TODAY IS GOING TO BE THE BEST DAY; CELEBRATE IT LIKE NEVER BEFORE. WISHING
A REJOICING DAY AHEAD.
Best
Regards, ARBIND
05 Dec 2019
Macro Economic News 05 Dec 2019
India ranks
73rd in UN index assessing e-commerce readiness while Union Cabinet clears
Personal Data Protection Bill. India will launch its first debt exchange-traded
fund comprising debt of state-run companies in a bid to allow retail investors
to buy government debt. India's demand for diesel will remain subdued until the
second half of 2020. RBI is seen making sixth interest rate cut, but no cure
for economy's ills whereas Losses from frauds due to white-collar crime rise
80% from last year. Treasury Secretary Steven Mnuchin said that the U.S. has
“serious concerns” with proposals being discussed in the global rewrite of
corporate tax rules. Service-sector activity across the U.S. expanded in
November whereas the U.S. nonfarm private sector added 67,000 jobs same period,
missing economists’ expectations by a wide margin. Japan manufacturers turn
less pessimistic with service sector mood brightens. Germany is set to end 2019
with big budget surplus that then shrinks. New Zealand gives banks seven years
to raise capital buffers while Chile holds key rate as protests sink peso and
halt growth and Brazil to review third-quarter growth after export data debacle.
Romania says it has buffer to stave off any funding pressure although analysts
feel that the end of imaginary stimulus may be a real risk to markets in 2020.
MARKETS (08:00
am)
[I] SGX NIFTY Fut: 12072; USDINR DGCX: 71.6275; DJIA Mini: 27637; FTSE 100 Fut: 7193; NIKKEI 225 Fut: 23300; EUR-USD: 1.1082; Crude Oil (WTI): 58.17; Gold (Spot): 1475
05 Dec 2019
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