MACRO ECONOMIC NEWS

WISH THIS WEEK PUTS YOU HIGH IN OTHERS HEART.GOOD MORNING.

Macro Economic News 20 Aug 2018

American households are saving more than previously estimated, a sign that consumers are better positioned to weather the next economic downturn. Fewer Americans are moving around the country to pursue new work opportunities, as better job prospects near home and changing family ties make people less willing to uproot their lives. The president set policy that let his nation gorge on foreign loans, granting his wish of a brawny economic expansion. Now it is paying the price. The economic turmoil shows how hard it is for countries to emulate China’s model of authoritarian capitalism.

FINANCIAL TIMES

[I]  Beijing orders banks to boost lending to exporters

[I]  What Greece needs now that its bailout is ending

[I]  US companies push rising costs on to customers

[I]  Damage wreaked by Kerala floods to cost $2.7bn 

[I]  Trade war imperils foreign banks’ China plans

[I]  Nationalisation will not fix UK’s wasteful investment

[I]  A Brexit-proof investment rooted in a very British habit

[I]  Children and addicts need protection from online gambling

REUTERS

[I]  Focus shifts to rescues as rain abates in Kerala

[I]  Series of quakes rocks Indonesia's Lombok, causing panic

[I]  Global Markets: Asia shares inch up with yuan, wary on Sino-U.S.talks

[I]  Japan firms welcome skilled foreign workers, frown at unskilled laborers: Reuters poll

[I]  Trade war puts new strains on America Inc's factories in China

[I]  Oil dips on concerns of slowing economic growth

[I]  Turkish lira crisis poses additional risk to German economy: finance ministry

[I]  Greece exits final bailout successfully: ESM

[I]  U.S. drops agriculture demand from NAFTA talks: Mexico farm lobby

[I]  With recession looming, Argentina's Macri lacks options to defend peso

[I]  Global Economy: Euro zone limping as global trade war escalates

BLOOMBERG 

[I]  Hong Kong Bears Pile Into Short Bets on Chinese Automakers

[I]  Gundlach Warns Record Treasury Short Bets Risk Pain on Squeeze

[I]  Channeling Tom Selleck, China Tries Reverse Mortgages

[I]  Burned by China Default, Korea Investors Have New Target: Qatar

[I]  Oil Prices Are Down. Nobody Told the Gas Pumps

[I]  Chinese Investors Can Help Cut Trade Deficit, Malaysia’s PM Says

[I]  Big Questions on Global Economy Hang Over Jackson Hole Gathering

[I]  U.K. Home Prices Dip With London Leading `Late Summer Sale'

[I]  Yield Curve Crunch Shows Fed Hiking Even Amid Global Agitation

[I]  Emerging Markets Turmoil Revives a Dreaded Old OPEC Ghost

WALL STREET JOURNAL

[I]  A Surprising Bulwark for the U.S. Economy: Personal Savings 

[I]  U.S., China Draw Up Plan to Settle Trade Dispute by November 

[I]  Fewer Americans Move for New Jobs 

[I]  How Erdogan’s Push for Endless Growth Brought Turkey to the Brink 

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

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

BUSINESS LINE

[I]  Flood-ravaged Kerala limping back to normalcy; red alert withdrawn

[I]  Slowly but steadily, the eNAM platform is taking root

[I]  An Indonesian tragedy

[I]  Worrying signs on the forex reserves front

[I]  Don’t stifle e-comm with excessive regulation

ECONOMIC TIMES

[I]  India's US challenge at WTO gets tougher

[I]  US gives Indian students a reason to smile

[I]  India's car shop floors are changing, and how!

[I]  Back series GDP figures not official estimates: Govt

[I]  What changed your markets while you were sleeping

[I]  APEDA to seek skilled workers to aid farmers use pesticides

[I]  India's current account deficit to widen to 2.5% of GDP in FY19: Moody's, experts

[I]  EU, 11 others back US complaint against India's export subsidies at WTO

[I]  PFRDA sets up panel for advice on cyber safety           

BUSINESS STANDARD

[I]  Tech to rescue: Now, forensic auditors go 'social' to nab fraudsters

[I]  Govt decides against removing RBI nominees from PSB boards, cites NPA issue

[I]  Export of India-made cars to US goes up, America becomes 2nd-biggest market

[I]  India has 49% more than earlier estimated oil and gas reserves, says report

[I]  Why you should avoid personal loans with high processing fee, low rate

MARKETS (8:30 am)

[I]  SGX NIFTY Fut: 11516  USDINR DGCX: 69.9450;  DJIA Mini: 25680;  FTSE 100 Fut: 7542;  NIKKEI 225 Fut: 22230;  EUR-USD: 1.1373; Crude Oil (WTI): 65.73;  Gold (Spot): 1185

Best Regards, ARBIND

20 Aug 2018