MACRO ECONOMIC NEWS

MOTHER, THE SWEETEST LOVE, IS THE NAME OF GOD ON LIPS AND HEART. WISHING THE HAPPIEST WEEKEND EVER.

Macro Economic News 11 May 2019

 

India inflation likely crept up slightly to a six-month high in April. The world’s two largest economies appear to be headed in different directions. U.S. and Chinese trade negotiators failed to break an impasse following two days of globally watched trade talks, as both sides tried to prevent sentiment from deteriorating further. ECB member Nowotny expects euro-zone economy to see stronger growth in the latter half of 2019. U.S. inflation softened in April, reinforcing expectations the FED will maintain its wait-and-see posture on interest rates. U.S. debates to have a minimum wages of $15 an hour. The U.S. budget gap widened 38% in the first seven months of the fiscal year as federal spending outpaced tax collections. Cross-border investment has come under pressure as national-security concerns rise and multinationals hedge their bets.

 

FINANCIAL TIMES

[I]  Trump signals tougher line after trade talks end

[I]  Iranians on edge as stand-off with US intensifies

[I]  Surprise export growth boosts Germany

[I]  Chinese companies caught off guard by sudden US shift

[I]  China’s industrial-military hawks flex their anti-US muscles

[I]  Canada defies slowdown fears with record job growth in April

[I]  China overestimated Trump’s desperation to do a deal

[I]  UK’s smaller banks navigate tepid economic growth

 

REUTERS

[I]  China, U.S. to hold more trade talks as Trump ratchets up tariff threat

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

[I]  Instant view: U.S.-China trade talks end with deal uncertain

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

[I]  ECB's Nowotny: Euro-zone growth to strengthen latter half of 2019 - Nikkei

[I]  Tame U.S. inflation seen keeping Fed on the sidelines

 

BLOOMBERG 

[I]  U.S. Gives China a Month for Trade Deal as Talks Deadlocked

[I]  Fed Officials Warn Rising Inequality Threatens U.S.’s Long-Term Economic Strength

[I]  After Tough Winter, Canada’s Economy Shows Signs of Strength

[I]  The Trade Fight Between the U.S. and China Is Weighing on Oil Prices

[I]  These U.S. Stocks May Be Shielded as Trump’s Trade War Hits

[I]  Fed Seen as More Likely to Cut Rates After U.S. Tariff Boost

[I]  Hedge Funds Vindicated by Trade War Twists That Sank Soybeans

[I]  Canadian Dollar Looks ‘Egregiously’ Undervalued, Scotiabank Says

 

WALL STREET JOURNAL

[I]  U.S.-China Trade Talks End Without a Deal

[I]  With Trade Deal in Jeopardy, Trump Pledges Aid to Farmers

[I]  U.S. Consumers Poised to Take the Hit From Higher Tariffs on Imports From China

[I]  Soft Underlying Price Pressures Reaffirm Fed’s Patient Posture

[I]  Push for a $15 Minimum Wage Divides Democrats

[I]  U.S. Budget Deficit Grew 38% in First Seven Months of Fiscal 2019

[I]  Third of Middle Class Can’t Cover $400 Surprise Expense

[I]  Chinese-U.S. Economic Integration Frays as Trade Talks Stumble

[I]  China Trade Talks Complicate Outlook for Trade Deficit

 

BUSINESS LINE

[I]  At 0.1%, March industrial output hits 21-month low

[I]  Emerging, poor nations will try for consensus on WTO issues at Delhi meet

[I]  How China overtook India in growth — early start and better decisions

[I]  Universal basic income, an ethical option

[I]  Needed, a mandatory tax disclosure law

[I]  20-member CEOs’ team to visit Israel to study country’s tech ecosystem

[I]  Global black tea output up 7.60% in Q1

 

ECONOMIC TIMES

[I]  Govt opens up on the mystery of missing firms in GDP database

[I]  Forex reserve up by $171.9 million at $418.7 billion

[I]  Industrial output contracts 0.1% in March, lowest in 21 months

[I]  Does India have a second chance to replicate China to become the global centre for manufacturing?

[I]  FMCG distributors face GST scrutiny for post-sale discounts

[I]  Agri, processed food exports up 7% in FY19

[I]  Car dealers on taxman’s radar over discounts & freebies to customers

[I]  India seeks greater access for agricultural, milk products, bovine meat in Chinese market

 

BUSINESS STANDARD

[I]  IIP contracts 0.1% in March as manufacturing sector growth slows down

[I]  Donald Trump in no hurry to sign deal with China as trade war escalates

[I]  Indian firms are most optimistic about trade, economic growth: Stuart Tait

[I]  WTO dispute settlement body to be in focus at mini-ministerial meet

[I]  US firms see no ease of doing business in India: Here're the main issues

[I]  Economic slowdown, unbranded generics growth pull down medicine sales

 

 

Best Regards, ARBIND

11 May 2019