MACRO ECONOMIC NEWS

PRAY YOU START THE WEEK WITH A MOMENTOUS MONDAY. SMILE, IT MAKES YOU ATTRACTIVE AND PRODUCTIVE.

Macro Economic News 29 Oct 2018

 

China’s state-sponsored push to dominate technologies of the future looms as one of the biggest stumbling blocks to prospects for resolution to the U.S. trade war. Officials from both sides are pessimistic about chances for a breakthrough during their leaders meet at 20 summit on Nov. 30-Dec. 1. While Trump is still dangling the threat of additional levies, Xi is digging in for a protracted conflict by cushioning the impact on growth and showing no signs he’s willing to compromise plans to march up the value chain. Meanwhile, China’s economic growth continued to slow in October.

 

FINANCIAL TIMES

[I]  Angela Merkel’s CDU humbled in German regional vote

[I]  Chinese banks start scanning borrowers’ facial movements

[I]  Financial conditions tighten as markets tumble

[I]  No ‘white knight’ for banks in no-deal Brexit, EU regulator warns

[I]  Africa’s leaders at risk of wasting demographic dividend

[I]  EU scrambles to defy US Iran sanctions

[I]  Cornell halts China university ties over curbs on academic freedom

[I]  Italy is setting itself up for a monumental fiscal failure

 

REUTERS

[I]  Price rally takes sheen off India's festive gold buying

[I]  Japan retail sales growth slows, likely a drag on third quarter GDP

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

[I]  Hammond warns Brexit rebels not to risk easing of austerity

[I]  Open rift between RBI, government as official warns of catastrophe

[I]  Euro zone not prepared enough to face new crisis: French FinMin

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

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

 

BLOOMBERG 

[I]  State Street Quant Says Buy China Bank Stocks on Valuation Gap

[I]  African Job Creation Lags Developmental Gains, Study Finds

[I]  China Slowdown, Global Growth's Future, Brazil Ballot: Eco Day

[I]  Early Indicators Show China's Slowdown Worsened Again in October

[I]  Stock Market's `Whirlpool' Tests Pain Thresholds

[I]  BOJ to Maintain Policy Stance With Focus Growing on 10-Year Yield Range

[I]  The Cloud-Gaming Battle Is Coming, and Sony Has Its Game Face On

[I]  Rupee Worries Top India Bond Underwriter More Than Deficit Miss

[I]  China 2025 Plan Remains a Stumbling Block as Trump Meeting Looms

 

WALL STREET JOURNAL

[I]  U.S. Economy Flashes Signs It’s Downhill From Here

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

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

[I]  Global Economy Week Ahead: U.S. Consumer Confidence, Jobs Data

[I]  Iranian Port Project Poses a Dilemma for U.S.

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

 

BUSINESS LINE

[I]  Surge in equity futures, options spells trouble for retail investors

[I]  Iran oil imports: India ‘cautiously optimistic’ on US sanctions

[I]  MUDRA to RBI: Ease interest rate cap on on-lending by NBFCs

[I]  Rising fuel price is key worry for transport sector

[I]  Italy as India’s premier knowledge partner

 

ECONOMIC TIMES

[I]  Why RBI's lament may lead to more stress in the economy

[I]  Doing biz in the times of disruptive tech

[I]  SME IPO fundraising nearly doubles to Rs 1,281 crore in April-September

[I]  Dollar hovers near 10-week peak as global sentiment remains frail

[I]  NBFCs facing no major liquidity crisis, says NHB

[I]  Government expects recoveries to exceed Rs 1.80 lakh crore in FY19

[I]  CBIC to focus on behavioural patterns of taxpayers to improve GST compliance

 

BUSINESS STANDARD

[I]  MFI liquidity crisis: Rs 5 bn needed next quarter; some freeze fresh loans

[I]  Corporate earnings: Why FY19 may be 11th straight year of missed estimates

[I]  Why vehicle makers and dealers are bracing for dull festive season

[I]  Local brands ace the taste test in burgeoning packaged food market

[I]  Govt vs RBI: When governors of central bank fought for its autonomy

[I]  Deficit rainfall, reduced sowing: Estimates overstate food grain produce?

[I]  UIDAI allows banks to use Aadhaar eKYC to authenticate DBT users

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10097;  USDINR DGCX: 73.1250;  DJIA Mini: 24738;  FTSE 100 Fut: 6933;  NIKKEI 225 Fut: 21165;  EUR-USD: 1.1394; Crude Oil (WTI): 67.64;  Gold (Spot): 1235

 

Best Regards, ARBIND

29 Oct 2018