MACRO ECONOMIC NEWS

WISHING THE DAY WITH NEW VIBRATION. EXPERIENCE MIRACLE OF THE UNIVERSE. MIRACULOUS MORNING.

Macro Economic News 25 Jul 2018

 

Trade-conflict realities start to hit home across the globe. The dollar slipped, sterling climbed after Prime Minister Theresa May took control of Brexit talks, and the lira plunged as Turkey’s central bank unexpectedly held rates steady. Protectionism is slowly starting to weigh on the global economy. From demand at factories to company profits and prices consumers are paying, the tit-for-tat trade battle U.S. President Donald Trump started with China and the European Union is showing up in the numbers.

 

FINANCIAL TIMES

[I]  Turkish lira tumbles after central bank keeps interest rates steady

[I]  EU finds evidence carmakers are manipulating results

[I]  Wealthy Saudis sit on cash as purge casts shadow over investment

[I]  US pledges $12bn aid for farmers hit by trade war

[I]  China unveils measures to boost economic growth

[I]  Eurozone growth weakens amid gloom on export demand

[I]  Theresa May takes personal control of Brexit talks

[I]  Iranians fear US confrontation as war of words escalates

[I]  Venezuela headed for 1,000,000% inflation, says IMF

 

REUTERS

[I]  India offers Uganda credit to boost energy, agriculture

[I]  China seeks Bhutan border cooperation after India spat

[I]  Oil prices rise for second day, buoyed by fall in U.S. inventories

[I]  Dozens feared dead, rescuers search for missing after Laos dam collapse

[I]  Trump downbeat ahead of trade talks with EU

[I]  Trump calls for quick NAFTA deal in letter to Mexico president-elect

[I]  U.S. economy likely peaked in second quarter; trade the top worry: Reuters poll

[I]  India's thermal coal imports rise over 14 percent in second quarter - trader

 

BLOOMBERG 

[I]  Trade War Bites, Malaysia Pushes Back China, Japan Risk: Eco Day

[I]  Steel Tariff Adds $40 Million ‘Tax’ to Pipeline Project, Executive Tells Congress

[I]  Ethiopia Could Sell Airline's Hotel, Airports in Investor Hunt

[I]  Short the Aussie as Worst Is Yet to Come, Top Forecaster Says

[I]  China’s Markets Embrace Risk as Traders Bet Big on Stimulus

[I]  Housing Downturn Puts $20 Billion in Indian Bank Loans at Risk

[I]  Trade War Bites, Malaysia Pushes Back China, Japan Risk: Eco Day

[I]  What's Fueling Speculation the BOJ Will Change Policy

 

WALL STREET JOURNAL

[I]  U.S. Increasingly Large Driver of Global Trade Deficits, IMF Reports

[I]  U.S. Sets $12 Billion in Farm Aid to Ease Trade-Fight Impact

[I]  Many Manufacturers Take Tariffs in Stride

[I]  China’s Thirst for U.S. Oil Threatened

[I]  ECB Sets Its Own Course as the Fed Pushes Rates Higher

[I]  House Votes to Repeal Tax on Medical Devices

[I]  Economists Can’t Write Economically, Driving Demand for Brevity

[I]  Trade Fight Poses Big Risks for Smaller Countries

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

 

BUSINESS LINE

[I]  SEBI moving to simplify de-listing of companies

[I]  Tariff war looms as US spikes India plea for duty rollback

[I]  Rajan: Create world-class universities using combo of tech and manpower

[I]  ‘Indian deposits in Swiss banks fell 34.5% in 2017’

[I]  India Inc starts new fiscal on strong note with robust Q1 numbers

[I]  SEBI proposes rules for reclassification of promoters

[I]  Bank finance to jewellery sector declines by 10%

 

ECONOMIC TIMES

[I]  View: Rising M&As can be a warning sign

[I]  PSBs' bad loans rise to 15% of gross advances in FY18: Govt

[I]  Benami properties worth Rs 4,300 crore attached: Government

[I]  Threat from Trump trade wars gives fresh purpose to BRICS bloc

[I]  Indian economy could have grown faster with more female participation: Deloitte

[I]  4,387 large borrowers account for 90% of NPAs

[I]  Government not planning law to regulate cinema, IPL cricket: Piyush Goyal

[I]  RBI has teeth to keep private, public sector banks in check: Government

[I]  Trade unions boycott labour ministry’s tripartite consultation process

[I]  It could be end of road for permits and inspector raj

[I]  E-commerce: Cash-on-delivery deals not authorised, says RBI

 

BUSINESS STANDARD

[I]  Dividend drive turns automobile promoters richer by Rs 39 billion in FY18

[I]  Want to work in a tech company? You don't need to know how to code

[I]  Railways' massive archival journey to chug along 2.5 bn pages of history

[I]  IMF wants India to focus on FDI, cautions against relying on global markets

[I]  RBI has wide-ranging and comprehensive powers to deal with PSBs: Govt

[I]  Sebi deliberating on ways to grant promoters a say in delisting prices

[I]  China unveils new measures to boost growth amid trade war with US

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11151;  USDINR DGCX: --;  DJIA Mini: 25198;  FTSE 100 Fut: 7637;  NIKKEI 225 Fut: 22602;  EUR-USD: 1.1688; Crude Oil (WTI): 68.82;  Gold (Spot): 1226

Best Regards, ARBIND

25 Jul 2018