MACRO ECONOMIC NEWS

TODAY YOU WILL EMBRACE EXCELLENT EXPERIENCE. WISHING A SUPERB DAY AHEAD.

Macro Economic News 11 Oct 2018

 

A gauge of U.S. business prices showed signs of bouncing back in September after a slowdown over the summer. President Trump repeated his frustration over higher short-term interest rates set by the Federal Reserve, but said he hadn’t spoken with Fed Chairman Jerome Powell because he wanted to stay “uninvolved” in monetary policy.

 

FINANCIAL TIMES

[I]  US small-cap stocks stutter on debt concerns

[I]  Scrapping Libor leaves $500bn of bond contracts in limbo

[I]  German coalition hit by fresh spat over diesel ban

[I]  US-Russia tensions threaten nuclear arms curbs, says Moscow

[I]  Taiwan accuses China of threatening international stability

[I]  WTO chief calls on supporters to defend trade body as attacks mount

[I]  Cameroon election dispute pushes country towards crisis

 

REUTERS

[I]  RBI sticking with plan to force payments firms to store data locally: sources

[I]  India cuts jet fuel tax to 11 percent from 14 percent 'in public interest'

[I]  World Bank launches 'human capital' rankings based on health, education

[I]  India inflation likely rose to RBI's four percent target in September

[I]  Employers under pressure to respond to surge in #MeToo allegations

[I]  Trump calls stock sell-off 'a correction,' says Federal Reserve is 'crazy'

[I]  India's September gold imports drop 14 percent on weak rupee: GFMS

[I]  No rebound for India's reeling rupee seen likely in coming year: Reuters poll

 

BLOOMBERG 

[I]  Singapore Central Bank Keeping Close Watch on Property Market

[I]  London Housing Slump Weighs Down National Property Prices

[I]  These Are the Best Countries to Live and Work in — and to Boost Your Salary

[I]  VIX Roils Markets Again With Biggest Jump Since February Rout

[I]  China's Too-Big-to-Fail Financial Companies Keep Getting Bigger

[I]  Philippine Central Bank Is Prepared to Raise Rates Again If Needed

 

WALL STREET JOURNAL

[I]  Business Prices Firmed Up in September

[I]  Emerging Markets Look to Contain Damage

[I]  When Has U.S. Unemployment Typically Been This Low? Wartime

[I]  U.S. Protectionist Stance Spooks Germany’s Economy

[I]  German Economy Is Within Reach of Key Goal

[I]  Eurozone Economic Growth Rate Falls Further Behind U.S.

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

 

BUSINESS LINE

[I]  RBI, NHB, SBI open liquidity tap to boost NBFC lending

[I]  Emission control: Banks wary of funding stressed power plants

[I]  RBI won’t say how much it cost to collect, destroy DeMo notes

[I]  Exporters urge Govt to organise fourth edition of ‘GST refund fortnight’

[I]  Competition panel notifies changes to combination rules

[I]  Draft electronics policy plans sops for rapid hardware manufacture; mulls stable tax regime

 

ECONOMIC TIMES

[I]  How government is stepping up efforts to ease liquidity

[I]  India's debt lower than best emerging market economies: IMF

[I]  Farm exports to trade-war hit China key to India cutting deficit

[I]  RBI sticking with plan to force payments firms to store data locally: Sources

[I]  Draft electronics policy aims $400 billion manufacturing ecosystem turnover by 2025

[I]  Ordinance to alter Companies Act

[I]  Direct taxes code task force to be reconstituted

[I]  No centre-state wall: Officials handling GST can assess all

 

BUSINESS STANDARD

[I]  Logistics woes drive Indian steel mills to buy iron ore overseas

[I]  Need for liquidity set to drive secondary deals in the Indian market

[I]  Plastic products to get 2-3% costlier due to rising oil price, labour costs

[I]  Missed opportunity: Exporters fail to reap benefits of a weaker rupee

[I]  Banks go slow on direct credit disbursals, NBFCs bet on securitisation

[I]  Regulatory checks help fund houses tide over credit and liquidity crises

[I]  Trillions in US net worth vulnerable to recession, says IMF report

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10233;  USDINR DGCX: 74.5925;  DJIA Mini: 25246;  FTSE 100 Fut: 7024;  NIKKEI 225 Fut: 22636;  EUR-USD: 1.1560; Crude Oil (WTI): 72.13;  Gold (Spot): 1193

 

Best Regards, ARBIND

11 Oct 2018