MACRO ECONOMIC NEWS

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Macro Economic News 06 Sep 2018

 

The U.S. trade deficit posted its biggest monthly increase in almost three and a half years in July, as tax cuts and higher federal spending goosed up domestic demand while a cooling economy overseas hampered exports. A Trump official said the trade partners will bridge their differences to bring Ottawa into a three-way trade pact with the U.S. and Mexico, while Canadian Prime Minister Justin Trudeau said he can't relent on certain points.

 

FINANCIAL TIMES

[I]  Emerging market stocks descend into bear market

[I]  Italy heads for budget showdown with EU

[I]  Business leaders warn of lack of progress on emissions

[I]  Australia’s property boom ends as credit squeeze begins

[I]  High house prices in US stifle banks’ mortgage units

 

REUTERS

[I]  U.S. dollar to keep currency crown this year, but not next: Reuters poll

[I]  U.S. compares Nicaragua to Syria, warns of potential regional crisis

[I]  GST effect: Hundreds of thousands laid off despite growth

[I]  BOJ's Kataoka calls for more stimulus, criticizes July steps

[I]  India to surpass Brazil as top sugar producer, eyes bigger export share

 

BLOOMBERG 

[I]  Risks of Cybersecurity Breaches and Data Hacks Won't Go Away, Singapore Says

[I]  China's $29 Trillion Ball of Money Rolls to a Long-Ignored Haven

[I]  Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens

[I]  The 15,000-Rupiah World of 2018 Looks Quite Different From 1998

[I]  Sinking Indian Rupee Remains Hostage to Oil

[I]  U.K. Proposes Seasonal Worker Trial for Non-EU Farm Laborers

 

WALL STREET JOURNAL

[I]  U.S. Trade Deficit Posted Biggest Increase in July Since 2015

[I]  Canada Posts Biggest Monthly Trade Surplus With U.S. in Nearly a Decade

[I]  U.S., Canada Face Tough Issues as They Resume Nafta Talks

[I]  Wages Growing Faster Than You Think, White House Says

[I]  Bank of Canada Holds Benchmark Rate Steady

[I]  U.S. Factory Sector Clocks Strongest Growth in 14 Years

 

BUSINESS LINE

[I]  New ARC may take a load of power NPAs

[I]  SEBI to review FPI ownership norms

[I]  Services PMI drops to 51.5 in Aug

[I]  ‘Govt making favourable policies for auto sector’

[I]  Mauritius ‘for ensuring there’s no perception of wrongdoings’

[I]  Traditional insurance products benefit from higher G-Sec yields

 

ECONOMIC TIMES

[I]  How is oil going to behave? Iran, US and China hold clue

[I]  Rupee woes to deepen as India braces for external headwinds

[I]  India, US to begin trade talks today

[I]  India's August services sector activity falls from 21-month peak: PMI

[I]  Central Information Commission joins privacy debate, lists objections

[I]  Cabinet doubles Jan Dhan accounts overdraft cap to Rs 10,000 from 5,000: Arun Jaitley

[I]  Finance Ministry simplifies GST refund claim process for businesses

[I]  Revised Companies Act to simplify penalties for minor violations

 

BUSINESS STANDARD

[I]  Currency, equities' woes deepen as rupee closes at 71.76 against dollar

[I]  Govt makes Jan Dhan Yojana scheme open-ended with more incentives

[I]  PMI falls to 51.5 as new businesses grow slowly, export orders fall

[I]  Power sector NPAs: A crisis too near

[I]  Sebi may soon pave the way for startup listings under separate segment

[I]  Risky permissions shared with apps can pose a threat to your data privacy

[I]  Real estate firms set to make smart homes that do your everyday tasks

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11514;  USDINR DGCX: 72.1750;  DJIA Mini: 25986;  FTSE 100 Fut: 7383;  NIKKEI 225 Fut: 22480;  EUR-USD: 1.1635; Crude Oil (WTI): 68.64;  Gold (Spot): 1198

 

Best Regards, ARBIND

06 Sep 2018