MACRO ECONOMIC NEWS

LET TRUTH AND SIMPLICITY BE THE GUIDING RULE. BE BLESSED WITH THE FAITH.

Macro Economic News 02 Oct 2018

 

Investors greeted the completion of a new North American trade agreement with relief, lifting most indexes, as the Trump administration turned its focus to getting the deal through a divided Congress. American factory activity decelerated in September, pulling back from a 14-year high in August. An intensifying trade brawl with the U.S. is starting to take a heavier toll on China’s economy, as weakening foreign demand and sluggish domestic consumption cause Chinese manufacturers to significantly scale back production.

 

FINANCIAL TIMES

[I]  Trump hails Canada-US deal to revamp Nafta ‘historic’

[I]  LNG prices leap on strong Chinese demand

[I]  France and Germany call for shake-up of EU development funding

[I]  China’s data privacy outcry fuels case for tighter rules

[I]  Eurozone finance chiefs raise pressure on Rome over spending plan

[I]  UK foreign secretary rouses EU ire over Soviet jibe

[I]  Christine Lagarde urges world to ‘de-escalate’ trade disputes

 

REUTERS

[I]  Trump hits Brazil, India trade after clinching NAFTA deal

[I]  How Trump's son-in-law helped a $1.2 trillion trade zone stay intact

[I]  Australia expects resource exports to hit record $182 billion in 2018-2019

[I]  Japan PM Abe to keep key ministers in posts in cabinet reshuffle

 

BLOOMBERG 

[I]  The New Trade Deal Provides Relief for American Farmers

[I]  Emerging Markets Ripe to Rally in 2019 as Trade Truce on Horizon

[I]  The Era of Near-Zero Interest Rates Is Over

[I]  Mini-Refineries Race Billionaire to Solve Nigeria's Fuel Crisis

[I]  More Women, But Still Mostly Men on Podium at Top Oil Gathering

[I]  Five Things You Need to Know to Start Your Day

 

WALL STREET JOURNAL

[I]  North American Trade Pact Soothes Investors, Businesses

[I]  U.S. Pivots to China, With Deal in Hand

[I]  Canada Says New Trade Pact Removes Uncertainty

[I]  U.S. Factory Activity Pulls Back at the End of Summer

[I]  China’s Economy Losing Steam as Trade Fight Starts to Bite

[I]  Fed’s Rosengren Says Damage to China’s Economy Likely to Spill Into Other Countries

[I]  Global Economy Week Ahead: U.S. Employment Report and More

 

BUSINESS LINE

[I]  Indian Banks’ Association urged to improve wage hike offer

[I]  Core sector growth slows down to 4.2% in August

[I]  In September, auto sales head south with subdued demand in the North

[I]  Most profiteering cases in GST regime from FMCG sector

[I]  Rs. 1.75-lakh crore investment needed to set up 5,000 compressed bio-gas plants: Pradhan

[I]  India, Uzbekistan to work on preferential trade pact

[I]  Agriculture, forestry and fisheries will witness lower growth of 3.2%: ICRA

[I]  Rupee posts worst quarterly loss in five years

 

ECONOMIC TIMES

[I]  India Inc's credit profile moderates Year on Year in Apr-Sep: Crisil

[I]  More women getting into farming, show agriculture census

[I]  India's April-Aug rice exports drop 4.3 pct year on year: govt body

[I]  September GST collection stands at Rs 94,442 crore against Rs 93,690 crore in August

[I]  Commerce Minstry focusing on 9 sectors to boost exports; eyes 16% growth this fiscal

[I]  What India pays the world & what it gets back

[I]  Retail inflation for industrial works rises to 5.61pc in August

[I]  Andhra's jobless youth to get monthly allowance from tomorrow

[I]  Government looks to plug gaps in exits of auditors, directors

 

BUSINESS STANDARD

[I]  Carmakers in the slow lane as sales fail to pick up speed in September

[I]  RBI to buy Rs 360 billion worth of bonds in October to ease liquidity

[I]  There is no proposal to cap the prices of airine tickets, says Jayant Sinha

[I]  Fintech brands lose billions as consumers drop out of transactions: Report

[I]  India Inc's credit profile moderates YoY in April-September: CRISIL

[I]  Prices of two-wheelers to rise sharply amid slew of new regulations

[I]  Manufacturing PMI rises to 52.2 in September on back of new orders

[I]  Indian farm size shrank further by 6% in 5 years to 2015-16, census shows

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 11051;  USDINR DGCX: 73.7400;  DJIA Mini: 26647;  FTSE 100 Fut: 7435;  NIKKEI 225 Fut: 24265;  EUR-USD: 1.1571; Crude Oil (WTI): 75.52;  Gold (Spot): 1191

 

Best Regards, ARBIND

02 Oct 2018