MACRO ECONOMIC NEWS

WE ARE BLESSED TO BRING PEACE AND HARMONY FOR ALL HUMANKIND. WISHING AN AUSPICIOUS DAY AHEAD.

Macro Economic News 17 Apr 2019

 

Economists at a federal agency are developing distributional measures that describe not just how much the nation produced, but also how much of the income from all of that production went to the poor, the middle class and the rich. American manufacturers failed to bounce back last month after slumping earlier in the year, showing that the broader slowdown around the world is pressuring a key sector in the U.S. economy. Black workers have received far smaller pay increases in recent years compared with other racial groups, despite unemployment for black Americans trending at historic lows. Federal Reserve Bank of Chicago leader Charles Evans said the U.S. central bank should be willing to let inflation overshoot its 2% target, in comments that also indicated more rate increases remain a possibility.

 

FINANCIAL TIMES

[I]  Macron wants Notre-Dame rebuilt in 5 years

[I]  Germany warns Britain cannot get new Brexit extension

[I]  German economic outlook brightens after a year of gloom

[I]  China house prices rise signals economic rebound

[I]  US companies reveal pay gap between bosses and workers

[I]  Internet has played a part in limiting capex

 

REUTERS

[I]  China first quarter GDP growth steady at 6.4 percent year-on-year, beats expectations for slowdown

[I]  Asia relieved as China data point to recovery

[I]  Japan exports hit by weak China demand, raising risk of economic contraction

[I]  Gold near four-month low as stocks, dollar weigh

[I]  Bank of Japan ready to deploy monetary policy tools to fight crisis: deputy governor

[I]  Global steel demand slows as China economy falters and trade war hits

[I]  U.S. manufacturing output flat as auto production falls

[I]  UK marketing spending rises despite Brexit, uncertainty clouds forecast: survey

 

BLOOMBERG 

[I]  Reform Landscape for Next Five Years at Stake: Indonesia Votes

[I]  Larry Kudlow Says ‘Very Good Progress’ Being Made in China Talks

[I]  China's Economic Growth Unexpectedly Held Up in First Quarter

[I]  Japan, U.S. Will Accelerate Talks Toward Trade Deal, Motegi Says

[I]  Health Stocks Take $28 Billion Beating in Medicare-for-All Fight

[I]  Foreign Investors Dream of a World With More China Bond Futures

[I]  A Property Boom Is Coming to China's Smaller Cities

 

WALL STREET JOURNAL

[I]  Government to Measure Who Gets What Share of the Economic Pie

[I]  U.S. Manufacturing Hits Soft Patch Tied to Global Slowdown

[I]  As Wages Rise, Black Workers See the Smallest Gains

[I]  Kudlow Says It’s Up to Cain Whether to Bow Out or Not

[I]  New U.S. Policy on Cuba Sanctions Threatens EU Ties

[I]  Fed Official Open to Adopting an Inflation Target Range

[I]  Fed’s Evans: Rate Rises Still Possible If Economy Meets Expectations

 

BUSINESS LINE

[I]  EU-India talks on re-testing of imported steel products fail

[I]  EU-India discussions on re-testing of imported steel products fail to cut ice

[I]  Workforce needs to enter digital age: experts

[I]  Dairy development board lab made referral centre for milk products

[I]  India Inc forex borrowing to pick up pace in FY20: Ind-Ra

[I]  Travel companies come up with short-stay plans for long weekend

 

ECONOMIC TIMES

[I]  Volatility in rupee likely to remain low this week

[I]  Bond rally in India faces another headwind: Monsoon season

[I]  ADB committed highest-ever USD 3 billion in sovereign loans to India in 2018

[I]  We want balanced trade with India: Chinese envoy

[I]  India is said to have cut trade deficit with China by $10 billion

 

BUSINESS STANDARD

[I]  Mauritius puts India-focussed funds, others under its regulatory lens

[I]  PFRDA considers issuing on-tap licences for pension fund managers

[I]  Exports miss target again as global trade wars, GST glitches take toll

[I]  Banks must flag bad loans as NPAs after 90-day default: RBI to NCLAT

[I]  Revival in investor sentiment for NBFCs may be a long-drawn process

[I]  High-frequency trading surges manifold amid heightened market volatility

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11822;  USDINR DGCX: 69.6575;  DJIA Mini: 26471;  FTSE 100 Fut: 7413;  NIKKEI 225 Fut: 22285;  EUR-USD: 1.1301; Crude Oil (WTI): 64.51;  Gold (Spot): 1277

 

Best Regards, ARBIND

17 Apr 2019