MACRO ECONOMIC NEWS

THIS WEEK WOULD BRING HAPPY AND JOYOUS CIRCUMSTANCES. WISHING A MEMORABLE WEEK AHEAD.

Macro Economic News 08 Oct 2018

 

With nine months down, 2018 is shaping up to be one of the stronger years of job growth since the recession. Falling U.S. government bond prices signal that investors are beginning to believe the Fed will follow through on its plan for gradual interest-rate increases. The White House is using tariffs differently with China than with other nations—and the levies between the world’s two largest economies likely will be cemented in place for years.

 

FINANCIAL TIMES

[I]  UK would be welcomed to TPP ‘with open arms’, says Abe

[I]  China cuts banks’ reserve requirement to fuel growth

[I]  Leading US companies predicted to continue strong profit growth

[I]  Trump tries to cut China out of trade deals with partners

[I]  US opens door to further funding of IMF

[I]  Strong global growth conceals emerging market fragility

[I]  Iran’s parliament votes to ratify UN anti-terror funding treaty

[I]  China renews focus on state-owned sector as US trade war builds

[I]  Forex scandal comes down to case against the ‘Cartel’

 

REUTERS

[I]  Brexiteers set limit for UK Prime Minister Theresa May's trade deal with EU: The Times

[I]  Brexit uncertainty is 'starting to bite' for UK firms: surveys

[I]  Indian government seeks to reassure markets on deregulation of fuel prices

[I]  China slashes banks' reserve requirements as trade war imperils growth

[I]  Brazilians vote in tense presidential race led by right-winger

[I]  Pakistan may go to IMF but will seek other options first: PM

 

BLOOMBERG 

[I]  China Traders Digest PBOC Cut, Last Week's Turmoil After Holiday

[I]  Global M&A Appetite Wanes Amid Geopolitical Concerns

[I]  Most U.K. Workers' Mental Health Harmed by Money Issues: Survey

[I]  U.K. Services Firms Are Doing the Least Recruiting in 25 Years

[I]  China to Set Tone for Emerging Markets Smarting From Yield Fever

[I]  China Faces a Bleaker End to 2018 as Central Bank Cuts Reserve Ratio Again

[I]  China's Investment In Australia Slumps 40% Amid Diplomatic Spat

[I]  BOE's Haldane Will Be Tasked to Fix U.K.’s Poor Productivity

[I]  Nigeria Central Bank Sees Oil Above $80, Tight Interest Rates

 

WALL STREET JOURNAL

[I]  Bond Investors Catch Up With Fed’s Plans

[I]  U.S. Tariffs on China Aren’t a Short-Term Strategy

[I]  U.S. Trade Deficit Widened in August

[I]  Investment in Infrastructure Is Booming

[I]  Canadian Job Growth Beats Estimates

[I]  Myanmar’s Economy in Peril as EU Weighs Trade Punishment

[I]  Auto Makers Consider Shifting Manufacturing to North America

 

BUSINESS LINE

[I]  Ayushman: With ceiling price not clear, insurers still unsure of claims burden

[I]  Investment environment is best in India, says Prime Minister

[I]  In 17 months since launch, UDAN has given wings to 7.5 lakh people

[I]  Uttarakhand identifies new destinations to develop tourism

[I]  Cyclone brewing over Arabian Sea; Bay depression heralds N-E monsoon

 

ECONOMIC TIMES

[I]  Fund raising via IPOs slumps 53% to Rs 12,470 crore in FY19

[I]  How bankruptcy code is helping deepen corporate bond market

[I]  Hike in MSPs in July was well below ones announced in FY 2009 & FY 2013: RBI

[I]  Growth in India firming up, projected to accelerate further, says World Bank

[I]  Panel suggests delinking special economic zones from exports

[I]  India's coal import rises 35% to 21.1 million tonnes in September

[I]  348 infra projects show cost overruns of over Rs 3 lakh crore

[I]  Law enforcement agencies favour data localisation

[I]  Skills Ministry banks on India Inc to help in apprenticeship

 

BUSINESS STANDARD

[I]  KYC norms: 1.8 million directors struck off MCA rolls, DINs deactivated

[I]  Iron ore imports zoom 190% to 6.34 mt in Apr-Aug over domestic price hikes

[I]  NBFCs face higher borrowing costs, slowing profitability, say analysts

[I]  New FPI route will appeal to long-term debt investors, says experts

[I]  Growth in India firming up, projected to accelerate further: World Bank

[I]  Automakers lose policy clout in EU as tougher emission limits loom

[I]  US, China to hold key talks on Monday to reduce trade, military tensions

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10270;  USDINR DGCX: 74.4375;  DJIA Mini: 26506;  FTSE 100 Fut: 7286;  NIKKEI 225 Fut: 23650;  EUR-USD: 1.1518; Crude Oil (WTI): 73.81;  Gold (Spot): 1197

 

Best Regards, ARBIND

08 Oct 2018