MACRO ECONOMIC NEWS

FAITH IS TO BELIEVE THAT YOU HAVE ALREADY GOT IT.. WISHING A TRUSTWORTHY WEEK AHEAD.

Macro Economic News 03 Jun 2019

 

For visa, US wants your social media details. India plays down Trump decision to remove U.S. trade privileges. Indian corporate earnings down 0.1% YoY in March quarter due to slowdown in demand. Economists caution Indian govt over fiscal stimulus, call for RBI rate cut. Japan's corporate investment rises amid global uncertainty. A U.S. threat to impose escalating tariffs on all imports from Mexico would hit sectors that have had little exposure to the Trump administration’s aggressive trade initiatives, including importers of autos, crude oil and fruits and vegetables. U.S. inflation picked up in April after a very weak start to the year, a development that could help to ease Federal Reserve officials’ recent concerns about tepid price pressures. Iran warns any clash in the Gulf would push oil above $100.

 

FINANCIAL TIMES

[I]  China decries US tariff ‘coercion’ as trade rhetoric heats up

[I]  Few options for Mexico in tariffs battle with Trump

[I]  Inflation poses headache for new ECB chief economist

[I]  US-China trade war cuts forecasts for airlines

[I]  Investors may rue demanding market value for UK utilities

[I]  Finance is risking a youth brain drain

[I]  EU needs to pick up pace on capital markets union

[I]  EU and UK could leave everything as it stands

 

REUTERS

[I]  Mexico starts talks in Washington early over U.S. tariff threat

[I]  India plays down Trump decision to remove U.S. trade privileges

[I]  China May factory activity grows at steady pace but recovery still patchy: Caixin PMI

[I]  Yen hits more than four-month high on trade-war, growth worries

[I]  Goldman lowers U.S. growth view, sees higher rate cut chances on 'trade war'

[I]  Japan's corporate investment rises amid global uncertainty

[I]  UK manufacturing growth weakens as EU customers stay away: survey

[I]  Trump tells Britain to 'walk away' if EU does not yield on Brexit

[I]  Top Trump official says tariffs on Mexico will not derail trade deal

[I]  China and U.S. clash again on trade and regional security

[I]  U.S. prepared to talk to Iran without 'pre-conditions', Iran sees 'word-play'

 

BLOOMBERG 

[I]  Morgan Stanley Sees Recession Within a Year If Trade War Gets Any Worse

[I]  Everything Is Up for Review at the Fed’s Big Policy Confab in Chicago

[I]  Libor's End Forces Global Banks to Juggle Multiple Replacements

[I]  Why the World’s Most Enduring Growth Story Is Starting to Wobble

[I]  Recession in 9 Months, Fed's Confab, Australia Wobbles: Eco Day

[I]  JPMorgan Slashes U.S. Yield Forecasts as Trade War Roils Outlook

[I]  Abu Dhabi GDP Growth to Average 2.5% Through 2022, S&P Says

[I]  The Ups and Downs of the Pound Show May’s Turbulent Leadership

[I]  Central Banks Back on Front Lines Amid Trade War Angst: Eco Week Ahead

[I]  India Investors Brace for Pain on Poor Growth, Trade Status Loss

[I]  Trump’s Tariff Pain Set to Ricochet From China to Global Economy

 

WALL STREET JOURNAL

[I]  Tariffs Would Hit Many Goods That Previously Avoided Penalties

[I]  Factories Stall on Strong Dollar, Trade Tensions

[I]  Inflation Showed Signs of Life in April

[I]  Trump’s Threat of Tariffs on Mexico Prompts Outcry

[I]  Trump’s Mexico Tariffs Could Hit Americans at Pump

[I]  Economy Week Ahead: Employment, Manufacturing

 

BUSINESS LINE

[I]  RBI seen cutting repo rate by 25 bps

[I]  Surcharge, cess come to the rescue as I-T revenues repeatedly miss target

[I]  Centre looking at ways to support sectors hurt by US’ withdrawal of duty-free exports scheme

[I]  Brokers rue delay in implementation of interoperability

[I]  Automakers eye turnaround with stable govt, normal monsoon forecast

 

ECONOMIC TIMES

[I]  China doesn't want to be 'boss of the world'

[I]  A job survey reveals India's bitter truth

[I]  For visa, US wants your social media details

[I]  Profitable exits are changing startups

[I]  GDP data, RBI policy among 8 factors that will steer market next week

[I]  Iran warns any clash in the Gulf would push oil above $100

[I]  Gems, jewellery exports dip 5.32% in 2018-19

[I]  Alternative setup for disinvestment to be reactivated

 

BUSINESS STANDARD

[I]  Corporate earnings down 0.1% YoY in March quarter due to slowdown in demand

[I]  No fiscal space: Officials advise FM Sitharaman against Budget sops

[I]  Drought-hit Karnataka prays for rain, govt looks to tap cloud seeding route

[I]  US now wants social media details of last 5 years from visa applicants

[I]  RBI policy review: Rate cut a certainty after weak GDP data, say Experts

[I]  Economists caution govt over fiscal stimulus, call for RBI rate cut

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11971;  USDINR DGCX: 69.7300;  DJIA Mini: 24680;  FTSE 100 Fut: 7120;  NIKKEI 225 Fut: 20380;  EUR-USD: 1.1189; Crude Oil (WTI): 52.96;  Gold (Spot): 1317

 

Best Regards, ARBIND

03 Jun 2019