MACRO ECONOMIC NEWS

THERE ARE SECRET OPPORTUNITIES HIDDEN EVERYWHERE. WISHING A PROMISING FRIDAY AHEAD.

Macro Economic News 12 Apr 2019

 

Economists surveyed by The Wall Street Journal expect that raising the federal minimum wage, even by a relatively small amount, would lead to job losses. U.S. Jobless Claims Hit a Near 50-Year Low. According to the majority of economists surveyed by The Wall Street Journal, The Federal Reserve will keep interest rates unchanged at least through the end of 2021. The Office of Management and Budget is seeking comment on the possibility of slashing a decades-old rule that prevents U.S. officials from making public statements about key government economic reports until one hour after their release.

 

FINANCIAL TIMES

[I]  Trump’s easy-money stance chimes with Republican shift

[I]  Brexit exposes cracks in Franco-German relationship

[I]  May doubles down on Brexit talks with Labour

[I]  Libyan oil chief warns renewed fighting threatens output

[I]  South Korean court rules abortion ban ‘unconstitutional’

[I]  Brexit is like a slow puncture for the UK economy

 

REUTERS

[I]  Singapore central bank stands pat on monetary policy as growth slows

[I]  Oil prices firm amid OPEC supply cuts, U.S. sanctions on Iran and Venezuela

[I]  Indian sugar mills owe record $4.38 billion to cane growers

[I]  India Inc is seeking dollar borrowings, but only select firms will find

[I]  Auto tariff war would hurt more than U.S.-China fight - IMF chief economist

[I]  BoE's Carney says UK needs time to find Brexit consensus

[I]  U.S. economy 'healthy' from a monetary policy perspective: Fed's Williams

[I]  U.S. weekly jobless claims lowest since 1969

[I]  Emerging market nations seek collective solution to trade tensions

 

BLOOMBERG 

[I]  The Future of China's Growth Glimpsed in Historic Town's Revamp

[I]  In Hong Kong, $1.2 Million Will Only Buy You an Average House

[I]  With Bank Earnings on Deck, Financial Hedges Center on ETFs

[I]  May Hints at Customs Compromise With Labour: Brexit Update

[I]  Foreigners Are Piling Into Indonesian Stocks Ahead of Elections

[I]  Singapore Central Bank Keeps Policy Settings as Growth Slows

[I]  Philippine Rate Cut Is on Table in May, Governor Diokno Says

[I]  Sweet-And-Sour Global Economy Gets Relief Signs, Bleak Forecasts

[I]  Trump's Next Trade Fight, China Stimulus, U.S. Jobless: Eco Day

[I]  Climbing Oil Prices Put India's Benign Inflation Outlook at Risk

 

WALL STREET JOURNAL

[I]  Raising Minimum Wage Would Cost Jobs, Say Economists in WSJ Survey

[I]  Economists See Fed On Hold at Least Through 2021

[I]  GOP Opposition Imperils Trump Pick of Cain for Fed Board

[I]  OMB Proposes Eliminating Waiting Period for Comments on Economic Reports

[I]  Yellen Offers a Warning to Trump’s Central Bank Picks

[I]  U.S. Jobless Claims Hit a Near 50-Year Low

[I]  Fed’s Williams Happy With Current Monetary Policy Stance

[I]  Federal Reserve’s Bullard: Fed Policy Is in the Right Place for Now

 

BUSINESS LINE

[I]  Fixed maturity plan crisis: Six MFs to take a call on redemption in 3 months

[I]  Builders face tough choice in GST rates for ongoing realty projects

[I]  Sweden stresses on need for EU-India free trade agreement

[I]  EU extends Brexit deadline to October 31, asks Britain to find a way out of impasse

[I]  Lower capacity utilisation hits wind-turbine manufacturers

[I]  Water stress in summer after bountiful rain in monsoon

[I]  Industries dovetailing annual shutdown with summer months

[I]  Share of public sector banks in MSME credit declines to 39%: Report

 

ECONOMIC TIMES

[I]  Price-conscious Indians can trade data online

[I]  RBI's February dollar buys highest in 11 months

[I]  A new forex record coming? Thank RBI's brand new dollar swap

[I]  Indian companies' foreign investment rises 18% to USD 2.69 billion in March

[I]  RBI injected Rs 2.98 lakh crore liquidity in 2018-19

[I]  Sugar exports surge to 17.44 lakh tonnes this year so far: Industry data

[I]  Startups get angel tax breather: 277 startups secure all-clear from Income Tax department

[I]  India's GDP number 'still has some issues': Gita Gopinath

[I]  Arun Jaitley discusses India's economic reforms with investors in US

[I]  India has scope for reducing untargeted food, fertiliser subsidies: IMF

 

BUSINESS STANDARD

[I]  Unemployment in 11 states exceeds national average, shows NSSO report

[I]  Developers find relief in commercial properties as residential realty lags

[I]  Combination drug market declines 56% in March as govt clamps down

[I]  India brings down trade deficit with China by $10 billion in 2019

[I]  Banks Board Bureau pushes for governance reforms in public sector banks

[I]  Banks close FY19 with 13.24% credit growth, deposits up 10.03%

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11645;  USDINR DGCX: 69.2100;  DJIA Mini: 26182;  FTSE 100 Fut: 7373;  NIKKEI 225 Fut: 21841;  EUR-USD: 1.1289; Crude Oil (WTI): 63.74;  Gold (Spot): 1293

 

Best Regards, ARBIND
12 Apr 2019