MACRO ECONOMIC NEWS

YOU HAVE BEEN CHOSEN AND DESTINED FOR GRACE. WISHING A GRACIOUS DAY AHEAD.

Macro Economic News 27 Sep 2018

 

The Federal Reserve raised short-term interest rates by another quarter-percentage point—and officials signaled they want to continue lifting them through the next year to keep a strong economy on an even keel. Beijing is increasingly leaning on an array of levers to extract intellectual property—sometimes coercively—say U.S. companies. China says it’s payment for market access. The phenomenon is central to the trade fight between the two countries.

 

FINANCIAL TIMES

[I]  Federal Reserve raises US interest rates despite trade war concerns

[I]  Exit of central bank chief clears path to Argentina-IMF deal

[I]  UK Brexit proposal would spell ‘end of Europe’, says Le Maire

[I]  Merkel’s loss of right-hand man represents unprecedented revolt

[I]  India’s Supreme Court places limits on digital identity card

[I]  India raises tariffs on non-essential imports

 

REUTERS

[I]  Import tariffs raised on 19 items to tackle rupee slide

[I]  Fed raises U.S. interest rates, sees at least three more years of growth

[I]  Supreme Court imposes curbs on use of Aadhaar

[I]  India expects $100 billion in telecom investments, approves new policy

[I]  Global equities run out of steam, bond yields fall after Fed

[I]  China's August industrial profit growth slips to five-month low

[I]  China leaves rates steady after Fed as two economies diverge

[I]  After Fed, Philippines, Indonesia seen hiking rates; NZ holds the line

[I]  BOK chief says weak inflation, job market obstacles to policy tightening

[I]  China to boost $3.8 trillion digital economy, Xi calls for self-reliance

 

BLOOMBERG 

[I]  Something for Everyone From Fed Leaves Investors Debating 2019

[I]  Morgan Stanley Says Traders Mispricing Fed at Both Ends of Curve

[I]  Argentina Gets $57 Billion as IMF Doubles Down on Record Bailout

[I]  Morgan Stanley Says Traders Mispricing Fed at Both Ends of Curve

 

WALL STREET JOURNAL

[I]  Fed Raises Rates, Signals One More Increase This Year

[I]  Recap of the Fed’s Decision

[I]  How the September Statement Changed From August

[I]  As Fed Raises Rates, Consumers Have Yet to Feel the Sting

[I]  How China Systematically Pries Technology From U.S. Companies

[I]  New-Home Sales Bounced Back in August

[I]  Big Businesses Push Down Prices, and Perhaps Wages

[I]  An Economic Cold War Looms Between the U.S. and China

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

 

BUSINESS LINE

[I]  SC upholds Aadhaar’s constitutional validity...

[I]  New Digital Policy to safeguard data privacy and autonomy of individuals

[I]  Sweet spot: Sugar mills get transport subsidy, production aid under Rs. 5,500-crore package

[I]  Kharif foodgrain output to hit record 141.6 mt

[I]  Customer on-boarding costs to shoot up for fintech players

[I]  ADB maintains India growth forecast at 7.3% for FY19

 

ECONOMIC TIMES

[I]  Aadhaar: 'Legal, but limit use to govt benefits'

[I]  Kharif food-grain output to be record high, show initial government estimates

[I]  Higher duties to boost gold trade but take sheen off polished diamonds

[I]  India proposes free trade agreement with Bangladesh

[I]  World economy on shaky ground; trade war sign of 'deeper malaise': UN report

[I]  CO2 emissions cost India USD 210 billion every year: Study

[I]  FinMin initiates discussions with PSU banks for capital infusion

 

BUSINESS STANDARD

[I]  Govt raises import duties on 19 major items to curtail widening CAD

[I]  SC upholds constitutional validity of Aadhaar card, but with caveats

[I]  Impact of import duty hikes: Festive offers by companies to dry up

[I]  After SC verdict, private firms wanting to still use Aadhaar look to govt

[I]  Cabinet approves $100-billion investment goal in e-communication

[I]  RBI monetary policy review: Bank may hike rates despite bond turmoil

[I]  Emerging economies more optimistic about gains from trade

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11080;  USDINR DGCX: 72.7475;  DJIA Mini: 26447;  FTSE 100 Fut: 7472;  NIKKEI 225 Fut: 24002;  EUR-USD: 1.1749; Crude Oil (WTI): 72.46;  Gold (Spot): 1198

 

Best Regards, ARBIND

27 Sep 2018