MACRO ECONOMIC NEWS

TODAY IS A PERFECT DAY FOR JUST BEING HAPPY. WISHING A CHEERFUL DAY AHEAD.

Macro Economic News 24 Apr 2019

 

A temporary government shutdown with no end in sight, rising trade conflicts and a global growth slowdown: the first quarter outlook for the U.S. economy did not look promising at the turn of the year. Purchases of new homes in the U.S. increased in March, driven by sales gains in most parts of the nation.  Big apartment owners are forecast to post strong earnings when they start reporting this week, but a number of state-sponsored rent-control measures are starting to raise longer-term concerns. With the U.S. economy strong and stocks near record levels, retirees’ and workers’ confidence in having enough money for retirement rose over the past year to new highs, according to a long-running survey.

 

FINANCIAL TIMES

[I]  EU industrial chief vows to bring back jobs from China

[I]  China protests renewed US sanctions on Iranian oil

[I]  May plans new Commons Brexit vote in high-stakes move

[I]  Britain told it is losing influence in Washington

 

REUTERS

[I]  Top U.S. officials to hold trade talks in China next week

[I]  South Korea proposes $5.9 billion fiscal stimulus to tackle air pollution, aid exports

[I]  Japan's Heisei imperial era: three generations look back, and ahead

[I]  U.S. sanctions on Iran oil will cost Asia but supply will flow

[I]  RBI sets high cut-off at forex swap auction, forward rates jump

[I]  India says it has 'robust plan' to guarantee oil supply after end to Iran waivers

[I]  Technology ethics campaigners offer plan to fight 'human downgrading'

[I]  U.S. may follow China with first quarter GDP upside surprise

 

BLOOMBERG 

[I]  U.S., China to Resume Trade Talks Tuesday in Beijing

[I]  Slackening Consumer Demand Reins in Animal Spirits in India

[I]  Brexit ‘Rules of the Game’ Urgently Needed, U.K.'s Bailey Says

[I]  Venezuela Imports Crude for the First Time in Five Years

[I]  U.S. Oil Is Flowing Freely to China Again After Slowing to Trickle

[I]  BOJ Heat Gauge Shows No Need to Buy J-REITs, Ex-Official Says

[I]  BOJ's Capital Warning Is Another Reason to Shun Local Banks

[I]  Japan's New Era Comes After Three Decades of Economic Change

[I]  Debt Ghosts Return to Rattle Argentina Push for Shale Greatness

 

WALL STREET JOURNAL

[I]  U.S. New-Home Sales Rose in March

[I]  More States Pursue Rent Control—Spelling Bad News for Landlords

[I]  S&P 500, Nasdaq Notch Highest Closings on Record

[I]  Workers, Retirees Are Feeling Better About Retirement Finances

[I]  Social Security Costs to Exceed Income in 2020, Trustees Say

[I]  Real Time Economics: The Resilient American Economy

 

BUSINESS LINE

[I]  India faces a crude oil double whammy

[I]  RBI gets bids worth $18 billion for $5 b on offer in second forex swap auction

[I]  Centre promises adequate crude oil supplies to refiners

[I]  DGFT extends ban on import of Chinese milk and milk products

[I]  The unemployment-unemployability gulf and how it is being bridged

[I]  IMD says depression may morph into cyclone by Saturday, hit TN

[I]  Mudra loan target missed by Rs. 27,000 crore in FY19

[I]  Microfinance sector to grow 20-22% in FY20: ICRA

 

ECONOMIC TIMES

[I]  US to ensure steady oil supply for India

[I]  RBI may go easy on banks in new NPA order

[I]  RBI dollar auction demonstrates strong demand

[I]  RBI to infuse Rs 25,000 crore through OMO in May

[I]  Indian junk bond issuances soar to 5-year high

[I]  IMD working at faster pace to issue block-level weather forecast by next year

[I]  Kazakhstan sets up coordinating council to attract Indian investments

[I]  Companies may get more time to meet new disclosure rules

 

BUSINESS STANDARD

[I]  RBI's second 3-year dollar-rupee swap auction too a grand success

[I]  US move on Iran oil to see inflation rise, RBI holding rates in June

[I]  15th Finance Commission likely to pitch for more powers to local bodies

[I]  Pulses import falls to 2.5 mln tonnes from 6.6 mn tonnes two years ago

[I]  MFIs, small banks will need external capital of Rs 4,700 cr in three years

[I]  40% SME companies that migrated to main board now trading in the red

[I]  Consumer trust highest in India despite maximum number of e-frauds: Report

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11595;  USDINR DGCX: 69.8125;  DJIA Mini: 26637;  FTSE 100 Fut: 7457;  NIKKEI 225 Fut: 22254;  EUR-USD: 1.1213; Crude Oil (WTI): 65.93;  Gold (Spot): 1270

 

Best Regards, ARBIND
24 Apr 2019