MACRO ECONOMIC NEWS

GRACE AND FAITH: THE GREATEST LEARNING I GOT FROM YOU. THANK YOU. HAPPY TEACHER’S DAY.

Macro Economic News 05 Sep 2018

 

American factory activity in August expanded at the strongest pace in more than 14 years, despite rising tensions with some of the U.S.’s largest trade partners. Bank of England Gov. Mark Carney signaled that he is willing to stay on as head of the U.K. central bank after his term ends next year. The Bank of Canada is widely expected to keep its benchmark interest rate on hold at a policy announcement Wednesday, in part to allow more time to see how last-ditch efforts to include Canada in a new Nafta unfold.

 

FINANCIAL TIMES

[I]  Scandals expose flaws in EU fight against dirty money, say watchdogs

[I]  Japan’s Shinzo Abe vows to raise retirement age

[I]  Emerging markets under stress as FX correlations rise sharply

[I]  Syria and allies defy Trump to launch new rebel strikes

[I]  South Africa’s return to recession adds to emerging market gloom

[I]  Mark Carney set to stay to 2020 after backing from Theresa May

[I]  China pledge of $60bn loans to Africa sparks anger at home

[I]  US-India target closer ties despite Trump criticism

 

REUTERS

[I]  Flood-hit Kerala faces shortages of 'rat fever' drug

[I]  China services sector growth slows further in August, inflation pressures rising: Caixin PMI

[I]  Australia's economy storms ahead to best growth in six years

[I]  Mexico economy minister eyes U.S.-Canada deal by Friday

[I]  Crisis-hit Argentina hopes for improved IMF deal this month

[I]  Canada PM indicates he will not bend on key NAFTA demands at talks

 

BLOOMBERG 

[I]  Malaysia Leaves $100 Billion Real Estate Project in Limbo

[I]  How Much Worse Can the Emerging-Market Slump Get?

[I]  Australia's Government Scraps Plan to Raise Pension Age to 70

[I]  Contagion or Not, These Emerging Markets Hold Key to Selloff

[I]  Asian Stock Discount Deepens to 16-Year Low Versus U.S. Peers

[I]  Wall Street Debates End of ‘America First’ Trade as EU Struggles

[I]  Singapore Land Frenzy Slows to a Trickle After Property Curbs

[I]  Argentina to Go Deeper Into Recession, Central Bank Survey Says

[I]  Wall Street Analysts Split on How to Trade ‘Overvalued’ Dollar

[I]  Philippine Inflation Exceeds 6% for First Time Since 2009

[I]  China's 2025 Goal, Cohn's Trump Save, Argentina Worsens: Eco Day

 

WALL STREET JOURNAL

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

[I]  Business Groups Urge Senate to Block Trump Labor Board Nominee

[I]  BOE’s Carney Open to Extending Term for Brexit Stability

[I]  Bank of Canada Seen as On Hold Until October

[I]  In Battle for Congress, Rising Economy Doesn’t Lift All Districts

[I]  Parents’ Jobs Increasingly Shape How Far Kids Get in Life

[I]  Consumer Sentiment Boosted by Job Optimism

[I]  Global Economy Week Ahead: Trade Deficit and Jobs Report

[I]  E-Commerce Driving Need for More Warehouse Workers

 

BUSINESS LINE

[I]  India’s agenda for 2+2 talks with US

[I]  Preposterous to say FPI rules will lead to $75-b outflow: SEBI

[I]  Last date for filing GST annual return is December 31

[I]  CAs as fiduciaries: ICAI opposes SEBI move

[I]  10 years after, unconventional trouble ahead

[I]  Diesel price spike to make kharif harvest dearer

 

ECONOMIC TIMES

[I]  Your fuel bill won't come down anytime soon

[I]  Entrepreneurship, technology twin engines of prosperity: CEOs

[I]  Indian companies foreign investment decline 36% to $1.39 billion in July

[I]  India’s apparel exports likely to remain subdued in near term

[I]  NCAER business confidence index dips 12.9 per cent in July over April

[I]  India's FY19 growth to moderate after strong start: Report

[I]  Government notifies new annual return form for GST

[I]  GST authorities get their act together to plug gaps

 

BUSINESS STANDARD

[I]  US, European banks divided over 'high-risk jurisdiction' list of nations

[I]  Beneficial ownership norms: Centre, Sebi assuage FPI outflow concerns

[I]  There's a plug-free way to fill the world with electric vehicles

[I]  Economists expect RBI to hike rates in Oct policy as rupee fall continues

[I]  Debt resolution under IBC process: Banks take 47% haircut in RBI first list

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 11549;  USDINR DGCX: 71.6800;  DJIA Mini: 25970;  FTSE 100 Fut: 7437;  NIKKEI 225 Fut: 22631;  EUR-USD: 1.1597; Crude Oil (WTI): 69.36;  Gold (Spot): 1194

Best Regards, ARBIND

05 Sep 2018