MACRO ECONOMIC NEWS

GIFT THIS WEEK TO YOUR LOVED ONE, YOU LAUGH WITH. WISHING A HAPPIEST WEEK AHEAD.

Macro Economic News 13 May 2019

 

Indian Corporate credit offtake rises in FY19. India and South Africa are pushing for convergence on e-comm at pre-WTO meet of developing nations. The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests. A new round of U.S. tariffs poses a big challenge for Chinese officials trying to manage an already-stumbling economy. Federal Reserve Bank of New York President John Williams said the outlook for the U.S. economy remains bright and the central bank’s interest-rate policy is in the right place to ensure it stays that way.

 

FINANCIAL TIMES

[I]  Trump-Xi trade talks likely at G20 summit, says US

[I]  ECB contender says it must work harder to woo public

[I]  German business urges voters to resist populists

[I]  US rift with Europe widens ahead of Orban visit

[I]  US trade hawks flying high in battle with China

[I]  Pakistan and IMF negotiators reach $6bn loan deal

[I]  Federal Reserve rethink faces a credibility challenge

 

REUTERS

[I]  Trump says the U.S. is 'right where we want to be with China'

[I]  Yen gains but yuan, Aussie dip as U.S.-China trade war escalates

[I]  UK lawmakers square up to regulator over duty of care for banks

[I]  Venezuela reopens border where migrants used trails to reach Brazil

[I]  U.S. and China at impasse over trade, Kudlow says new tariffs will remain

[I]  China's door to talks with U.S. on trade always open - state media

[I]  Germany's Thyssenkrupp agrees restructuring approach with labour leaders

[I]  ECB's Nowotny: Euro-zone growth to strengthen in latter half of '19 - Nikkei

[I]  India inflation likely crept up to six-month high in April: Reuters poll

 

BLOOMBERG 

[I]  Trade War Tops Emerging-Market Worries Again as Skepticism Grows

[I]  Yen Strengthens Amid U.S.-China Uncertainty

[I]  Gulf Widens in U.S.-China Trade Talks as Trust Eroded

[I]  Trump's Tariff Tweets, Fed Cuts Ahead, 7% Growth Club: Eco Day

[I]  London Housing Is Taking the Hardest Brexit Hit, Acadata Says

[I]  Foreigners Can Soon Own More China Stocks. But No One Wants Them

 

WALL STREET JOURNAL

[I]  As U.S. Raises Tariffs, China Faces Nagging Debt Questions

[I]  Volatility in Stocks Could Unravel Bets on Calm Markets

[I]  Small Businesses Are Squeezed by Tight Labor Market

[I]  Economy Week Ahead: Retail Sales, Industrial Production Data

[I]  Interest-Rate Policy in Right Place to Ensure Continued Expansion, Says New York Fed President

 

BUSINESS LINE

[I]  Corporate credit offtake rises in FY19, but no material change seen

[I]  How NPS has secured retirement of govt staff better than EPFO

[I]  ‘Income, most important determinant of bank deposits’

[I]  Insolvency: Institutional creditors may have to fork out liquidation costs upfront

[I]  India, South Africa to push for convergence on e-comm at pre-WTO meet of developing nations

[I]  Need to breathe life back into WTO

 

ECONOMIC TIMES

[I]  RBI study finds why there's a dip in bank deposits

[I]  What is driving HNIs away from India

[I]  NBFC crisis imminent, says Corp Affairs Secy

[I]  Geopolitical tensions, central banks’ buying to support gold

[I]  Finance ministry reworking strategic sale procedure for CPSEs

[I]  Millionaires fleeing India in larger numbers: Report

[I]  MCA-21 version 3 to offer ease of doing biz, online compliance monitoring

[I]  View: Public services provided by private players need strict monitoring

[I]  MCA-21 is on real-time basis, ghost cos get ousted via KYC drive: Government

 

BUSINESS STANDARD

[I]  After staples, discretionary categories feel the pinch of slowdown

[I]  Corporate India facing multiple probes over the past three months

[I]  E-pharmacies find growth pill despite regulatory worries, legal tussles

[I]  Positive sentiment continues for manufacturing sector in Q4: Ficci

[I]  Price premium concerns continue for IT sector on cramped client spending

[I]  Keep more money in your purse, NHB tells housing finance companies

[I]  RBI study bats for steps to benefit stock markets, boost deposits

[I]  Rising capacity utilisation does not square up with slowing economy

[I]  India among Asian economies set to dominate 7% growth club during 2020s

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11252;  USDINR DGCX:70.1075;  DJIA Mini: 25732;  FTSE 100 Fut: 7182;  NIKKEI 225 Fut: 21253;  EUR-USD: 1.1233; Crude Oil (WTI): 61.61;  Gold (Spot): 1285

 

Best Regards, ARBIND

13 May 2019