THIS IS THE PLACE OF HIGHEST GOOD TO RECEIVE LOVE JOY AND ABUNDANCE. WISHING WE FLOW WITH THE FLOW TODAY.

Macro Economic News 22 Mar 2019

India bursts with colour in celebration of Holi. Abrupt changes in the policies of the world’s largest central banks have rippled through smaller economies, leaving them with the prospect of low and even negative interest rates for years to come despite having mostly healthy economies.  The number of Americans filing applications for new unemployment benefits fell last week, showing the labor market’s strength. With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.

 

FINANCIAL TIMES

[I]  Why would Italy endorse China’s Belt and Road Initiative?

[I]  Trump endorses Israeli sovereignty over Golan Heights

[I]  Seoul risks rift with US over North Korean industrial zone

[I]  EU sets Brexit cut-off dates as UK faces ‘national emergency’

[I]  Delhi drives push for electric vehicles in India

REUTERS

[I]  Climate change's fingerprints are on U.S. Midwest floods: scientists

[I]  The Fed is prodding Americans to buy more on credit

[I]  U.S. announces first new North Korea sanctions since failed summit

[I]  Key U.S. interest rate breaks critical level before Fed move

[I]  Wall Street powers world stocks; dollar up on Brexit woes

[I]  EU considers options for Brexit delay: May 7, year-end or open-ended, diplomats say

[I]  Bank of England to set new rules on climate risk: Carney

[I]  U.S. labour market solid; manufacturing sector slowing

[I]  Bank of England keeps rates on hold as businesses brace for no-deal Brexit

BLOOMBERG 

[I]  EU Mulls Move to Stop No-Deal Exit Next Week: Brexit Update

[I]  Pound Plunges as Traders Confront Possibility of No-Deal Brexit

[I]  BOE Says More Firms Trigger Brexit Plans as Rate Left Unchanged

[I]  Oil Riches Put Norway on Divergent Path Toward Higher Rates

[I]  Bond Traders Turn Eyes to What May Happen After Curve Inversion

WALL STREET JOURNAL

[I]  A Central Banking Domino Effect Is in Motion

[I]  Fed Signals Rates Will Stay Steady Amid Growth Fears

[I]  U.S. Jobless Claims Declined in Mid-March

[I]  Trump Signals U.S. to Keep Tariffs on China After Deal

[I]  Measure of U.S. Innovation Jumped in 2018

[I]  Real Time Economics: With the Fed On Hold, Is It Time to Worry About the Economy?

BUSINESS LINE

[I]  (Not Updated)

ECONOMIC TIMES

[I]  RBI likely to change disclosure norms for bonds

[I]  US-China trade deal holds key to higher oil prices

[I]  Oil holds near 2019 peak as global supplies tighten

[I]  Ties with China: Striking a balance between business and politics

[I]  3 years after launch, New Delhi Municipal Council smart city work in progress

[I]  View: Some ways to understand the RBI's dollar-rupee swap move

[I]  Indoensia puts meat into Indo-Pacific agenda; launches South Pacific Forum

BUSINESS STANDARD

[I]  RBI's bond buys in current fiscal year can be inflationary, say economists

[I]  Private power players want Trade Receivables Discount System

[I]  GST Council's plan for real estate sector may not find many takers

[I]  Poultry prices surge by up to 50% on rising demand, lower production

[I]  Sharp rally in resource commodities in 2019 on hopes of China demand

[I]  Italy enjoys a rare moment of banking bliss

[I]  Indian Railways may miss 6,000-km electrification target for this year

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: --;  USDINR DGCX: 69.0650;  DJIA Mini: 25962;  FTSE 100 Fut: 7285;  NIKKEI 225 Fut: 21250;  EUR-USD: 1.1374; Crude Oil (WTI): 59.98;  Gold (Spot): 1309

Best Regards, ARBIND
22 Mar 2019

WISHING WE ALL IS DRENCHED WITH COLOURS AND THE TRUE COLOUR GETS COLOURED WITH COLOURS. HAPPY HOLI.

Macro Economic News 21 Mar 2019

 

The US may leave tariffs on Chinese goods for a "substantial period" to ensure that Beijing complies with any trade agreement. The FED held its benchmark interest rate steady, and a majority of officials signalled they might not raise the rate at all this year. Research shows that wealthy parents who spend heavily to get their kids into top schools aren’t giving them as big an advantage as commonly. Multifactor productivity grew 1% last year, the strongest gain since 2010. Borrowing costs for some U.S. consumers have trended lower in recent months, as lenders have adapted to the FED message that it is likely to hold off on raising interest rates for the foreseeable future.  The Federal Reserve now believes its monetary policy is back to normal.

