MACRO ECONOMIC NEWS

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Macro Economic News 17 Jul 2018

 

IMF Sees Global Growth Falling Amid Trade War. Escalating trade tensions are threatening to derail a global upswing, the International Monetary Fund warned. The pickup is already losing momentum amid weaker-than-expected growth in Europe and Japan as financial markets seem complacent about the mounting risks.  Fall-offs in factory output and investment in buildings, machinery and such are weighing on China’s growth, which came in at 6.7%, complicating Beijing’s task in managing the world’s second-largest economy amid a trade conflict with the U.S.

 

FINANCIAL TIMES

[I]  Trump refuses to blame Putin over election meddling

[I]  Key food commodities face risk of price spike

[I]  Germany urges Russia to maintain Kiev’s gas pipeline role

[I]  Cuba binds its entrepreneurial spirits with red tape

[I]  China extends olive branch to US at summit with EU

[I]  China GDP growth slips to 6.7% in second quarter

[I]  IMF warns Trump tariffs could hit global growth by 0.5%

[I]  US retail sales rise for fifth month in June

 

REUTERS

[I]  TRAI recommends stricter data security rules

[I]  China's June home prices accelerate to near two-year high

[I]  U.S. Treasury moves to protect identities of 'dark money' political donors

[I]  Trump backs Putin on election meddling at summit, stirs fierce criticism

[I]  Jetmakers see brisk start to air show as UK tries to soothe Brexit worries

[I]  U.S. launches five WTO challenges to retaliatory tariffs

[I]  China's second-quarter GDP growth softens as trade row stirs concerns on outlook

[I]  Strong U.S. retail sales lift second-quarter GDP estimates

[I]  EU pushes China on trade, saying it could open up if it wanted

 

BLOOMBERG 

[I]  U.K.'s May in Brexit Turmoil as Furious Pro-EU Tories Rebel

[I]  Singapore's Lead Over Malaysia's Economy Is Shrinking

[I]  China Hedge Fund Doubles Down as Market Selloff Deepens Losses

[I]  The Scourge of Japan's Boardrooms Turns Peacemaker With Big Win

[I]  Thailand Wants to Have Its (Hash) Cake and Eat It Too

 

WALL STREET JOURNAL

[I]  U.S. Files Complaints With WTO Against Trading Partners

[I]  Strong Retail Sales in June Boosted Growth

[I]  Fed’s Powell Presents Lawmakers With a Charm Offensive

[I]  China Shifts Gears to Support Economic Growth

[I]  The Problem With Innovation: Big Companies Are Hogging All the Gains

[I]  China Targets U.S. Tech Startups in Investment Loophole

[I]  Keeping the Right Flame Under an Economic Expansion

[I]  Global Economy Week Ahead: Powell Testimony, U.S. Retail Sales, Japan CPI

[I]  Real Time Economics: Why the Productivity Gap Is Bad for the Global Economy

 

BUSINESS LINE

[I]  Digital data is users’ right, says TRAI

[I]  Dredging Corp buy: Port trusts will be exempt from SEBI open offer rule

[I]  Now, unique number to check authenticity of CA-certified documents

[I]  Finance Commission may consider sops for States with better population control

[I]  India beats China in industrial solar heat installations

[I]  All major segments posted double-digit revenue growth

[I]  India looks to lift ban on gold imports from S. Korea

[I]  OECD Development Centre pegs India’s GDP growth at 7.4% this fiscal

 

ECONOMIC TIMES

[I]  Raining retail bonds: Should you invest?

[I]  India keen to join Russia in WTO case against US on steel, aluminium duties

[I]  IMF cuts India's growth projection, but it still retains world's top spot

[I]  Rise in inflation to subside on good monsoon: Industry

[I]  India Inc's Jan-Jun deal tally at USD 74.8 bn on big-ticket deals

[I]  Business confidence in India subdued in June: Survey

[I]  Wholesale price inflation hits 4-year high in June at 5.77%

[I]  Ghosts of past loans coming back to haunt state governments

[I]  Government raises load capacity for heavy vehicles by 20-25 per cent

[I]  Government gives more time to 15 SEZ developers, units to complete projects

[I]  Can HIRA and RERA co-exist? Government to decide

 

BUSINESS STANDARD

[I]  More than $6 bn green bond issues still stuck due to rising interest rates

[I]  People should have right to their data, firms are mere custodians: Trai

[I]  Hotel tariffs lag the demand boom: Getting clients to pay more a challenge

[I]  Railways to get first dedicated corridor for freight trains on August 15

[I]  Local players in electronics industry see preference policy as a threat

[I]  Exporters get Delhi HC relief over integrated goods and services tax

[I]  Govt raises import duties on a large number of textile apparel, fibres

[I]  Chinese and Malaysian solar panels face 25% safeguard duty in India

[I]  IMF trims India's economic growth forecast to 7.3% in 2018, 7.5% in 2019

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 10943;  USDINR DGCX: 68.4600;  DJIA Mini: 25056;  FTSE 100 Fut: 7544;  NIKKEI 225 Fut: 22724;  EUR-USD: 1.1712; Crude Oil (WTI): 68.05;  Gold (Spot): 1241          

Best Regards, ARBIND

17 Jul 2018