MACRO ECONOMIC NEWS

THIS DAY WOULD ENABLE THE BELIEF WHAT YOU DESERVE AND UNIVERSE WILL SERVE IT. HAVE A VICTORIOUS DAY AHEAD.

Macro Economic News 03 Oct 2018

 

Federal Reserve Chairman Jerome Powell said he doesn’t see evidence the labor market is at risk of overheating or of pressuring up prices. White House economic adviser Lawrence Kudlow said Tuesday trade talks between the U.S. and China could resume when economic policy makers meet in Buenos Aires in December for the Group of 20 meeting. Investors greeted the completion of a new North American trade agreement with relief, 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.

 

FINANCIAL TIMES

[I]  US considered ban on student visas for Chinese nationals

[I]  France imposes sanctions on Iranians over bomb plot claim

[I]  Brazil’s culture of corruption thrives despite scandals

[I]  Doubts over new Nafta deal unlocking US investment

[I]  Merkel’s coalition agrees measures to help diesel drivers

[I]  Federal Reserve chairman defends careful approach to lifting rates

[I]  Restaurant tipping should not be an excuse for low wages

[I]  Turkey faces tough choices on the US, Syria and EU

[I]  Angela Merkel’s fading authority is a problem for Europe

 

REUTERS

[I]  Trade pact clause seen deterring China trade deal with Canada, Mexico

[I]  Big is back: Canada's mega LNG project gets green light on Asia demand

[I]  Yield-hungry Japanese investors flocking to Chinese bonds

[I]  Trump helped parents shield millions from taxes: New York Times

[I]  India stems liquidity crisis for now

[I]  ECB supervisor sees no room for lowering capital demand on banks

 

BLOOMBERG 

[I]  When It Comes to Rates, What Are Central Banks Going to Do Next?

[I]  Tories Consumed by Brexit Face Up to Mortality

[I]  Oil Puts Indian Rupee on Course to Outstrip Taper-Tantrum Losses

[I]  Fed's Inflation, Aussie Stimulus, Trump Girds for China: Eco Day

[I]  How China's Peer-to-Peer Lending Crash Is Destroying Lives

[I]  It Took Only 10 Minutes to Send Gold and Silver Prices Soaring

[I]  Oil Price Tag Could Wipe Out Egypt's Savings From Gas Milestone

[I]  Why Iran's Lost Oil Sales Could Be Met by These Three Producers

[I]  Indonesia Weighs Tax Cut for Bond Investors to Prop Currency

[I]  Why Specter of a No Deal Brexit Is Spooking Asian Companies

 

WALL STREET JOURNAL

[I]  Fed’s Powell Sees Little Sign of Labor Market Overheating

[I]  U.S., China May Resume Trade Talks in December, White House Says

[I]  North American Trade Pact Soothes Investors, Businesses

[I]  Ten Things to Know About the New Deal

[I]  How the Deal Would Affect Key Industries

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

[I]  Fed Looks to Pare Language Describing Future of Rates Policy

[I]  Tax Cuts Provide Limited Boost to Workers’ Pay

 

BUSINESS LINE

[I]  Regulatory hurdles slowing down Startup India

[I]  Large exposure to NBFC, HFC bonds worries MF investors

[I]  Govt raises loan limit for MSMEs to over Rs. 1 crore

[I]  NCLAT chief: Regulator needed to oversee conduct of CoC, its members

[I]  Cost structure, reneged contracts cast shadow on solar programme

[I]  UN calls for greater India role amidst global chaos

[I]  Banks plan new products to ensure customers maintain minimum deposits

 

ECONOMIC TIMES

[I]  India defies US, poised to seal S-400 deal with Russia this week

[I]  OPEC faces renewed political assault in US

[I]  PSU IPOs get cold shoulder from investors

[I]  NBFC liquidity issue due to global factors

[I]  ‘NOPEC’: US mulls a bill to sue Opec for collusion on oil prices

[I]  Microfinance may need upto Rs 9,000 crore over 3 years to meet growth

[I]  Farm policy will be in sync with global rules: India to WTO

[I]  Government to file review petition against NGT ban on more than 10-year old diesel vehicles

[I]  GST collections likely to top Rs 1 lakh crore in November, December

 

BUSINESS STANDARD

[I]  Govt set to promulgate an Ordinance to bring amendments to Companies Act

[I]  Truck utilisation rate at five-year high even before festive sales

[I]  India Inc chooses deleveraging over growth; net debt-equity ratio improves

[I]  Infrastructure firms continue to suffer from high debt, poor profitability

[I]  E-pharmacy deal values surge over 200% in first nine months of 2018

[I]  Land acquisition likely to delay regional rapid transit system project

[I]  India targeting 40% power generation from non-fossil fuels by 2030: PM Modi

[I]  Oil producers start investing surplus across globe as economies turn around

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11015;  USDINR DGCX: 73.6550;  DJIA Mini: 26795;  FTSE 100 Fut: 7448;  NIKKEI 225 Fut: 24123;  EUR-USD: 1.1583; Crude Oil (WTI): 75.16;  Gold (Spot): 1208

 

Best Regards, ARBIND

03 Oct 2018