MACRO ECONOMIC NEWS

WE ARE GRATEFUL FOR ALL THE ABUNDANCE LIFE SHOWERS ON US. WISHING A THANKFUL WEEKEND AHEAD.

Macro Economic News 10 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. 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]  Rome’s bet on dramatic rise in state benefits draws Brussels ire

[I]  Shift in authority over US Russia probe raises questions

[I]  UK scientists build world’s first quantum compass

[I]  UK agriculture companies beef up ahead of Brexit

[I]  Lasting peace came about through Nato and the US

 

REUTERS

[I]  India clears sale of "enemy shares" held by people who moved to Pakistan

[I]  U.S. presses China to halt militarization of South China Sea

[I]  U.S. could halt refuelling of Saudi-led coalition aircraft: officials

[I]  Investors focus on retailers as wages rise

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

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

 

BLOOMBERG 

[I]  Oil Short-Sellers Make a Comeback as OPEC Moves to Center Stage

[I]  Hedge Funds Brace for Worst After a Terrible October

[I]  China’s Central Bank Ready to Tackle ‘Profound’ Economic Changes

[I]  Almost Half of Big U.S. Banks Are Failing to Satisfy Fed Supervisors

[I]  Mexico's Next President Is Creating More Volatility Than Trump

[I]  Fed Banking Czar Quarles Boldly Goes Public: He's a Trekkie

 

WALL STREET JOURNAL

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

[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

[I]  Navarro Blasts China, Wall Street ‘Globalists’

[I]  Fed Holds Rates Steady, Signals More Rate Increases Ahead

 

BUSINESS LINE

[I]  FinMin digs in, wants RBI surplus norms defined

[I]  Passenger vehicle sales edge up in October after falling 3 months in a row

[I]  India, Colombia oppose proposed lowering of pesticide limits by EU

[I]  RBI should not give in to Centre’s pressure to part with surplus reserves: Economist

[I]  Faulty e-seals for locking containers put exporters in a tizzy

[I]  Equity funds continue to see inflows despite volatile October

[I]  Centre exhausts a third of recap funds on just 5 PSBs so far

[I]  NPA issue may be over for most banks: CARE Ratings

[I]  Bank credit grows 14.6%

 

ECONOMIC TIMES

[I]  10 out of 15 newly-listed firms trade below IPO price this fiscal

[I]  Oil prices down 20% in a month as fundamentals weaken

[I]  Gold edges down as Fed's interest rate view strengthens dollar

[I]  Reservoir levels in Gujarat, Maharashtra 13% lower than the decade's average: CWC

[I]  Paddy purchase for food security may fall 8%

[I]  Cashew exports may fall to 25-year low

[I]  Govt not seeking Rs 3.6 lakh crore from RBI: DEA Secy

 

BUSINESS STANDARD

[I]  Indian airlines look to cross China 'wall', but may land in soup over fares

[I]  Centre says not asking RBI for money, only wants it to be less risk-averse

[I]  Car sales buck falling trend, rise 1.55% at 284,000 units in October

[I]  Hypertension drug recall by USFDA shot in the arm for some drug majors

[I]  Make in Odisha 2.0: State eyes Rs 3-trn investments, woos Japanese firms

[I]  US, China resume top level talks to explore way forward on trade disputes

 

Best Regards, ARBIND

10 Nov 2018