COLOUR YOUR THOUGHT WITH THOUGHT OF COLOURING LIFE. WISHING A MUSING WEEKEND AHEAD.

Macro Economic News 16 Mar 2019

                                                                                                                                                       

U.S. manufacturing output declined for the second consecutive month in February, a fresh sign that a long-predicted slowdown is hitting the U.S. economy. U.S. consumer sentiment rose, a sign that consumers may be feeling more optimistic. A top European Central Bank official called for a review of the ECB’s strategy after its latest economic forecasts suggested it won’t hit its inflation target for years, underscoring that the goals of major central banks may be unattainable amid deep changes in the global economy. Economists are pushing farther out into the future their forecasts.

 

FINANCIAL TIMES

[I]  Italy eyes loans from China-led development bank

[I]  UK carmakers to idle plants despite Brexit delay

[I]  China passes law in bid to ease overseas investor concerns

[I]  Turkey risks US ire over Russia air defence deal

[I]  North Korea threatens to end US talks and restart tests

[I]  Brexit confusion has roots in decades of mutual suspicion

[I]  Admission scandal shows US meritocracy is a sham

 

REUTERS

      [I]  U.S. regulators want public's view on cars with no steering wheel, brakes

[I]  Trump vetoes measure to end his emergency declaration on border wall

[I]  U.S. requests consultations with South Korea under trade deal

[I]  India's February trade deficit narrows to $9.60 billion

[I]  Trump's trade war cost U.S. economy $7.8 billion in 2018: study

[I]  Fed to raise interest rates once more in third quarter, then done

[I]  U.S. manufacturing sector slowing as economy loses steam

 

BLOOMBERG 

[I]  From Poster Child to Problem Child: The Canadian Dollar in 2019

[I]  The Era of Cheap Money Shows No One Knows How Monetary Policy Works

[I]  Hedge Funds Versus Analysts: Corn Predictors Are Squaring Off

[I]  Oil Bulls Stick to Their Guns Ahead of Make-or-Break OPEC Summit

 

WALL STREET JOURNAL

[I]  Nashville’s Job Market Hits High Note

[I]  Manufacturing Pullback Flashes Signs of Economic Slowdown

[I]  U.S. Consumer Sentiment Improved in March

[I]  U.S. Job Openings Ticked Up to 7.58 Million in January

[I]  ECB Official Calls for Fresh Look at Strategy, Tools

[I]  Bank of Japan Takes Gloomier View of Economy

[I]  WSJ Survey: Economists See Fed Putting Off Next Rate Increase

 

BUSINESS LINE

[I]  India Inc must adopt change mantra: Manmohan

[I]  Jaitley: Consensus is the secret behind success of GST rollout

[I]  Big role for corporates in social change

[I]  An evening to celebrate the ‘change agents’

[I]  No question of giving up special privileges at WTO, say larger developing countries

[I]  Instead of price cuts, firms can raise product weight to pass on GST benefit: NAA chief

 

ECONOMIC TIMES

[I]  Why draft e-comm policy may hurt startups

[I]  US oil retreats from 2019 high on soaring production

[I]  Kharif pulses procurement 55% short of target

[I]  Social media abuzz with calls for boycott of Chinese products

[I]  India expects increase in export of fruits and vegetables post Brexit

[I]  Imports of Chinese auto parts set to rise as government pushes for electric cars

[I]  India's trade deficit narrows sharply to a 17-month low in February

[I]  Govt banking on advance tax collection to meet direct tax target of Rs 12 lakh cr

[I]  India's top government adviser says election won't stop reforms

 

BUSINESS STANDARD

[I]  Sensex reclaims 38,000 as FPIs increase buying; rupee ends at 7-month high

[I]  Compliance eased for US companies operating in India, says CBDT

[I]  Trade deficit narrows to $9.59 billion in Feb, exports grow by 2.4%

[I]  Realty firms under anti-profiteering lens for not passing GST benefits

[I]  Pending petroleum subsidy held back to make room for PM-Kisan scheme

[I]  India may stop refined gold imports in next five years, say experts

 

Best Regards, ARBIND

16 Mar 2019

COLOUR CARRIES THE SPIRIT FROM WILDERNESS TO THE PROMISED LAND. WISHING AN ANGELIC DAY AHEAD.

