WISH AND THANKS FOR SHARING SMILE WITH WORLD; YOUR SMILE IS PRECIOUS TO EVERYONE. WISHING A BEAUTIFUL WEEKEND AHEAD.

Macro Economic News 09 Mar 2019

                                                                                                                                                       

Reports showed the slowest U.S. hiring in more than a year, a slump in Chinese exports and an unexpected decline in German factory orders. With economies already undershooting expectations by the most since 2013 and the OECD slashing its forecasts, worries are mounting that the recent slowdown will last for longer, although recession fears for now remain limited. The soft patch puts the U.S. and China under pressure to settle their trade war, which has bludgeoned sentiment, and leaves central banks needing to keep monetary policy looser than they were planning into this year. The trends in the global economy have certainly concerned markets.

 

FINANCIAL TIMES

[I]  US hiring comes near to a halt in February

[I]  Gender bias in data affect health and wealth

[I]  The ECB is attempting to get ahead of events

[I]  The rise of private sales at auction houses

 

REUTERS

[I]  Colombia to allow Venezuelans to enter on expired passports

[I]  Trump team has no plan to go to China for trade talks - official

[I]  Indian gold flips to premium as appetite improves in most hubs

[I]  Inflation likely picked up in Feb, but well below RBI target: Reuters poll

[I]  Wall Street's oldest-ever bull market turns ten years old

[I]  Share of foreign investors in Indian public debt down to 3.6 percent: government

 

BLOOMBERG 

[I]  Gets a Reality Check From Slow Growth

[I]  The World Economy Just Had a Rough Week

[I]  U.S. Payrolls Shock Suggests Dawn of a Long-Forecast Slowdown

[I]  The Losing Streak for Plane, Train and Truck Stocks Is Getting Historic

[I]  Rebuilding Trade Trust between the U.S. and EU

[I]  Canada Makes a Tiny Dent in Its Oil Dependence on America

 

WALL STREET JOURNAL

[I]  Hiring Taps Brakes on Expansion

[I]  U.S. Hiring Slows Sharply in February

[I]  February’s Hiring Chill Will Make the Fed Even More Patient

[I]  How Hot Is Your City’s Job Market?

[I]  U.S. Housing Starts Jumped in January

[I]  U.S.-China Trade Talks Hit a Bump

[I]  Productivity Growth Shows Signs of Long-Awaited Strength

 

BUSINESS LINE

[I]  Home buyers turn white knights for real estate developers

[I]  Govt on course to meet fiscal deficit target for 2018-19: Garg

[I]  E-commerce, consumer internet companies raised $7 billion in PE/VC capital in 2018: EY report

[I]  Japan throws open doors of manufacturing, healthcare sectors for Indian firms

[I]  Reservoir storage levels dip to 36% of capacity

[I]  PFRDA wants PE industry to pitch for govt pension monies

 

ECONOMIC TIMES

[I]  Forex reserve soars past $400 billion again

[I]  Share of FPIs in Indian public debt down at 3.6%

[I]  Total government liabilities rise to Rs 83.4 lakh crore in Q3: Finance Ministry report

[I]  Government expects further fall in GST revenues, struggles on direct tax mop-up

[I]  Government expects 1 crore enrollment for new pension scheme by end March

[I]  What India's top women economists predict for 2019

[I]  Promotional offers & free samples won’t attract GST

 

BUSINESS STANDARD

[I]  SBI to link saving deposits, loan pricing to repo rate from May 1

[I]  February car sales down 1.11% on high interest rates, cost of insurance

[I]  Private pharmacy chains warming up to unbranded generic medicines

[I]  No need to pay GST on tax at source on purchase of goods, says govt

[I]  MF equity flows fall for fourth month in February, now at Rs 5,122 crore

[I]  China's GDP growth pace was inflated for nine years, study finds

 

Best Regards, ARBIND
09 Mar 2019

WEAR A SPECIAL SMILE FOR SPECIAL WOMEN WHO ADD SPECIAL SMILE TO ALL RELATIONS OF LIFE. WISHING A SPECIAL WOMEN DAY TODAY.

Macro Economic News 08 Mar 2019

                                                                                                                                                       

The European Central Bank made a U-turn with new plans to stimulate the Eurozone’s faltering economy, while Federal Reserve officials signalled increasing reluctance to raise U.S. interest rates at all, as evidence mounts of a slowing global economy. The ECB unveiled plans for fresh measures to stimulate the faltering economy less than three months after phasing out a $2.9 trillion bond-buying program. A new paper sheds light on why countries with higher levels of government debt relative to the size of their economies typically fare worse after financial crises than countries with lower debt levels.

