MACRO ECONOMIC NEWS

HAPPY HEART AND LAUGH LIFTS UP SPIRIT. WISHING A SPIRIT LIFTING WEEKEND.

Macro Economic News 27 Oct 2018

Strong consumer spending powered economic growth in the third quarter, helping to offset weak business investment and a drop in U.S. exports. The former central-bank chief, often credited with setting the stage for the boom of the 1980s, reflects on economic life lessons ahead of his new book, ‘Keeping At It.’ After a nearly 7% selloff this year, the yuan is at the brink of hitting 7 per dollar, a threshold that could trigger further selling if Chinese businesses and individuals decide they need to expatriate capital before any further decline.

 

FINANCIAL TIMES

[I]  US stocks head for worst month since the financial crisis

[I]  Growth jitters send investors heading for tech exit

[I]  China and Japan reset strained relationship

[I]  US economic growth tops forecasts

[I]  Draghi launches defence of central banks over political heat

[I]  Soaring German housing costs leave Merkel vulnerable

[I]  EU attracts record numbers of outside workers

[I]  Markets brace for near crisis-level drop in retail property values

 

REUTERS

[I]  China's industrial profits growth slows for fifth month as orders wane

[I]  Mixed U.S. inflation signals leave investors adrift

[I]  U.S. economic growth slows slightly in third quarter; outlook less upbeat

[I]  Asia Gold: Price rally takes sheen off India's festive buying

[I]  Analysis: Steel capacity set to expand just as demand growth ebbs

[I]  Pakistan PM Imran Khan, in search of loans, to visit China next week

 

BLOOMBERG 

[I]  U.K.'s Hammond to Cut Business Rates to Help Ailing High Street

[I]  Wheat's Weather Worries Drag On, But Grain Bears Are Coming Back

[I]  Italy Escapes a Second Rating Downgrade a Week After Moody’s

[I]  Corporate Bond Sales Fall Off Cliff

[I]  Business-Spending Slowdown Casts Shadow on Solid U.S. GDP Report

[I]  United Kingdom Affirmed by S&P, Outlook Remains Negative

[I]  Emerging-Market Assets Fall Amid Global Stock Sell-Off

[I]  Household Credit Growth in Canada Hits Its Slowest in 35 Years

 

WALL STREET JOURNAL

[I]  GDP Grows 3.5% on Consumer Vigor but Investment Slows

[I]  Volcker Sees Fed Rate Increases as Key to Stable Growth

[I]  Some 43% of College Grads Are Underemployed in First Job

[I]  U.S. Consumer Sentiment Ticked Down at the End of October

[I]  China Puts Yuan Skeptics on Notice as Currency Nears Decade Low

[I]  A Big Reason U.S. Economy Is Accelerating: Military Spending

[I]  U.S. Won’t Resume Trade Talks Without Firm Chinese Proposal

 

BUSINESS LINE

[I]  Digital sensors are the new ‘guards’ for equipment, logistics firms

[I]  SEBI moots easier listing norms for start-ups

[I]  It’s time tax-dodging MNCs paid their dues

[I]  Data security ‘is top concern of regulators worldwide’

[I]  NBFC crisis may trigger home price correction

 

ECONOMIC TIMES

[I]  RBI deputy bats for autonomy, says control 'catastrophic'

[I]  RBI to infuse Rs 40,000 cr to ease liquidity

[I]  Telcos cannot ask you for Aadhaar anymore

[I]  Dollar clings to narrow ranges as caution dominates markets after rout

[I]  Board remuneration: Miles to go for women directors

[I]  Promoters of 73,000 companies may face action

[I]  Pricing strategies of 50 companies under NAA lens

[I]  RBI rejects government's proposal to ease PCA norms for banks

 

BUSINESS STANDARD

[I]  Viral Acharya warns of market wrath, bats for more independence for RBI

[I]  Only 11% of residential inventories complete in top 3 cities: Report

[I]  China has agreed to increase its imports from India, says Suresh Prabhu

[I]  Income tax dept may seek first right on recovery of dues under IBC

[I]  Ensure there are no defaults by NBFCs, Arun Jaitley tells top PSBs

[I]  Direct investing in equity schemes could get cheaper after Sebi's circular

[I]  With innovator growth platform, Sebi eases startup listing norms

 

Best Regards, ARBIND

27 Oct 2018