MACRO ECONOMIC NEWS

THIS WEEK WILL WALK YOU BEYOND YOUR LIMITATIONS. WISHING A FULFILLING TIME AHEAD.

Macro Economic News 01 Oct 2018

 

The U.S. and Canada reached a dramatic, last-minute deal revising the North American Free Trade Agreement, lifting a cloud of uncertainty over the quarter-century-old continental commercial bloc. 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]  Paris set to triumph as Europe’s post-Brexit trading hub

[I]  Trump’s trade wars fill US food banks to overflowing

[I]  Japanese banks to offer instant money transfers using blockchain

[I]  Finance minister insists Italy will reduce public debt

[I]  US and Canada seek trade deal as deadline looms

[I]  Indonesia tsunami relief efforts hit by infrastructure problems

[I]  Demand for MBAs falls for the first time

[I]  China seeks global role for elite counter-terrorism forces

 

REUTERS

[I]  Brent crude oil hits four-year high ahead of Iran sanctions

[I]  RBI to boost liquidity conditions via bond purchases in October

[I]  Canada, U.S. reach deal to update NAFTA - Canadian sources

[I]  Natural disasters, trade woes sap Japan Inc's business confidence: tankan

[I]  China cancels security talks with United States

[I]  Fearing debt, Pakistan rethinks Chinese 'Silk Road' projects

[I]  India's 2018 monsoon rainfall below average and forecast

[I]  China factory sector hurt in September as trade frictions bite

[I]  Analysis: India's shadow banking sector likely to face shake-up after default

 

BLOOMBERG 

[I]  Trade War Hits Chinese Factories

[I]  Singapore Home Prices Rise Even After Additional Curbs

[I]  Australia's Property Downturn Chalks Up One-Year Anniversary

[I]  How Much Oil Can Saudi Arabia Really Pump? We’re About to Find Out

[I]  Trillion-Dollar Deficit? Whatever, Says New Consensus

[I]  Oil Is One More Headache For Emerging Asia's Tightening Plans

[I]  Rising Rates No Problem for Philippine Property-Stock Traders

 

WALL STREET JOURNAL

[I]  U.S., Canada Reach Nafta Deal

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

[I]  Consumers Drive the Economy, Stock Market Higher

[I]  Labor Market Opens Up for Part-Time Workers

[I]  Consumers Pulled Back Slightly on Spending in August

[I]  Lower-Income Americans Drive Up Consumer Sentiment in September

[I]  Eurozone Inflation Accelerates Further Beyond ECB’s Target

[I]  Core Inflation Remained Near Fed’s Target in August

[I]  BOJ Sees Growing Downside Risks

 

BUSINESS LINE

[I]  Overseas travel spend outstrips investments in equity, debt abroad

[I]  India eyes rupee-route, barter for Venezuelan crude

[I]  Weak rupee may prompt RBI to raise repo rate

[I]  Non-food credit up 12% in Aug: RBI

 

ECONOMIC TIMES

[I]  SBI halves daily ATM cash limit to Rs 20,000

[I]  How not to go overboard with investments

[I]  Killer Indian roads claim lives of 56 pedestrians daily

[I]  Plantation sector in deep crisis: Upasi

[I]  Fraud cases under IBC cross Rs 40,000 crore

[I]  India wants to have trade deal with US: Trump

[I]  Companies may have to show ledgers for claiming GST credit of over Rs 25 lakh

[I]  Government sets up Competition Law Review Committee

[I]  Govt mulls stricter disclosure norms for independent directors

 

BUSINESS STANDARD

[I]  India may face shortage of drugs as supplies from Chinese companies dry up

[I]  Eastern zone emerges fastest-growing market for auto firms; PV sales up 17%

[I]  Challenging times for mobile handset makers as falling rupee gives jitters

[I]  State OMCs hike jet fuel price by 7.2% due to rupee depreciation

[I]  Insolvency process: Sterling group firms offer steep haircuts to lenders

[I]  SC verdict on Aadhaar may lead to overhaul of identity law, say experts

[I]  Oil at $100 to do more harm than good to global growth; India among losers

[I]  Indo-French nuclear deal: 10 yrs after inking, project still a non-starter

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 10910;  USDINR DGCX: 72.8600;  DJIA Mini: 26653;  FTSE 100 Fut: 7477;  NIKKEI 225 Fut: 24279;  EUR-USD: 1.1595; Crude Oil (WTI): 73.56;  Gold (Spot): 1189

 

Best Regards, ARBIND

01 Oct 2018