MACRO ECONOMIC NEWS

THIS SPECIAL DAY, LET US ALL ACKNOWLEDGE EVERYTHING - TOUCHING THE HEART, LOVING THE SOUL. WISHING A DREAM DAY AHEAD.

Macro Economic News 14 Feb 2020

 

The US consumer-price index rose at a slowing rate of seasonally adjusted 0.1% in January whereas Indian inflation hit 8.6% - almost six years high. Economists eye silver lining in India's rising rural inflation numbers while CEA hope that retail inflation is likely to moderate by July. China woes go global. An economic slowdown in China is set to contribute to a fall in oil demand, first time in over a decade, in the first three months of the year. Coronavirus hits global tourism industry as Chinese stay home grounding two-thirds of Chinese airlines’ planes. Japan's policymakers brace for fourth-quarter GDP slump while Reuters poll suggests Chinese economy is set to recover soon. While China has pumped billions of dollars into its financial system, raised expectations of an interest-rate cut and pledged to cut red tape to address the economic impact, economists say the outbreak defies traditional prescriptions. China’s overseas energy financing plummets to lowest in a decade while Fed is to withdraw more liquidity than expected amid funding calm whereas French unemployment hits fresh post-crisis low. Even as traditional media faces headwinds, print advertising has defied global trends and registered growth in India. Though, globally, the volume of print advertising in all major markets has been declining. IMF's David Lipton says that automation is likely to kill 9% jobs in India and warning over India's rising debt whereas I-T dept lines up Rs 1-trillion PSU tax row under 'Vivad se Vishwas Bill'.

 

FINANCIAL TIMES

[I]  UK university pension fund shutters stockpicking team

[I]  French unemployment hits fresh post-crisis low

[I]  Trump emboldened to seek vengeance after acquittal

[I]  Brussels targets ‘black box’ of online political adverts

[I]  Spain welcomes post-Brexit chance for Gibraltar talks

[I]  Coronavirus hits global tourism industry as Chinese stay home

[I]  Two-thirds of Chinese airlines’ planes grounded over coronavirus

 

REUTERS

[I]  Economists eye silver lining in India's rising rural inflation numbers

[I]  Japan's policymakers brace for fourth-quarter GDP slump, growing coronavirus risks

[I]  PM Johnson asserts control over UK government, finance minister quits

[I]  Chinese economy clobbered by coronavirus but set to recover soon - Reuters poll

[I]  Japan's fourth-quarter GDP likely weaker than in third-quarter - economy minister

 

BLOOMBERG 

[I]  Singapore Woos World’s Biggest Money Managers With New Law

[I]  China Woes Go Global, Japan’s Slump, U.K. in Disarray: Eco Day

[I]  Emerging-Market Bonds Have Edge Over Stocks on Coronavirus Risks

[I]  After Year at Sea, Oil Caught in Venezuelan Tug-Of-War Finally Docks

[I]  Woes Deepen for China Tech Champion Facing March Debt Payments

[I]  Thai Agriculture Reels From Drought in Blow to Ailing Economy

[I]  Fed to Withdraw More Liquidity Than Expected Amid Funding Calm

[I]  Japan’s GDP Set for Biggest Hit Since 2014 Ahead of Virus

[I]  China’s Overseas Energy Financing Plummets to Lowest in a Decade

 

WALL STREET JOURNAL

[I]  Path to Confirmation Dims for Fed Nominee After Republican Objections

[I]  Drop in Energy Prices Slowed U.S. Inflation in January

[I]  China’s Economic Stimulus Faces New Test in Coronavirus

[I]  Fed’s Williams: 2019 Rate Cuts Positioned Economy for Growth

[I]  Drug Prices Suppressed Overseas, White House Study Finds

[I]  Oil Demand Expected to Shrink for First Time in Over a Decade

 

BUSINESS LINE

[I]  Print advertising still on a high: Madison report

[I]  New fiscal committee to be constituted in a day or two, says Finance panel chief

[I]  Retail inflation: Why your grocery bill could remain high

[I]  ‘India’s dependence on fossil fuels will continue to be high ’

[I]  Electronics industry fears supply disruptions, production cuts, price rise due to Coronavirus

[I]  Retail inflation likely to moderate by July: CEA

 

ECONOMIC TIMES

[I]  IMF sounds an alert over India's rising debt

[I]  CEA: Spike in retail inflation transitory

[I]  Veg oil imports down 6% at 11.96 lakh tonnes in January 2020

[I]  Indian companies make hay as China stays away from bond markets

[I]  India-US trade deal talks on, poll may put pact down to wire

[I]  Economists eye silver lining in India's rising rural inflation numbers

[I]  ESIC proposes amendments to ensure better implementation of scheme

 

BUSINESS STANDARD

[I]  Box office report: Indian cinema has a happy story in rising ticket sales

[I]  I-T dept lines up Rs 1-trillion PSU tax row under 'Vivad se Vishwas Bill'

[I]  Coronavirus scare: Indian firms step up dollar-raising as China goes slow

[I]  Automation likely to kill 9% jobs in India, says IMF's David Lipton

[I]  No customs duty on imported solar cells and modules, says ministry

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 12185;  USDINR DGCX: 71.3875;  DJIA Mini: 29457;  FTSE 100 Fut: 7403;  NIKKEI 225 Fut: 23667;  EUR-USD: 1.0836; Crude Oil (WTI): 51.38;  Gold (Spot): 1575

 

Best Regards, ARBIND
14 Feb 2020