministry brings in changes in e-way bill system to check GST evasion

[I]  Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

 

BUSINESS STANDARD

[I]  RBI may allow 66% lenders' approval for resolution of stressed assets

[I]  Earnings optimism lifts markets, FPI buys offset concerns over oil prices

[I]  MNC stocks trading at all-time high valuations, time to stay selective

[I]  GST Council gives firms more flexibility on use of input tax credit

[I]  Private equity investments fall in residential real estate: Report

[I]  2 billion domestic and foreign trips taken by Indians in 2018: Report

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11710;  USDINR DGCX: 70.5000;  DJIA Mini: 26547;  FTSE 100 Fut: 7427;  NIKKEI 225 Fut: 22234;  EUR-USD: 1.1253; Crude Oil (WTI): 65.57;  Gold (Spot): 1275

 

Best Regards, ARBIND
25 Apr 2019