Macro Economic News 15 Mar 2019

 

Economists sharply lowered their forecasts for employment and economic growth in the first quarter in a new Wall Street Journal survey, after recent government data suggested the U.S. economy is cooling. China made last-minute changes to a proposed foreign-investment law, trying to address U.S. complaints about forced technology transfer and bolster a compromise seen as crucial to striking a trade deal. Economists are pushing farther out into the future their forecasts for when the Federal Reserve will next raise interest rates, and a growing number say the central bank’s next move will be a rate cut. Sales of new homes in the U.S. fell in January, signalling a weak start to 2019 for the troubled U.S. housing industry.

 

FINANCIAL TIMES

[I]  US Senate votes to block funding for Trump wall

[I]  Parliament backs government proposal to delay Brexit

[I]  Downing Street optimism rises over Brexit deal prospects

[I]  European Nato countries trail on military spending

[I]  Chinese factory-output growth slows to weakest on record

[I]  Algeria’s prime minister pledges roles for youth and women

[I]  Greece maps the long way back to a Brexit deal

[I]  Time to change the student funding model in the US

 

REUTERS

[I]  India LNG demand journey to be shaky, slow due to infrastructure limits

[I]  RBI's liquidity gambit may succeed where rate cut failed - analysts

[I]  Global gloom may force Japan central bank to temper its outlook

[I]  Japan's finance minister warns BOJ against insisting on hitting price goal

[I]  Brazil Supreme Court decision seen as 'blow' to Car Wash probe

[I]  On Japan Sea coast, small firm shows scars of China's economic woes

[I]  In Venezuela, not even the dollar is immune to effects of hyperinflation

[I]  British lawmakers overwhelmingly back Brexit delay

[I]  Bank of Canada sees rising global debt as top threat to growth

[I]  Trump says probably will know in 3-4 weeks about China trade deal

[I]  India's February WPI inflation accelerates to 2.93 percent

 

BLOOMBERG 

[I]  A Declawed Fed Is All That Matters to a Lot of Bulls

[I]  Shake Shack Tests Four-Day Work Week Amid Tight U.S. Job Market

[I]  Secret Deals on China Distressed Debt Start to Unfreeze Trading

[I]  Junk Debt Investors Win Few Breaks on ‘Worst Ever’ Covenants

[I]  King of Indian Bond Sales Warns of the Biggest Crisis Since Lehman

[I]  Australia's Spending Bonanza Gives Central Bank Breathing Room on Rates

 

WALL STREET JOURNAL

[I]  Economists Cut Forecasts for Jobs, Economic Growth

[I]  China Aims to Placate U.S. With Law Banning Theft of Trade Secrets

[I]  Steve Wynn Met With Treasury Officials About Opportunity Zones After Stock Sale

[I]  Labor Lawyer Takes On Mexico’s Exporters, Wins Higher Wages

[I]  Trump’s Pick for World Bank Presidency Faces Clear Path

[I]  White House to Consider Expanding Penalty Reprieve to Taxpayers Adjusting to New Law

[I]  WSJ Survey: Economists See Fed Putting Off Next Rate Increase

[I]  U.S. New-Home Sales Fell in January

 

BUSINESS LINE

[I]  Don’t brand a company ‘shell’ without probe: Court to SEBI

[I]  With the devil in detail, start-ups lose angel investors

[I]  Maharashtra saw 4,500 farmer suicides despite 2017 loan waiver

[I]  Primary market turns vibrant as corporates raise funds, make OFS

[I]  Sugar mills given more time to clear cane arrears

[I]  Export credit dips 45% on rise in NPAs, regulatory reforms

 

ECONOMIC TIMES

[I]  Carmakers told to go easy on production

[I]  Airfares in India are shooting through the roof

[I]  Asian currencies soften after China data, baht leads losses

[I]  Sebi tells PE and VC funds: No side deals with big investors

[I]  RBI Guv-headed panel of regulators discuss issues concerning economy

[I]  Wholesale inflation firms up in Feb on dearer food, fuel

 

BUSINESS STANDARD

[I]  108 economists, social scientists raise doubts on credibility of govt data

[I]  March may be the worst FY19 month for realtors as homebuyers delay payments

[I]  February WPI inflation surges to 2.93% on rise in food, fuel prices

[I]  OMCs float fresh tender for procuring 910 million litres of ethanol

[I]  Investors feel today's CEOs not fit to handle tomorrow's tasks: Study

[I]  India, US to establish six US nuclear power plants in India: MEA

[I]  China industrial output growth falls to 17-year low; jobless rate rises

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11386;  USDINR DGCX: 69.4350;  DJIA Mini: 25827;  FTSE 100 Fut: 7191;  NIKKEI 225 Fut: 21492;  EUR-USD: 1.1314; Crude Oil (WTI): 58.57;  Gold (Spot): 1294

Best Regards, ARBIND

15 Mar 2019

COLOUR IS THE JOURNEY FROM DARKNESS TO LIGHT. WISHING A COLOURFUL JOURNEY TODAY.

