MACRO ECONOMIC NEWS

THIS WEEK YOU MAY GIFT YOURSELF THE FREEDOM FROM WHAT OTHER THINKS. WISHING A SMILING WEEK AHEAD.

Macro Economic News 17 Sep 2018

 

President Trump’s economic conflict with China is set to escalate this week, as the administration plans to unveil fresh tariffs on $200 billion in Chinese products entering the U.S. and Beijing debates new ways to retaliate. Americans are feeling better about the economy in part because they have a rosier view of the future, a factor that could support spending and output growth later this year. U.S. industrial output rose for the third month in a row in August, largely because of strong utility and motor-vehicle production.

 

FINANCIAL TIMES

[I]  Malaysian PM to court global investors in US

[I]  Yemen conflict creates ‘lost generation’ of children

[I]  Japan on track for biggest M&A spree in the US

[I]  Argentina to set out austerity budget in search for IMF support

[I]  Korea talks lay groundwork for second Trump-Kim summit

[I]  Japan’s paper industry pushes sector to replace plastic

[I]  Insurers look to boost profits with riskier investments

[I]  Financial sector remains an impenetrable black box

 

REUTERS

[I]  Gold buying wanes at major Asian centres as prices gain

[I]  Trump 'likely' to announce new China tariffs as early as Monday: source

[I]  China central bank unexpectedly injects 265 billion yuan via one-year MLF, rate unchanged

[I]  UK consumers remain most upbeat since 2015: IHS Markit

[I]  UK consumer spending grows at fastest pace since January: Visa

[I]  China may reject new trade talks if more tariffs imposed: WSJ

[I]  Take Five: World markets themes for the week ahead

[I]  Austria, Germany agree on need to avoid hard Brexit: Kurz

[I]  London mayor calls for second Brexit referendum

 

BLOOMBERG 

[I]  World's Richest Economies Enjoy Biggest Pay Raise in a Decade

[I]  Flights to Resume as Typhoon Moves on After Battering Hong Kong

[I]  China-U.S. Tariff Talks at Risk After Trump's Latest Threats, WSJ Reports

[I]  Gap Grows Between What Investors Want, And What Egypt's Offering

[I]  One of China's Wildest Housing Markets Is Broken

[I]  The Emerging Market Rout Is Nearing a Turning Point, Templeton Says

[I]  Japan's Abe Says He Told Trump It's Dangerous to Play With FX

 

WALL STREET JOURNAL

[I]  U.S., China Ramp Up Trade Threats, Imperiling Negotiation Efforts

[I]  Trade Fights Weigh on GOP Incumbents

[I]  Tallying the Economic Scars of a Hurricane

[I]  U.S. Consumers Brighten, Upbeat About the Future

[I]  Industrial Production Rose in August

[I]  NLRB Pushes to Rescind Obama-Era Union Ruling

[I]  Most Economists See Tariff Effects on U.S. Economy as Limited

[I]  Global Economy Week Ahead: Brazil Rate Decision and U.S. Jobless Claims

[I]  House Republicans Move to Extend Individuals’ Tax Cuts

 

BUSINESS LINE

[I]  India in a Catch-22 situation on a free trade pact with US

[I]  With steel prices on the rise, wagon industry finds the going tough

[I]  Why factory output figures are suspect

[I]  Low pressure in Bay to bring more rain to East coast

 

ECONOMIC TIMES

[I]  India clears way for $2.2-b frigates deal with Russia

[I]  India should not miss golden chance to change growth orbit

[I]  FPIs turn net sellers in September, pull out USD 1.3 billion so far

[I]  Emerging market currency crisis could lead to broader economic trouble

[I]  Gold treads water on reports new China tariffs imminent

[I]  Rupee likely to be on a roller-coaster ride this year

[I]  Dollar hold gains in cautious trade ahead of new US tariffs on China

[I]  Commerce Ministry eases process to avail export incentives under MEIS scheme

[I]  Government moves to arrest Re depreciation to have limited impact: Report

 

BUSINESS STANDARD

[I]  Cooking fuel subsidy set to see 66% jump on rising crude oil prices

[I]  IBC process: Delays put role of adjudicating authorities in spotlight

[I]  Steps to bring rupee, CAD back on track: FPI move big positive for realty

[I]  Masala bonds: Investor base to widen; banks can market bonds to NRIs, HNIs

[I]  Implementation of RERA across states is nowhere close to its goal: Expert

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11496;  USDINR DGCX: 72.1650;  DJIA Mini: 26150;  FTSE 100 Fut: 7294;  NIKKEI 225 Fut: 23070;  EUR-USD: 1.1634; Crude Oil (WTI): 68.96;  Gold (Spot): 1195

 

Best Regards, ARBIND

17 Sep 2018