MACRO ECONOMIC NEWS

FEEL THE GENTLE COMPASSIONATE LOVE OF THE LOVED ONE; WITH SMILE. WISHING A CARING WEEKEND AHEAD.

Macro Economic News 11 Jan 2020

 

Women overtook men to hold the majority of U.S. jobs for the first time in a decade, while employers added positions for a record 10th straight year, pointing to a growing economy heading into 2020. The December employment report is likely to keep the Fed comfortable with its make-no-moves posture as officials look for evidence that last year’s slowdown in manufacturing, investment and trade hasn’t spilled into the broader consumer-driven economy. The Trump administration is working on a plan to tighten eligibility requirements for disability benefits, especially for older Americans. US wage growth slips below 3% for first time since 2018 whereas Canadian jobs growth bounces back in December. Trump administration imposes new sanctions on Iran although US officials say measures will reduce Tehran’s ability to ‘do bad things’. Middle East remains on edge amid fears of long-term fallout while Iran risk may linger in financial markets for a while longer, however Niti Aayog vice chairman says that Govt measures will help India secure sustainable energy future. Industrial production grows 1.8 per cent in November 2019 whilst Indian government seeks RBI dividend boost as revenue drops. As per the Society of Indian Automobile Manufacturers (SIAM), car sales in India fell by a record 19% last year as a slowing economy made consumers reluctant to spend on big-ticket items and demand is likely to be flat this year. The country’s foreign exchange reserves touched a record high of $461.157 billion.

 

FINANCIAL TIMES

[I]  Trump administration imposes new sanctions on Iran

[I]  US wage growth slips below 3% for first time since 2018

[I]  Economy added just 145,000 jobs in December, in sharp drop from previous month

[I]  Wildfire crisis closes several embassies in Australia

[I]  Canberra on high alert after warning that smoke from bushfires could envelop it in coming days

[I]  Beijing’s 2020 targets provide insight into its priorities, but not all have been met

[I]  Middle East remains on edge amid fears of long-term fallout

[I]  Canadian jobs growth bounces back in December

 

REUTERS

[I]  Exclusive: Indian government to seek RBI dividend boost as revenue drops

[I]  U.N. renews Syria cross-border aid operation but halves crossings, length of time

[I]  India's slowing economy led to record drop in car sales in 2019 - industry body

[I]  Canada, under pressure at home over plane crash, warns Iran world is watching

[I]  U.S. employment in the 2010s in five charts

[I]  U.S. job growth cools in December, but labor market tight

 

BLOOMBERG 

[I]  Charting the World Economy: The Scars of Protectionism

[I]  Iran Risk May Linger in Financial Markets for a While Longer

[I]  China Subsidies Are Haunting a U.S. Steel Industry That’s Losing Jobs

[I]  Powell Was Early Spotting Labor-Market Slack, Transcript Shows

[I]  Canada Oil Sands Threatened With Price Drop Below Key Level

[I]  Best of U.S. Labor Market May Be Over With Hiring, Wages Cooling

 

WALL STREET JOURNAL

[I]  As Jobs Cap Decade of Gains, Women Are Workforce Majority

[I]  Women Overtake Men as Majority of U.S. Workforce

[I]  Jobs Report Offers Little Reason for Fed to Change Its View

[I]  Fed’s Powell Counseled Caution on Raising Rates in 2014 Meetings

[I]  Trump Administration Weighs Tighter Requirements for Disability Payments

[I]  Federal Reserve Sent Lower Remittances to U.S. Treasury in 2019

[I]  Newsletter Special Edition: Ten Straight Years of Job Growth

 

BUSINESS LINE

[I]  Forex reserves touch record $461.16 billion

[I]  Industrial production grows 1.8 per cent in November 2019

[I]  Total corporate funding in solar sector reaches $11.7 billion in 2019: Report

[I]  Automobile sales hit a low in December 

[I]  High import duty GST taking sheen off jewellery business, leading to job losses: Official

 

ECONOMIC TIMES

[I]  Rs 5.9L cr debt is looming over Indian firms

[I]  Government to seek RBI dividend boost as revenue drops

[I]  India to propose easing foreign investment rules further

[I]  PM Modi keen to move beyond gradual moves in Union Budget

[I]  View: India is the most exposed major economy to turmoil in West Asia

[I]  Govt measures to help India secure sustainable energy future: Niti Aayog vice chairman

 

BUSINESS STANDARD

[I]  Industrial output breaks 3-month downward streak, expands by 1.8% in Nov

[I]  Unfolding in India's smaller cities is the next wave of promising startups

[I]  RBI releases national strategy for financial inclusion for 5-year period

[I]  Govt may seek another interim dividend from RBI as revenue drops: Report

[I]  Passenger vehicle sales dip 1.2% in December; three-wheeler sales up 22%

 

Best Regards, ARBIND
11 Jan 2020