Macro Economic News 14 Mar 2019

                                                                                                                                                       

The US is considering a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans. Jerome Powell said he was supportive of regulators’ continuing efforts to improve the way they implement a 1977 law that requires federally insured banks to promote lending to borrowers in low and moderate income areas. Trump acknowledged concerns in Beijing about the possibility of him walking away from a trade deal, offering to push back a summit with Chinese leader Xi Jinping until a final deal is reached. Britain’s Parliament voted to avoid an economically disastrous no-deal split from the European Union.

 

FINANCIAL TIMES

[I]  UK sets out trade plans to limit no-deal Brexit damage

[I]  Business attacks UK tariff plan for Northern Ireland

[I]  UK faces prospect of taking part in European elections

[I]  China birth rate declines as childcare costs deter families

[I]  EU acts to cut UK clearing house risk after Brexit

[I]  Japan employers propose smaller pay rises for 2019

[I]  Oil groups face dilemma on climate change

 

REUTERS

[I]  U.S. and India commit to building six nuclear power plants

[I]  Oil edges higher, holds near four-month top on supply cuts

[I]  Japan may cut economic view as China slowdown hits growth: Nikkei

[I]  Brexit set for delay after May wounded by rejection of 'no-deal'

[I]  U.S. core capital goods orders rebound; inflation muted

[I]  Oil up after U.S. crude stock draw, supply growth seen easing

 

BLOOMBERG 

[I]  China Data Dump to Show Investment Recovery Continuing in 2019

[I]  OPEC's Fragile Five Can Easily Become a Shaky Six

[I]  Asia Is Getting Tougher on Auditors After High-Profile Defaults

[I]  Brexit Impasse Sees U.K. Property Price Index Drop to 7-Year Low

[I]  As Japan Stocks Stabilize, BOJ's ETF Buying Is at Lowest Since 2016

[I]  Hedge Fund Sees China's Distressed Debt Generating Juicy Returns

[I]  China Insiders Are Selling Stakes After Mammoth Rally in Shares

 

WALL STREET JOURNAL

[I]  U.S. Durable Goods Orders Rose in January

[I]  Reining in Big Tech: A Middle Way

[I]  U.S. Producer Prices Remained Tame in February

[I]  U.S. Workers Gain From Rising Wages, Low Inflation

[I]  White House Might Put Colleges on the Hook for Student Loans

[I]  U.S.-China Trade Deal Is Getting Closer, Lighthizer Says

 

BUSINESS LINE

[I]  Bank margins may be hit as new RBI norms push firms to bonds

[I]  RBI to inject $5 bn equivalent long-term Rupee liquidity via buy/sell swap auction

[I]  Cabinet approves proposal to align with global trademark system

[I]  Auto dealers say sales slowed down in Feb, stocks at unsustainable levels

[I]  MCA comes up with guidelines on conduct of business

[I]  UK outlines tariff plan for ‘no-deal’ as businesses raise concerns

[I]  Centre to work on seed traceability mechanism

 

ECONOMIC TIMES

[I]  US-China trade deal may send Brent crude prices to $70 level

[I]  Asian currencies skittish on trade deal caution; won top loser

[I]  India could be a $3 trillion digi economy in the next 4-5 years:Ravi Shankar Prasad

[I]  Industrial growth slows down in January, inflation hits a 4-month high

[I]  EC gives go-ahead to GST Council meeting on March 19

 

BUSINESS STANDARD

[I]  RBI to swap $5 billion with banks to aid system liquidity

[I]  76% Indian companies hit by cyberattacks in 2018, shows study

[I]  Private sector investment on a recovery path, shows RBI study

[I]  Auto retail sales drop 8.06 % in Feb as weak demand continues: FADA

[I]  Banks to raise interchange fees for ATM operators by Rs 1.5 to Rs 2

[I]  Property ownership: Allotment letter determines the date of purchase

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11386;  USDINR DGCX: 69.7150;  DJIA Mini: 25742;  FTSE 100 Fut: 7150;  NIKKEI 225 Fut: 21430;  EUR-USD: 1.1331; Crude Oil (WTI): 58.36;  Gold (Spot): 1307

 

Best Regards, ARBIND
14 Mar 2019

THANK YOU UNIVERSE TO COLOUR THE ENTIRE CREATION SO BEAUTIFULLY. MAY THIS DAY ADDS ONE MORE SHADE TO THE LIFE.

