MACRO ECONOMIC NEWS

TRUST AND PRAY MAKE THE DAY. WISHING A BLISSFUL DAY AHEAD.

Macro Economic News 22 Oct 2018

 

The housing market is stumbling through its longest slump in four years, as the divergence between a booming U.S. economy and weakening home sales that many had dismissed as temporary now looks poised to continue. For most of the last two decades, the share of women participating in the U.S. labor force was in decline. Thanks to a strong economy, that long-running trend shows signs of reversing. China’s economic expansion slowed to its weakest pace since the financial crisis, as top financial regulators launched an extraordinary coordinated effort to calm jittery investors.

 

FINANCIAL TIMES

[I]  Trump to pull US out of nuclear treaty with Russia

[I]  Japan’s dying shareholders signal sombre outlook for its stocks

[I]  Yield on short-term Treasury bills tops US inflation

[I]  US fears Russia will help Iran evade oil sanctions

[I]  Thousands of migrants cross into Mexico on way to US

[I]  US and South Korea’s divergence over North puts 70-year alliance at risk

[I]  Wall Street enjoys trading bonanza from market turmoil

 

REUTERS

[I]  China spent $198 billion on shantytown redevelopment in January-September: ministry

[I]  Euro, sterling shaky as markets eye Italy budget, Brexit developments

[I]  China banking watchdog says financial risks 'fully controllable': CSJ

[I]  Global growth outlook for 2019 dims for first time: Reuters polls

[I]  Institutional investors turn their backs on Australian banks

[I]  Trump says U.S. to exit landmark nuclear arms pact, Russia threatens retaliation

[I]  RBI's monetary policy committee highlights inflation spike risk, signal rate hikes

[I]  China says must balance stable growth and risk prevention

[I]  India Markets Weekahead: Grit your teeth and bear the pain

[I]  UK firms near point of no return for Brexit contingency plans, CBI warns

[I]  Germany's Scholz wants global tax floor to stop evasion

 

BLOOMBERG 

[I]  What's Next for Saudi Arabia's Sovereign Wealth Fund

[I]  China's $195 Billion Debt Splurge Has Less Bang Than You Might Think

[I]  A Big Secret in Japan Debt Market Is Getting Harder to Keep

[I]  How Investors' Gloomy Take on Japan May Be Upended by Inflation

[I]  Even Trump Citing ‘Lies’ as Allies Doubt Shifting Saudi Story

[I]  China's Debt Splurge, Xi Vows Support, Most Toxic Air: Eco Day

[I]  Egypt May Sell First Yen, Yuan Bonds in Early 2019

 

WALL STREET JOURNAL

[I]  U.S., EU Trade Teams Seek Fast Results and Big Savings

[I]  Housing Market Is Faltering and Strong Economy Offers No Cure

[I]  U.S. Jobless Claims Dropped Last Week

[I]  Strong Economy Draws Women Into U.S. Labor Force

[I]  China Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors

[I]  Global Economy Week Ahead: Durable Goods, GDP, Consumer Sentiment

 

BUSINESS LINE

[I]  Foreign returns: US-focussed funds trump domestic equity schemes

[I]  Centre extends last date for GST filers to claim input tax credit to October 25

[I]  EPFO data: Job creation slowed in August

[I]  Banks say cutting riskweight on loans to NBFCs will support credit flow to sector

[I]  Anti-dumping duty levied on ‘flax yarn’ imports from China

 

ECONOMIC TIMES

[I]  EPFO may soon go through a big reform

[I]  Govt gives itself 5 months to clean Ganga

[I]  Euro, sterling shaky as markets eye Italy budget, Brexit developments

[I]  India sells over $15 billion US govt bonds amid rising rates and to meet local dollar demand

[I]  Woodcraft Exporters to face EU traceability norms

[I]  Sensitive data definition to be sector-specific

[I]  Tax treaties under scanner as Australia court says Tech Mahindra to be taxed

[I]  EPFO may be turned into a fund manager

[I]  Why India needs to take technology seriously

[I]  High-level panel likely to suggest UN model for cross-border insolvency cases

 

BUSINESS STANDARD

[I]  Govt puts hiking compensation for delayed, cancelled flights on back burner

[I]  Most firms claim to be equipped to deal with rising cyber attacks: Survey

[I]  No child's play: Start-ups bet big on online gaming, but no big bucks yet

[I]  Companies struggling for IGST refunds in hill states, especially J&K

[I]  Set up advance ruling appellate authority: GST Council to Delhi, 6 others

[I]  Ease of doing business: What makes Gujarat's labour reforms stand apart

 

MARKETS (11:30 am)

[I]  SGX NIFTY Fut: 10313;  USDINR DGCX: 73.3350;  DJIA Mini: 25462;  FTSE 100 Fut: 7032;  NIKKEI 225 Fut: 22633;  EUR-USD: 1.1513; Crude Oil (WTI): 69.34;  Gold (Spot): 1227

 

Best Regards, ARBIND

22 Oct 2018