MACRO ECONOMIC NEWS

THINK OF A NUMBER BETWEEN 1 AND 10. NOW CLOSE YOUR EYES. IT'S DARK ISN'T IT?. WISHING A FUNFILLED DAY AHEAD.

Macro Economic News 19 Apr 2019

 

A narrower U.S. trade deficit in February and stronger-than-expected economic growth in China suggested the global economy’s outlook may be brightening. The potential economic impact of a new trade agreement with Mexico and Canada is becoming the subject of a debate in Washington, as the Trump administration seeks to have Congress ratify the agreement. Retail sales in the U.S. bounced back in March after a stretch of weak spending, another sign that first-quarter growth was stronger than expected. The number of Americans filing applications for new unemployment benefits fell last week to a fresh 50-year low. The Federal Reserve is starting to take notice of climate change and its implications for the U.S. economic outlook.

 

FINANCIAL TIMES

[I]  Regulator seeks to end UK dominance of Big Four auditing

[I]  Italian and French dealmakers play the long game

[I]  Brexit lands a heavy blow on Britain’s constitution

[I]  Actuarial ‘trick’ protects against solvency risks

[I]  A short-sighted view on EU market protections

 

REUTERS

[I]  India suspends cross border trade in Kashmir in new crackdown

[I]  Exclusive: Venezuela skirts U.S. sanctions by funneling oil sales via Russia

[I]  U.S. wins WTO ruling against China grain import quotas

[I]  Japan inflation edges higher but BOJ still in a bind

[I]  Wall Street week ahead: Earnings deluge could make or break sentiment

[I]  U.S. retail sales, labor market data paint upbeat economic picture

[I]  Who will succeed Carney to run Britain's central bank?

[I]  New North American trade deal would boost U.S. economy, U.S. commission finds

 

BLOOMBERG 

[I]  Coal Prices Are Up and U.S. Miners Still Can't Catch a Break

[I]  Best Retail Sales Since 2017 Brighten U.S. Growth Outlook

[I]  Crisis at China's JPMorgan Wannabe Deepens With Bond Defaults

[I]  Asian Stocks Edge Higher in Holiday Hit Trading: Markets Wrap

[I]  Why Is Everyone Worried About Turkey's Foreign Reserves?

[I]  Hedge Funds Aggressively Shorting VIX Shouldn't Ring Alarm Bells

 

WALL STREET JOURNAL

[I]  Consumer Spending Rebounded in March

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

[I]  Immigrants Propel Population Growth in 10% of U.S. Counties

[I]  Fed’s Kaplan Says U.S. Growth Isn’t Likely to Change His Stance on Rates

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

[I]  Shrinking U.S. Trade Gap, China Growth Bode Well for Global Economy

[I]  U.S., China Set Tentative Timeline for Next Round of Trade Talks

[I]  Fed Policy Makers Take Notice of Climate Change’s Implications for Economic Outlook

 

BUSINESS LINE

[I]  Profit attribution to PE: CBDT invites public comments on Report

[I]  India’s online retail market to cross $170 billion by FY2030

[I]  Global black tea output goes up despite dip in India production

[I]  Destructive weather may ravage North, East for another day

[I]  RBI proposes framework for testing of products, services by fintech firms

[I]  Why leeway under IBC eludes many MSMEs

 

ECONOMIC TIMES

[I]  PE/VC inflows to top $65 billion mark by 2025: EY

[I]  Euro buoyant on improved economic views, awaits euro zone PMI

[I]  Investors panic as Income Tax seeks details from unlisted companies

[I]  Govt allows only dal millers to import pulses under quota for second year

[I]  RBI inflation goals need to be reviewed: PM's adviser

 

BUSINESS STANDARD

[I]  FPIs in a bind over RBI's voluntary retention route for distressed debt

[I]  Online travel brands are failing to cash in on tourism boom in India

[I]  Govt panel submits report on taxing profits of foreign companies

[I]  CBDT identifies 20.4 million non-filers, asks I-T dept to take action

[I]  RBI releases draft framework for regulatory sandbox to help fintech space

[I]  Don't resort to predatory pricing of tickets: Govt tells airlines

[I]  RBI governor Das flags growth slowdown, Viral Acharya advocates caution

[I]  India's garment exports stagnant on high costs, compliance burden

[I]  Rs 20/kg: Be prepared to shell out more for potatoes in the next few months

[I]  The golden age: PE/VC flow may touch $65 bn by 2025

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11805;  USDINR DGCX: 69.5225;  DJIA Mini: 26566;  FTSE 100 Fut: 7407;  NIKKEI 225 Fut: 22237;  EUR-USD: 1.1242; Crude Oil (WTI): 64.00;  Gold (Spot): 1276

 

Best Regards, ARBIND

19 Apr 2019