 

FINANCIAL TIMES

[I]  No Brexit delay without MPs backing deal, warns EU 

[I]  UK to lose £1tn of financial assets to Europe due to Brexit

[I]  Fed sees no further rate rises in 2019

[I]  EU frustration with UK rises as Brexit talks near final hours

[I]  Nigeria to sell down its stake in oil ventures

[I]  Australia to cut immigration intake by 15 per cent

[I]  US business confidence recedes from post-tax cut high

[I]  India is well placed to be a global economic force

 

REUTERS

[I]  Australian jobless rate hits near eight-year low, tempering rate cut bets

[I]  Bank of Korea chief says Fed's shift eased uncertainties; sees no rate cut for Korea yet

[I]  Global Markets: Dovish Fed shift lifts Asian shares, dollar nurses losses

[I]  Trump says tariffs on Chinese goods may stay for 'substantial period'

[I]  Fed announces plan to end balance sheet runoff in September

[I]  Closing time? Japan convenience stores pressed to end 24-7 model amid labour crunch

 

BLOOMBERG 

[I]  Trump Says Tariffs Will Stay Until China Complies With Deal

[I]  Chinese Banks' Record Fundraising Signals Industry Jitters

[I]  EU Pushes U.K. to Brink of No-Deal Brexit

[I]  Malaysia's Biggest State Fund Sees Strong Revival for Stocks

[I]  Colombia Stocks Leading the World in 2019 After a Decade of Pain

[I]  Banks Sink the Most in 2 Months, Bearing the Brunt of Fed's Dovish Turn

 

WALL STREET JOURNAL

[I]  Fed Leaves Rates Steady, Hints at No More 2019 Increases

[I]  Parsing the Fed: How the March Statement Changed From January

[I]  Trump Says Tariffs on Chinese Goods Will Stay for ‘Substantial Period’

[I]  Is Elite College Worth It? Maybe Not

[I]  Measure of U.S. Innovation Jumped in 2018

[I]  Loans Get Cheaper for Some

[I]  The Fed’s New ‘Normal’ Looks Worrisome

 

BUSINESS LINE

[I]  Post elections, GST Council may consider revising definition of affordable housing

[I]  Jaitley for GST Council-like structure for farm, rural development, healthcare

[I]  Domestic air passenger traffic up 5.6% in Feb

[I]  Use analytic tools to fight diseases, not just for marketing: US researcher

[I]  Despite rise in debit card issuance by banks, ATM numbers on the decline

 

ECONOMIC TIMES

[I]  The reason no one is hiring Indian techies

[I]  Sugarcane acreage may fall 40% in M’rashtra next season

[I]  Rupee gets a heady feeling in Asia as Modi eyes a comeback

[I]  10-year yield hits 14-month low after Fed signals no hikes in 2019

[I]  From farms to slums, Indian women on sharp end of jobs crisis

[I]  Animal spirits waver in India as election uncertainty takes hold

[I]  Companies on course to achieving 2% CSR targets in coming years

 

BUSINESS STANDARD

[I]  Govt mulling options to lower income cut-off level for LPG subsidy

[I]  I-T department, other tax agencies can initiate insolvency: NCLAT

[I]  From 1950 to 2018: How Artificial Intelligence has evolved over the years

[I]  US Federal Reserve sees no 2019 hikes, plans Sept end to asset drawdown

[I]  Theresa May seeks 'short' delay to Brexit Day deadline, EU demands new vote

 

Best Regards, ARBIND
21 Mar 2019

LITTLE LOVE, LITTLE COLOUR AND LITTLE SPLASH. LETS COME CLOSER WITH SPLASHING COLOUR OF LOVE.

Macro Economic News 20 Mar 2019

 

As India, Indonesia, the Philippines and Thailand prepare to head to the polls, the Indian rupee's recent sharp rebound is a telling reminder for investors to beware the potential for heightened volatility as they hunt for opportunities around upcoming elections. May will ask EU to delay Brexit by at least three months. Federal Reserve tries to decide when to stop shrinking its asset portfolio with implications for the economy and monetary policy. Negotiators for the U.S. and China have scheduled a new round of high-level trade talks in Beijing and Washington, aiming to close a deal by late April to end the yearlong dispute between the world’s two largest economies. The White House is calling to cap how much graduate students and parents of undergraduates can borrow in federal student loans.

