MACRO ECONOMIC NEWS

WISH THIS DAY LOVES YOU FOR JUST BEING YOU. GOOD MORNING.

Macro Economic News 23 Aug 2018

 

The U.S. and China kicked off two days of talks in Washington aimed at settling an escalating trade battle, with the U.S. claiming the advantage because Beijing is struggling to keep its economic growth from faltering. Federal Reserve officials at their last meeting signaled they were likely to raise interest rates next month and expressed more concerns than before that prolonged trade disputes could disrupt economic growth. Sales of previously owned homes in the U.S. declined for a fourth straight month in July, as rising prices and limited inventory of affordable housing continued to sideline buyers despite solid economic growth.

 

FINANCIAL TIMES

[I]  Rome extends threat to private sector after bridge collapse

[I]  US and Europe cross economic turning point

[I]  Federal Reserve frets over ability to fight next recession

[I]  Pressure on Trump rises after Cohen threat to aid Mueller

[I]  EU vows to get tough on UK’s market access after Brexit

[I]  Angola’s IMF request highlights financial strain

[I]  Business leaders need to speak up against Trump trade policy

 

REUTERS

[I]  Asian markets cautious as U.S. tariff deadline looms

[I]  Iran threatens to hit U.S., Israel after Trump aide warns of 'maximum pressure'

[I]  Japan August flash manufacturing PMI rises on domestic demand, exports weak

[I]  Australian PM tenure looks terminal, leadership crisis suspends parliament

[I]  Australia bans China's Huawei from mobile network build over security fears

[I]  Britain to set out advice on how to prepare for a 'no deal' Brexit

 

BLOOMBERG 

[I]  Why Greek Banks' New Loans Are Not Enough for Cratered Economy

[I]  Trump Auto Tariff Threats Hinder Push for Nafta Deal

[I]  North Korea Speeds Construction Spree Ahead of Anniversary

[I]  Cohen's Plea Reveals Web of Hush-Money Witnesses, or Targets

[I]  U.S., China Resume Trade Talks as Trump Imposes New Tariffs

[I]  How Australian Political Turmoil Is Impacting Markets Down Under

[I]  China Infrastructure Push Spurs Debt Sales, Calls for New Liquidity

[I]  SEC Quashes More Bitcoin ETF Pitches in Another Blow to Crypto

[I]  Mexican Peso Rally Shows Traders Are Betting a Nafta Deal Is Near

[I]  Why Greek Banks' New Loans Are Not Enough for Cratered Economy

[I]  Brexit-Bound London Beats Global Rivals to Lure Real Estate Cash

 

WALL STREET JOURNAL

[I]  U.S. Seizes on Chinese Economic Vulnerability as Trade Talks Start

[I]  Adviser to Bernanke, Yellen Will Reprise Role for Powell

[I]  Fed Signals Rate Increase Next Month

[I]  Home Sales Tumbled In July for the Longest Slump Since 2013

[I]  Nafta Talks Near Accord on Key Points, Mexican Official Says

[I]  For U.S. to Stay in WTO, China May Have to Leave

[I]  Treasury Readies Its Punch Back at Workarounds on Tax Deduction Cap

 

BUSINESS LINE

[I]  SEBI mulls ‘approver’ clause to aid in probes

[I]  With GST, kicking the butt just got harder

[I]  PMO allays fears over e-commerce policy draft

[I]  Recapitalisation plan will boost PSBs, but stress may persist, says Moody’s

[I]  Drug retailers worried by growth of e-pharmacies

 

ECONOMIC TIMES

[I]  US imposes preliminary anti-dumping duties of over 50% on metal pipes made in India

[I]  By invoking national security clause, Donald Trump goes for nuclear option in trade war

[I]  Consumption economy & infrastructure: Two sides of same coin

[I]  Freebies may be freed of GST payment burden

[I]  Wages under national rural jobs scheme may be revised

[I]  Finance Ministry asks PSU bank CEOs to check frauds in NPAs or face penal action

[I]  State of Indian economy: Is it time to go bearish?

[I]  The great divide: How inclusive growth still eludes India

 

BUSINESS STANDARD

[I]  Drug firms ask govt to raise ceiling prices of drugs under price control

[I]  Curbing piracy could help India's music industry touch Rs 20 bn by 2022

[I]  Changing consumer dynamics: Brands are targeting young urban singles

[I]  Digital-first economy? Bank transactions via cheques hit all-time low

[I]  MP plays safe with safeguard duty for solar tender, revises conditions

[I]  Fuelled by steel production, coking coal imports may climb to 58 mt by 2023

[I]  All you need to know about NABARD's 'agriculture household' survey

 

MARKETS (09:15 am)

[I]  SGX NIFTY Fut: 11602;  USDINR DGCX: 70.0750;  DJIA Mini: 25693;  FTSE 100 Fut: 7547;  NIKKEI 225 Fut: 22403;  EUR-USD: 1.1553; Crude Oil (WTI): 67.93;  Gold (Spot): 1192

Best Regards, ARBIND

23 Aug 2018