MACRO ECONOMIC NEWS

WISHING YOU A DAY FULL OF LOVE AND SMILE. GOOD MORNING.

Macro Economic News 14 Aug 2018

Turkey’s tumult continued, spilling over to other developing nations. And slowing credit growth in China is reinforcing concerns over the nation’s economy. It prompted authorities to start doing more to support growth. Aggregate financing stood at 1.04 trillion yuan ($151 billion) in July, the People’s Bank of China said on Monday. That was slower than the 1.39 trillion yuan in June, using the central bank’s new calculation method for this data.

FINANCIAL TIMES

[I]  Turkish lira crisis starts to hit other emerging markets

[I]  Brazil’s election race leaves voters few options for real change

[I]  China denies UN allegations of Uighur internment centres

[I]  Pakistan gains guarantee of China’s financial backing

[I]  Koreas to hold summit as diplomatic momentum stumbles

[I]  China’s gaming groups locked in battle for growth

[I]  Trump tariffs risk putting brake on US electric cars

[I]  The pain of Mifid II is worth the gain for investment research

REUTERS

[I]  July inflation eases to 4.17 percent, RBI may hold rates

[I]  Trump signs defence policy bill with watered-down China measures

[I]  Australia business conditions ease in July, jobs up: survey

[I]  China to 'comprehensively' assess new U.S. defense act

[I]  Trump signs defence policy bill with watered-down China measures

[I]  Euro on defensive as lira, EM currencies seen vulnerable

BLOOMBERG 

[I]  China’s Slower Credit Growth Underscores Worries Over Economy

[I]  How Emerging-Market Investors Are Playing Turkey's Crisis

[I]  Unsold Land in Crowded China Cities Points to Property Slowdown

[I]  Investment Banking’s Elite Is 96% Men, But There’s a Big Outlier

[I]  CBO Cuts U.S. Growth Forecast Amid Warnings on Trade Spats

[I]  Think Turkey, Argentine Sovereign Debt Is Bad? Look at Companies

WALL STREET JOURNAL

[I]  Rising U.S. Consumer Prices Are Eroding Wage Gains 

[I]  Eurozone Optimism Ebbs With Tensions Over Trade, Turkey 

[I]  U.S. Takes Trade Fight to Smaller Nations 

[I]  Turkey on the Economic Brink, Explained in a Dozen Charts

[I]  Tariffs Could Slow Exports, Not Just Imports, New York Fed Research Warns

BUSINESS LINE

[I]  SEBI may soon set trading limits for retail investors

[I]  800-km stretch of dedicated freight corridor to be opened this year

[I]  Rupee plunges to record low

[I]  Banks shy away from lending to affordable housing under CLSS

[I]  Overall savings rate dips to 30% in FY17 on decline in household sector: India Ratings

[I]  Commerce Ministry carries out fresh review of free trade pacts

[I]  Industrial employment: Jobs go up but wages don’t

ECONOMIC TIMES

[I]  Gold imports surge in July as jewellers replenish inventory

[I]  Why has Turkey's currency lira fallen so sharply?

[I]  Lira extends slide as Erdogan says Turkey in an economic war

[I]  Rupee second-best performing EM currency in past one month

[I]  PBOC rules out ‘strong’ stimulus, says won’t use yuan in trade war

[I]  Companies customise employees experience

[I]  Foreign reserves in comfortable range: Report

[I]  Cheap imports entering via Asean trade pact may hit Make in India

[I]  Inter-state office services to attract GST

BUSINESS STANDARD

[I]  Sebi's FPI norms may jeopardise billions of dollars from offshore funds

[I]  IBC process: 137 firms set for liquidation, but buyer interest is muted

[I]  Q1 earnings: Auto companies lag behind Street estimates by wide margin

[I]  Lok Sabha polls on mind, Modi govt readies comprehensive package for MSMEs

[I]  India's retail inflation drops to a nine-month low of 4.2% in July

[I]  Fund raising via preferential allotment jumps 11-fold in June quarter

[I]  Initial estimates suggest crop loss of Rs 6 bn: Rain-hit Kerala planters

[I]  Gold imports at 7-month high in July as jewellers replenish stocks

MARKETS (8:30 am)

[I]  SGX NIFTY Fut: 11377  USDINR DGCX: 70.2000;  DJIA Mini: 25242;  FTSE 100 Fut: 7637;  NIKKEI 225 Fut: 22108;  EUR-USD: 1.1410; Crude Oil (WTI): 67.52;  Gold (Spot): 1196

Best Regards, ARBIND

14 Aug 2018