MACRO ECONOMIC NEWS

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Macro Economic News 07 Jul 2018

 

Global trade tensions and rising oil prices are expected to weaken the rupee over the next year, a Reuters poll has found, dragging the currency closer to the record low hit last week against the dollar. In the poll of 45 strategists taken July 2-5, the rupee was forecast to weaken to 68.90 per dollar by June 2019. The June employment report gives comfort to Federal Reserve officials who have played down concerns about the economy overheating and leaves them on track to continue gradually raising interest rates.

 

FINANCIAL TIMES

[I]  China hits back at ‘trade bullying’ Trump

[I]  Germany’s odd couple endure fiery political marriage

[I]  N Korean defectors caution US against Kim’s deceptive strategies

[I]  American ketchup next on EU’s list of trade targets

[I]  Britain’s retailers are too quick to blame business rates

[I]  Eurozone wage growth remains far from normal

[I]  Difficult question is how our lives will be fulfilled

[I]  Baby boomers happy to let state carry on paying

 

REUTERS

[I]  Dueling tariffs raise fears of long U.S.-China trade battle

[I]  India gold returns to premium, U.S.-China row limits interest

[I]  No breakthrough in nuclear talks as Iran demands more after U.S. exit

[I]  Duelling tariffs raise fears of long U.S.-China trade battle

[I]  China eyes expanded business ties with Eastern Europe amid EU concerns

[I]  U.S. jobs growth lifts Wall Street, offsetting tariffs

[I]  Belgium use daring and intelligence to outwit Brazil in thriller

[I]  Trade war risk, rising oil costs may keep rupee near record low

[I]  Investors to tune in for trade impact this profit season

 

BLOOMBERG 

[I]  Oil, Beans and Steel: How Trade Wars Will Redraw Global Commerce

[I]  Theresa May Wins Cabinet Backing for U.K. Soft Brexit Blueprint

[I]  Why Soybeans Are at the Heart of the U.S.-China Trade War

[I]  U.S. Oil Could Soon Help Set the Brent Crude Price

[I]  Emerging-Market Currencies Rebound, Dollar Slumps Amid Trade War

 

WALL STREET JOURNAL

[I]  Jobless Rate Rises as Steady Hiring Draws More Job Seekers

[I]  U.S. Trade Gap Narrowed 6.6% in May

[I]  U.S., China Dig In for Long Trade Fight as Tariffs Take Effect

[I]  Fed Shifts Focus to Risks of Overheating Economy

[I]  In This Economy, Quitters Are Winning

 

BUSINESS LINE

[I]  CACP asks Centre to introduce price deficiency payment scheme

[I]  What the farm sector needs is urgent reform; loan waivers cause more harm than good

[I]  18% of installed wind capacity could be due for repowering

[I]  Related party deals are not job work, will attract GST, rules Appellate Authority

[I]  IBBI insists on independence of resolution professionals

[I]  Kharif sowing down by 14 per cent

[I]  US-China trade war may reopen oilmeal export window for India

 

ECONOMIC TIMES

[I]  Indians are travelling more than ever. But why it's making people nervous across the globe

[I]  Forex reserve falls by $1.76 billion to $406 billion

[I]  India's engineering exports up 20 per cent despite US-China trade war: EEPC

[I]  Mauritius complains about inclusion in high-risk list

[I]  Free accident cover likely for Jan Dhan A/C holders

[I]  India Ratings gives thumbs down to Karnataka budget

[I]  Petroleum products to be brought under GST in stages, says Hasmukh Adhia

[I]  Oil price spike or ignore Donald Trump: India's big headache

[I]  Law Panel suggests to allow betting on sports as regulated, taxable activities

 

BUSINESS STANDARD

[I]  China blames US for 'largest-scale trade war' as tariffs kick in

[I]  US-China trade war: Whoever wins or loses, it is status quo for India

[I]  Government to soon announce new mechanism to ensure farmers get MSP

[I]  Game on, six vendors in contest to supply IAF with 110 fighters

Best Regards, ARBIND

07 Jul 2018