MACRO ECONOMIC NEWS

THIS WEEK WILL BE FILLED WITH GOOD NEWS, ABUNDANCE AND LOVE. WISHING A MIRACULOUS WEEK AHEAD.

Macro Economic News 15 Oct 2018

 

The U.S. housing market is running out of steam, but its slowdown looks nothing like the historic collapse that took down the whole economy in 2007. The Federal Reserve stressed the need for it to normalize monetary policy gradually and transparently, as its global counterparts warned against threats to central bank independence following President Trump’s criticisms of the Fed.

 

FINANCIAL TIMES

[I]  Brexit talks reach stand-off as May brands draft deal a ‘non-starter’

[I]  Bridgewater warns Fed could turn ‘hot’ economy to ‘mediocre’

[I]  Investors bet against Italian debt as budget fears intensify

[I]  Bank of England tells institutions to prepare for climate change

[I]  Theresa May straddles her red lines in search of Brexit deal

[I]  Zimbabwe’s attempt to tackle ‘bad’ currency deepens economic woes

[I]  Thailand to ban foreign plastic waste from 2021

[I]  Silicon Valley divided over homelessness problem

 

REUTERS

[I]  China slaps anti-dumping duty on chemical from U.S., Japan

[I]  Japan manufacturers' mood rises, trade worries weigh on outlook: Reuters Tankan

[I]  China property market feels fresh chill, 'winter' is coming

[I]  Italian cabinet due to approve budget as EU, markets fret

[I]  Merkel's Bavarian allies humbled in historic election setback

[I]  BOJ's Kuroda warns of darkening global prospects as trade tensions weigh

[I]  U.S. to seek currency chapters in trade talks with Japan, others: Mnuchin

 

BLOOMBERG 

[I]  Don't Bet on China's Yuan Falling Past 7 Soon, Survey Shows

[I]  British Government to Ask for Roadmap to Net Zero Emissions

[I]  Investors Move Downmarket Seeking Juicier U.K. Property Returns

[I]  Central London Defies Worst U.K. Housing Market Since 2010

[I]  Global Economy Tremors, BOJ Exit Signs, PBOC Interview: Eco Day

[I]  Tremors Rattling World Economy: Takeaways From IMF Talks in Bali

[I]  Trump Threatens Another Round of China Tariffs

[I]  A Decade From Crisis, Banks Face Risks From Italy to Trade Wars

 

WALL STREET JOURNAL

[I]  Housing Market Positioned for a Gentler Slowdown Than in 2007

[I]  Fed Officials See Strong Economy Justifying Rate Rises

[I]  Behind Market Turmoil, Potentially Good News

[I]  U.S., China Edge Closer to a Cold War

[I]  U.S. Consumer Sentiment Cooled Slightly in Early October

[I]  Nafta Rewrite Won’t Boost U.S. Growth, Economists Say

[I]  How to Fix the Great American Growth Machine

[I]  Mortgage Rates Jump to Seven-Year High

 

BUSINESS LINE

[I]  NSE awaits SEBI approval to launch crude, copper futures

[I]  Centre to urge PSBs to ease lending to exporters

[I]  Rate hike off the table in FY19, says SBI report

[I]  PM to meet Indian, foreign oil & gas honchos today

 

ECONOMIC TIMES

[I]  Taxman is using big data to check if you cheated during note ban

[I]  Dollar firmer as fresh brexit worries weigh on sterling, euro

[I]  The yuan is Asia’s weakest currency

[I]  74 Indian companies generated €11 billion revenue in Germany: Survey

[I]  Maharashtra mills gear up to export 15 lakh tonnes of sugar by March 18

[I]  Bad loans: Is this really resolution or just another waiver? Here is Jaitley's answer

[I]  Data storage: Global companies rush to meet RBI’s deadline

[I]  PSU banks want government to set up oversight panel

[I]  India urges IMF to implement quota reforms

[I]  Multimodal logistics park policy on the anvil

 

BUSINESS STANDARD

[I]  What constitutes a market? Back to basics for CCI as its orders go awry

[I]  Insolvency and Bankruptcy Code: Firms cope with changing landscape

[I]  Realtors see massive opportunity in India's growing elderly population

[I]  IBC process: SC Limitation Act ruling will hit claims, say experts

[I]  India needs to make smooth, viable transition from coal, says IPCC report

[I]  Taking a cue from India, now Malaysia likely to implement Aadhaar model

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10469;  USDINR DGCX: 73.8650;  DJIA Mini: 25278;  FTSE 100 Fut: 6975;  NIKKEI 225 Fut: 22379;  EUR-USD: 1.1547; Crude Oil (WTI): 72.11;  Gold (Spot): 1221

 

Best Regards, ARBIND

15 Oct 2018