MACRO ECONOMIC NEWS

UNBELIEVABLE HAPPENS, LET LOOSE THE EDGE. WISHING AN INCREDIBLE DAY AHEAD.

Macro Economic News 01 May 2019

 

The government is trying to incorporate insights from the massive amounts of information that firms collect, as part of doing business, into official economic indicators. The Conference Board’s index rose to 129.2 in April from 124.2 in March. A separate gauge of the short-term outlook increased to 103 from 98.3. As U.S. and Chinese officials try to close a trade deal, the punitive tariffs the governments slapped on each country’s goods in the conflict stand as a major obstacle. The Eurozone economy regained some lost momentum at the start of 2019, offering fresh evidence of surprisingly resilient global growth amid lingering uncertainties about trade with the U.S. and the strength of demand for its exports from China. Home-price growth slowed to its lowest level in nearly seven years in February, a clear sign that the housing market is moderating heading into spring.

 

FINANCIAL TIMES

[I]  Trump drops cyber theft demands for swift deal with China

[I]  Hedge funds pile into bets on continued calm

[I]  Global economy shrugs off latest rise in oil prices

[I]  Eurozone economy delivers surprise first-quarter rebound

[I]  Kosovo’s president warns of return to ethnic conflict

[I]  EU-Canada trade deal is legal, says Europe’s top court

[I]  France to delay cutbacks to nuclear power by a decade

[I]  Indonesia plans to spend $33bn moving its capital

[I]  Taiwan economy stumbles as global tech downturn worsens

 

REUTERS

[I]  India apprehensive Iran sanctions could boost oil, inflation

[I]  Oil prices fall on rising U.S. stockpiles, but global markets remain tense

[I]  New Mexico opens state migrant shelter, criticizes federal inaction

[I]  China, U.S. start latest trade talks after 'nice' working dinner

[I]  Latest round of China-U.S. trade talks start in Beijing

 

BLOOMBERG 

[I]  Asia's Economies Can Fight Off Trade War and Global Headwinds, Says Report

[I]  White House Says Ready to Walk If No China Trade Deal Soon

[I]  China Unveils Plans to Further Open Up Banking and Insurance Sectors

[I]  Australia Property Slump May Be Through Worst as Drop Moderates

[I]  Australian Pension Mergers Gather Pace With A$25 Billion Deal

[I]  Asia's Best Bond Returns Aren't Enough to Lure Global Investors

 

WALL STREET JOURNAL

[I]  Government Economists Turn to Big Data to Track the Economy

[I]  U.S. Employment Costs Climbed in First Quarter

[I]  U.S. Consumer Confidence Climbed in April

[I]  Tariffs That Started the U.S.-China Trade Conflict Now Dog Its Finish

[I]  In Sign of Resilient Global Growth, Europe Regains Momentum

[I]  Trump Repeats Calls for Fed to Stimulate Growth

[I]  Home-Price Growth Slows to Lowest Level Since 2012

[I]  Inflation Is Likely to Fuel Discussion as Fed Officials Meet

 

BUSINESS LINE

[I]  Monsoon onset may be delayed by a week

[I]  Core industries’ growth improves to 4.7% in March

[I]  Power capacity additions slow down in 2018-19

[I]  Solar power swings between hope & despair

[I]  Be wary of speculators whipping up crude frenzy

 

ECONOMIC TIMES

[I]  Businesses need to reinvent with a human focus, says Deloitte Human Capital report

[I]  Navoi region of Uzbekistan rich in mining woos Indian business

[I]  Inflation: Mirage or monster?

[I]  Infra sector growth improves to 4.7% in March

 

BUSINESS STANDARD

[I]  NBFCs face tough times, struggle with funds as banks turn risk-averse

[I]  Consumers ask brands to respect line between privacy and personalisation

[I]  Tax benefit issue sets companies, GST body on collision course again

[I]  Tour operators merge online with offline to tap digital customers

[I]  CBDT and GSTN sign pact to nab evaders, reduce black money generation

 

MARKETS (11:30 am)

[I]  SGX NIFTY Fut: 11844;  USDINR DGCX:69.9150;  DJIA Mini: 26680;  FTSE 100 Fut: 7410;  NIKKEI 225 Fut: 22350;  EUR-USD: 1.1215; Crude Oil (WTI): 63.28;  Gold (Spot): 1279

 

Best Regards, ARBIND
01 May 2019