 

FINANCIAL TIMES

[I]  ECB unveils fresh bank stimulus amid eurozone gloom

[I]  Global regulators launch inquiry into leveraged loans

[I]  S Africa energy regulator rules out big tariff rise

[I]  China’s economy 12% smaller than official data say, study finds

[I]  Fear versus socialism — America’s looming choice

[I]  Africa’s women are rising to challenge discrimination

 

REUTERS

[I]  UK must not win trade deals by going soft on economic crime after Brexit: lawmakers

[I]  Asia stocks slip as ECB reversal rattles markets

[I]  Japan fourth-quarter GDP revised up to 1.9 percent annualized growth

[I]  Dark days ahead for rupee over trade, election jitters: Reuters poll

[I]  'Pervasive uncertainty' pushes top central banks to patient stance

[I]  China tightens rules on wealth management, boosting prospects for foreign banks

[I]  UK PM May to EU: Agree to backstop changes or risk disorderly Brexit

[I]  Under pressure, Canada's Trudeau denies impropriety, offers no apology

[I]  ECB pushes out rate hike, offers cheap cash to banks

[I]  Fed's Brainard sees fewer U.S. rate hikes

 

BLOOMBERG 

[I]  The Fed and ECB Confront a New Normal That Looks a Lot Like Japan's

[I]  China's Factories Are Struggling to Hire Enough Workers

[I]  Some ECB Officials Doubt 2019 Outlook Even After Cut

[I]  Investors Brace for a Bumpy Road as Brazil Starts Pension Reform Talks

[I]  A Crucial Source of Funding for Indian Founders Is Drying Up

[I]  U.S. Small-Business Job Creation Is at Record But Hiring Plans Drop

[I]  Australian Dollar’s Roller-Coaster Day Leaves Traders Gasping for Breath

 

WALL STREET JOURNAL

[I]  Slow Growth Prods Central Banks

[I]  February Jobs Report Expected to Show Continued Strength

[I]  Trump Administration Proposes Expanding Overtime Coverage

[I]  Productivity Growth Shows Signs of Long-Awaited Strength

[I]  Stock-Market Volatility Takes a Bite Out of U.S. Households’ Net Worth

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

[I]  ECB to Launch New Stimulus in Major Policy Reversal

[I]  New Overtime Rule Expected to Boost Pay Eligibility

[I]  Fed Economists Find Tight Labor Market Can Give Boost to Marginalized Workers

[I]  Policy Makers’ Debt Fears Can Worsen Downturns, Say Researchers

 

BUSINESS LINE

[I]  Cabinet allows ministerial panel to decide on price, timing of divestment

[I]  Government clears interest subvention scheme for farmers

[I]  CBDT concession to start-ups: SC directions may queer pitch

[I]  Angel Tax: Will completely nail 'angel tax' problem with 'accredited investor'

[I]  Shrinking rice, wheat acreage pulls down rabi sowing

[I]  To beat rising interest rates, tight liquidity, housing finance firms take the ECB route

[I]  Bank credit shifts from industrial sector to retail segment

[I]  RBI allows white label ATM operators to source cash, generate income from ads

 

ECONOMIC TIMES

[I]  This is the year of startup IPO, like it or not

[I]  Govt may be staring at huge revenue shortfall

[I]  Women asset managers to control $72 trillion by 2020! Look what it means

[I]  RBI notifies 2% interest subsidy scheme for short-term crop loans

[I]  Finance Ministry stares at direct tax revenue shortfall by Rs 70,000 crore to Rs 1 lakh crore

[I]  India unlikely to move WTO as US scraps special tariffs

[I]  Eight sectors to add over 10 crore jobs by 2025: CII

[I]  Few takers for many PSUs put up for sale

 

BUSINESS STANDARD

[I]  Govt approves projects, revival scheme worth Rs 31,000-cr for power sector

[I]  Future of communication is encrypted, private messaging: Mark Zuckerberg

[I]  Relief for industry as govt clears air on levy of GST on promotional offers

[I]  GST exemption limit of Rs 40 lakh for SMEs to be effective from April 1

[I]  US trade deficit with India down by 7% to $1.6 billion in 2018

[I]  Women's employment plunges to 26% in 2018 from 36.7% in 2005: Report

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 11044;  USDINR DGCX: 70.3500;  DJIA Mini: 25478;  FTSE 100 Fut: 7143;  NIKKEI 225 Fut: 21252;  EUR-USD: 1.1192; Crude Oil (WTI): 56.40;  Gold (Spot): 1286

 

Best Regards, ARBIND

08 Mar 2019

A SMILE HAS NO SYNONNYM; IT IS UNIQUE AND VERY SPECIAL, ESPECIALLY YOURS. WISH WE MAKE SOMEONE A WINNER TODAY.

