MACRO ECONOMIC NEWS

GOING BEYOND THE REASON IS THE PATHWAY TO JOY. WISHING AN ADVENTUROUS DAY AHEAD.

Macro Economic News 15 Nov 2018

 

Inflation flared in October primarily because of increasing gasoline prices, but the rise could prove fleeting if other recent trends continue. Signs of a global slowdown are mounting, indicating a deceleration in China and trade tensions are beginning to take a toll on much of the rest of the world. International companies in the U.S. rate potential tariffs on automobile and auto-parts imports as the most damaging of the Trump administration’s trade actions, a survey found.

 

FINANCIAL TIMES

[I]  German economy contracts for first time in more than 3 years

[I]  Passive boom sees number of market indices hit 3.7m

[I]  May braced for backlash after winning ferocious Brexit battle

[I]  EU and UK to aim for post-Brexit ‘single customs territory’

[I]  China stimulus expected after weak economic data

[I]  Congressional body calls for probes into US-China ties

[I]  Nigeria dials up mobile banking revolution

[I]  An era of estrangement distracts America and Europe

 

REUTERS

[I]  Modi government, RBI set for uneasy truce: sources

[I]  Fed's Powell: U.S. 'really strong' even with housing, other risks to watch

[I]  FBI says hate crimes in U.S. spiked in 2017

[I]  Draft Brexit deal ends Britain's easy access to EU financial markets

[I]  U.S. carriers join up in East Asia for 'complex' warfare drills

[I]  Fund managers place bets in Asia's oversold assets, such as high-yield bonds

[I]  U.S. consumer inflation rises; oil prices may slow momentum

 

BLOOMBERG 

[I]  At Gala Dinner, New Zealand's Ardern Presses Pence on Free Trade

[I]  Saudi Rulers Rally Support on Home Front as U.S. Pressure Mounts

[I]  Greenspan Calls Trump Tariff Policies ‘Insane’

[I]  Australian Employment Surges on Full-Time Jobs; Currency Climbs

[I]  Powell Says Strong Economy Faces Headwinds as Fed Weighs Policy

[I]  Here’s What Funds Piled Into or Exited Last Quarter

[I]  This Is What's Killing Australia's Property Boom

[I]  Greenspan Says U.S. May Be Seeing First Signs of Inflation

[I]  A Market Guide to a Brexit Deal, If and When It Finally Happens

[I]  Powell Says Strong Economy Faces Headwinds as Fed Weighs Policy

 

WALL STREET JOURNAL

[I]  The Unintended Consequences of the ‘Free’ Internet

[I]  Inflation Jumps, but Is Likely to Slow

[I]  Heard on the Street: No Tariffs Under the Christmas Tree

[I]  Global Economy Shows Strain as U.S. Steams Ahead

[I]  Fed Tracking World Growth Worries, Powell Says

[I]  Global Companies in U.S. See Auto Tariffs as Biggest Threat: Survey

[I]  Rich Investors Eye Tax-Favored Development Funds

[I]  China Bet Its Economic Future on Consumers, and They Aren’t Spending Enough

 

BUSINESS LINE

[I]  Liquidity is the key now for FinMin

[I]  Steel, Heavy Industry, Textile Ministries still apprehensive over the RCEP pact

[I]  Is Manipur ready to face the coming wave of infra change?

[I]  Steel scrap policy: Centre to begin discussions with States

[I]  SEBI’s dilemma: 77,000 applicants for entry-level job, only one for ED

[I]  Drought seen impacting kharif pulses

 

ECONOMIC TIMES

[I]  RBI sells more dollars in forwards during September

[I]  Direct tax collections to exceed target this fiscal: CBDT chief Sushil Chandra

[I]  India, Kazakhstan eye expanding trade turnover by 5 times

[I]  No plans to grant MFN status to India: Pakistan

[I]  CII suggests measures to boost credit for MSMEs

[I]  Maternity leave: Employers may get financial support

[I]  RBI, government trying to reach common ground on some key issues

 

BUSINESS STANDARD

[I]  Modi govt's interim budget may include direct tax announcements: Sources

[I]  Modern trade, regional brands gaining momentum in India's FMCG landscape

[I]  Delhi's mega trade fair turns mini, space crunch turns away firms

[I]  Highway ministry likely to seek 25% higher budgetary allocation for 2019-20

[I]  NBFCs tap non-conventional sources, tweak business models for funds

[I]  How Sebi's stricter guidelines will impact credit rating agencies

[I]  WPI rises to 4-month high of 5.28% in October, up from 5.13% in Sept

[I]  MFs seek more disclosures from rating agencies to improve predictability

 

MARKETS (07:40 am)

[I]  SGX NIFTY Fut: 10640;  USDINR DGCX: 72.3300;  DJIA Mini: 24991;  FTSE 100 Fut: 6996;  NIKKEI 225 Fut: 21692;  EUR-USD: 1.1323; Crude Oil (WTI): 55.96;  Gold (Spot): 1209

 

Best Regards, ARBIND

15 Nov 2018