To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_01162019.pdf If you would like to receive this newsletter via email, please register at: http://financial-risk-solutions.thomsonreuters.info/india-morning FACTORS TO WATCH No major events are scheduled.
LIVECHAT - EUROPE FOCUS We will be chatting with Derek Halpenny, European head of Global Markets research at MUFG Bank at 4:30 pm IST, to find out what lies in the future for Europe and the global economy. To join the conversation, click on the link: https://refini.tv/2P8N0Wp INDIA TOP NEWS • India's trade deficit narrows, flat exports a concern India's trade deficit narrowed to $13.08 billion in December, the lowest in 10 months, on a fall in gold imports but exports remained flat, deepening concerns for Prime Minister Narendra Modi who wants to accelerate growth ahead of elections.
• Qatar Airways CEO: not interested in Jet Airways as backed by 'enemy' state Qatar Airways will not buy a stake in Jet Airways as a substantial portion of the debt-laden Indian carrier is held by Etihad Airways, whose owner Abu Dhabi is an "enemy" of Qatar, its CEO Akbar al-Baker said on Tuesday.
• Vedanta tells top English court pollution case should be heard in Zambia Lawyers for Vedanta Resources told England's Supreme Court on Tuesday that a case raised against the mining company by nearly 2,000 Zambian villagers should be heard in Zambia not London.
GLOBAL TOP NEWS • Brexit bedlam: May's EU divorce deal crushed by 230 votes in parliament British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave.
• Japan's November machinery orders stall in worrying sign over business spending Japan's core machinery orders slowed sharply in November in a sign corporate capital expenditure could lose momentum as a bruising U.S.-China trade war spills into the global economy.
• USTR promises exclusion process for higher tariffs if China talks fail U.S. Trade Representative Robert Lighthizer has assured lawmakers that companies will be able to request exclusions on tariffs on $200 billion worth of goods under discussion with Beijing if talks do not yield a deal by the March 2 deadline.
LOCAL MARKETS OUTLOOK (As reported by NewsRise) • SGX Nifty nearest-month futures were trading 0.2 percent lower at 10,926.50 from its previous close.
• The rupee is expected to open little changed against the dollar after India’s trade deficit narrowed to a 10-month low, offsetting broad strength in the U.S. currency.