MACRO ECONOMIC NEWS

WE BELIEVE WE CAN THINK AND ITS GOD’S WAY OF MAKING US APRIL FOOL. WISHING A NEW START THIS DAY.

Macro Economic News 01 Apr 2019

 

In Japan, a country with $10 trillion in government debt and an economy half that size, some people think the best policy is to borrow more. A key measure of U.S. inflation fell in January to its slowest pace since 2016, underscoring concerns about softening price pressures that have confounded policy makers at the Federal Reserve. American consumers barely increased their spending in January after a sharp pullback in December, adding to recent evidence the economy may have slowed after strong growth in 2018.

 

FINANCIAL TIMES

[I]  China’s Belt and Road property boom cools off

[I]  Tory tensions rise as Theresa May faces Brexit choice

[I]  Foreign investors cool on Chinese stocks

[I]  Bain boss warns over private equity debt levels

[I]  EU has little appetite for another Brexit extension

[I]  Ageing and global trade imbalances are G20 priorities

[I]  Consolidation is key for the automotive industry

 

REUTERS

[I]  Oil prices push higher as supply worries drive gains

[I]  Bond yield curveball stalls global stocks rally

[I]  Australia government to boost rural spending in pre-election budget

[I]  China manufacturing returns to growth in March: Caixin PMI

[I]  Japan's business mood hits two-year low as trade war stings

[I]  Japan March factory output falls at fastest rate in nearly three years: PMI

[I]  Irish manufacturing growth holds steady as Brexit boosts inventories: PMI

[I]  Breaking the deadlock over Brexit: Is Britain heading for a general election?

[I]  Brazil opens Israel trade mission in Jerusalem, short of full embassy move

[I]  UAE economy rebounds in 2018, but more slowly than expected

[I]  Saudi economy expands in fourth-quarter on boost from crude; non-oil growth slows

[I]  China's services activity quickens in March - official PMI

 

BLOOMBERG 

[I]  Hedge Fund Demand Is on Its Way Up, JPMorgan Survey Finds

[I]  Australian Property Slide Spreads on Lending Crackdown, Election

[I]  Analysts Downgrade China's Stocks at Fastest Clip Since 2011

[I]  BOJ Should Avoid Deepening Negative Rates, Bank Lobby Chief Says

[I]  U.A.E. Economic Growth Accelerates in 2018 But Misses Estimates

[I]  Digital ‘Flat White Economy’ Becomes U.K.’s Biggest Sector

[I]  China Leads Asia's Factory Activity Towards Stabilization

[I]  Singapore Luxury Home Prices Drop Most in a Decade on Curbs

[I]  Australian Business Confidence Drops to Six-Year Low

[I]  Japanese Manufacturer Sentiment Sinks Most in Six Years

[I]  Global Growth Turns a Corner, But Risks Hitting a Wall

[I]  Trump Lashes Fed, Factory Rebound, Jokowi's China Anger: Eco Day

 

WALL STREET JOURNAL

[I]  Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes

[I]  For Some, Another Day Older and Deeper in Debt Doesn’t Sound So Bad

[I]  U.S. Inflation Gauge Slid in January

[I]  Consumers’ Cautious Start to 2019 Trims Expectations for Growth

[I]  Economist’s Path From Academia to Politics

[I]  Economy Week Ahead: Retail Sales, Durable Goods, Jobs Report

 

BUSINESS LINE

[I]  RBI seen cutting rate as industrial activity slows

[I]  How agri-GDP growth dried up in last 5 years

[I]  Key changes to income-tax norms, GST law kick in today

[I]  Deadline to link PAN-Aadhaar extended

[I]  Fund-raise via IPOs falls 82% FY19

 

ECONOMIC TIMES

[I]  Should an American recession worry you?

[I]  RBI policy, politics and global cues among 9 top factors steering D-Street in the week ahead

[I]  Resurgent India bulls look to RBI to keep market rally going

[I]  Gold to lose sheen on strengthening of dollar, but long-term trend still positive

[I]  GST officers prodding businesses to deposit taxes by March 31 to meet fiscal target

[I]  Tax refund in the works for exports to US

[I]  Government notifies new accounting standard on leases; effective from Apr 1

 

BUSINESS STANDARD

[I]  Direct tax mop-up reaches Rs 11.5 trn against revised target of Rs 12 trn

[I]  Govt plans to specify a unique colour code for generic medicines

[I]  Car firms pulled almost 13 models off the road in FY19: Siam report

[I]  Smart personalisation, consumer lifestyle push personal care products' sale

[I]  NRIs are buying luxury and affordable homes for rental income: Experts

[I]  ADB to extend $750-millon loan to push railways' electrification drive

[I]  Roll-out of new, simplified monthly GST return forms deferred

[I]  Inflation fine, growth slips and fiscal consolidation is under pressure

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11721;  USDINR DGCX: 69.6950;  DJIA Mini: 26115;  FTSE 100 Fut: 7250;  NIKKEI 225 Fut: 21680;  EUR-USD: 1.1231; Crude Oil (WTI): 60.51;  Gold (Spot): 1294

 

Best Regards, ARBIND

01 Apr 2019