MACRO ECONOMIC NEWS

MAY THE GRACIOUS GOD BLESS US WITH BLISSFUL BEGINNINGS TO SHINE UPON. GOOD MORNING.

Macro Economic News 12 Sep 2018

 

The number of available jobs in the U.S. exceeded the number of job seekers by more than 650,000 in July—a gap that has been growing—in a sign of an increasingly tight labor market that is altering how employers find workers. Bank of England Gov. Mark Carney agreed to stay on at the central bank until 2020 to help steer the economy after the U.K. exits the European Union, the second time that Brexit has prompted the Canadian to delay his departure.

 

FINANCIAL TIMES

[I]  Lagarde warns of US-China trade war ‘shock’ to emerging markets

[I]  African cities surge to top of global growth league

[I]  Xi Jinping and Vladimir Putin vow to fight protectionism

[I]  China can put an end to currency manipulation

[I]  After the crisis, the banks are safer but debt is a danger

[I]  Emerging markets can still drive global growth

[I]  Peer-to-peer lending needs tighter regulation

[I]  Foreign funding of infrastructure causes currency risk

[I]  EU copyright rules would limit online freedom

 

REUTERS

[I]  U.S. farmers scramble to harvest crops as hurricane looms

[I]  How the European Union will vote and why it matters

[I]  Russia starts biggest war games since Soviet fall

[I]  China joins Putin's war games in message to U.S.

[I]  UK finance minister says BoE governor to stay on as Brexit turbulence looms

[I]  Record U.S. job openings, quits rate boost wage growth outlook

 

BLOOMBERG 

[I]  Foreign Bribery Crackdowns Haven’t Dented Practice, Report Says

[I]  Carney Joins U.K. Government's Backup Plans for Brexit Meltdown

[I]  Conservative Economists Question White House’s Corporate Tax Cut Claim

[I]  China-EM Crisis Risk, Brexit Summit, Two More Fed Hikes: Eco Day

[I]  Markets See Highest Chance Yet of Two More Fed Hikes in 2018

[I]  China Seeks to Retaliate Against U.S. Over Dumping Violation

[I]  Farmers in Hurricane Florence’s Path Race to Cushion the Blow

 

WALL STREET JOURNAL

[I]  Job Openings Exceed Unemployed Americans Again in July

[I]  China Woos U.S. Companies Again, Curbs Trade Threats

[I]  Steel Workers Demand Higher Pay as Tariffs Lift Profits

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

[I]  Bank of England’s Mark Carney Extends Tenure

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

[I]  China Auto Sales Slump on Trade Tensions, Economic Jitters

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

[I]  Economic Confidence Is Really High. Perhaps It’s Time to Sell.

 

BUSINESS LINE

[I]  IBC: Relief for companies as SC stays RBI circular to banks

[I]  Real Effective Exchange Rate slips to 114.5 in August on falling rupee

[I]  Panel of secretaries reviewing e-commerce draft to focus on FDI

[I]  N-E sees rain as super-typhoon rages in West Pacific

[I]  PFRDA plans to expand distribution network of NPS

 

ECONOMIC TIMES

[I]  Indian demi-billionaires to rise by 70% by '22: Survey

[I]  Rajan warns of ticking time bomb in banking

[I]  Cash-strapped Pakistan eying IMF bailout?

[I]  RBI remains net seller of dollar in July, sells $1.87 billion

[I]  Borrowing cost likely to rise with rising bond yields

[I]  10-year govt bond yield rises to 8.18%

[I]  Global funds dump Indian bonds at fastest pace in four months

[I]  India, Russia discuss ways to deepen cooperation in mining, agriculture

[I]  Regulatory policies pose top risk to India Inc in next 3 year: Deloitte

 

BUSINESS STANDARD

[I]  Power NPAs: SC transfers all pleas challenging RBI notification to itself

[I]  Kerala floods impact: Passenger vehicle sales dip over 2% in August

[I]  India's public spend on agriculture research not far behind China's

[I]  Indians work hardest, happy with working 5 days a week, says study

[I]  Amidst falling rupee, RBI adds another 6.8 tonnes of gold to forex reserves

[I]  NPA uncertainty deepens

[I]  Chinese companies flee overseas to escape Donald Trump's tariffs

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 11364;  USDINR DGCX: 72.8425;  DJIA Mini: 25995;  FTSE 100 Fut: 7267;  NIKKEI 225 Fut: 22573;  EUR-USD: 1.1593; Crude Oil (WTI): 69.79;  Gold (Spot): 1196

 

Best Regards, ARBIND

12 Sep 2018