Macro Economic News 13 Mar 2019

                                                                                                                                                     

China’s big default scares are giving bond investors whiplash. British lawmakers rejected Theresa May’s Brexit divorce deal for a second time, making a delay in scheduled March 29 departure from the EU. A carefully calibrated proposal by a U.K. government-appointed panel looks to contain big tech’s threat to competition while keeping the government’s hand on the industry and the internet as light as possible. The White House is weighing a measure that would require colleges and universities to take a financial stake in their students’ ability to repay government loans. U.S. consumer prices rose in February as energy and food prices picked up, although the broader trend suggested inflationary pressures remain tame.

 

FINANCIAL TIMES

[I]  US accuses rich parents of bribing colleges over admissions

[I]  Eurosceptics read last rites over Brexit deal

[I]  Brussels ramps up criticism of China’s strategy in EU

[I]  Recent price rises fail to boost Japan inflation

[I]  US business threatens to stay away from Russian forum

[I]  Green QE can apply to the Bank of England too

 

REUTERS

[I]  Britain in Brexit chaos - parliament crushes May's EU deal again

[I]  Pound fragile after May's Brexit defeat, more gyrations expected

[I]  Japan's core machinery orders point to more investment weakness

[I]  Expert Views: India's retail inflation picks up in February to 2.57 percent

[I]  Party on - Real estate booms in cradle of China's Communist revolution

[I]  Pakistan to offer gas fields to foreign explorers, investors - official

 

BLOOMBERG 

[I]  U.S. Keeps China Tariff Threat Open as Talks Near Final Stage

[I]  Hong Kong Peg Defense Reaches $692 Million as Weakness Persists

[I]  China's World-Beating Stock Rally Leaves Hong Kong in the Dust

[I]  History Suggests a Boost May Be Coming for Philippine and Indonesian Stocks

[I]  Australia Consumer Sentiment Drops as Weak GDP Spooks Households

[I]  Pound Holds Losses as U.K. Parliament Rejects Revised May Deal

 

WALL STREET JOURNAL

[I]  White House Might Put Colleges on the Hook for Student Loans

[I]  U.S. Workers Gain From Rising Wages, Low Inflation

[I]  In Britain, a Middle Way for Reining In Big Tech

[I]  U.K. Parliament Votes Down May’s Brexit Deal

[I]  U.S.-China Trade Deal Is Getting Closer, Lighthizer Says

[I]  Momentum Slips for Auto Tariffs

 

BUSINESS LINE

[I]  Mid-level IT employees staring at another round of pink slips

[I]  Gold coins for free distribution may not qualify for input tax credit

[I]  WTO: India pushes for simpler qualification, licensing norms for foreign workers

[I]  High temperatures in South may abate later this month

[I]  RBI to go ahead with policy review despite Model Code of Conduct being in place

[I]  Rising oil prices, liquidity squeeze at banks will hit economic growth in FY20: CARE

 

ECONOMIC TIMES

[I]  Sebi revises disclosure requirements for significant beneficial ownership

[I]  March sugar sales come to a standstill on overselling

[I]  Rupee spurts to 2-month high on FPI inflows

[I]  India to push for strict source country norms in FTA with Peru

[I]  IIP slows to 1.7% in January 2019, 2.57% inflation at 3-month high in February

[I]  Factory output drags, inflation hits a 3-month high of 2.57 per cent in February

[I]  Raghuram Rajan says capitalism is 'under serious threat' as it has stopped providing for many

 

BUSINESS STANDARD

[I]  Drug regulator recovers just 14% dues from pharma firms in 21 years

[I]  Shrinking the size of lenders' consortium might be helpful, say infra firms

[I]  Media & entertainment sector to hit Rs 2 trillion by 2021, says report

[I]  National broadcast policy on the cards, says MIB secretary Amit Khare

[I]  India's top 7 cities saw apartment sizes shrink by 17% in 5 years: Report

[I]  Mining waste is an environmental time bomb and the industry its creator

[I]  Whistleblowers to get EU-wide protection when reporting crimes

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 11384;  USDINR DGCX: 69.6625;  DJIA Mini: 25514;  FTSE 100 Fut: 7131;  NIKKEI 225 Fut: 21244;  EUR-USD: 1.1288; Crude Oil (WTI): 57.06;  Gold (Spot): 1305

 

Best Regards, ARBIND
13 Mar 2019