MACRO ECONOMIC NEWS

WISHING A WINNING WEEKEND TO A WONDERFUL WINSOME

Macro Economic News 30 Jun 2018

 

More than 20 banks announce payouts to reward shareholders after Fed stress tests. EU leaders agree on immigration and trade, and euro-area inflation hits 2 percent. Talks at the summit in Brussels over the thorny issue of immigration produced a package of measures to stem the flow of migrants to the European Union and to share the burden of handling those who arrive.

 

FINANCIAL TIMES

[I]  Merkel buys time with EU migration deals

[I]  Supreme Court hands down a win for Trump with Republicans

[I]  China eases foreign ownership curbs as trade war looms

[I]  Rome declares summit win but is left still fighting

[I]  The EU’s migration deal: what leaders have agreed

[I]  Bond markets send signals of a looming recession

 

REUTERS

[I]  EU plea to reuse more plastic lacks bite

[I]  Price drop spurs India gold demand, buyers eye bigger dips

[I]  China factory growth slows in June as trade tensions rise

[I]  China official factory PMI falls to 51.5 in June

[I]  Put your cards on the table, EU makes last Brexit call to Britain

[I]  Monsoon rains cover entire India, ahead of schedule

[I]  India says April-May fiscal deficit at 55.3 percent of full-year target

[I]  India hopes to cut losses from rupee fall with reserves 'firepower'

[I]  Insight: China's penetration of Silicon Valley creates risks for startups

 

BLOOMBERG 

[I]  China Factory Gauge Slips in June as Credit Squeeze Hits Output

[I]  Trade Spat Gives Emerging Markets Bitter Ending for Quarter

[I]  Draghi Warns Risks From Trade War May Be Understated

[I]  Crypto Coin Tether Defies Logic on Kraken’s Market, Raising Red Flags

[I]  Wall Street Left Reeling as 2018 Upends Almost Every Bet

[I]  China Factory Gauge Slips in June as Credit Squeeze Hits Output

 

WALL STREET JOURNAL

[I]  Inflation Gauge Hits Fed Target After Six-Year Run of Soft Prices

[I]  U.S. Consumer Spending Moderated in May

[I]  U.S. Consumer Sentiment Increased Slightly in June

[I]  There’s a New 1040 Tax Form. Will Millions of E-Filers Even Notice?

[I]  U.S. Inflation Hits Six-Year High in May

[I]  Inflation Is Here; What Will the Fed Do?

[I]  Treasury Chief Calls Capital-Gains Change a Job for Congress First

[I]  Americans Worked Less Despite Job Growth

[I]  Eurozone Inflation Tops ECB Target for First Time in More Than a Year

[I]  Canada GDP Rises on Factory Strength

 

BUSINESS LINE

[I]  RBI to take action against erring bank auditors

[I]  Fiscal deficit touches 55.3% of FY19 target in April-May

[I]  Jaitley: Not all money deposited in Swiss banks is black

[I]  One year on, businesses await clarity on GST returns

[I]  US brand Bath & Body Works makes its Indian debut

[I]  Relentless selling by FPIs sees record $6.17-billion flow out of debt segment

[I]  Thailand eyes India for its tapioca

[I]  Monsoon shifting to Himalayan foothills; more rain in UP, Bihar

[I]  Banks demanding guarantees may leave infra projects starved of funds

 

ECONOMIC TIMES

[I]  India has enough firepower to deal with rupee volatility: Economic Affairs Secretary

[I]  A falling rupee to hike cost of overseas borrowing, hedging for India Inc

[I]  4th tranche of electoral bonds sale from July 2: FinMin

[I]  22,000 rural agriculture markets to be linked by 2020: Agri Minister

[I]  Only 21% feel GST reduced monthly grocery bills: Survey

[I]  India’s external debt rises by 12.4% on higher overseas borrowing and NRI deposits

[I]  All money deposits in Swiss Banks not black money: Arun Jaitley

[I]  Fiscal deficit for April-May reaches 55.3% of the Budgeted target of FY19

[I]  Climate Change could accentuate poverty & inequality in India: World Bank

[I]  IMF suggests India three steps to sustain high growth rate

[I]  44 per cent increase in direct tax collection: Arun Jaitley

 

BUSINESS STANDARD

[I]  Kharif crop minimum support prices to be in place next week

[I]  M&As on the rise as tech companies focus on top line growth

[I]  Shadow of polls may overshadow political consensus in GST Council meetings

[I]  Raising minimum support price may pose inflation challenge for govt

[I]  India's external debt went up 12.4% to $529.7 billion in March

[I]  Fiscal deficit hits 55% of full-year target on the back of higher capex

[I]  Monsoon covers whole country 17 days in advance, boost to kharif sowing

Best Regards, ARBIND

30 Jun 2018