MACRO ECONOMIC NEWS

BEAUTY IS THE NATURE; NATURE IS THE ONENESS; ONENESS IS THE BEAUTY. WISHING A STUNNING WEEK AHEAD.

Macro Economic News 25 Nov 2019

 

India's urban unemployment rate between January and March this year was 9.3%, the lowest in at least four quarters, according to an unpublished government report reviewed by Reuters. Many of the biggest U.S. companies are moderating their spending on equipment and other capital investment, as an uncertain business environment prompts some to postpone or shelve otherwise promising projects. Investors are shrugging off weak data and trade snags that would have roiled markets just months ago, convinced that easing by central banks and a deal between the U.S. and China will keep stocks on a roll. Baby boomers are getting ready to sell one quarter of America’s homes over the next two decades. The problem is many of these properties are in places where younger people no longer want to live.

 

FINANCIAL TIMES

[I]  European banks slash $280bn from main US businesses

[I]  Tory manifesto leaves door open to no-deal Brexit

[I]  Paris promises ‘unique’ trade deal if UK plays fair

[I]  Coal-reliant nations ‘wiser’ not to rely on EU funds

[I]  Nigerian border closures cut smuggling but drive up prices

[I]  Complacency could yet threaten the eurozone

 

REUTERS

[I]  India's urban unemployment rate slows in March quarter

[I]  Dollar boosted by trade progress signs, Brexit promise lifts sterling

[I]  UK PM Johnson offers up new Brexit promise for Christmas

[I]  No 'phase two' U.S.-China deal on the horizon, officials say

[I]  India courts private hospitals to boost insurance programme

[I]  China should lower small banks' capital replenishment barriers: People's Daily

[I]  Still hope for U.S.-China deal this year - U.S. official

[I]  Argentina creditors jockey for lead ahead of $100 billion debt talks

[I]  Pakistan's central bank holds key interest rate at 13.25%

 

BLOOMBERG 

[I]  Black Friday, Spending Put U.S. Consumer in the Spotlight

[I]  China’s Rare-Earth Boost Threatens U.S., Australia Growth Plans

[I]  Dubai Economy Grew 2.1% in First Half of 2019, Says Media Office

[I]  Dubai Property May Not See Meaningful Recovery in Near Term: S&P

[I]  Swiss Rate Cut Can’t Be Ruled Out, SNB Chief Economist Says

[I]  Negative Rates Can Do a Lot More Damage Yet: a Nordic Warning

 

WALL STREET JOURNAL

[I]  U.S. Firms Pull Back on Investment

[I]  What Bad News? Investors Keep Stocks Rising

[I]  Firms Warn of Risks in Plan to Take Fannie Mae, Freddie Mac Private

[I]  Automobile Woes Cast Cloud Over Eastern Europe

[I]  OK Boomer, Who’s Going to Buy Your 21 Million Homes?

 

BUSINESS LINE

[I]  Key WTO body may become dysfunctional from December 11

[I]  Post Brexit, India can use Ireland as window to EU: Envoy

[I]  PSUs need roadmap for growth, exports: CII report

[I]  India’s PSUs should bid for international projects as consortium: report

[I]  Government to consider cut in reserve price of rice

[I]  India’s urban unemployment rate drops to 9.3% in Jan-March 2019

 

ECONOMIC TIMES

[I]  Govt plans changes in bankruptcy law

[I]  Gold imports dip 9% during April-October

[I]  GoM set up to resolve land leasing issues

[I]  Govt plans to scrap e-comm ‘gifts’ to curb China imports

[I]  Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution

[I]  View: Sliding economy needs serious structural fixes

 

BUSINESS STANDARD

[I]  Lenders likely to opt for IBC for debt resolution of big accounts

[I]  Navigating a crisis: Tighter norms, coexistence with banks, future of NBFCs

[I]  Story in numbers: Killer roads, fatal rides cost India 5% of GDP every year

[I]  Delhi's Khan Market world's 20th most expensive retail location: Report

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11940;  USDINR DGCX: 71.7825;  DJIA Mini: 27950;  FTSE 100 Fut: 7347;  NIKKEI 225 Fut: 23340;  EUR-USD: 1.1025; Crude Oil (WTI): 57.87;  Gold (Spot): 1461

 

Best Regards, ARBIND
25 Nov 2019