MACRO ECONOMIC NEWS

WISH THIS DAY POURS VITALITY TO COMMITMENT WITH INDEPENDENCE AND INTERDEPENDENCE. GOOD MORNING.

Macro Economic News 04 Sep 2018

 

 

The U.S. is finalizing plans to double funding for big infrastructure projects around the world, seeking to counter China’s growing influence. U.S. household confidence rose in late August, and consumers are increasingly referencing job and income security when asked to explain why they are buying vehicles and homes.

 

FINANCIAL TIMES

[I]  Argentina unveils austerity programme to stem crisis

[I]  Casino shares fall further after credit rating downgrade

[I]  Turkey’s central bank hints at rate increase as inflation rises

[I]  Korea’s shipbuilders look to rising tide of orders

[I]  How central banks distort the predictive power of the yield curve

 

REUTERS

[I]  Trump warns Syria not to 'recklessly attack' Idlib province

[I]  Japan finmin seeks record 2019 budget to boost welfare, defense spending

[I]  Digital revolution has only small impact on inflation: Weidmann

[I]  Euro zone manufacturing growth eases on trade war worries: PMI

[I]  Turkey's central bank promises action after inflation surges to 18 percent

[I]  UK factories feel pinch from global economy as export orders fall

 

BLOOMBERG 

[I]  China's Leader Xi Looms Large Over North Korean Anniversary

[I]  World Factory Fears, 30% Pay Rises, Argentina Awaits: Eco Day

[I]  Turkey's Lira Needs More Than Intent to Raise Interest Rates

[I]  U.K. Consumers Plan to Get Thrifty After Summer Spending Spree

[I]  Trump's Trade War With China May Hit Parts of Your Car First

[I]  Hong Kong May Consider Further Curbs on Foreign Home Purchases

[I]  Venezuela Hikes Reserve Requirements in Anti-Inflation Push

 

WALL STREET JOURNAL

[I]  Trump’s Negotiating Style to Mark U.S.-Canada Nafta Talks

[I]  Global Economy Week Ahead: Trade Deficit and Jobs Report

[I]  To Counter China, U.S. Looks to Invest Billions More Overseas

[I]  Consumer Sentiment Boosted by Job Optimism

[I]  Trump Says He Will ‘Study’ Federal-Worker Pay

[I]  Parents’ Jobs Increasingly Shape How Far Kids Get in Life

[I]  Argentina’s Central Bank Lifts Policy Rate to 60%

 

BUSINESS LINE

[I]  Feeling cheated by an enterprise? Let the online helpers take over

[I]  CBIC may soon clarify on GST levy on goods sold at duty-free shops

[I]  India inked 67 APAs in FY18: CBDT report

[I]  Corporate stress remained elevated in Q1: Credit Suisse

[I]  Rupee depreciation does not always lead to export growth: EEPC

[I]  In two years since launch, UPI handled transactions worth Rs. 3.17-lakh crore

[I]  Rupee continues to close at record lows

 

ECONOMIC TIMES

[I]  Housing could be heading for its worst slowdown in years

[I]  Manufacturing slows in Aug as new orders shrink

[I]  Biggest bond inflows in 7 months fail to rescue rupee

[I]  Income tax department tapping data for black-money

[I]  Currency volatility to have 'limited impact' on India's credit profile: Fitch

[I]  RBI working on measures to further beef up cyber security in FY19

 

BUSINESS STANDARD

[I]  FPIs ring alarm bells on Sebi ownership notice; $75 bn assets could be hit

[I]  10-year bond yield touches 8%, rupee falls to 71.18 against dollar

[I]  RBI wants states to invest in sinking and guarantee funds mandatorily

[I]  India's retail credit market now most dynamic in EMs outside China at 15.7%

[I]  India to soon have London-like 'one-nation-one-card' policy for transport

[I]  Textile Ministry issues draft BIS-based quality standards for cotton bales

[I]  Manufacturing PMI falls to 3-month low of 51.7 in August from 52.3 in July

[I]  NPAs worth over Rs 4 trillion to be resolved by 2018 end: India Ratings

[I]  Unemployment rises in August 2018

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 11594;  USDINR DGCX: 71.4900;  DJIA Mini: 26003;  FTSE 100 Fut: 7487;  NIKKEI 225 Fut: 22674;  EUR-USD: 1.1600; Crude Oil (WTI): 70.05;  Gold (Spot): 1200

Best Regards, ARBIND

04 Sep 2018