MACRO ECONOMIC NEWS

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Macro Economic News 01 Nov 2018

 

Americans paychecks rose in the past year at the fastest rate in more than a decade, showing a tight labor market is paying dividends for more workers. The White House said it has pledges from companies to create more than 6 million job-training opportunities, part of an initiative to address job market changes and a shortage of qualified workers. The U.S. fell two spots, dropping to eighth place, in the World Bank’s annual rankings of the world’s economies for their ease of doing business, as the American business environment was eclipsed by Norway and the Caucasus nation of Georgia.

 

FINANCIAL TIMES

[I]  Global stocks rebound after worst month since 2012

[I]  US raises pressure on Saudi Arabia with call for Yemen peace talks

[I]  Stand-off between India’s central bank and government worsens

[I]  Tax cuts cast doubt on Erdogan’s promise of fiscal discipline

[I]  China manufacturing gauge points to worsening economic slowdown

[I]  Austria toughens migration stance by rejecting UN pact

[I]  China advances in World Bank’s ease of doing business index

[I]  Fed to ease rules for smaller US banks

[I]  Cost of shipping parcels from China set to increase

 

REUTERS

[I]  RBI independence 'essential': government

[I]  U.S. doesn't want to harm friends, allies with Iran sanctions - Bolton

[I]  China to defend seven yuan per dollar rate, but may find it tough: Reuters poll

[I]  China's factory sector barely grows in October, export orders extend slump: Caixin PMI

[I]  UK, EU agree tentative Brexit deal on financial services: The Times

[I]  Bank of England to stay in "suspended animation" after Halloween meeting

[I]  Euro zone inflation rise vindicates ECB stimulus curb

[I]  China to take more steps to support economy: politburo

[I]  Iran sanctions seen keeping oil above $75, but 2019 demand outlook darkens: poll

 

BLOOMBERG 

[I]  U.K. Banks to Get EU Market Access After Brexit, Times Reports

[I]  China Signals More Stimulus Measures Planned

[I]  Equity and Quant Hedge Funds Hit Hardest by Stock Market Rout

[I]  China's 100,000 Developers Are Bracing for a Giant Shakeout

[I]  Corporate Debt Is Heading for Worst Month Since February's Rout

[I]  U.S Debt Sales Top Crisis-Era Levels as Fiscal Bump Spurs Growth

[I]  BOE Rate-Hike Plans Hamstrung by Brexit: Decision Day Guide

[I]  Home on Ireland's Most Expensive Road to Sell for 19% Discount

[I]  No Relief For Home Sellers as Australia Housing Slide Enters 2nd Year

[I]  China Property Slowdown Expected to Hurt Metals Already Hit by Trade War

 

WALL STREET JOURNAL

[I]  Workers’ Pay Rises at Fastest Rate in a Decade

[I]  White House Says Companies Pledge to Create More Job-Training Opportunities

[I]  U.S. Falls to Eighth in World’s Best Places to Do Business

[I]  Growth Hits 3%; Here’s Why It Is Not Yet Sustainable

[I]  Treasury Department to Increase Size of Debt Auctions

[I]  Private Sector Added 227,000 Jobs in October

[I]  That Big Mac and Coke Now Comes With a Side Order of Inflation

[I]  The High Cost of Rising Tariffs

[I]  Lawmaker Faults Tariff Waivers’ Fairness

[I]  Fed Proposes Looser Rules for Large U.S. Banks

 

BUSINESS LINE

[I]  FinMin calms jittery market with soothing words on RBI ‘autonomy’

[I]  India vaults 23 rungs to grab 77th spot in ‘ease of doing biz’

[I]  Core sector growth slows to 4.3% in Sept

[I]  Financial reporting authority must be strengthened to deal with challenges related to audit firms: Panel

[I]  Centre in deal with 7 thermal firms for 1,900-MW supply

[I]  A 360-degree eye wherever you want it

[I]  Italy all set to get bananas from Tamil Nadu

 

ECONOMIC TIMES

[I]  The govt has a lot to do to clean the mess in financial system

[I]  Though small, sale of digital gold on the rise

[I]  What’s in it for India in $75 billion currency swap pact with Japan

[I]  More distressed Merger & Acquisition deals in pipeline: Report

[I]  Core sector growth slows down to 4-month low of 4.3 per cent in September

[I]  Industry choice vital to benefit from India growth story

[I]  India will need USD 4.5 trillion till 2040 for infra development: Amitabh Kant

[I]  India needs to create 100 mn new job opportunities in next decade: Report

 

BUSINESS STANDARD

[I]  Once a hot favourite, mid-sized sedans grapple with shrinking sales

[I]  Companies turn to consumer durables market in their quest for growth

[I]  India is not a 'tariff king', says World Bank official on Trump's remarks

[I]  Plea seeking bad loan details not treated as 'information' under RTI: PMO

[I]  More on winning friends and influencing people

[I]  Vehicle tracking devices, emergency buttons mandatory for public transport

[I]  China factory growth lowest since 2016 on slowing domestic, external demand

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10422;  USDINR DGCX: 74.2950;  DJIA Mini: 25155;  FTSE 100 Fut: 7077;  NIKKEI 225 Fut: 21750;  EUR-USD: 1.1342; Crude Oil (WTI): 65.13;  Gold (Spot): 1217

 

Best Regards, ARBIND

01 Nov 2018