MACRO ECONOMIC NEWS

LOVING GOD HAS PLANNED GOOD FOR ALL OF US. TRUST AND EXPERIENCE THIS WEEK.

Macro Economic News 23 Jul 2018

 

The world’s biggest economies warn of fallout from the trade war, which threatens to spill into currencies after Trump comments roiled markets. Trump’s unorthodox approach to economic policy could harm some U.S. industries with tariffs, but it also includes concrete plans to maintain America’s technological edge. Global growth remains robust and many emerging-market countries are better prepared to face crises, but risks to the world economy have increased, finance ministers and central bankers from the Group of 20 nations said at the end of their summit in Buenos Aires.

 

FINANCIAL TIMES

[I]  Brussels rejects UK’s financial services Brexit plan

[I]  G20 finance ministers expose schism in global trade

[I]  Collapse of Chinese peer-to-peer lenders sparks investor flight

[I]  Trump attacks ‘illegal’ surveillance of campaign aide

[I]  Putin-Trump idea for bilateral business forum hits early trouble

[I]  China forecast to hit ‘peak housing’ and suffer decline in sales

[I]  India ditches ‘tampon tax’ after protests

[I]  US regional bankers warn on rising trade tensions

 

REUTERS

[I]  Mexico president-elect writes Trump, urging swift conclusion to NAFTA talks

[I]  G20 calls for stepped-up trade dialogue; no agreement on path forward

[I]  Tariffs removal not needed for E.U., U.S. talks: European Council representative

[I]  Israel to reopen Gaza terminal, extend fishing on Tuesday if quiet holds

[I]  Trump says his campaign was spied upon illegally, offers no evidence

[I]  Mexico, Canada optimistic about NAFTA despite G20 trade tensions

[I]  EU's Moscovici says trade differences persist after G20 talks

[I]  U.S. launches campaign to erode support for Iran's leaders

[I]  India cuts sales tax across sectors to ease pain of traders and consumers

[I]  U.S. courts allies with free trade offers at G20, France resists

 

BLOOMBERG 

[I]  ‘No' Currency War, Yuan's Quiet Drop Ends, FTA Rejected: Eco Day

[I]  Trump’s Trade War Casts a Long Shadow Over LNG Shipping Boom

[I]  Mozambique's $49 Billion Gas Plan Stokes Anxiety in Rural North

[I]  In Emerging-Market Rout, Asian Economies Are Financially Healthy

[I]  Trade Tensions Threaten Global Economic Growth, G-20 Cautions

[I]  Bank of Japan Offers Unlimited Bond Buying After Yields Jump

[I]  Hong Kong Property Bears Rear Their Heads (Yet Again)

[I]  Emerging Markets at Mercy of Falling Yuan as Currency War Looms

[I]  Argentina Treasury Minister Says G-20 Consensus Easily Reached

 

WALL STREET JOURNAL

[I]  Saudi Arabia to Spend Billions to Revive Foreign Investment

[I]  G-20 Makes Little Progress on Tariffs

[I]  Global Economy Week Ahead: U.S. GDP, Policy Statements From Turkey and the ECB

[I]  President's Emerging Economic Policy: Picking Winners and Losers

[I]  Tariff Threats Affect a Growing List of Products

[I]  America Is Running Out of Family Caregivers, Just When It Needs Them Most

[I]  Share of U.S. Employees Offered Health Care Through Work Rises

[I]  America’s Factory Towns, Once Solidly Blue, Are Now a GOP Haven

[I]  U.S. Jobless Claims Hit Lowest Level Since 1969

 

BUSINESS LINE

[I]  Bond effect: Fixed Maturity Plans on a high

[I]  Govt expects compliance to make up Rs. 9,000 cr GST foregone for ‘consumers good’

[I]  Taking employment diversity to the next level

[I]  India, ‘epicentre of financial inclusion’

[I]  Private insurers irked by exemption only for Ayushman Bharat

[I]  Transaction value levy to benefit hotels, customers

[I]  Early festival cheer for consumer durables industry

 

ECONOMIC TIMES

[I]  Imagine the world without Opec! Actually, it may not be a paradise

[I]  India Inc hails GST Council's decision to allow quarterly return filing

[I]  Deficient rain in 1/4th of the country: IMD data

[I]  India, 9 other Asian economies to pull ahead of US in terms of GDP by 2030: Report

[I]  APac nations push India to end duties on 90% trade goods

[I]  India Inc hails GST Council's decision to allow quarterly return filing

[I]  Now, only 35 goods in highest tax bracket of GST

[I]  Labour Ministry proposes changes in Trade Unions Act

[I]  CBDT asks taxman to dispose appeals of over Rs 50 cr by year end

 

BUSINESS STANDARD

[I]  GST Council's rush job angers some FMs of Opposition-ruled states

[I]  Strong start to the Q1 earnings season: Net profit of 113 companies up 20%

[I]  Centre plans to use MGNREGA more effectively in post-harvest works

[I]  Nationwide truckers' strike enters third day, receives mix response

[I]  Cross-border insolvency rules: Govt mulls adopting UN legal model

[I]  Statsguru: World economy to maintain its growth momentum, says IMF

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11021;  USDINR DGCX: 68.7700;  DJIA Mini: 24985;  FTSE 100 Fut: 7573;  NIKKEI 225 Fut: 22403;  EUR-USD: 1.1734; Crude Oil (WTI): 68.09;  Gold (Spot): 1232          

Best Regards, ARBIND

23 Jul 2018