MACRO ECONOMIC NEWS

TRUST IN GOD MAKES THE PATH SMOOTHER AND SHINIER. WISHING A BRIGHT DAY AHEAD.

Macro Economic News 14 Sep 2018

 

Tariffs have yet to meaningfully affect the U.S. economy because of the relatively small amounts imposed so far, but trade tensions remain the biggest risk to the economic outlook, according to forecasters surveyed by The Wall Street Journal. The monthly U.S. budget deficit nearly doubled in August compared with a year earlier, as government spending swelled and revenues declined.

 

FINANCIAL TIMES

[I]  Calls grow for international action in Venezuela

[I]  Bullish US stocks leave rest of the world trailing

[I]  Turkish central bank raises interest rates to stem currency crisis

[I]  Diamonds rock for millennials and Generation Z

[I]  A weaker British pound makes no economic sense

 

REUTERS

[I]  Indian rupee, bonds rise on lower crude prices overnight, receding trade tensions

[I]  Women in management at Japan firms still a rarity: Reuters poll

[I]  Global Markets: Trade talk plans boost Asian shares, but China shaky

[I]  Japan PM Abe says BOJ's easy policy shouldn't continue forever

[I]  Japan bank lobby gives lukewarm welcome to BOJ's July move

[I]  China industrial output tops forecasts, but investment growth sinks to new low

[I]  Australian PM's own party defies him in selection of by-election candidate

[I]  Japan government more bullish on capex, eyes on U.S.-China trade row

 

BLOOMBERG 

[I]  China's Investment Slowdown Worsens as Industry, Retail Hold Up

[I]  North Korea Can Speak With Seoul 24 Hours a Day at New Office

[I]  Warren Says Financial Giants Should Be Brought Down to Size

[I]  China Lets Expats Trade Stocks, But They're in No Mood to Buy

[I]  BOJ Has Chosen ‘Forward Guidance’ for Global Markets

[I]  The New Venezuelan Currency Is Just Three Weeks Old and Inflation's Already 100%

[I]  Traders Ease Back on Short Yuan Bets to Gauge U.S.-China Dispute

[I]  China Revamps $12 Trillion Bond Market to Lure Foreign Investors

[I]  China's Investment Slowdown Worsens as Industry, Retail Hold Up

[I]  China Debt Dilemma, U.S. Inflation, Turkey Rate Shock: Eco Day

 

WALL STREET JOURNAL

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

[I]  Economists Split Over Path of Interest Rates in 2019

[I]  U.S. Budget Deficit Widened in August, Treasury Says

[I]  The Tricky Part of the Fed’s Next Rate Increases

[I]  Jobless Claims Remain at Half-Century Low

[I]  Consumer Prices Moderate After Run-Up Earlier in 2018

 

BUSINESS LINE

[I]  Global oil demand to top 100 mn bpd, but outlook may cloud

[I]  Asian shares rise as China, US weigh fresh talks

[I]  Dollar sags after weak US data

[I]  SEBI may consider proposal to allow foreign entities in commodity markets

[I]  Govt, RBI will do everything to arrest rupee fall: Economic Affairs Secretary

[I]  How digital disbursal boosts rural loans of microfinance 

 

ECONOMIC TIMES

[I]  Dollar sags after weak US data, Turkey rate hike lifts emerging currencies

[I]  No government approval needed for compensation of top executives

[I]  August records investments worth USD 1.6 billion across 50 deals; exits at USD 830 million: Report

[I]  Farmers earning as much as Rs 3 lakh per acre by cultivating herbs

[I]  Poultry consumption in VIIP countries outperform global growth: Report

[I]  No state to be penalised for doing well:15th Finance Commission

[I]  Shareholders ask Leasing & Financial Services to raise funds by selling assets, non-core biz

[I]  Ecommerce panel discusses key problems at its first meet

[I]  Be a service provider: Income tax department has to stop being judge, jury and executioner

 

BUSINESS STANDARD

[I]  E-commerce players to pay up to 2% tax collected at source from October

[I]  India's private equity big boys are taking controlling stake in many firms

[I]  It's great time to be a CEO! Compensation outpaces profits, total wage bill

[I]  Travel aggregation to ride-hailing, welcome to India's shared economy

[I]  Artificial Intelligence related jobs on the rise in India, says study

[I]  PSUs cut dividend 2nd time in a decade as cash reserves continue to dwindle

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 11475;  USDINR DGCX: 71.9900;  DJIA Mini: 26193;  FTSE 100 Fut: 7298;  NIKKEI 225 Fut: 23040;  EUR-USD: 1.1690; Crude Oil (WTI): 68.78;  Gold (Spot): 1205

 

Best Regards, ARBIND

14 Sep 2018