MACRO ECONOMIC NEWS

LET THERE BE LIGHT. LIGHT EVERYWHERE. HAVE A LIGHT WEEK AHEAD.

Macro Economic News 05 Nov 2018

 

Large U.S. companies adjust to the trade standoff with China with price increases or changes to their supply chains, but they say the situation could deteriorate in 2019. President Trump has put Iran on notice that the punishing sanctions he plans to impose are just the opening salvo of an ambitious strategy to compel Tehran to pull back from its assertive posture in the Middle East. The U.S. imported a record amount in September, while the trade deficit with China rose to its highest level, despite Trump’s efforts to close the trade gap.

 

FINANCIAL TIMES

[I]  Italy spending plans a recipe for all Europe, says Di Maio

[I]  Emerging markets become more able to withstand a crisis

[I]  Britons living in EU urged to act to guarantee Brexit rights

[I]  Iran’s Rouhani shores up political support as US sanctions loom

[I]  Europe prepares for US Iran sanctions hit

 

REUTERS

[I]  Sri Lanka's ousted PM says U.S., Japan freeze aid

[I]  U.S., South Korea resume low-key military drills ahead of talks with North Korea

[I]  Brazil's next president declares war on 'fake news' media

[I]  China's Xi Jinping promises lower tariffs, more imports

[I]  Minority Australian government confirmed as critical by-election result announced

[I]  Britain pushes for U.N. Security Council action on Yemen crisis

[I]  NZ central bank to stand pat in final review for 2018, seen on hold near term

[I]  Kuroda says aware BOJ's easy policy hurting banks, warns of global risks

[I]  Israel announces new oil and gas exploration round in eastern Med

[I]  Cuba lowers economic growth forecast as trade continues to drop

[I]  U.S. job growth soars; annual wage gain largest since 2009

 

BLOOMBERG 

[I]  Kuroda Hints at Normalization as Economy Improves

[I]  Worst Rout in Seven Years May End for India Bonds on RBI Binge

[I]  New Zealand Banks Ordered to Scrap Incentives Tied to Sales

[I]  Hong Kong Housing May Be Headed for a Correction

[I]  Trump Risks Backlash in Zeal for Deal to End China Trade War

[I]  Reversals in the Stock Market Are Landing With Record Force

[I]  Brexit Silence Can’t Hide Hints That a Deal Is Getting Closer

[I]  Carney Says BOE Not Bluffing on No-Deal Brexit Rate Hike Warning

[I]  U.S. Manufacturing Forges Own Path Amid Global Slowdown

[I]  These U.S. Industries Hired Most – and Least – in October

[I]  Singapore Assessing 2019 Forecasts as Trade War Risks Loom

 

WALL STREET JOURNAL

[I]  Companies Face the Tariff Squeeze

[I]  Trump Digs In for a Long, Cold War With Iran

[I]  Hiring Accelerates as Wages Strengthen

[I]  U.S. Goods Imports Hit New Record

[I]  Global Economy Week Ahead

[I]  How Can the Field of Economics Diversify? Here Are Janet Yellen’s Thoughts

[I]  Impact of Looser Bank Rules Is a Mystery

[I]  Canadian Job Growth Slowed in October

 

BUSINESS LINE

[I]  India Inc’s earnings growth falters

[I]  India, Iran put systems in place to continue crude shipments

[I]  India’s refusal to sign mega trade pact this year gains support

[I]  IRDAI panel suggests excluding 17 ailments from medical cover

[I]  SUUTI-leveraged window may benefit NBFCs, HFCs

[I]  US-China trade war may drive American auto parts business the India way

 

ECONOMIC TIMES

[I]  India added 75 lakh new tax filers this year

[I]  Companies getting external hands to vet background checks for management brass

[I]  How the future of transport is eluding industry seers

[I]  Pending VAT comes to haunt companies claiming input tax credit

[I]  Finance Ministry likely to finalise second round of capital infusion in PSBs this month

[I]  India's digital journey to accelerate with stronger safeguards: UIDAI CEO

[I]  RBI starts process to set up digital Public Credit Registry for capturing all details of borrowers

 

BUSINESS STANDARD

[I]  Higher Customs revenue likely to help govt rein in its fiscal deficit

[I]  Govt may announce changes in gold monetisation scheme in next few days

[I]  Death of diesel car, especially smaller ones, may not be far ahead

[I]  Diwali spark fails to light up markets as shoppers strive to break even

[I]  Finished steel output projected to grow by 6-8% in FY19: Report

[I]  How uniform PMS reporting standards will make fund selection easier

 

MARKETS (09:15 am)

[I]  SGX NIFTY Fut: 10535;  USDINR DGCX: 73.0150;  DJIA Mini: 25172;  FTSE 100 Fut: 7069;  NIKKEI 225 Fut: 21985;  EUR-USD: 1.1287; Crude Oil (WTI): 62.71;  Gold (Spot): 1232

 

Best Regards, ARBIND

05 Nov 2018