MACRO ECONOMIC NEWS

BE PERFECT IN YOUR IMPERFECTION. LET YOUR INNER CHILD BE ALIVE. WISHING A BREATHING DAY AHEAD.

Macro Economic News 14 Nov 2018

 

The Trump administration on Tuesday targeted Iran-backed Hezbollah with fresh terrorism-related sanctions, as the U.S. moves to keep up pressure on Tehran and its tools of foreign-policy abroad despite resistance from European allies. The U.S. has a new strategy aimed at ramping up investment in Asia to vie with Chinese President Xi Jinping’s overseas infrastructure-building spree, as Beijing grapples with setbacks to its sprawling program. The federal government started its new fiscal year much as it ended the last one—with spending up and revenues lagging behind the broader economy.

 

FINANCIAL TIMES

[I]  UK and EU hammer out draft terms of Brexit divorce

[I]  Five US tech giants spend combined $115bn on buying back stock

[I]  Yemen urged to end ‘economic war’ on its people

[I]  China censorship moves from politics to economics

[I]  May’s Brexit compromise comes with high price

[I]  Japan risks repeating some old mistakes

[I]  Zimbabwe has no choice but to embark on painful reforms

[I]  Big companies are pushing governments around

 

REUTERS

[I]  Britain agrees Brexit divorce deal with EU, May's opponents vow to thwart it

[I]  White House hit with staff upheavals - again

[I]  China industrial output, investment beat forecasts; retail sales miss expectations

[I]  China's October property investment growth hits 10-month low as economy slows

[I]  Teams 'look for skulls' in ashes of California's deadliest wildfire

[I]  Sterling and euro rise on Brexit hopes, dollar slips on profit-taking

[I]  ECB bond buying in final act as growth to bounce back - Reuters poll

[I]  Japan third-quarter GDP contracts as natural disasters, trade war hurt

 

BLOOMBERG 

[I]  China Data Shows Signs of Stabilization as Investment Picks Up

[I]  Theresa May's Brexit Deal: What We Know So Far

[I]  Democrats ‘Intent’ on Getting Hold of Trump’s Tax Returns

[I]  U.S. Holds Off on Trump’s Car Tariffs After Trade Meeting, Sources Say

[I]  Falling Oil Prices Add More Stress to the Stock Market

[I]  Curve Inversion May Lead U.S. Banks to Tighten Lending Standards

[I]  Europe Is Ground Zero for Global Credit Fears

[I]  Japan’s Economy Shrinks for Second Time in 2018 After Disasters

 

WALL STREET JOURNAL

[I]  U.S. Ramps Up Sanctions on Hezbollah as Part of Iran Pressure

[I]  U.S. Fights China for Influence in Asia, One Project at a Time

[I]  U.S., China Resume Talks to Cool Trade Tensions

[I]  Bolton Warns China Against Limiting Free Passage in South China Sea

[I]  U.S. Adopts New Battle Plan for China’s Theft of Trade Secrets

[I]  U.S. Budget Deficit Widened in October, Treasury Says

[I]  Better Family Policies Could Draw Millions of Workers Into Labor Force

[I]  Banks Left Standards for Business Lending Unchanged in Third Quarter

[I]  Small-Business Confidence Stays at Near-Record High

 

BUSINESS LINE

[I]  It’s real: Researchers develop Fake-O-Meter to tackle fake news

[I]  SEBI tightens norms for CRAs

[I]  Over 2 lakh assessees who migrated from VAT regime opt out of GST net

[I]  ‘Banks, brokerages must be incentivised to promote National Pension System’

 

ECONOMIC TIMES

[I]  Oils entering uncertain, volatile period: IEA

[I]  Dollar hits 16-month high, yen boosted by risk-off sentiment

[I]  Star-studded evening: Karan Johar set to host ET Awards

[I]  View: Government shouldn't arm-twist RBI, the two must work together

[I]  GST, infrastructure status props up warehousing realty growth

[I]  RBI needs to align capital adequacy norms with Basel III norms

 

BUSINESS STANDARD

[I]  Govt to press hard to align RBI regulations with international norms

[I]  Trai consultation paper triggers a face-off between telcos, OTT players

[I]  Govt wants RBI to ease lending norms for PCA banks in November 19 meeting

[I]  India's sale of enemy shares worth Rs 30 billion: All you need to know

[I]  MSE sentiment index dips in September quarter despite efforts from govt

[I]  Delays in top 12 corporate insolvency cases cost lenders Rs 40 billion

[I]  Delay in SC hearing on stressed private power firms' plea against RBI

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10640;  USDINR DGCX: 72.4175;  DJIA Mini: 25313;  FTSE 100 Fut: 7002;  NIKKEI 225 Fut: 21786;  EUR-USD: 1.1301; Crude Oil (WTI): 55.31;  Gold (Spot): 1203

 

Best Regards, ARBIND

14 Nov 2018