MACRO ECONOMIC NEWS

TODAY DAY WOULD BRING HAPPINESS ALL AROUND. HAVE A WONDERFUL DAY AHEAD.

Macro Economic News 05 Oct 2018

 

The number of Americans filing applications for new unemployment benefits fell, indicating Hurricane Florence likely had a fairly modest impact on the labor market. The Trump administration aims to step up trade talks with other countries, using its new pact with Canada and Mexico as a template for redefining rules on everything from foreign exchange and labor markets to how U.S. partners do business with China.

 

FINANCIAL TIMES

[I]  Global bond sell-off drags down stocks

[I]  Oil price rise puts Asian economies under pressure

[I]  Nomura looks to Paris as post-Brexit EU lending hub

[I]  Oil industry snubs EU effort to defy Trump sanctions on Iran 

[I]  Tusk hits back at Hunt over comparisons of EU with Soviet Union

[I]  Higher eurozone wages offer relief to Mario Draghi

[I]  US accuses former HK official of breaking Iran sanctions

[I]  IMF’s Christine Lagarde calls for revamp of Japan’s Abenomics

 

REUTERS

[I]  Slackening demand drags India services activity to four-month low in Sept

[I]  Rising U.S. bond yields hit global markets, Asian stocks fragile

[I]  Japan household spending posts biggest rise in three years, signals steady recovery

[I]  Strong quake hits Japan's northern island, no tsunami danger

[I]  Oil prices rise ahead of November U.S. sanctions against Iran crude exports

[I]  RBI seen raising rates again as rupee slide accelerates

[I]  Fed survey points to tighter borrowing terms if yield curve inverts

 

BLOOMBERG 

[I]  Oil Poised for Fourth Weekly Gain as Global Supply Concerns Rise

[I]  U.K. Starting Salaries Pick Up as Companies See Worker Shortage

[I]  Trump Report Warns Military at Risk as Industry Relies on China

[I]  An Early Warning Sign for the World's Priciest Homes Is Flashing Sell

[I]  Inflation Is the Missing Piece From Treasury Yields, Fed Liftoff

[I]  Hong Kong's Economy Gets Stuck Between U.S.-China Trade War

[I]  India Funds Are Betting on an Interest-Rate Rise

[I]  American Debt Pile, Italy's China Pivot, RBNZ's Emails: Eco Day

[I]  U.S. Government Interest Payments Just Exceeded Belgium's Output

 

WALL STREET JOURNAL

[I]  Jobless Claims Resilient in Face of Storm

[I]  Trump Aims to Model New Trade Deals on Revised Nafta

[I]  Kudlow Says Trump Not Trying to Exert Pressure on Fed

[I]  Fed Chair Powell Sees ‘Remarkably Positive Set of Economic Circumstances’

[I]  Services-Sector Activity Hits Record High. Thank Tariffs, Local Governments

[I]  Nafta Rewrite Eases Threat of Auto Tariffs on Economy

[I]  Economists Think the Next U.S. Recession Could Begin in 2020

[I]  Powerful Forces Seen Restraining U.S. Pay Growth

 

BUSINESS LINE

[I]  Gross direct tax collection grows 16.7% to Rs. 5.47 lakh crore in April-September

[I]  India, Russia to sign economic agreements, discuss rupee-rouble payment mechanism

[I]  To cut imports, Ministries to come up with sectoral plans to increase production

[I]  Call for building awareness, understanding of proposed Data Protection law

[I]  Govt notifies 10% LTCG tax on IPO/FPO gains

[I]  Heavy rain over South Peninsula to peak on Sunday, says Met Dept

 

ECONOMIC TIMES

[I]  CAD worries due to rising crude add to rupee’s woes

[I]  RBI moves to stabilise rupee, allows oil companies to raise up to $10 billion overseas

[I]  Several Indian companies debarred by World Bank in 2018

[I]  Australia questions India’s sugar subsidy bilaterally and at WTO

[I]  Deficient rains to hurt India's 2019-20 sugar production

[I]  The good, the not-so-good and the ugly in govt’s oil tax cut

 

BUSINESS STANDARD

[I]  Promoter-led firms grew faster than professionally-led ones since 2013

[I]  Airlines may report operating losses in FY19 despite a rise in fares

[I]  Fuel price cut: Combined market capitalisation of OMCs sees 10% wipeout

[I]  Private firms can use Aadhaar-based offline verification, says UIDAI CEO

[I]  Indian employees may see a 10% salary hike in 2019, highest in Asia Pacific

[I]  Ahead of monetary policy, RBI steps in with heavy dollar intervention

[I]  Markets stare at worst-ever FPI sell-off in 2018: All you need to know

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10553;  USDINR DGCX: 74.0575;  DJIA Mini: 26677;  FTSE 100 Fut: 7401;  NIKKEI 225 Fut: 23785;  EUR-USD: 1.1507; Crude Oil (WTI): 74.81;  Gold (Spot): 1191

 

Best Regards, ARBIND

05 Oct 2018