MACRO ECONOMIC NEWS

A DAY TO CELEBRATE A JOURNEY OF THE SELF TO THE SELF THROUGH THE SELF. WISHING A SELFLESS DAY AHEAD.

Macro Economic News 21 Jun 2019

 

Economic activity clearly losing traction- RBI Guv. Centre begins groundwork for 100 innovation centres. Like it or not, the Fed is the world’s central bank. Thus, it is now signalling it will likely cut rates in coming months, not because the U.S. is headed into recession, but because shadows are growing over the rest of the world. The Trump administration has no plans to cap H-1B work visas for nations that force foreign companies to store data locally, the State Department said. U.S. companies brought home more profits stashed overseas in 2018, the first year after the tax-law overhaul, than initially estimated.

 

FINANCIAL TIMES

[I]  Trump says ‘hard to believe’ downing of US drone was intentional

[I]  Music industry targets troll farms distorting streaming revenues

[I]  Putin admits to Russians’ anger over faltering economy

[I]  Capital flight fears as China tightens Hong Kong grip

[I]  Fed waits for more information before cutting rates

[I]  UK suspends new arms export licences to Saudi-led coalition

[I]  Early G20 talks reveal frustration with China and US

 

REUTERS

[I]  U.S. has no plans to cap H-1B work visa program: State Department

[I]  India's flagging economy needs urgent boost amid muted inflation: MPC minutes

[I]  France's Macron says three lead candidates for EU Commission presidency failed to get support

[I]  Impact of further U.S. tariffs on Chinese economy likely limited: regulator in People's Daily

[I]  As ratings drop, Putin defends record, says better life awaits Russians

[I]  Explainer: U.S.-China trade talks - where they are and what's at stake

[I]  Divided EU to urge return to talks on euro zone integration

 

BLOOMBERG 

[I]  Gold Futures Top $1,400 as Global Central Banks Turn Dovish

[I]  Japan’s Inflation Slows in May as Pressure to Act Builds on BOJ

[I]  Easy Does It Across Global Central Banks in 2019’s Busiest Week

[I]  Norway Rushes to Hike Interest Rates Before Oil-Stoked Boom Ends

[I]  SNB’s Old Threat Returns as Federal Reserve, ECB Go Dovish

[I]  Investors Make Biggest Share of U.S. Home Purchases in 20 Years

[I]  China Is Missing Out on Huge Bond Rally Taking Off Globally

[I]  French Economy Hit by Euro-Area Slowdown as Insee Cuts Outlook

[I]  House-Flipper Sees Big Profits in Japan's 8 Million Empty Homes

 

WALL STREET JOURNAL

[I]  Trump on Fed Decision: ‘You Can’t Win ‘Em All’

[I]  U.S. Companies Brought Home More Profits From Overseas

[I]  World Looms Large in Fed Rate Plans

[I]  Fed’s Bullard Voted Against Rate Decision

[I]  U.S. Jobless Claims Decreased Last Week

[I]  Women Working Longer Hours, Sleeping Less, as They Juggle Commitments

[I]  Real Time Economics: The Fed Didn’t Cut…Yet

 

BUSINESS LINE

[I]  Replicate the Swachh Bharat model to tackle water crisis, President tells MPs

[I]  Despite loan waiver, farmer suicides have continued unabated: Maharashtra govt

[I]  EB5 visa to US gains in popularity, but proposed new norms may play spoilsport

[I]  Solar-power project brings sunshine to the lives of farmers, curbs migration

[I]  Recovery of bad debt from steel cos to dip

[I]  Fresh ‘low’ in Bay will oversee monsoon revival

[I]  Foreign exchange trading platform for retail participants ready for Aug 5 rollout, says RBI

 

ECONOMIC TIMES

[I]  Economic activity clearly losing traction: RBI Guv

[I]  RBI says forex retail trading platform ready for rollout on Aug 5

[I]  Worst growth in decade for corporate bond market fuels concern

[I]  10-year bond yields at 20-month low on Fed rate cut hints

[I]  Centre begins groundwork for 100 innovation centres

[I]  Centre, states need to pursue labour law reforms: SBI report

 

BUSINESS STANDARD

[I]  Auto, realty companies may not get relief at GST Council meet today

[I]  EPFO halts investment in private sector bonds due to NBFC crisis

[I]  Govt may raise income-tax threshold in Budget to revive economy

[I]  Despite high price and demand, farmers not interested in maize

[I]  Government notified rate for land goes down by 20% in Madhya Pradesh

[I]  Worst growth for India's corporate bonds in over 10 years fuels concern

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11857;  USDINR DGCX: 69.5325;  DJIA Mini: 26755;  FTSE 100 Fut: 7426;  NIKKEI 225 Fut: 21360;  EUR-USD: 1.1302; Crude Oil (WTI): 56.65;  Gold (Spot): 1407

 

Best Regards, ARBIND

21 Jun 2019