MACRO ECONOMIC NEWS

THE MORE WE PRAISE AND CELEBRATE OUR LIFE, THE MORE THERE IS IN LIFE TO CELEBRATE. WISHING THE WEEK AHEAD FULL OF CELEBRATION.

Macro Economic News 08 Apr 2019

 

If the world was at risk of sliding into recession, policy makers appear to have pivoted in time to prevent it, although World economy appears to be entering into ‘synchronised slowdown’. One of the big unknowns for U.S. economic growth heading into the presidential election year needs to be sorted out by lawmakers in the coming months. That is the path for government spending.  President Trump repeated his call for the Federal Reserve to cut interest rates and said it should restart buying assets to stimulate growth.

 

FINANCIAL TIMES

[I]  Equity release mortgages are riddled with poor incentives

[I]  EU official confronts China on trade promises

[I]  Bring Russia in from the cold, says Council of Europe chief

[I]  World economy enters ‘synchronised slowdown’

[I]  Trump’s demands add to Fed interest rate headaches

[I]  American companies count cost of Argentina inflation

[I]  Independent oil explorers struggle to go green

 

REUTERS

[I]  BOJ's Kuroda sticks to view Japan's economy expanding moderately

[I]  Oil hits November 2018 highs amid OPEC supply cuts, U.S. sanctions

[I]  New NAFTA deal 'in trouble', bruised by elections, tariff rows

[I]  China wants to work with EU on trade, premier writes before summit

[I]  As latest round of U.S.-China talks end, 'significant work' remains

[I]  Saudi private sector keeps momentum but employment shrinks: PMI

 

BLOOMBERG 

[I]  When It Comes to Returns, Hong Kong's IPO Market Is Living It Up

[I]  Trump Wants the Fed to Cut Rates. It Just Might If Inflation Softens

[I]  India's Cash Crunch Is Weighing on Financial Health of Companies

[I]  This Strategist Still Sees Redemption for Dollar's Doomsayers

[I]  Inflated Credit Scores Leave Investors in the Dark on Real Risks

[I]  A Million Tons of Copper Is on the Way: It May Not Be Enough

[I]  Singapore’s Finance Minister Sees Solid Southeast Asia Growth Despite Risks

 

WALL STREET JOURNAL

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

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

[I]  Hiring Rebounded in March, Helping Ease Downturn Jitters

[I]  The World Seems to Have Dodged Recession, for Now

[I]  March Jobs Report Should Prompt Sighs of Relief From Fed Officials

[I]  Trump Urges Fed to Cut Rates, Resume Bond Purchases

 

BUSINESS LINE

[I]  Shared clearing operations: Bourses racing against time

[I]  India tells US it is willing to cut duties on high-end mobiles

[I]  Ready to consider lowering import duties on high-end mobile phones, India tells US

[I]  ‘Govt keen to usher in reforms in third phase of MCA-21 project’

[I]  Certification norms for small organic-food producers relaxed

 

ECONOMIC TIMES

[I]  The e-way bill is now making it difficult for cos to evade tax

[I]  FPIs took out Rs 44,500 crore from Indian markets in FY19

[I]  View: Why India needs its own Canary Wharf, a $1 trillion state

[I]  Crude oil market evenly poised, be cautious at higher levels

[I]  China's March forex reserve rises to 7-month high

[I]  Service providers can opt for GST composition scheme by April 30: CBIC

 

BUSINESS STANDARD

[I]  Indian IT services firms are strengthening consulting practice: Experts

[I]  Small finance banks seek equity investment to fund non-MFI portfolio

[I]  RBI policy boost in low-inflation phase: Here's what data says

[I]  Industry efficiency improves but new orders dip, show RBI surveys

[I]  Foreign portfolio investors rekindle love affair with Indian markets

[I]  Morgan Stanley estimates ETF assets will go up 12 times in 10 years

[I]  Switzerland plans to tighten capital rules for its biggest banks

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11767;  USDINR DGCX: 69.4550;  DJIA Mini: 26347;  FTSE 100 Fut: 7378;  NIKKEI 225 Fut: 21785;  EUR-USD: 1.1224; Crude Oil (WTI): 63.46;  Gold (Spot): 1296

 

Best Regards, ARBIND
08 Apr 2019