MACRO ECONOMIC NEWS

TRUE SELF IS BEING WITH GOD. WISHING THE WEEK ENGAGES IN TRUST AND PARTNERSHIP WITH TRUE SELF.

Macro Economic News 16 Jul 2018

 

As far back as the industrial revolution, improvements in productivity have traveled swiftly from company to company and industry to industry, an economy-boosting phenomenon called diffusion. Today, there is mounting evidence this engine of growth seems to be misfiring. Economists forecast China will report second-quarter GDP growth slowed to 6.7 percent from 6.8 percent in the previous quarter. That would underscore concerns that the trade spat with the U.S. is already starting to have an impact on the world’s biggest trading nation. There’s also retail sales and industrial production data for June. U.S. history suggests economic expansions come with expiration dates, but Australia’s 27-year expansion points to a different way.

 

FINANCIAL TIMES

[I]  US rejects Europe’s hopes of relief from Iran sanctions

[I]  Boeing works to avert US-China trade war escalation

[I]  Bond markets signal early end to Fed rate rises

[I]  China development banks expand links with foreign lenders

[I]  Moscow says indictments over US election a ploy to disrupt summit

[I]  Beijing pares back Made in China policy

[I]  Globalised business is a US security issue

[I]  Banks’ approach to risk data is deeply inadequate

 

REUTERS

[I]  Dollar pauses near six-month top ahead of big economic indicators

[I]  China looks to get cozy with EU in annual talks as Trump tariffs bite

[I]  As China's second quarter GDP growth looks set to cool, trade battle looms as biggest risk

[I]  U.S. oil boom delivers surprise for traders - and it's costly

[I]  On eve of Russia summit, Trump calls European Union 'a foe'

[I]  U.S. oil boom delivers surprise for traders - and it's costly

[I]  SEBI proposes tighter rules for auditors, valuers

 

BLOOMBERG 

[I]  Few Stocks Rising From India Selloff Even as Market Hits Record

[I]  U.K. Economy Gets Vital Healthcheck Before BOE's August Decision

[I]  Tunisia Is Having a ‘Severe Crisis,' President Says

[I]  Trump Risks Exposing EU-China Rifts More Than Shared Values

[I]  Ghosts of Loans Past Coming Back to Haunt India's States

[I]  GDP Report Set to Show China's Fitness to Fight the Trade War

[I]  Southeast Asia's Growth Could Be the Trade War's Next Casualty

[I]  Economists Are All Over the Map on Trade War's Duration, Scope

[I]  Emerging Markets Brace for a Trade-War Blow-Out

[I]  IMF Says Bahrain Needs Comprehensive Package of Economic Reforms

 

WALL STREET JOURNAL

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

[I]  Keeping the Right Flame Under an Economic Expansion

[I]  Federal Reserve Report Defends Use of New Tools to Set Interest Rates

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

[I]  The Wrong Way to Defend Trade Deficits

[I]  To Recruit Students, Colleges Turn to Corporate-Marketing Playbook

[I]  Global Trade Spat Unnerves Plane Makers

 

BUSINESS LINE

[I]  ARC ‘cure’ may compound NPA disease

[I]  6-7% growth is automatic; 7-8.5% is possible with reforms: CEA

[I]  Must ‘keep to macro stability path to ride out turbulence ’

[I]  Norms issued for IGST refund for SEZ units

[I]  Stopping Trump’s disastrous trade war

[I]  How to push India’s competitiveness

[I]  India’s digital economy to touch $1 trillion by 2022: DEA Secretary

 

ECONOMIC TIMES

[I]  4G data speed: India still a turtle among Asian peers

[I]  India raises trade deficit issue with China at WTO

[I]  FDI in services sector slumps 23% in 2017-18

[I]  FPIs continue their selling spree; withdraw Rs 1,200 crore from debt markets so far in July

[I]  Dalal Street ready for Rs 14,000 crore IPOs

[I]  Gold imports in June quarter dip 25% to $8.43 billion

[I]  Farm loan waivers, not real income growth, driving  rural revival: Report

[I]  Social security for 100 million workers likely by 2019

[I]  Government sets up 10-member panel to review penal provisions under companies law

 

BUSINESS STANDARD

[I]  US third-largest car market for India in FY18 after Mexico, South Africa

[I]  Realty sector hoping for boost from implementation of Rera, festive season

[I]  Digital transactions to power key official macro-economic statistics

[I]  Council may consider bringing jet fuel, natural gas under GST ambit

[I]  Govt to launch a special magazine on employment and self-employment

[I]  Farmers' agitation to hit milk supply to Maharashtra cities from Monday

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11025;  USDINR DGCX: 68.6100;  DJIA Mini: 25051;  FTSE 100 Fut: 7606;  NIKKEI 225 Fut: 22580;  EUR-USD: 1.1682; Crude Oil (WTI): 70.63;  Gold (Spot): 1242          

Best Regards, ARBIND

16 Jul 2018