MACRO ECONOMIC NEWS

WISH THIS DAY BRINGING ABUNDANCE OF COMPASSIONATE LOVE. GOOD MORNING.

Macro Economic News 28 Aug 2018

 

Mexico’s trade deficit nearly doubled in July from a year earlier as growth in imports outpaced that of exports, led by a big increase in purchases of petroleum products from abroad. President Trump’s antagonistic posture towards international institutions at foreign summits this summer soured some European officials on the candidacy of a top Fed official to helm the international Financial Stability Board. The bond market is signalling that the risk of recession is rising but a downturn is far from imminent, new research by the Federal Reserve Bank of San Francisco released Monday said.

 

FINANCIAL TIMES

[I]  US and Mexico reach breakthrough with Nafta revamp

[I]  Corporate Japan despairs at UK’s lack of clarity over Brexit

[I]  Central banks’ balance sheets start to shrink

[I]  Field for ECB top job widens after Weidmann setback

[I]  Brazil truckers’ strike chaos hits shipping industry

[I]  Turkey warns Trump that sanctions will fuel terrorism

[I]  South Korean banks eye potential customers in North

 

REUTERS

[I]  Merkel, Trump share concerns about Syrian developments

[I]  China paves way to end family planning policy: state media

[I]  U.S., Mexico reach NAFTA deal, turn up pressure on Canada

[I]  Oil prices edge up on supply disruption worries

[I]  Japan says North Korea still poses a dire threat to its security

[I]  South Korea proposes record budget lifeline for jobs, welfare in 2019

 

BLOOMBERG 

[I]  Mexican Minister Says Trade Deal in No Way Pays for Border Wall

[I]  China Signals End to Limits on Child Births by 2020 at Latest

[I]  Trump Dents Hopes for a China Deal After Agreement With Mexico

[I]  U.S. Ally Japan Still Sees ‘Imminent’ Threat From North Korea

[I]  South Korea Plans Biggest Budget Increase in 10 Years

[I]  Early Indicators Show China's Economy Weakening Again in August

[I]  Britons Are Dipping Into Pensions to Help Children Buy Houses

[I]  India's Growth Indicators Show Animal Spirits Very Much Alive

 

WALL STREET JOURNAL

[I]  U.S., Mexico Agree on Nafta Rewrite as Trump Warns Ottawa

[I]  U.S., Mexico Agree to Weaken Rights to Dispute Trade Practices

[I]  Mexico’s Trade Deficit Nearly Doubles in July

[I]  Bad News for U.S. Papers, but Tariffs Are Paying Off for One Rock Capital

[I]  Trump’s Stances Weaken Support for U.S. to Lead Global Banking Body

[I]  SF Fed: Yield Curve Suggests Rising, But Still Low, Risk Of Recession

[I]  U.S. to Pay Farmers $4.7 Billion to Offset Trade-Conflict Losses

[I]  High Expectations Skew Global Investors’ View of U.S. Growth

[I]  Global Economy Week Ahead: U.S. GDP Revisions and Other Data

 

BUSINESS LINE

[I]  Crunch time for 70 companies as RBI’s NPA deadline ends

[I]  Govt not to curb imports to rein in CAD

[I]  Rains hit rubber output

[I]  Banks must prepare blueprint for long-term growth: Jaitley

[I]  Net Interest Margin of PSBs grows despite rise in NPAs

[I]  Switzerland, the most preferred snow destination for Indians

 

ECONOMIC TIMES

[I]  Hiring more women: India Inc sees rise in demand for Chief Diversity Officers

[I]  India Inc Allowed to Count Disaster Relief as CSR

[I]  Indian economy likely to grow at 7.4% in FY19: NCAER

[I]  FDI growth up 23 per cent in April-June quarter this fiscal

[I]  Current account deficit to hit 2.8% of GDP in FY19: SBI report

[I]  Drone policy rules to delay ecommerce companies' liftoff plans

[I]  Panel for internal e-adjudication system to take load Off NCLTs

[I]  Parliamentary panel questions RBI on failure to take preemptive action against bad loans

 

BUSINESS STANDARD

[I]  Firms can't be selective in passing on rate cut benefits under GST regime

[I]  Govt panel recommends cap on remuneration of independent directors

[I]  Deadline ends for NPAs: Provisioning for NCLT-3 accounts seen at Rs 1 trn

[I]  Can govt direct central bank on policy and regulations? Yes, says RBI Act

 

MARKETS (08:45 am)

[I]  SGX NIFTY Fut: 11753;  USDINR DGCX: 69.9700;  DJIA Mini: 26116;  FTSE 100 Fut: 7618;  NIKKEI 225 Fut: 22945;  EUR-USD: 1.1676; Crude Oil (WTI): 68.87;  Gold (Spot): 1209

Best Regards, ARBIND

28 Aug 2018