MACRO ECONOMIC NEWS

WISHING A MIRACULOUS MONDAY WITH OPPORTUNITY AND POSSIBILITIES. HAVE A GREAT WEEK.

Macro Economic News 30 Jul 2018

 

A blockbuster week for central bank meetings with the Bank of Japan being closely watched for any comments on stimulus changes, while the markets are set for a muted start to the week. Investors are also bracing for a flood of earnings including  tech behemoth Apple and financial giant Berkshire Hathaway. Central bankers in the U.S., Japan, the U.K., Brazil and India all meet to set their respective monetary policies. The second quarter may prove as good as it gets for the world’s largest economy, though, and few economists expect it to attain the president’s goal of sustained growth of 3 percent.

 

FINANCIAL TIMES

[I]  Pakistan set to seek up to $12bn IMF bailout

[I]  Trump threatens government shutdown to get his wall

[I]  Modi courts India’s farmers with higher prices

[I]  India’s curb on life-saving drug prompts court challenge

[I]  EU energy chief pushes for tougher emissions targets

[I]  Hong Kong and Taiwan on the frontline as Xi chases ‘China dream’

[I]  The US chip industry starts to wake up to new competitive reality

[I]  US bank M&A under a cloud after share price falls

[I]  Japan Display looks to hitch a ride on electric car boom

 

REUTERS

[I]  Trump threatens U.S. government shutdown over border wall

[I]  Global Markets: Asia cautious ahead of central bank, data fest

[I]  Mali begins presidential vote count amid simmering insecurity

[I]  Singapore's offshore industry recovering, but no return to glory days

[I]  Japan's Suga: specifics of monetary policy up to BOJ

[I]  China factory growth seen cooling slightly in July

[I]  Japan retail sales pick up in positive sign for spending

[I]  Iran currency extends record fall as U.S. sanctions loom

[I]  Euro referendum not part of Italian government plans: Deputy PM

 

BLOOMBERG 

[I]  Mobius Sees No Bottom Yet for China as Emerging Markets Slide

[I]  Cambodia Strongman Extends 33-Year Rule in Boycotted Election

[I]  Central Banks Meet, China Embraces Dollar, Fiscal Boost: Eco Day

[I]  The $500 Billion Market the World Never Thought It Would See

[I]  The BOJ's Stock Market Distortions Are Coming Under New Scrutiny

[I]  There’s Money in Trash. Chinese Companies Are Cashing In

[I]  The World’s Fastest-Growing Economy Looks Like It’s Got Momentum

[I]  Investors in Australia Look Set for a Dividend Bonanza

 

WALL STREET JOURNAL

[I]  Trump Says He ‘Opened Up Europe’ for Farmers. Europeans Disagree.

[I]  Global Week Ahead: U.S., Japan and Brazil Policy Meetings

[I]  Tariff Fears Tug on U.S. Consumer Sentiment

[I]  Analysis: China’s Shrinking Trade Surplus Unlikely to Impress Trump

[I]  Germany Vetoes Chinese Purchase of Business Citing Security Grounds

[I]  Fannie Mae Debt Sale Sets Milestone for Libor Rival

[I]  China’s Shrinking Trade Surplus Unlikely to Impress Trump

[I]  There’s No Productivity Miracle Hiding in the Data

[I]  ‘We Need Bread and Butter’; Iranians Under Pressure in Flailing Economy

 

BUSINESS LINE

[I]  India Inc begins with a solid show in the June quarter

[I]  GST regime brings in nearly 50 lakh new taxpayers

[I]  High-level panel to look into issues of stressed assets in the power sector

[I]  RBI may maintain status quo on policy rate

[I]  EVs likely to pose threat to oil companies, says ICRA

[I]  With inflation rising, MPC may harden stance

 

ECONOMIC TIMES

[I]  India's logged a record $98 billion in deals this year

[I]  Centre committed to double farmers income by 2022: MoS finance

[I]  Exports must get priority sector lending tag: Suresh Prabhu

[I]  Curbs on tracking minors’ data may hurt tech giants

[I]  Government panel suggests common database for economic indicators

[I]  NITI Aayog proposes nodal energy ministry to streamline governance

[I]  Only 66 per cent of registered companies are active: Official data

[I]  MNCs cite vague reasons for not passing on GST rate cut benefit

 

BUSINESS STANDARD

[I]  RBI's diktat on virtual currencies paves way for dabba trading in bitcoins

[I]  Auto majors step up contract hiring to meet rising demand across segments

[I]  R&D spending picks up again at automobile companies in 2017-18

[I]  Govt to unveil new policy to make India defence manufacturing hub in 10 yrs

[I]  RBI monetary policy: No urgency for back-to-back rate hikes, says expert

[I]  Capital expenditure by states set to cross Rs 5 trillion in 2018-19

[I]  Forex reserves falling below $400 billion not a worry, say experts

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 11330;  USDINR DGCX: 69.0025;  DJIA Mini: 25372;  FTSE 100 Fut: 7603;  NIKKEI 225 Fut: 22561;  EUR-USD: 1.1654; Crude Oil (WTI): 68.90;  Gold (Spot): 1220

Best Regards, ARBIND

30 Jul 2018