MACRO ECONOMIC NEWS

SMILE. A MAGNIFICENT WEEK IS ON THE WAY. BEST WISHES.

Macro Economic News 22 Apr 2019

 

World leaders meeting in Beijing this week for a summit on China's Belt and Road initiative will agree to project financing that respects global debt goals and promotes green growth. Even as a U.S.-China trade accord apparently nears completion, rattled businesses on both sides of the Pacific are skittish about rushing back in to revive the once-booming investment activity between the two countries. Federal Reserve officials are starting to talk about the conditions under which they would cut interest rates, including a scenario where inflation drifts lower even if the economic growth doesn’t falter. U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction.

 

FINANCIAL TIMES

[I]  ECB hopefuls offer policy remedies for bloc’s stuttering economy

[I]  China to showcase growing naval power with parade at sea

[I]  EU official urges Trump to adopt tough data privacy rules

[I]  Stubbornly low inflation leaves Bank of Japan in limbo

[I]  Trade war with US delays China’s rules curbing data transfers

[I]  Realism is set to strike over the Brexit timescale

[I]  A disaster is unfolding in the antibiotics market

[I]  Germany’s low defence spending weakens Nato

 

REUTERS

[I]  Oil prices hit Nov 2018 highs on report U.S. will end Iran oil sanction waivers

[I]  In nod to debt concerns, China Belt and Road summit to urge sustainable financing

[I]  China releases new rules on game approvals

[I]  Financial market 'pause party' makes Fed rate cut less likely

[I]  Column: What Sudan tells us about 21st century coups

[I]  China says Silk Road not geopolitical tool, understands concerns

 

BLOOMBERG 

[I]  Once A-Rated at S&P, Oman Now Risks Descending Deeper Into Junk

[I]  U.S. Small Caps at Two Crucial Junctures, Strategist Says

[I]  Stock Investors Reluctant to Return to Japan Despite Rally

[I]  Sudden Rush to Raise Cash in China Is Burning Stock Investors

[I]  Emerging Markets at Mercy of U.S. Growth as Investors Weigh Bets

[I]  Half of Economists Now Expect BOJ's Next Move to Be More Easing

[I]  Rate Cut May Not Save Ringgit Bond Rally as Index Outflow Looms

 

WALL STREET JOURNAL

[I]  Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations

[I]  Fed Officials Contemplate Thresholds for Rate Cuts

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

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

[I]  Consumer Spending Rebounded in March

[I]  Economy Week Ahead: GDP, Existing-Home Sales

 

BUSINESS LINE

[I]  SEBI’s new insider-trading norms raise the bar on unpublished price-sensitive information

[I]  Rising crude oil price will be key challenge for new government

[I]  A major Himalayan quake is coming. But when?

[I]  How sanitation drives can leave water bodies badly contaminated

 

ECONOMIC TIMES

[I]  Soon, you can set up a firm in just 3 days

[I]  FPIs stay bullish, pour Rs 11K cr into Indian markets in April so far

[I]  Up 40% in 2019, hedge funds say there’s no stopping crude oil rally

[I]  Higher import duty sought on Chinese leather, footwear

[I]  India is not a tariff king, has the right to protect specific sectors under WTO: Experts

[I]  Changed insolvency norms by April next to speed up process

[I]  India must complete its reform process in next five years: Arvind Panagariya

 

BUSINESS STANDARD

[I]  Changes in IBC will allow provision for mediation to cut costs, time

[I]  CBDT gets down to build office in Mumbai after PM's Office intervenes

[I]  Ministries, PSUs, power firms gear up to charge India's electric vehicles

[I]  Deposits in Jan Dhan accounts fast inching towards Rs 1-trillion mark

[I]  Credit bureaus turn to data analytics to provide holistic credit scores

[I]  How will RBI walk the tightrope on legal issues concerning stressed assets?

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 11790;  USDINR DGCX: 69.5225;  DJIA Mini: 26558;  FTSE 100 Fut: 7407;  NIKKEI 225 Fut: 22229;  EUR-USD: 1.1238; Crude Oil (WTI): 65.29;  Gold (Spot): 1279

 

Best Regards, ARBIND
22 Apr 2019