MACRO ECONOMIC NEWS

MUCH WILL BE CHANGED TODAY; EXCEPT OUR TRUST IN OURSELVES. WISHING A MAGNIFICENT WEEK AHEAD.

Macro Economic News 18 Nov 2019

 

British Prime Minister Boris Johnson set out plans to end preferential treatment for European Union migrants. Fewer US workers switching jobs may explain why wages have been rising only slowly and inflation staying low, despite low unemployment, some economists say. Unemployment in Europe is at its lowest level in a generation, yet workers complain about jobs without benefits or stability as “They’re garbage jobs.” Lebnon economy also skids and jobs are in firing line. Hong Kong’s job market starts weakening as recession deepens; Emerging Markets grapple with low volatility amid rate-cut pause but rising share prices mask troubled global economy.

 

 

India is poised to produce a global tech titan. India has initiated development projects worth ₹50,000 crore in Ladakh; drafted an industrial policy targets $ 1 tn gross value addition in manufacturing by 2025; considering new norms to ease restrictions on FDI by joint ventures of Indian companies and raising deposit insurance may be raised to Rs 5 lakh while DPIIT may cut compliance time to 1 hour/month considering Startup India Vision 2024. in the contrast, India Inc Q2 profit at 15-yr low whereas NCEAR find Q2 GDP growth to decline to 4.9%; Green certificate sales went down by 2.25% in October while NSO's junked consumer expenditure survey shows inequality gap declining.

 

FINANCIAL TIMES

[I]  Russian envoy praises Macron stance on EU enlargement

[I]  Germans fall out of love with wind power

[I]  EU set to offer derivatives industry one-year Brexit reprieve

[I]  African energy independent finds oil off Ghana coast

[I]  India is poised to produce a global tech titan

[I]  Rising share prices mask troubled global economy

 

REUTERS

[I]  UK PM Johnson pledges to end Brexit uncertainty, says it has paralyzed economy

[I]  Lebanon sinks deeper in crisis after Safadi withdrawal

[I]  Tunisia's PM-designate promises to revive hope for frustrated youth, reform state firms

[I]  Trump hails 'cash' to farmers, U.S. aid in China trade war

[I]  Over half of India's coal-fired power plants set to miss emission norm deadline

[I]  UK PM sets out immigration plans as Conservatives hit two-year poll high

[I]  Indonesia needs to urgently establish data protection law: minister

[I]  'We can't take it anymore': As Lebanon economy skids, jobs in firing line

[I]  China, U.S. had 'constructive' phone call on trade - Xinhua

[I]  Untimely rains hit India's summer crops, delay rural economy recovery

 

BLOOMBERG 

[I]  Lagarde Takes the Lead as Central Banks Come to Fore

[I]  Women Desert Trading Floors as Bias Blocks Path to Management

[I]  Pimco Says Emerging Currencies Are Near Cheapest in Two Decades

[I]  London Home Prices Resume Slide as Sellers Hold Back Listing

[I]  Oil Holds Gains Near 2-Month Highs on U.S.-China Trade Hopes

[I]  Baht Vies With Won for Title as Asia’s Best-Performing Currency

[I]  Philippine Stocks May Reaccelerate Into Year-End on Profits, GDP

[I]  Hong Kong’s Job Market Starts Weakening as Recession Deepens

[I]  India’s Central Banker Faces an Increasingly Tough Balancing Act

[I]  Pension Giants Down Under Join Global Push Into Private Credit

[I]  Argentina President-Elect Fernandez Says He Won’t Rush Debt Deal

[I]  Emerging Markets Grapple With Low Volatility Amid Rate-Cut Pause

[I]  Bond Market’s Fate Hangs in Balance Before Trade-War Crunch Time

 

WALL STREET JOURNAL

[I]  One Explanation for Weak Wage Growth: Workers’ Reluctance to Switch Jobs

[I]  Europe’s New Jobs Lack Old Guarantees—Stoking Workers’ Discontent

[I]  Economy Week Ahead: U.S. Sentiment and Housing-Sector Readings

[I]  U.S. Retail Sales Rebounded in October

[I]  Fed Flags Elevated Asset Prices, High Debt as U.S. Risks

 

BUSINESS LINE

[I]  Non-filers of GST returns may face cancellation of registration

[I]  CBIC to act tough following lower-than-expected tax mop-up

[I]  Centre has initiated development projects worth ₹50,000 crore in Ladakh: Amit Shah

[I]  Draft industrial policy targets $ 1 tn gross value addition in manufacturing by 2025

[I]  GST Authority to hold nation wide consultation on new return forms on December 7

[I]  Q2 GDP growth to decline to per 4.9 per cent: NCAER

[I]  Green certificate sales down 2.25% to 6.87 lakh in October

 

ECONOMIC TIMES

[I]  Why green business is a good business for India

[I]  The ringing success in 'Make in India' story

[I]  Govt's disinvestment plans on track: FM

[I]  Oman provides India strategic depth in West Asia and Eastern African region

[I]  New norms to ease restrictions on FDI by joint ventures of Indian companies

[I]  Govt considering to reintroduce restrictions on royalty payments

[I]  PSUs must be subjected to governance norms on par with pvt firms: CII

[I]  FM Nirmala Sitharaman holds meeting to ease process of filling GST forms

 

BUSINESS STANDARD

[I]  NSO's junked consumer expenditure survey shows inequality gap declining

[I]  Paying your income tax may soon become as easy as swiping a card at a shop

[I]  Niti's National Energy Policy to be umbrella plan for all energy ministries

[I]  India Inc Q2 profit at 15-yr low on record telco losses, net sales dip 0.8%

[I]  Deposit insurance may be raised to Rs 5 lakh; new wholesale plan in offing

[I]  MSME ministry likely to streamline existing schemes for better results

[I]  Rescue financiers call for ministry's protection in insolvency proceedings

[I]  Startup India Vision 2024: DPIIT may cut compliance time to 1 hour/month

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11944;  USDINR DGCX: 71.7250;  DJIA Mini: 27936;  FTSE 100 Fut: 7291;  NIKKEI 225 Fut: 23320;  EUR-USD: 1.1058; Crude Oil (WTI): 57.74;  Gold (Spot): 1466

 

Best Regards, ARBIND
18 Nov 2019