MACRO ECONOMIC NEWS

MAY WE GET THE VIGOR TO LIVE THE TRUTH, WE KNOW IT ENOUGH. HAPPY WEEKEND.

Macro Economic News 08 Sep 2018

 

Strong hiring and a pickup in wage growth last month are likely to reinforce the Federal Reserve’s plan to continue gradually raising interest rates as the U.S. economy enters its 10th year of expansion. Nonfarm payrolls rose by 201,000, while the unemployment rate was unchanged at 3.9%. President Trump said tariffs on another $267 billion in Chinese goods are ready to go and could be rolled out on short notice, reinforcing earlier threats and signaling no end in sight for the growing trade dispute.

 

FINANCIAL TIMES

[I]  US wages grow at fastest pace in nine years

[I]  Super-prime houses auctioned off with no reserve

[I]  Turkey’s call for Syria ceasefire rebuffed by Putin

[I]  US consumers set for first big hit from Trump’s China tariffs

[I]  Distillers raise glass to future of English whisky

[I]  Economic fairness is a bipartisan challenge

 

REUTERS

[I]  Strong U.S. sales could ease profit worries into 2019

[I]  Unrest intensifies in Iraq as Iranian consulate and oil facility stormed

[I]  Canada's Freeland sees 'very good progress' in NAFTA trade talks

[I]  Trump ups ante on China, threatens duties on nearly all its imports

[I]  Global Economy: A decade after Lehman, Europe remains on economic crutches

[I]  U.S. job growth surges; annual wage gain largest since 2009

[I]  Nepal says China to allow access to ports, ending Indian monopoly on transit

 

BLOOMBERG 

[I]  Hedge Funds Defy Emerging Market Selloff With Bullish Crude Bets Growing

[I]  Trump Signals He's Ready to Go All-In Against China on Tariffs

[I]  Canadian Economy Loses 51,600 Jobs, Led by Plunge in Ontario

[I]  Rental Glut Sends Chill Through the Hottest U.S. Housing Markets

[I]  Jump in Yields Hits Real Estate, Homebuilder, Utilities Stocks

 

WALL STREET JOURNAL

[I]  Strong Economy Drove Wages Higher in August as Hiring Heats Up

[I]  August Jobs Report: The Numbers

[I]  Jobs Report Bolsters Fed in Its Gradual Rate Increases

[I]  Trump Preparing Tariffs on Further $267 Billion in Chinese Imports

[I]  Chances Fade for U.S.-China Trade Deal

[I]  Layoffs Reach a Half-Century Low

 

BUSINESS LINE

[I]  PMO to vet agri export policy before it is taken to Cabinet

[I]  Electricity Act amendments propose stiff penalties for PPA violations

[I]  Top automakers gear up for eco-drive

[I]  Mobility is the next frontier in the fight against climate change, says Prime Minister

[I]  Artificial Intelligence, data analytics to drive safety on Indian roads

[I]  Kharif crop coverage exceeds last year’s 1,040 lakh hectares

[I]  Rain may push into Rajasthan, delay monsoon withdrawal

 

ECONOMIC TIMES

[I]  2 GST slabs? Top taxman says it's possible

[I]  India can save Rs 1.2L cr by switching to e-bikes

[I]  Manmohan attacks Modi for his govt's failures

[I]  Opec, non-Opec panel to discuss sharing oil-output boost

[I]  Oilmeals exports jump 21% during April-August

[I]  Government procures 38 mn tonnes rice so far in 2017-18; exceeds target

[I]  Total government liabilities rise to Rs 79.8 lakh crore in Q1: Finance Ministry report

[I]  India's current account deficit at 2.4% of GDP in April-June

[I]  RBI tweak norms for exchange of torn currency

[I]  Centre planning to cut GST slabs to two from the present five, says top tax official

 

BUSINESS STANDARD

[I]  Social media on autopilot: Top four firms running without a head in India

[I]  Late southwest monsoon revival fuels hope of bumper kharif harvest

[I]  When Wall Street rules: The real culprits of the global financial crisis

[I]  Brokerages call for $30-35 billion NRI bonds to strengthen rupee

[I]  Non-resident Indian offshore fund managers seek relief from Sebi

[I]  Mutual fund assets surpass Rs 25 trillion; Rs 4.6 trillion added in 1 year

 

Best Regards, ARBIND

08 Sep 2018