 

FINANCIAL TIMES

[I]  EU hardens line on Brexit delay as May cabinet splits

[I]  EU tries to take politics out of ‘rule of law’ clashes

[I]  China stimulus fuels banks’ $259bn capital shortfall

[I]  Germany raises alarm about small businesses’ Brexit exposure

[I]  Transatlantic front opens in Brexit derivatives battle

 

REUTERS

[I]  Economists raise concerns over India's slowdown with RBI chief: sources

[I]  Oil beats retreat from four-month high on fears for U.S.-China trade progress

[I]  Scrap foreign ownership caps, investor group tells China

[I]  Canada offers stimulus budget, but may be too little to re-elect Trudeau government

[I]  Global Markets: Asian shares hold near six-month high on hopes of dovish Fed

[I]  BOJ board at loggerheads on next policy move: January meeting minutes

[I]  India rupee surge exposes FX risk in upcoming Asia elections

[I]  May seeks Brexit delay after third vote on her deal is derailed

[I]  Japan factory mood hits weakest since 2016 as trade rifts bite - Reuters Tankan

 

BLOOMBERG 

[I]  May Is Stuck in Fight Over Brexit Delay With 10 Days to Exit Day

[I]  How to Trade for a Fed Meeting Full of Potential Wild Cards

[I]  Japan to Tackle Global Financial Regulation Disharmony at G-20

[I]  Pound Traders Expecting a Brexit Delay Are Betting Big on a Rally

[I]  Buy Gold, Sell Stocks Is the ‘Trade of Century’ Says One Hedge Fund

[I]  Sydney Apartments Pose Financial Stability Risks, RBA Says

[I]  Silver Demand in India Set for 4-Year High on Farm Cash Payout

[I]  India's Rupee Just Went From Asia's Worst to Best Currency

 

WALL STREET JOURNAL

[I]  Fed Faces Crucial Decision on Mix of Treasurys in Its Portfolio

[I]  High-Level U.S.-China Trade Talks to Resume in Final Push for Deal

[I]  Trump Budget Relies Partly on Potentially Phantom Revenues

[I]  White House Seeks Ways to Get More People to Work

[I]  U.S. Sanctions Venezuela’s State Gold-Mining Company

[I]  Limits Proposed for Some Student Loans

[I]  Real Time Economics: Market Forces vs. Government Fiat

 

BUSINESS LINE

[I]  Realty firms can opt for old or new rates for ongoing residential projects

[I]  Bumpy ride ahead for auto companies

[I]  Brexit: Despite Speaker’s warning, May to press ahead with another vote

[I]  Proposed dollar-rupee swap ‘has been received well’: RBI chief

 

ECONOMIC TIMES

[I]  A brief account of hostile takeovers in India

[I]  Why a 4-day work week in India is a good idea

[I]  India promises investors 2nd-best real yield among Asian countries

[I]  Variable components in CXO salary on the rise

[I]  Challenges for marketers in competitive marketplace

[I]  India keen to host WTO mini ministerial

[I]  India not first tier country for post-Brexit FTA, says UK minister

[I]  RBI governor calls for permanent status to finance commission

 

BUSINESS STANDARD

[I]  GST Council meet: Realtors get two options to tax under construction house

[I]  Automakers invest around $491 million in Indian start-ups in 2018

[I]  Digital advertising fraud ecosystem stirs up a $1.63-billion scam

[I]  RBI governor calls for more consistency among finance commissions

[I]  Given four-day work week, Indians would learn new skill, says survey

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11568;  USDINR DGCX: 69.3825;  DJIA Mini: 25882;  FTSE 100 Fut: 7199;  NIKKEI 225 Fut: 21547;  EUR-USD: 1.1348; Crude Oil (WTI): 58.83;  Gold (Spot): 1304

 

Best Regards, ARBIND
20 Mar 2019

WE ALL NATURALLY PREFER LIVING COLOURFUL. WISHING THIS DAY BRINGS A BOX OF CRAYONS.

Macro Economic News 19 Mar 2019

                                                                                                                                                       

Federal Reserve officials aren’t quite sure what to do about their dots. Most of them see the dot plot of individual projections for interest rates as a valuable tool, but it has increasingly contributed to investor confusion. U.S. semiconductor companies want no part of any trade deal that calls for stepped-up purchases from China, worried that would give Beijing more control over their industry. Female economists say they have been discriminated against and, in some cases, sexually assaulted by their colleagues, according to a survey by the American Economic Association. China’s spending spree during the global financial crisis helped pull the world economy out of recession. This time, Beijing’s stimulus might not pack the same punch.

