MACRO ECONOMIC NEWS

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Macro Economic News 11 Sep 2018

 

When the next recession comes, some states are likely to suffer much more than others if the Federal Reserve lacks ammunition to make economic downturns less severe, new Fed research shows. Top trade officials from the U.S. and the European Union reached no breakthrough on laying out a trade pact that would deliver on their presidents’ earlier agreement to slash tariffs and boost commerce. A debate is brewing inside the Federal Reserve about whether to demand big banks raise more capital as the economy heats up.

 

FINANCIAL TIMES

[I]  Chinese soldiers join Russia’s largest military exercise since cold war

[I]  Policymakers call for more firepower to fight recession

[I]  Swiss trade unions sound alarm over closer EU ties

[I]  US tech groups hit out at Australian data bill

[I]  America, China and the route to all-out trade war

[I]  China’s reputation as development financier on the line

 

REUTERS

[I]  Iraq replaces Saudi as top oil supplier to India in August: data

[I]  Australia business conditions strengthen in August: survey

[I]  Euro, pound steady on hopes for Brexit deal

[I]  Republicans urge more tax cuts as elections near

[I]  U.S. and Saudi energy ministers meet in Washington: DOE

[I]  India's August inflation seen easing below RBI's mid-term target: Reuters poll

[I]  Turkish economic growth dips, lira crisis darkens outlook

[I]  U.S. consumers' one-year inflation outlook highest in over 3 years: NY Fed survey

[I]  Capex drives Japan's fastest expansion since 2016, seen backing growth

 

BLOOMBERG 

[I]  Australia's Political Turmoil Sends Business Confidence Tumbling

[I]  Facing Dollar Squeeze, Indian Companies Rush for Samurai Loans

[I]  Surviving Next Crisis, Tax Cut 2.0, Surging U.S. Wages: Eco Day

[I]  U.K. Should Force Companies to Give Shares to Staff, Labour Says

[I]  Singapore's Builders Seen Facing Debt Troubles Amid Curbs

[I]  Harry Potter and the Bank of England's Productivity Policy Maker

 

WALL STREET JOURNAL

[I]  States Face Crunch If Fed’s Tool Kit Is Limited in Next Recession

[I]  White House Corrects Trump Tweet on GDP, Unemployment

[I]  Boston Fed President Backs Quarterly Rate Increases

[I]  Negotiators Meet in Bid to Ease Trans-Atlantic Trade Tensions

[I]  Fed Ponders a New Tool to Avert Crises

[I]  Trump Card: Japan’s Abe Bets on Trade in Bid for New Term

[I]  OECD Leading Indicators Flash Growth Warning

 

BUSINESS LINE

[I]  Brexit augurs well for India-UK trade talks: Graham Stuart

[I]  Centre pegs CAD for FY19 at 2.5% of GDP

[I]  One-time scheme to file pending GSTR-1 form will waive late fee

[I]  The conflicting saga of China’s exchange rate

[I]  Much money, but few investment options

[I]  Designing the right urban mobility framework

[I]  Centre keen to promote A2 cow milk to lift farmers’ income

[I]  Moody’s: Sustained fall in rupee credit-negative for Indian firms

 

ECONOMIC TIMES

[I]  Here's how govt plans to give economy a Rs 32,000 crore boost

[I]  Rupee not to go in for free fall: Former RBI Governor Raghuram Rajan

[I]  Rupee hits fresh lifetime low, govt asks RBI to intervene

[I]  10-year bond yield highest since late-2014, rupee at record low

[I]  Once-in-a-lifetime deals fuel a $100 billion India M&A boom

[I]  Heavy rains in Kerala to increase coconut yield

[I]  India's economic growth to slow in second half of this fiscal: UBS

[I]  Monsoon below normal for third straight month in August: IMD data

[I]  13 SEZ developers, units seek more time to implement projects

[I]  Group of secretaries on e-commerce to meet on September 13

 

BUSINESS STANDARD

[I]  Foreign automakers struggle on commercial vehicle route: Here's why

[I]  Sebi mulls allowing NRIs through FPI route after meeting specific KYC norms

[I]  Foreign PE funds and JVs to have a go at next round of IBC assets

[I]  Centre in a fix over amending British-era industrial labour law reform

[I]  Govt rules out cut in excise duty on fuel price amid nationwide protests

[I]  India becomes latest epicenter of nervousness sweeping emerging markets

[I]  FDI in mining trickles to $36 mn in FY18, from a peak of $659 mn in FY15

 

MARKETS (08:15 am)

[I]  SGX NIFTY Fut: 11462;  USDINR DGCX: 72.8325;  DJIA Mini: 25911;  FTSE 100 Fut: 7288;  NIKKEI 225 Fut: 22595;  EUR-USD: 1.1589; Crude Oil (WTI): 67.58;  Gold (Spot): 1194

 

Best Regards, ARBIND

11 Sep 2018