MACRO ECONOMIC NEWS

WISHING A SMILING SATURDAY, LEADING TO A WONDERFUL WEEKEND.

Macro Economic News 18 Jan 2020

 

The US Job openings declined sharply in November, a sign of weakening employer demand that could restrain job growth in 2020. Globally funds are pile into gold, commodities and inflation-protected bonds as hedges for price rises and Investors are heading back into emerging markets, taking political risks. Interestingly the U.S. housing starts at 13-year high with factory output gains while home prices rise the most in 19 months. Think-tank shows reversal of historic work patterns is exacerbating income inequalities whereas volatility in currencies worldwide slumps to lowest level ever. While millennials are going beyond London, New York for luxury realty shopping, UN report highlights India’s need for continued structural reforms to boost growth. Officials in India and the U.S. are preparing a limited bilateral trade agreement that could be unveiled during a visit by President Trump to New Delhi in the coming weeks. Trade ministers from India and Malaysia are likely to meet on the sidelines of the World Economic Forum's annual meeting in Davos next week amid a palm oil spat between the two countries. Wheat sowing area touches 33 million hectare, raises hopes of record output and FinMin has revised the target for GST collection in FY20 aiming to mop-up Rs 1.5 trn.

 

FINANCIAL TIMES

[I]  Italy’s collapsing birth rate rings demographic alarm bells

[I]  Perilous economy leaves women having to choose between motherhood or employment

[I]  Investors heading back into emerging markets are taking a political risk

[I]  Fed’s embrace of higher inflation is ‘momentous’ for markets

[I]  Funds pile into gold, commodities and inflation-protected bonds as hedges for price rises

[I]  Think-tank shows reversal of historic work patterns is exacerbating income inequalities

[I]  Brazil could see $10bn hit from US-China trade truce

[I]  Latin American country had been a big beneficiary of Sino-American economic conflict

 

REUTERS

[I]  To defuse palm row, Davos diplomacy likely between India, Malaysia

[I]  Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax - sources

[I]  No Big Ben bongs: UK government plans light show to mark moment of Brexit

[I]  U.S. housing starts at 13-year high, factory output gains

 

BLOOMBERG 

[I]  Treasury’s 20-Year Reboot Drives Troubleshooting Across Curve

[I]  Charting the World Economy: 2020 Banking on Friendlier Trade

[I]  U.S. Home Prices Rise the Most in 19 Months

[I]  Venezuela Cash Hoard Sinks Below $1 Billion With Gold Locked Up

[I]  U.S. Job Openings Decreased in November to Almost Two-Year Low

[I]  U.S. Consumer Sentiment Remained Elevated at Beginning of 2020

[I]  The BOE Is Fast Running Out of Excuses Not to Cut Interest Rates

[I]  Volatility in Currencies Worldwide Slumps to Lowest Level Ever

 

WALL STREET JOURNAL

[I]  Trump Wields U.S. Economic Might in Struggles With Adversaries, Allies

[I]  Employers Pull Back on Posting New Jobs

[I]  China’s Slowing Growth Underlines Stress Facing Its Economy in 2020

[I]  U.S., India Draft Trade Pact for Unveiling in Possible Trump Visit

[I]  Fed’s Harker: Data Will Determine Course of Interest Rate Policy

[I]  What’s Next on the President’s Trade Agenda? Europe

[I]  Newsletter: Has the Global Economy Already Bottomed Out?

 

BUSINESS LINE

[I]  Natural resources available here must not be imported: Pralhad Joshi

[I]  Finance Minister resets GST collection target upward for January, February; expects to get ₹10,000 crore more

[I]  UN lowers India GDP growth forecast for current fiscal

[I]  Government keen to push reforms in aviation sector

[I]  ‘Centre is taking steps to revive consumption, growth’

 

ECONOMIC TIMES

[I]  Forex reserve rises $58 million to record high of $461.21 billion

[I]  Wheat sowing area touches 33 million hectare, raises hopes of record output

[I]  India needs continued structural reforms to boost growth: UN report

[I]  Progress of top development schemes remains constrained in India: Study

[I]  Govt forms society to run centre-funded farmer schemes

[I]  Foreign companies will be taxed for money earned by Indian arms

 

BUSINESS STANDARD

[I]  Millennials go beyond London, New York for luxury realty shopping

[I]  FinMin revises target for GST collection in FY20; aims mop-up at Rs 1.5 trn

[I]  Budget wishlist: Exporters seek clarity on slow tax refunds, key schemes

[I]  RBI buys gold for forex reserves after 5 months, now holds 625 tonnes

[I]  US job openings post biggest drop in more than four years in November

 

Best Regards, ARBIND
18 Jan 2020