 

FINANCIAL TIMES

[I]  Brazil’s ‘Tropical Trump’ to reset ties with White House visit

[I]  Momentum builds for German bank merger

[I]  Germany on course to miss defence spending target

[I]  France warns EU against rushing into US trade talks

[I]  China hits back at EU over ‘systemic rival’ warning

[I]  China shadow banking cools for first time in a decade

 

REUTERS

[I]  Dollar weaker on dovish Fed bets, sterling seesaws

[I]  Oil prices hover near 2019 highs as OPEC supply cuts support

[I]  Kabul's expanding foreigner 'bubble' trades safety for isolation

[I]  China's Xi urges teachers of political courses to tackle 'false ideas'

[I]  India's palm oil imports could jump to record as prices fall: analyst

[I]  UK reaches post-Brexit trade agreement with Iceland and Norway

 

BLOOMBERG 

[I]  Speaker Wrecks Theresa May’s Brexit Plan by Banning Another Vote on Deal

[I]  Brazil Stocks Hit New All-Time High

[I]  Australian Housing Slide Deepens as RBA Worries About Consumers

[I]  Hong Kong Currency Intervention Nears $1 Billion

[I]  Trade Talks, Europe on Mend, Gender Discrimination: Eco Day

[I]  These Risky U.S. Loans Are Adored by Japanese Investors

[I]  Biggest Trading in Copper Options Ever Signals Supply Troubles

[I]  Texas Power Prices Surge 700% on a Chilly Morning in Dallas

 

WALL STREET JOURNAL

[I]  Fed Officials Wrestle With a ‘Dot Plot’ Dilemma

[I]  U.S. Chip Makers Fear Trap in a Trade Deal With China

[I]  Fed Could Show Greater Confidence in Extended Rate Pause

[I]  Female Economists, in Survey, Cite Gender Discrimination

[I]  As China Faces Slowdown, Stimulus Will Have Smaller Global Reach

[I]  Manufacturing Pullback Flashes Signs of Economic Slowdown

 

BUSINESS LINE

[I]  Against the grain: In some parts of Maharashtra, women get dowry

[I]  Proposed new industrial policy on the back-burner

[I]  Institutional investors may swing either way, say analysts

[I]  India to renew essential commodities quota for Maldives from April 1

[I]  Rise of contract labour — facts and myths

[I]  Tight liquidity in domestic market sees MFIs raising $53 m via ECB in FY19

[I]  Rupee retains momentum on ‘strong’ foreign money inflow

 

ECONOMIC TIMES

[I]  Learning real ways to drive growth in change

[I]  India needs farm revolution to attain 9-10% GDP growth: Amitabh Kant

[I]  North east spice growers visit Kerala to gain more expertise in the field

[I]  Net direct tax collection crosses Rs 10 lakh crore mark

[I]  CVC finds many flaws in sale of bad debt by banks

[I]  NITI Aayog suggests raising monthly training stipend to Rs 5,000

[I]  Govt committed to maintain credibility of statistical organisations, says senior official

[I]  5-fold jump in incentive to central government staff for acquiring higher qualifications while in job

 

BUSINESS STANDARD

[I]  Competition Commission ill-equipped to handle intricacies of digital mkts

[I]  Housing GST rule must be changed, says West Bengal FM Amit Mitra

[I]  Govt faces direct tax mop-up shortfall, collects Rs 4 trn as advance tax

[I]  GST Council may discuss new rate structure on under-construction houses

[I]  Centre extends soft loan window by 4 weeks for beleaguered sugar mills

[I]  In duty drawback, a readymade short-term gain for SMEs: CRISIL

[I]  India staring at severe water crisis, among worst in the world: Research

[I]  UK Speaker rules out third vote on PM Theresa May's Brexit deal

[I]  BS-VI cars to be costlier by 3-7 %, two-wheelers by 10-15%

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11524;  USDINR DGCX: 68.9325;  DJIA Mini: 255998;  FTSE 100 Fut: 7206;  NIKKEI 225 Fut: 21528;  EUR-USD: 1.1343; Crude Oil (WTI): 59.10;  Gold (Spot): 1307

 

Best Regards, ARBIND
19 Mar 2019