MACRO ECONOMIC NEWS

WISHING A GLORIFYING MONDAY. GOOD MORNING.

Macro Economic News 10 Sep 2018

 

Should wages accelerate, some analysts expect the gains to power more consumer spending, leading to a cycle of price increases throughout the economy. 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. 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]  EU seeks new powers for money laundering crackdown

[I]  Pakistan rethinks its role in Xi’s Belt and Road plan

[I]  US stocks defy midterm election-year blues

[I]  Beijing hopes Wall Street bankers can break Trump trade impasse

[I]  Trump ready to launch new round of China tariffs

[I]  Germany’s rightwing news sites pose challenge to traditional media

[I]  US groups protest against India’s proposed data rules

[I]  EU ready to give Barnier mandate to close Brexit deal

[I]  Germany migrant debate overshadows Euro 2024 bid

 

REUTERS

[I]  India above global average in hiring female airline pilots

[I]  Japan second-quarter GDP posts fastest growth since 2016 on stronger-than-expected...

[I]  China's August producer inflation eases, points to more pressure on economy

[I]  U.S. agriculture chief says NAFTA deal must end Canada's milk protein scheme

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

[I]  Khamenei urges Iran's military to 'scare off' enemy

[I]  China's record trade surplus with U.S. adds fuel to trade war fire

 

BLOOMBERG 

[I]  China Invites Top Wall Street Executives to Beijing, FT Reports

[I]  China Outlook Darkens, Japan Wage Gains, Italy Dilemma: Eco Day

[I]  Oil Demand Seen Peaking by 2023 While Climate Targets Missed

[I]  Jack Ma to Hand Alibaba's Helm to CEO Daniel Zhang Next Year

[I]  Japan’s Central Bank Won’t Tweak Policy Again Any Time Soon, Ex-Official Says

[I]  China's Trade Outlook Darkens as Trump Raises Stakes on Tariffs

[I]  Once-in-a-Lifetime Dealmaking Spree Underway in India

[I]  Central Bank Mettle in Focus as Dollar Saps Emerging Markets

 

WALL STREET JOURNAL

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

[I]  August Jobs Report: The Numbers

[I]  Wages Are Rising. Will Inflation Follow?

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

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

 

BUSINESS LINE

[I]  India: No deal to choose US oil over Iran’s; only price will decide

[I]  After Kerala floods, tyre-makers face a shortage of natural rubber

[I]  In a U-turn, SEBI panel to allow NRIs, PIOs to hold non-controlling stakes in FPIs

[I]  Centre to speed up claims payment under PM’s crop insurance scheme

[I]  WTO: US rejects India’s request to join Russia in dispute against duties on steel, aluminium

 

ECONOMIC TIMES

[I]  Govt looking at more tweaks to its GST action plan

[I]  Seven of top 10 cos lose Rs 75,684 cr in m-cap

[I]  View: Iran sanctions are fuelling tensions within Opec

[I]  Hedge funds defy emerging market rout as bullish bets on crude jump

[I]  RBI may conduct OMO this week to ease liquidity

[I]  Inflation dip in India may be mirage for embattled bond traders

[I]  600-700 Indian companies acquired annually since 2010: CII-PwC report

[I]  Centre sets up panel of secretaries into look e-commerce issues

[I]  Finance Ministry crafting strategy to boost GST revenues

 

BUSINESS STANDARD

[I]  Sebi may delay extending trading hours at derivatives markets till 11.55 pm

[I]  10 years of Lehman crisis: The world has changed, but not enough

[I]  After striking off 70,000 shell firms, govt axe to fall on another 100,000

[I]  OMCs may find it difficult to pass on price hike in upcoming quarter

[I]  Here's how a clutch of corporations cut costs by embracing clean fuel

[I]  Buyers and end users are making a comeback in the residential market

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11582;  USDINR DGCX: 72.2800;  DJIA Mini: 25997;  FTSE 100 Fut: 7292;  NIKKEI 225 Fut: 22316;  EUR-USD: 1.1552; Crude Oil (WTI): 68.10;  Gold (Spot): 1195

 

Best Regards, ARBIND

10 Sep 2018