MACRO ECONOMIC NEWS

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-     -   अमर  अटल  बिहारी   वाजपेयी

श्रद्धा  सुमन

Macro Economic News 17 Aug 2018

The unemployment rate among young Americans fell to its lowest level in more than 50 years this summer, though the share of young people looking for work remained well below its peak in 1989. U.S. home construction rebounded last month after a big drop in June, but was weaker than Wall Street had expected, with many analysts taking a bleak view of the housing market. Washington and Beijing reached a modest breakthrough in their standoff over trade, saying they would hold lower-level talks later this month on the spiraling dispute.

FINANCIAL TIMES

[I]  Atal Bihari Vajpayee, Indian politician, 1924-2018

[I]  Lira comes under new pressure after US warns of new sanctions

[I]  Greece brain drain hampers recovery from economic crisis

[I]  Gold hits 19-month low as dollar strengthens

[I]  China to send vice-ministerial trade delegation to US

[I]  Gas turbine competition heats up

[I]  Rules are required to stop political campaigns abusing personal data

REUTERS

[I]  Australia central bank governor says rates to stay at record lows 'for a while yet'

[I]  Ecuador tightens entry requirements for Venezuelans as influx swells

[I]  Chinese hackers targeted U.S. firms, government after trade mission: researchers

[I]  Pentagon says China military 'likely training for strikes' on U.S. targets

[I] RBI's monetary policy panel cites inflationary risks as reason for rate hike

BLOOMBERG 

[I]  Trump Pushes China for Better Deal With Trade Talks Set to Resume

[I]  What Fund Managers Are Worried About in Emerging Asia Markets

[I]  Powell to Discuss Economy and Monetary Policy at Jackson Hole

[I]  With Bitcoin Sinking, Crypto Miners Just Dig Deeper

[I]  Argentina Seeks More Financing With Peso Rout Deepening

[I]  Ontario Debt Sale Breaks Record After Post-Election Absence

[I]  U.S. Junk Bonds Are Beating Global Sovereign Debt in Rare Shift

[I]  Egypt Central Bank Holds Rate as Selloff Spooks Emerging Markets

WALL STREET JOURNAL

[I]  Youth Unemployment Hits 52-Year Low 

[I]  U.S., China to Resume Trade Talks as Tariffs Bite 

[I]  U.S. Housing Starts Bounced Back in July 

[I]  Turkey’s Economic Red Flags Stand Out Among Emerging Markets 

[I]  Another Step in the Push to Weaponize Global Finance

[I]  Trump Says He Is in ‘No Rush’ to Renegotiate Nafta

[I]  Retail Sales and Manufacturing Are Powering U.S. Growth This Summer

BUSINESS LINE

[I]  India Ratings lowers GDP growth estimate to 7.2%

[I]  Japan to get interest forever on low-cost funds extended to the Railways

[I]  Trade body initiative to showcase products exported to Bangladesh

[I]  Japan, South Korea steel exports to India surge on tariffs, high-end demand

[I]  Income of farm households 23% higher than non-farm homes: Nabard survey

ECONOMIC TIMES

[I]  IPOs that see big listings gains quickly go into long hibernation

[I]  Rupee moving towards natural value: NITI Aayog VC

[I]  Farmers have turned "Lakhpatis", but more than half still in debt: Nabard Survey

[I]  Falling rupee a double-edged sword for India, warn analysts

[I]  Fiscal position to worsen ahead of polls: Report

[I]  44,000 crore freight corridor on east coast in the works

[I]  Karnataka to go ahead with city elevated corridor

[I]  Indians demand a say as construction chokes cities

[I]  Irked over delay in payment to contractors, CVC seeks report from all CPSEs

[I]  India is in the process of de-industrialization: Chinese state media

BUSINESS STANDARD

[I]  Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs

[I]  PSUs get 3rd lifeline to meet free-float norms, deadline extended by 2 yrs

[I]  GDP likely to grow at a healthy 7.5% in first quarter, say economists

[I]  Japan, South Korea steel exports to India surge on tariffs, high-end demand

[I]  What are the reasons for the five-year high trade deficit in July

[I]  MPC minutes of RBI: Inflation fears, driven by oil prices, led to rate hike

[I]  EMs on cusp of a bear market; investors cautious amid global headwinds

[I]  What is still holding back India's long promised digital revolution?

[I]  Farm debt shows little decline, but incomes rise by 12% per annum: Survey

[I]  From Industrial policies to cloud computing, 5 sticking issues of trade war

MARKETS (6:30 am)

[I]  SGX NIFTY Fut: 11427  USDINR DGCX: 70.1900;  DJIA Mini: 25597;  FTSE 100 Fut: 7541;  NIKKEI 225 Fut: 22257;  EUR-USD: 1.1373; Crude Oil (WTI): 65.42;  Gold (Spot): 1173

Best Regards, ARBIND

17 Aug 2018