MACRO ECONOMIC NEWS

THERE IS A GREATER PURPOSE - SPREADING LOVE WITH EVERYONE WE MEET IN LIFE. WISHING A FULFILLING WEEK AHEAD.

Macro Economic News 15 Apr 2019

 

The RBI governor said, it will remain vigilant and strive to revive growth in Asia's third-largest economy, as well as pushing to maintain macroeconomic, financial and price stability. Former Federal Reserve officials and foreign central bankers say President Trump’s combative stance toward the U.S. central bank could over time weaken the institution and its role in the global economy.  With the global economy slowing and showing signs that it may need support, economists are pointing at Germany and a few other countries that are in a position to provide a lot of stimulus but are instead choosing not to. Consumers’ outlook on the U.S. economy worsened in April, as a survey suggested the impact of tax cuts has now run its course for American households.

 

FINANCIAL TIMES

[I]  Trump tax changes raise fears the rich will flee New York

[I]  Central Europe’s liberals prepare to halt populist advance

[I]  Japan’s foreign minister slams efforts on North Korea

[I]  Macron stands firm as France raises lone voice in EU

[I]  Tokyo raises concern over Beijing’s industrial policies

[I]  Investors should beware the insurance magic money tree

 

REUTERS

[I]  Global Markets: Asian shares near 9-month highs, helped by U.S. optimism on China trade talks

[I]  Exclusive: U.S. waters down demand China ax subsidies in push for trade deal - sources

[I]  Yen near this year's lows, franc soft on rising risk appetite

[I]  RBI to remain watchful on growth, financial stability: Shaktikanta Das

[I]  Row with U.S. energy trader worsens Haiti's fuel crisis

[I]  Would a political Fed rescue the world?

[I]  Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus

[I]  As Trump pressures Powell, Wall Street gives Fed a passing grade

[I]  Trade rows cloud global economy as officials fret over slowdown

 

BLOOMBERG 

[I]  Another Warning Is Flashing on Asia's 12% Stock-Market Rally

[I]  Global Soft Landing, Trump Attacks Fed, Goldman on 2020: Eco Day

[I]  Chinese Savers Keep Pouring Cash Into These Risky Investments

[I]  The U.S. Doesn’t Need a New Trade Deal With Japan

[I]  Carry Trade Lifts Emerging Markets Still on Lookout for Growth

[I]  Canadian Dollar's Bullish 2019 Run May Soon Run Out of Fuel

[I]  Betting on a Soft Landing: the Takeaways From the IMF Meetings

[I]  Trump Confronts Trump in Quest for a Stronger World Economy

 

WALL STREET JOURNAL

[I]  Trump’s Fed Attacks Cast a Chill at Global Finance Gathering

[I]  At the IMF, Germany Comes Under Pressure to Stimulate Growth

[I]  What You Need to Be on the Fed...and It Isn’t a Ph.D.

[I]  Economy Week Ahead: International Trade, Consumer Spending

[I]  Interview Transcripts Tell Story of Fed Over Past 50 Years

[I]  U.S. Consumer Sentiment Drops as Tax-Cut Boost Fades

 

BUSINESS LINE

[I]  Govt throws a spanner in CA Institute’s plans of deferring a key auditing standard by two years

[I]  In Fatehpur Sikri, Congress’ Raj Babbar mounts a surprise challenge to BJP

[I]  Lenders having vested interest in a debtor shouldn’t be part of creditors’ panel: NCLT

[I]  World trade order, or US trade order?

[I]  Time to soften GST blow on MSMEs

 

ECONOMIC TIMES

[I]  Why many Indian cos are moving to SE Asia

[I]  Financial, operational creditors recover nearly half of total claims in 88 insolvency cases

[I]  NPCI mulls using blockchain solution to strengthen digital payments

[I]  344 infra projects show cost overruns of Rs 3.16 lakh cr

[I]  Traders claim GST ‘cumbersome’ to business

[I]  View: Biometric authentication, exclusion restrictions can ensure effective cash transfer system in India

 

BUSINESS STANDARD

[I]  Dozens of Indian start-ups in fray to become unicorns in FY19, say experts

[I]  Tax dept may pitch for lower I-T target when next govt presents Budget

[I]  Corporate credit to grow in next few quarters on working capital needs

[I]  New Sebi strictures on subsidiaries make accountants even more accountable

[I]  PE/VC investments in AI space grows five-fold to $359 million in FY19

[I]  IMF predicts 'delicate year' for world economy, warns India about inflation

[I]  42% of India's land area under drought, 500 mn people severely affected

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11683;  USDINR DGCX: 69.4050;  DJIA Mini: 26418;  FTSE 100 Fut: 7388;  NIKKEI 225 Fut: 22197;  EUR-USD: 1.1311; Crude Oil (WTI): 63.64;  Gold (Spot): 1289

 

Best Regards, ARBIND

15 Apr 2019