MACRO ECONOMIC NEWS

MAY GOD GIVE THE LIGHT OF KNOWLEDGE IN OUR HEARTS. WISHING AN EMPOWERED WEEK AHEAD.

Macro Economic News 27 Jan 2020

 

Trump tweets that The United States will not lift sanctions on Iran in order to negotiate; while Treasury Secretary Steven Mnuchin said that the U.S. hopes to complete a new trade agreement with the U.K. by the end of this year. The U.S. business activity increases in early 2020 and this improvement contrasted with weaker economic performance in some of the world’s other major economies whereas Europe’s economy remained a global weak spot along with threatening of US retaliation against EU over carbon tax. ECB says that low interest rates will be around for years whereas its newest stimulus for Germany Is love bombing by Lagarde while banks head into darkest phase of the nordic negative-rate cycle. India faces first fall in direct taxes in at least two decades although easier FDI norms coming for ‘most favoured nations’ whereas experts opine that the Biggest challenge in any sector is poor customer demand. Income tax department find Income mismatch and probing 5,000 companies under its lens whereas IT firms working vigorously, investing heavily to scale up product business.

 

FINANCIAL TIMES

[I]  US threatens retaliation against EU over carbon tax

[I]  EU asks partners to treat UK as bloc member after Brexit

[I]  East Africa battles worst swarms of locusts in decades

[I]  Companies warn of huge black market in greenhouse gas

[I]  US should embrace reform of goodwill accounting

[I]  The ECB should ditch its inflation target

 

REUTERS

[I]  Exclusive: India faces first fall in direct taxes in at least two decades

[I]  U.S. will not lift sanctions to negotiate with Iran - Trump

[I]  Graphic: Confidence rises in UK economy after election, but will it last?

[I]  French central banker says digital currency cannot be private

[I]  U.S. Treasury chief Mnuchin says optimistic about U.S.-UK trade deal

 

BLOOMBERG 

[I]  These Nine BOE Policy Makers Will Decide Whether to Cut Rates

[I]  JPMorgan Says Short U.S. 30-Year Bond on Excess Haven Demand

[I]  Global Trade Is Heading for Its First Annual Drop in a Decade

[I]  Thai Baht Is Brought Back to Earth After a Winning Year in Asia

[I]  Low Interest Rates Will Be Around for Years, ECB’s Knot Says

[I]  ECB’s Newest Stimulus for Germany Is Love Bombing by Lagarde

[I]  Banks Head Into Darkest Phase of the Nordic Negative-Rate Cycle

[I]  EU to Hold Emergency Summit on Bloc’s Budget, February 20

 

WALL STREET JOURNAL

[I]  Mnuchin Sees U.S. Trade Deal With U.K. This Year

[I]  U.S. Business Activity Increases in Early 2020

[I]  Climate Change—and Ideas for Tackling It—Dominated Davos

[I]  Wuhan Virus Could Hit China’s Economy Harder Than SARS

[I]  New Warehouse Supply Projected to Exceed Demand Over Next Two Years

[I]  U.S. Existing-Home Sales Wrapped Up 2019 on Solid Note

 

BUSINESS LINE

[I]  Easier FDI norms coming for ‘most favoured nations’

[I]  Bill, in Budget session, to also emphasise on contract enforcement

[I]  ‘Biggest challenge in any sector is poor customer demand’

[I]  Gold imports dip 6.77% during April-December 2019

[I]  Direct tax mop-up to fall this year for the first time in two decades

 

ECONOMIC TIMES

[I]  Ahead of Budget, companies queue up for funds on Bond Street

[I]  Govt stares at tax shortfall of Rs 2 lakh crore; room for income tax cut limited

[I]  Pension for senior citizens under BPL likely to go up

[I]  Slash GST on Auto LPG, address policy issues stalling growth: Industry body to FM

[I]  Need to ease norms for fintech sector in India, says a lawyer

 

BUSINESS STANDARD

[I]  Smaller towns driving demand for regional content, OTT viewership growth

[I]  Income mismatch probe: 5,000 companies under tax department lens

[I]  Success fee gaining currency among insolvency resolution professionals

[I]  IT firms working vigorously, investing heavily to scale up product business

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 12157;  USDINR DGCX: 71.3325;  DJIA Mini: 28990;  FTSE 100 Fut: 7586;  NIKKEI 225 Fut: 23372;  EUR-USD: 1.1028; Crude Oil (WTI): 52.86;  Gold (Spot): 1580

 

Best Regards, ARBIND
27 Jan 2020