MACRO ECONOMIC NEWS

KNOWING YOURSELF IS BEGINNING OF WISDOM. REALISING SELF AS UNWISE IS BEGINNING OF MAGNIFICENCE. WISHING A WONDERFUL WEEK AHEAD.

Macro Economic News 12 Nov 2018

 

The economic outlook for consumers remained strong in early November as their income expectations rose—according to the University of Michigan consumer sentiment survey—suggesting Americans could increase their spending heading into the important holiday retail season. 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. A gauge of U.S. business prices surged in October, but the increase was likely a temporary bulge driven by companies preparing for Black Friday sales events later this month.

 

FINANCIAL TIMES

[I]  Macron rails against the rise of nationalism

[I]  China developers face $55bn of maturing onshore debt in 2019

[I]  Japanese workers employ service to quit on their behalf

[I]  Oil groups budget just 1% of spending to green projects

[I]  Alternatives to scandal-ridden Libor are slow to catch on

[I]  EU regulators monitor big tech’s financial services foray

[I]  Brazil must act fast to fix ‘unsustainable’ finances, minister warns

[I]  India’s shadow banks fear credit crunch will deepen

 

REUTERS

[I]  Saudi Arabia to ship less oil in Dec as it floats cut talks possibility

[I]  Dollar stands tall, inches closer to its 16-month high

[I]  Investors focus on retailers as wages rise

[I]  Italy seeks to cut 2019 growth forecasts to get EU budget deal: source

[I]  Europe may not be happy with Italy's budget response - Deputy PM Salvini

[I]  Iraq urges U.S. to consider its position in talks on Iran sanctions

[I]  Natural that Europe should want an army, says Russia's Putin

[I]  Global Economy: Just a growth wobble or the beginning of the end?

[I]  Energy, services fuel jump in U.S. producer prices

[I]  U.S. Fed to reconsider 'stress capital buffer' plan -official

 

BLOOMBERG 

[I]  China Says Lending Targets Shouldn't Override Due Diligence

[I]  Oil Pares Bear Market Collapse on Prospect of OPEC Curbs in 2019

[I]  Wall Street's $45 Trillion China Dream Inches Toward Reality

[I]  OPEC, Allies Move Closer to Oil Cuts as Bear Market Adds Urgency

[I]  Traders Eye Yuan Proxies as China Intervention Risks Linger

[I]  In OPEC's Heartland, Billions Are Spent to Boost Oil Capacity

[I]  Cold War Disruptions, Fed Eyes Aussies, May's Struggle: Eco Day

 

WALL STREET JOURNAL

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

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

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

[I]  Democratic Win Sets Up Clash Over Trump Tax Cuts

[I]  Democrats’ House Victory Complicates Passage of New Nafta, Trade Deals

[I]  Top U.S., China Officials Discuss Trade, North Korea, South China Sea

 

BUSINESS LINE

[I]  RBI must do more, says FinMin

[I]  In profit chase, banks have been running after unsecured loans the last three years

[I]  Only 5 of 18 I-T regions hit mop-up target: CBDT

[I]  To woo bids, Govt ups ceiling tariffs for renewables auctions

[I]  ASEAN summit: RCEP leaders to call for early conclusion of mega-trade pact

[I]  Tariff hike to improve renewables industry response

[I]  Banks to discuss rupee-rouble trade today

 

ECONOMIC TIMES

[I]  Delays land a Rs 3.39 lakh cr blow on govt

[I]  7 factors that may sway your market next week

[I]  India contracts 8 lakh tonnes of sugar exports so far

[I]  NBFCs push credit demand by 14.4% to a 5-year high

[I]  RBI vs Government: The 18 wise men tasked with supervision of the Mint Street

[I]  Surplus, liquidity issues likely to rock RBI's Nov 19 board meeting

[I]  Disinvestment department to frame guidelines for sale of enemy shares

[I]  Exports: 16 out of 30 sectors in negative zone in September

 

BUSINESS STANDARD

[I]  Corporate earnings failed to keep pace with GDP growth in the past decade

[I]  Weaker rupee, stable prices makes realty in India attractive for NRIs

[I]  Several challenges in making CRAs financially liable to investors: Experts

[I]  As LPG users rise due to PMUY, so do accidents; House panel sounds alarm

[I]  Draft report for UN: India set to meet 2 of its 3 Paris Agreement goals

[I]  When home is 'always another country'

[I]  From arbitration contract to e-market, here are the key court orders

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10603;  USDINR DGCX: 72.7525;  DJIA Mini: 26037;  FTSE 100 Fut: 7134;  NIKKEI 225 Fut: 22254;  EUR-USD: 1.1327; Crude Oil (WTI): 60.69;  Gold (Spot): 1211

 

Best Regards, ARBIND

12 Nov 2018