MACRO ECONOMIC NEWS

EXPERIENCE THE ABUNDANCE OF AFFECTIONATE AWARENESS; THIS FRIDAY TOO. WISHING A PASSIONATE DAY AHEAD.

Macro Economic News 03 Jan 2020

 

A private business survey showed that India's factory activity expanded at its fastest pace in seven months in December as a jump in new orders prompted companies to ramp up production. Manufacturing in the U.S. and Asia showed signs of stabilization as 2019 drew to a close, although Europe’s industrial output offered few signs of a rebound. Economists of color say they have sounded the alarm about diversity issues in economics for decades, and the profession seems to be responding. However, they say there is still much more work to do. Fear of an economic decline topped the list of U.S. chief executives’ concerns going into 2020, according to a survey from the Conference Board. The number of job cuts announced in 2019 due to companies filing for bankruptcy protection hit the highest level in more than a decade, a new report found. German savers shrug off negative rates fears whereas Brussels faces fight over EU minimum wage pledge. U.S. jobless claims edge lower but trend points to uptick in filings whereas U.S. consumer comfort rises to five-month high on economic views. BoE survey funds, UK companies turn a little less gloomy over Brexit impact. RBI announces third round of ‘Operation Twist’ on Monday where RBI will sell & purchase bonds worth Rs 10,000 crore each. Bank credit grows 7.1% and deposits increase 10%.

 

FINANCIAL TIMES

[I]  China halts tie-up between Shanghai and London exchanges

[I]  Canada’s farmers struggle to reap gains from EU free trade deal

[I]  Trump warns Turkey about meddling in Libya

[I]  German savers shrug off negative rates fears

[I]  Brussels faces fight over EU minimum wage pledge

[I]  Beijing’s delicate balancing act relies on job creation

 

REUTERS

[I]  December factory activity jumps to seven-month high

[I]  UK shop prices fall for seventh month running: BRC/Nielsen

[I]  Norway suspends sea search efforts for missing Bulgarian sailors

[I]  U.S. expands scope of program to return migrants to Mexico

[I]  Wall St. starts 2020 with new records on China stimulus, trade hopes 

[I]  U.S. jobless claims edge lower but trend points to uptick in filings

[I]  UK companies turn a little less gloomy over Brexit impact - BoE survey

 

BLOOMBERG 

[I]  First Three Weeks of Year Can Be an Emerging-Market Red Herring

[I]  Fed Minutes in Focus for Clues on Repo Plans, Rate-Hold Resolve

[I]  Bold Call to Add Long India Bonds Boosts Fund Manager’s Gains

[I]  China’s Brexit Warning, Ant Financial, Philly Fed: Eco Day

[I]  Roaring Start to the ’20s Leaves One Stock Market Nook Stranded

[I]  Nine States Face Economic Contraction, Most Since 2009 Crisis

[I]  U.S. Consumer Comfort Rises to Five-Month High on Economic Views

[I]  U.S. Jobless Claims Drop to Four-Week Low in Tight Labor Market

 

WALL STREET JOURNAL

[I]  Manufacturing Shows Stability in U.S., Asia

[I]  Economics Profession Turns Attention to its ‘Race Problem’

[I]  Jobs and Inflation: The Great Trade-Off, Demystified

[I]  Recession Fears Rise for CEOs as Trade Concerns Linger

[I]  China’s Monetary Policy Eases Into the New Year

[I]  Job Cuts From Bankruptcies Hit Highest Level Since 2005

 

BUSINESS LINE

[I]  India looks to leverage Chabahar port to boost trade with Central Asia

[I]  Project’s curbs-free status will continue, US assures India

[I]  Streamlining GST System: Revenue Secretary Pandey to chair meeting on January 7

[I]  Solid rise in factory orders boosts manufacturing PMI in December

[I]  DGFT suspends licence to export cashew kernels against import of shelled ones

 

ECONOMIC TIMES

[I]  The biggest challenge facing e-comm sector

[I]  RBI to sell & purchase bonds worth Rs 10,000 crore each on Monday

[I]  RBI announces third round of Operation Twist on Monday

[I]  India can explore USD 82 billion export potential in 20 products in China: Report

[I]  Factory activity strengthens in December, PMI rises to 52.7

[I]  GST rate hikes may come in phases to reduce price pains

 

BUSINESS STANDARD

[I]  Forensic auditors in a fix over Data Protection Bill, seek exceptions

[I]  India signals duty cuts on wine, auto; EU keen on investment protection

[I]  Bank credit grows 7.1% and deposits increase 10%, reveals RBI data

[I]  Trai seeks views on setting up multi-stakeholder body for net neutrality

[I]  FinMin to discuss ways with tax commissioners to plug GST leaks on Jan 14

[I]  Electricity supply falls for 5th straight month to 1.1% amid slowdown

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 12352;  USDINR DGCX: 71.4750;  DJIA Mini: 28815;  FTSE 100 Fut: 7559;  NIKKEI 225 Fut: 23450;  EUR-USD: 1.1176; Crude Oil (WTI): 62.21;  Gold (Spot): 1534

 

Best Regards, ARBIND
03 Jan 2020