Macro Economic News 07 Mar 2019

                                                                                                                                                     

The U.S. trade deficit in goods reached a record in 2018, defying President Trump’s efforts to narrow the gap, as imports jumped and some exports got hammered by retaliation against U.S. tariffs. Economic activity expanded across the U.S. at the beginning of 2019, with many parts of the country noting the government shutdown led to slower economic activity, according to a Federal Reserve report. The U.S. private sector added 183,000 jobs in February, although the gains were smaller than expected as job creation slowed from a strong performance in January.

 

FINANCIAL TIMES

[I]  Italy set to endorse China’s Belt and Road Initiative

[I]  Blow to Trump as US trade deficit hits 10-year high

[I]  China’s informal curbs unnerve trading partners

[I]  OECD slashes eurozone growth forecasts

[I]  Australia GDP growth misses expectations

[I]  Oil and gas advertising spree signals industry’s dilemma

[I]  Dirty money scandal taints image of Nordic nations

[I]  German bank merger would erode bail-in rules

 

REUTERS

[I]  CEOs tell Trump they are hiring more Americans without college degrees

[I]  Britain's Hunt promises 'doctrine of deterrence' against cyberattacks on democracy

[I]  U.N. rights chief Bachelet warns India over divisive policies

[I]  Tariffs, government shutdown weigh on still-growing economy - Fed

[I]  U.S.-China trade talks progressing well via video conference: USDA official

 

BLOOMBERG 

[I]  China's Double Edged Sword: How to Lure Cash But Keep Control

[I]  Trump’s Big Tax Cuts Did Little to Boost Economic Growth

[I]  Easiest Job in Bonds Turns Exhausting as China Defaults Soar

[I]  U.K. Said to See Early Monday as Cutoff for Talks: Brexit Update

[I]  Flow-Driven Rally in India Rupee May Run Into Wall as Polls Loom

[I]  Wall Street Wants to Reform CDS. Here's Why That'll Be Tough

[I]  Short-Debt Addiction Is Fueling Risks in India

[I]  Wall Street Gets Relief From Tough Aspect of Fed's Stress Tests

 

WALL STREET JOURNAL

[I]  U.S. Trade Deficit in Goods Hits Record

[I]  Fed’s Beige Book: Shutdown Slowed Economic Activity in Some Areas

[I]  U.S. Private Sector Adds 183,000 Jobs in February

[I]  The Trouble With Taxing Wealth

[I]  White House Presses Businesses to Reshape Training Efforts

[I]  U.S.-China Trade Deal Expected to Give Limited Boost to Growth

 

BUSINESS LINE

[I]  Commerce Ministry weighing options of not postponing retaliatory duties on US

[I]  Angel Tax: CBDT gives effect to DPIIT's new regime

[I]  Tata Motors eyes e-comm drive with trucking solution

[I]  Lack of investments by private sector a worry for job market: CII President

[I]  Sugar output at 248 lakh tonnes till Feb 28, says ISMA; ethanol supply set to rise

[I]  More billionaires bloom in Garden City than in Delhi and Mumbai combined

[I]  Britons ready to sacrifice trade deals than allow higher levels of immigration from India/non-EU states

 

ECONOMIC TIMES

[I]  IMF economist points out a big India crisis

[I]  India may take US to WTO over trade snub

[I]  Soon, a lot will change for govt IT workers

[I]  Banks are staring at $25 bn new bad loans

[I]  Giants of India Inc wade into rupee bonds as costs drop

[I]  Driven by its cuisine, Japanese food exports to India jumped 40 per cent in 2018

[I]  No action plan ready against US trade move

[I]  US stops duty benefits for $5.6 billion of Indian exports

[I]  India may impose retaliatory tariffs on US goods from April 1

[I]  Youth inactivity highest in India among emerging markets: IMF economist

 

BUSINESS STANDARD

[I]  TV industry stands divided on BARC's transparency in viewership data

[I]  Coming soon: Higher tariffs on 29 key US imports announced last year

[I]  Dip in sugar prices negates part of Centre's incentives to clear cane dues

[I]  Chinese shares surge to 9-mnth high but fail to ignite broader market rally

[I]  Markets extend winning streak on back of strong inflows from FIIs

[I]  India's billionaire club to grow 37% in 5 years, to beat global average

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11095;  USDINR DGCX: 70.3000;  DJIA Mini: 25631;  FTSE 100 Fut: 7158;  NIKKEI 225 Fut: 21450;  EUR-USD: 1.1313; Crude Oil (WTI): 56.23;  Gold (Spot): 1288

 

Best Regards, ARBIND
07 Mar 2019