MACRO ECONOMIC NEWS

WISHING A SUPER SATURDAY AND GRAND WEEKEND.

Macro Economic News 29 Sep 2018

 

A key measure of underlying inflation eased in August to its slowest pace in 18 months, suggesting price pressures remain contained as a strong dollar holds down import prices and wage growth stays moderate. U.S. consumer spending cooled slightly in August, but consumer sentiment is sky high heading into the holiday season. GDP growth cooled a bit in the third quarter after a robust April-through-June period, economists say, but should remain well above the sluggish gains posted throughout the economic expansion.

 

FINANCIAL TIMES

[I]  Italy budget rekindles EU fears of populist instability

[I]  The Canadian border city on front line of Trump’s tariff threats

[I]  Argentina turns to duo to save economy after IMF deal

[I]  UK to press for shake-up of Big Four auditors

[I]  China profits from Donald Trump’s UN isolation

[I]  Australia’s ‘culture wars’ threaten its public institutions 

 

REUTERS

[I]  India's shadow banking sector likely to face shake-up

[I]  Brazil's Bolsonaro says he will not accept election result if he loses

[I]  China says 'no cause for panic' over U.S. ties, but won't be blackmailed

[I]  Courting Canada, U.S. and Mexico cancel plans to publish NAFTA texts: sources

[I]  Brent hits 4-year high as U.S. sanctions on Iran tighten supply

[I]  Global funds raise U.S. stock holdings to three-and-a-half-year high

[I]  U.S. consumer spending rises, monthly inflation moderates

[I]  German unemployment rate falls to record low in September

[I]  China factory growth seen cooling as U.S. trade dispute intensifies: Reuters poll

 

BLOOMBERG 

[I]  U.S., Canada In Weekend Dash for Nafta Agreement, Guajardo Says

[I]  China Claims More Patents Than Any Country. Most Are Worthless

[I]  Druckenmiller Sees ‘Massive’ Debt Fueling Next Financial Crisis

[I]  Trillion-Dollar Deficit? Whatever, Says New Washington Consensus

[I]  After Another Quarter of Losses, Is Worst Over for Commodities?

[I]  Emerging-Market Currencies Ride Out Fed Hike, Trade-Row Escalation

 

WALL STREET JOURNAL

[I]  Core Inflation Remained Near Fed’s Target in August

[I]  Consumers Pulled Back Slightly on Spending in August

[I]  Mexico Pushes to Keep Canada in Nafta

[I]  Nafta Isn’t Dead Despite Missed Deadline

[I]  Lower-Income Americans Drive Up Consumer Sentiment in September

[I]  U.S. Economic Growth Slated to Cool in Third Quarter

[I]  House Passes Extension of Individual Tax Cuts

 

BUSINESS LINE

[I]  GST mop-up: 25 States in the red, but national shortfall comes down

[I]  Centre lowers H2 borrowing target by Rs. 70,000 cr

[I]  India, Russia may miss signing defence deals worth $8.5 b during Putin’s visit next month

[I]  Price of domestic gas hiked by 9.8%

[I]  Despite ruling, unique ID will continue to simplify KYC

 

ECONOMIC TIMES

[I]  Brent hits 4-yr high as US sanctions on Iran tighten supply

[I]  Dollar holds firm after upbeat data, hovers near 9-month high against yen

[I]  Agriculture Export Policy likely to be cleared in next few days: Suresh Prabhu

[I]  India's external debt declines 2.8 per cent $514.4 billion at end-June: RBI

[I]  State GST collection showing improvement over last year: Arun Jaitley

[I]  WTO cuts global trade outlook to 3.7% in 2019 as trade tensions escalate

[I]  India story stumbles as cash crunch, trade war fear shackle animal spirits

[I]  Government extends deadline for comment on data privacy framework to October 10

[I]  China should do more investment in India than focussing on exports here: Amitabh Kant

 

BUSINESS STANDARD

[I]  Midcaps, smallcaps plunge to new lows in biggest monthly drop since 2008

[I]  GST shadow over solar pump scheme, target likely to be missed

[I]  GST council meet: Panel of 7 finance ministers to decide on calamity tax

[I]  Govt extends deadline for comment on data privacy framework to October 10

[I]  Govt should expand coverage of old-age pension, hike amount: activists

[I]  Aadhaar verdict: Can you sue UIDAI and its licensed entities for offence?

 

Best Regards, ARBIND

29 Sep 2018