MACRO ECONOMIC NEWS

MAY YOU BE BLESSED WITH WALKOVER FROM DARKNESS TO LIGHT. WISHING A DELIGHTFUL TOGETHERNESS.

Macro Economic News 19 Oct 2018

 

China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors. The number of Americans filing applications for new unemployment benefits fell last week, indicative of a tight labor market in which employers are reluctant to lay off workers. The U.S. Treasury again passed up a formal opportunity to designate China a “currency manipulator,” but singled out the nation’s currency practices as a source of “particular concern.”

 

FINANCIAL TIMES

[I]  Rome rebuked by Brussels for breaking EU budget rules

[I]  Private equity deals fail to keep up pre-crisis success

[I]  German investigation into tax wheeze spreads to Spain’s Santander

[I]  Merkel warns EU and UK against rigid approach to Brexit talks

[I]  Brussels hits back at US exchanges threat

[I]  EU warned against punishing Myanmar by axing trade preferences

[I]  Asia-Europe summit opens with signs of division

 

REUTERS

[I]  China economic growth slumps to weakest since 2009, demand ebbs as trade war bites

[I]  Hindu groups return to Sabarimala temple to block women from entering

[I]  Trump threatens to send military, shut border as migrants head for Mexico

[I]  China economic growth slumps to weakest since 2009, demand ebbs as trade war bites

[I]  RBI allows banks to lend more to some non-banking finance firms

[I]  China able to reach 2018 growth target: stats bureau

[I]  China shares fall as GDP growth slows; regulators pledge support

 

BLOOMBERG 

[I]  China's Economy Slows Amid Darker Outlook at Home and Abroad

[I]  Kiwis Take Flight From New Zealand as Australian Jobs Beckon

[I]  Man Who Bared `Enigma Network' Has New Hong Kong Stock Alert

[I]  China GDP Preview, Fed's Quarles on Hikes, Doctor Love: Eco Day

[I]  It's a Long Way Down for China Stocks Channeling Past Traumas

[I]  The Biggest Companies at Risk as China's Margin Calls Increase

[I]  China's Economy Slows Amid Darker Outlook at Home and Abroad

[I]  Japan's Inflation Creeps Up Again, Fueled by Energy Prices

[I]  Indonesia Corruption Crackdown Adds to Strains on Junk Bonds

 

WALL STREET JOURNAL

[I]  China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

[I]  U.S. Jobless Claims Dropped Last Week

[I]  U.S. Criticizes China’s Currency Practices, but Doesn’t Add Manipulator Designation

[I]  Quarles Backs Fed’s Gradual Policy Course

[I]  Fed’s Bullard Says It Is Still a Mistake for Central Bank to Project Rate Rises

[I]  Fed Minutes Point to Continued, Gradual Interest-Rate Increases

 

BUSINESS LINE

[I]  Centre may soon come out with comprehensive gold policy

[I]  Countdown for N-E monsoon on as 'low' is forecast over Bay

[I]  Consumer confidence drops sharply in Sept: survey

[I]  Office space leasing rises 15% in Jan-Sept this year: Report ...

[I]  US move to abolish H-4 visas set to impact Indians

[I]  IBC delays are hurting banks, economy

 

ECONOMIC TIMES

[I]  Statistics ministry seeks GST data to improve national accounts

[I]  Tightness in credit market unlikely to impact economic growth, says CLSA

[I]  Southwest monsoon set to withdraw from all parts of country by Saturday

[I]  Consumer confidence drops sharply in September: Survey

[I]  Govt may ban unfit independent directors from holding any board position for five years

[I]  Only registered valuers can do valuation under IBC from February 2019

[I]  US says it could remove India from currency monitoring list

 

BUSINESS STANDARD

[I]  Slowing spends cast shadow on India's IT services industry, says Gartner

[I]  Two global firms to help BBB select, train the right men for top PSB jobs

[I]  With risks developing hydra heads, companies run to cover top brass

[I]  Housing sales unlikely to see major turnaround this festive season

[I]  Deadline for availing GST input tax credit remains October 20: Govt

[I]  Banks can continue with Aadhaar-enabled payment system, says UIDAI

[I]  Indian travellers are breaking away from the traditional routines: Study

[I]  Consumer confidence drops in Sept as worry over savings, investment rises

[I]  Trump admin to propose changes in H-1B visas; move may hit Indian IT cos

 

MARKETS (10:00 am)

[I]  SGX NIFTY Fut: 10367;  USDINR DGCX: 73.8325;  DJIA Mini: 25446;  FTSE 100 Fut: 7023;  NIKKEI 225 Fut: 22427;  EUR-USD: 1.1460; Crude Oil (WTI): 68.82;  Gold (Spot): 1227

 

Best Regards, ARBIND

19 Oct 2018