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Macro Economic News 13 Nov 2018

The Trump administration is broadening its China trade battle beyond tariffs with a plan to use export controls, indictments and other tools to counter the theft of intellectual property. In the past decade, U.S. debt held by the public has risen to $15.9 trillion from $5.1 trillion, but financing all of that debt hasn’t been a problem. That’s in the process of changing. Economic data in the coming week will include U.S. retail sales data as well as indicators of business activity in Japan, China and Germany.

 

FINANCIAL TIMES

[I]  Oil use in cars set to peak within seven years

[I]  Brazil’s generals vow to stay out of politics

[I]  Brexit angst ensnares both the pound and euro 

[I]  Saudi crown prince faces attempts to rein in his powers

[I]  Trade partners attack EU plan for post-Brexit import quotas

[I]  China extends crackdown on labour protests as activism spreads

[I]  Italian banks step in to rescue struggling Carige

[I]  India’s shadow banks risk repeating crisis-era mistakes

 

REUTERS

[I]  Retail inflation drops, giving RBI a breathing space

[I]  September industrial output up 4.5 percent

[I]  Core consumer inflation at around 6.1 percent

[I]  Insight: Trade war and censors blow chill wind through China's giant tech scene

[I]  Japan central bank's total assets exceed country's GDP: data

[I]  Brexit talks are nearing their endgame, UK PM May says

[I]  UK consumer spending sags in October: Visa

[I]  U.S. says India paid bigger cotton subsidies than WTO allows

[I]  China calls for open world economy but work remains on landmark trade pact

[I]  Euro zone growth slowdown is a return to normal: ECB

 

BLOOMBERG 

[I]  Japan to Probe Debt Market's Big Secret

[I]  China's Government Has More Room to Leverage Up as Growth Slows

[I]  Robots Are Coming for Europe’s Jobs

[I]  Bank of Japan’s Hoard of Assets Is Now Bigger Than the Economy

[I]  Look Past Natural Disasters to Gauge Health of Japan's Economy

[I]  Volatility's a Friend for Asian Hedge Fund Bucking Market Trend

[I]  U.K. Small Firms Not Prepared for Big Pound Slump After Brexit

 

WALL STREET JOURNAL

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

[I]  U.S. on a Course to Spend More on Debt Than Defense

[I]  Global Economy Week Ahead: U.S. Sales, Foreign GDP Figures

[I]  Consumers Poised to Pick Up Spending Heading Into Holiday Season

[I]  U.S. Producer Prices Surged in October

[I]  U.S. Isn’t Concerned by Europe’s Plans to Enable Iran Trade

[I]  Tanker Owners Cash In on Iran Sanctions and Trade Tensions

[I]  European Finance Chiefs Prepare for Slowing Growth, Trade Uncertainty

 

BUSINESS LINE

[I]  With real-time tracking, trains to be more punctual

[I]  ... blind forwards to blame: BBC study

[I]  Retail inflation dips to 3.3% in October; industrial growth slows in September

[I]  NITI Aayog seeks more time to finalise back-series GDP data...

[I]  Modi to discuss smart cities, IT during talks with East Asia Summit partners

[I]  Banks lose Rs. 4,000 cr over insolvency resolution delay

[I]  Strength in rupee could be short-lived

 

ECONOMIC TIMES

[I]  Delay in IBC cases could bleed banks dry

[I]  How crude price fall altered CAD, rupee dynamics & RBI’s reserves

[I]  Saudi Arabia to cut oil exports amid signs of new surplus

[I]  India to begin mango imports from Malawi this week

[I]  India emerges as major seed hub in Asia: Study

[I]  US says India paid bigger cotton subsidies than WTO allows

[I]  More cheer for economy after crude respite

[I]  Niti Aayog to hold meeting with digital payments industry on KYC issue

 

BUSINESS STANDARD

[I]  Govt heeds economists' advice, defers releasing GDP back series data

[I]  Here's how govt can still meet fiscal deficit target despite GST shortfall

[I]  Privatise state-run banks: RBI tells govt loud and clear in stormy meeting

[I]  India to hit steel capacity target ahead of time; infra bottlenecks persist

[I]  Half the top listed companies employ less than 7% women

[I]  India's reliance on FII flows reduces; trend seen as positive for economy

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10455;  USDINR DGCX: 73.0250;  DJIA Mini: 25363;  FTSE 100 Fut: 7021;  NIKKEI 225 Fut: 21554;  EUR-USD: 1.1234; Crude Oil (WTI): 59.20;  Gold (Spot): 1204

 

Best Regards, ARBIND

13 Nov 2018