MACRO ECONOMIC NEWS

TODAY YOUR SMILE WILL WIN PEOPLE. WISHING A WONDERFUL WEDNESDAY.

Macro Economic News 26 Sep 2018

 

Consumer confidence hit a new 18-year high in September, as robust job growth and a strong economic outlook bolstered Americans’ expectations for the future. Home-price gains slowed for the fourth straight month in July, as higher mortgage rates begin acting as a brake on rapid price growth, offering some welcome respite for buyers. The Trump administration’s top trade negotiator threatened to move forward with a bilateral accord with Mexico amid a lack of progress with Canada on renegotiating the North American Free Trade Agreement.

 

FINANCIAL TIMES

[I]  Argentina central bank chief resigns

[I]  European sovereign bonds change hands less often

[I]  Trump tells UN that Opec is ‘ripping off’ the world

[I]  Swedish prime minister loses crucial confidence vote

[I]  European tech companies call on EU to toughen regulations

[I]  US tech groups’ executives to make case for national privacy law

[I]  Trump presses Japan to open bilateral trade talks

 

REUTERS

[I]  Finance ministry urges RBI to take more steps to ease liquidity, tackle credit crunch

[I]  China will further develop e-commerce, sharing economy to create more jobs

[I]  U.S.-China trade war dims Asia's 2019 growth outlook: ADB

[I]  UAE will support U.N. proposals for new talks on Yemen: official

[I]  U.N. debut for New Zealand's 'First Baby': diaper change, peace summit

[I]  U.S. says Canada not making concessions needed for NAFTA deal

[I]  Exclusive: India eases oil import rules as it seeks to cut costs

 

BLOOMBERG 

[I]  Pleasing Investors Is Getting Expensive for IMF-Backed Egypt

[I]  South Korea's Moon Becomes Kim Jong Un's Top Spokesman at UN

[I]  China Unlikely to Follow Fed Rate Hike as Economy Slows: Survey

[I]  It's Asia's Turn as Worst Hit Nations Set to Hike Rates

[I]  Oil Loses Steam as Industry Tally Shows Surprise Stockpile Rise

[I]  Trump Attacks OPEC Again, Demanding Cash for Military Protection

[I]  ETF Investors Are Buying Treasuries and Dumping Junk Bonds

[I]  Manufacturers Liken Impact of Tariffs to Obama-Era Regulations

 

WALL STREET JOURNAL

[I]  U.S. Consumer Confidence Hits 18-Year High

[I]  Home-Price Gains Decelerated in July

[I]  U.S. Existing-Home Sales Stalled in August

[I]  Trade Deal Could Move Ahead Without Canada, U.S. Official Says

[I]  Trump Pursues Trade Deals in Asia, Europe Amid Frostiness With China

[I]  Trump Defends Hard-Line Trade Policies at U.N.

[I]  U.S. Reliance on Obscure Imports From China Points to Vulnerability

 

BUSINESS LINE

[I]  Jaitley: Recoveries are up, NPAs going down

[I]  India added 214 billionaires in one year, says Hurun report

[I]  MFs gear up for redemption in debt schemes

[I]  India draws attention to $12-b US farm bailout package at WTO

[I]  India inches up in ‘human capital’ ranking

[I]  Fiscal deficit hits 95% of Budget Estimate in 5 months of FY19

 

ECONOMIC TIMES

[I]  India may cut imports of Iranian oil to zero in November

[I]  Mobile number portability to become faster

[I]  Cabinet may consider Rs 4,500-cr package to sugar sector on Wednesday

[I]  FDI in food processing touches $1-billion mark this year: Harsimrat Kaur Badal

[I]  Maharashtra looks for Rs 25,000 crore investment in e-vehicle segment

[I]  IGST exemption for EOUs, Software Technology Parks extended till March 31

 

BUSINESS STANDARD

[I]  Privacy issue: 210 govt websites show personal details of Aadhaar holders

[I]  FM Arun Jaitley launches portal to grant MSME loans within an hour

[I]  Now, Aadhaar made mandatory for pension, kerosene subsidy

[I]  Equity MF exposure to non-bank lenders nears the Rs 1-trillion mark

[I]  Global trade war concerns hurt most S-E Asian stocks; Singapore rises

[I]  Surveillance, consent, welfare: All you need to know about the Aadhaar case

[I]  Majority of workers earn less than Rs 10,000 per month, says report

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11145;  USDINR DGCX: 72.6850;  DJIA Mini: 26566;  FTSE 100 Fut: 7466;  NIKKEI 225 Fut: 23953;  EUR-USD: 1.1765; Crude Oil (WTI): 72.20;  Gold (Spot): 1202

 

Best Regards, ARBIND

26 Sep 2018