MACRO ECONOMIC NEWS

THE BLESSED WEEK BRINGS YOU THE SWEETEST SOOTHING SMELLS OF LIFE. WISHING A CALMING WEEK AHEAD.

Macro Economic News 16 Dec 2019

 

Prime Minister Boris Johnson promises to honour his election pledges to get Brexit done as soon as possible and boost funding to the state health service. Four branches of France's hardline CGT union, including railway and transport workers, threatened to step up protests unless the government withdraws its pension reform proposal this week. President Trump drew concessions from Mexico and China last week while stripping the World Trade Organization of its powers to restrain the tactics he used to secure them, in a series of moves reshaping longtime U.S. trade policy. The U.S. has enjoyed its longest economic expansion on record without triggering inflation as interest rates remain historically low. Climate talks break up with no agreement on carbon trading. Turkey warned over foreign financing lapses whereas Macron signals rethink on French-backed Africa currency. Japan December factory activity shrinks for eighth month, output slump worsens while China November industrial output growth beats expectations. Traders’ body Confederation of All India Traders (CAIT) urged the government to take action against e-commerce companies flouting Foreign Direct Investment (FDI) norms and indulging in unfair practices.

 

FINANCIAL TIMES

[I]  Climate talks break up with no agreement on carbon trading

[I]  US retailers hit by ‘worst year since 2008’ for discounting

[I]  Britain promises EU trade deal by end of 2020

[I]  Detente in US-China trade war only goes so far

[I]  Turkey warned over foreign financing lapses

[I]  Macron signals rethink on French-backed Africa currency

 

REUTERS

[I]  Major states snub calls for climate action as U.N. summit wraps up

[I]  U.S. exports to China to nearly double in 'totally done' trade deal - Lighthizer

[I]  Japan December factory activity shrinks for eighth month, output slump worsens - flash PMI

[I]  China November industrial output growth beats expectations

[I]  Japan's corporate inflation expectations slump, keeps BOJ under pressure

[I]  Welcoming new lawmakers, Johnson vows a speedy Brexit

[I]  Villains or visionaries? Hedge funds short companies they say 'greenwash'

 

BLOOMBERG 

[I]  China’s Yuan Climbs After Trade Deal; Stocks Mixed: Markets Wrap

[I]  Five Things You Need to Know to Start Your Day

[I]  The Most Momentous Rate Decision This Month Isn’t at Fed or ECB

[I]  Activism Rises In Japan as Firms Go Hostile, Investors Speak Out

[I]  Duterte's Philippines Water Rant Wipes Out $2 Billion

[I]  China Injects $2 Billion Into Banking System as Loans Mature

 

WALL STREET JOURNAL

[I]  Trump’s ‘America First’ Trade Vision Comes Into Focus

[I]  Shale Slowdown Takes Economic Toll

[I]  Economists Got the Decade All Wrong. They’re Trying to Figure Out Why.

[I]  North American Trade Deal Is Likely Model for Future Pacts

[I]  Economy Week Ahead: Manufacturing Data From U.S. and China, U.S. Home Sales

 

BUSINESS LINE

[I]  CAIT urges government to take action against e-commerce firms flouting FDI policy

[I]  Union Finance Minister to hold pre-Budget consultations with stakeholders from December 16

[I]  Government examining foreign fund flows in infrastructure at strategic locations

[I]  Mandatory to link PAN Card-Aadhaar by December 31: I-T Department

[I]  Budget 2020: Finance Minister to hold consultations from December 16

[I]  WTO: Interim arrangement to resolve global trade disputes in the works

 

ECONOMIC TIMES

[I]  The Bankrupty Code is not broken, but it still needs to be fixed

[I]  Niti begins work to improve data quality

[I]  14K prosecutions withdrawn under Companies Act

[I]  China central bank warns property speculators

[I]  World economy haunted by risk just got a double shot in the arm

[I]  Brave New World: Monetary policy giving way to fiscal policy; the auto revolution is over

[I]  MCA's 2019 Review: Steps for ease in business, insolvency resolution

[I]  Govt examining foreign fund flows in infra at strategic locations

 

BUSINESS STANDARD

[I]  Budget 2020: Centre may announce sops for states for pollution control

[I]  Lenders step up repossession of commercial vehicles on payment defaults

[I]  GST Council meet may turn stormy over states' cess; Rs 50k-cr dues pending

[I]  Over 9,600 cases worth Rs 3.75 trn disposed of at IBC pre-admission stage

[I]  Triumph India to roll out BS-VI bike in Jan, eyes 5-10% sales boost by June

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 12133;  USDINR DGCX: 70.8075;  DJIA Mini: 28178;  FTSE 100 Fut: 7397;  NIKKEI 225 Fut: 23950;  EUR-USD: 1.1129; Crude Oil (WTI): 59.83;  Gold (Spot): 1475

 

Best Regards, ARBIND
16 Dec 2019