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

BE PERFECT IN YOUR IMPERFECTION. LET YOUR INNER CHILD BE ALIVE. WISHING A BREATHING DAY AHEAD.

Macro Economic News 14 Nov 2018

 

The Trump administration on Tuesday targeted Iran-backed Hezbollah with fresh terrorism-related sanctions, as the U.S. moves to keep up pressure on Tehran and its tools of foreign-policy abroad despite resistance from European allies. The U.S. has a new strategy aimed at ramping up investment in Asia to vie with Chinese President Xi Jinping’s overseas infrastructure-building spree, as Beijing grapples with setbacks to its sprawling program. The federal government started its new fiscal year much as it ended the last one—with spending up and revenues lagging behind the broader economy.

 

FINANCIAL TIMES

[I]  UK and EU hammer out draft terms of Brexit divorce

[I]  Five US tech giants spend combined $115bn on buying back stock

[I]  Yemen urged to end ‘economic war’ on its people

[I]  China censorship moves from politics to economics

[I]  May’s Brexit compromise comes with high price

[I]  Japan risks repeating some old mistakes

[I]  Zimbabwe has no choice but to embark on painful reforms

[I]  Big companies are pushing governments around

 

REUTERS

[I]  Britain agrees Brexit divorce deal with EU, May's opponents vow to thwart it

[I]  White House hit with staff upheavals - again

[I]  China industrial output, investment beat forecasts; retail sales miss expectations

[I]  China's October property investment growth hits 10-month low as economy slows

[I]  Teams 'look for skulls' in ashes of California's deadliest wildfire

[I]  Sterling and euro rise on Brexit hopes, dollar slips on profit-taking

[I]  ECB bond buying in final act as growth to bounce back - Reuters poll

[I]  Japan third-quarter GDP contracts as natural disasters, trade war hurt

 

BLOOMBERG 

[I]  China Data Shows Signs of Stabilization as Investment Picks Up

[I]  Theresa May's Brexit Deal: What We Know So Far

[I]  Democrats ‘Intent’ on Getting Hold of Trump’s Tax Returns

[I]  U.S. Holds Off on Trump’s Car Tariffs After Trade Meeting, Sources Say

[I]  Falling Oil Prices Add More Stress to the Stock Market

[I]  Curve Inversion May Lead U.S. Banks to Tighten Lending Standards

[I]  Europe Is Ground Zero for Global Credit Fears

[I]  Japan’s Economy Shrinks for Second Time in 2018 After Disasters

 

WALL STREET JOURNAL

[I]  U.S. Ramps Up Sanctions on Hezbollah as Part of Iran Pressure

[I]  U.S. Fights China for Influence in Asia, One Project at a Time

[I]  U.S., China Resume Talks to Cool Trade Tensions

[I]  Bolton Warns China Against Limiting Free Passage in South China Sea

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

[I]  U.S. Budget Deficit Widened in October, Treasury Says

[I]  Better Family Policies Could Draw Millions of Workers Into Labor Force

[I]  Banks Left Standards for Business Lending Unchanged in Third Quarter

[I]  Small-Business Confidence Stays at Near-Record High

 

BUSINESS LINE

[I]  It’s real: Researchers develop Fake-O-Meter to tackle fake news

[I]  SEBI tightens norms for CRAs

[I]  Over 2 lakh assessees who migrated from VAT regime opt out of GST net

[I]  ‘Banks, brokerages must be incentivised to promote National Pension System’

 

ECONOMIC TIMES

[I]  Oils entering uncertain, volatile period: IEA

[I]  Dollar hits 16-month high, yen boosted by risk-off sentiment

[I]  Star-studded evening: Karan Johar set to host ET Awards

[I]  View: Government shouldn't arm-twist RBI, the two must work together

[I]  GST, infrastructure status props up warehousing realty growth

[I]  RBI needs to align capital adequacy norms with Basel III norms

 

BUSINESS STANDARD

[I]  Govt to press hard to align RBI regulations with international norms

[I]  Trai consultation paper triggers a face-off between telcos, OTT players

[I]  Govt wants RBI to ease lending norms for PCA banks in November 19 meeting

[I]  India's sale of enemy shares worth Rs 30 billion: All you need to know

[I]  MSE sentiment index dips in September quarter despite efforts from govt

[I]  Delays in top 12 corporate insolvency cases cost lenders Rs 40 billion

[I]  Delay in SC hearing on stressed private power firms' plea against RBI

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10640;  USDINR DGCX: 72.4175;  DJIA Mini: 25313;  FTSE 100 Fut: 7002;  NIKKEI 225 Fut: 21786;  EUR-USD: 1.1301; Crude Oil (WTI): 55.31;  Gold (Spot): 1203

 

Best Regards, ARBIND

14 Nov 2018

FAITH, HOPE AND LOVE IS BEGINNING OF REALISING YOUR TRUE SELF. WISHING A LOVING DAY AHEAD.

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