MACRO ECONOMIC NEWS

LIFE, DEATH AND REBIRTH ARE INEVITABLE; WE GO THROUGH IT EVERYDAY. WISHING A CELEBRATING WEEK AHEAD.

Macro Economic News 24 Jun 2019

 

Southeast Asian leaders agreed to work together on the region's economy and security to strengthen their position to face growing U.S.-China tensions. A steady rise in employment has been one of the eurozone’s big successes over the past six years of economic expansion. But there are signs the region’s job market may be cooling. Factory output is slowing in a number of key economies, darkening the outlook for the global economy and increasing the likelihood that leading central banks will respond with fresh stimulus. UK consumer spending growth in 2019 to be slowest in six years. The World Now Has $13 Trillion of Debt With Below-Zero Yields. India’s wealth disparity rose six-fold in 17 years. 84% of IMD's subdivisions record deficient rainfall; 80% reservoirs have below normal storage. Only 26 pc leaders in India fit to lead future businesses - Korn Ferry's global report on leadership.

 

FINANCIAL TIMES

[I]  US prepares to impose new sanctions on Iran

[I]  British quantum computing experts leave for Silicon Valley

[I]  EU set to pause budget crackdown on Italy

[I]  US-China trade war gives Vietnam a winning streak

[I]  White House awaits critical ruling on census question

[I]  Governments and tech can build a better internet

 

REUTERS

[I]  Iran warns of risk of conflict, Trump sees scope for deal

[I]  India's space startups ignite investor interest

[I]  Euro hits three-month high as Fed easing prospects weigh on dollar

[I]  ECB to pacify doves with a cut or easing guidance by end-September: Reuters poll

[I]  New Zealand central bank to hold steady this week but resume easing in third quarter: Reuters poll

[I]  UK consumer spending growth in 2019 to be slowest in six years: EY ITEM Club

[I]  Southeast Asian leaders emphasise economic strength in face of U.S.-China tensions

[I]  U.S. bars China supercomputer firms, institute from buying American parts

[I]  India steel ministry seeks higher duties to deter Chinese imports - document

 

BLOOMBERG 

[I]  U.K. Prime Minister Race Focus Turns to Johnson's Character

[I]  Billionaire Defies Retail Gloom With Offer for Germany's Metro

[I]  Japanification of Europe Is Here and Escape Isn't Easy, ING Says

[I]  Yield-Hungry Emerging-Market Traders Seek Cue from Trump and Xi

[I]  Farm Deluge Starts to Seep Into America's Fragile Rural Economy

[I]  China Would Fight Trade War ‘to the End,’ State Media Says

[I]  Fed Flinches and Almost Everything You Can Trade Goes Nuts

[I]  The World Now Has $13 Trillion of Debt With Below-Zero Yields

[I]  Japanification of Europe Is Here and Escape Isn't Easy, ING Says

[I]  Awash in Cash, Money Markets Are in Uncharacteristic Sweet Spot

[I]  Australia Is Finally Debating QE, Even If Its Central Bank Isn't

 

WALL STREET JOURNAL

[I]  Eurozone Job Market Cools, Putting Economic Recovery in Peril

[I]  Economy Week Ahead: New-Home Sales, Consumer Spending

[I]  Faltering Factories Cast a Dark Cloud Over Global Economy

[I]  Trump Administration Pushes to Deregulate With Less Enforcement

[I]  Five Takeaways From the June Fed Meeting

[I]  Real Time Economics: Factory Weakness Keeps Central Banks in Play

 

BUSINESS LINE

[I]  SEBI may soon allow DVR shares with superior rights

[I]  Why re-introducing inheritance tax may not be easy

[I]  IRDAI allows standalone annual ‘own damage cover’ for vehicles from Sept 1

[I]  IBA finalises new inter-creditor agreement

[I]  GST: Mechanism against profiteering to be tightened

[I]  ‘SMEs must go digital to get into the global supply chain’

 

ECONOMIC TIMES

[I]  Everyone wants a bite of space startups

[I]  World's biggest problem could soon end

[I]  The shocking stat about India Inc's leaders

[I]  India's insurers could be in for mega revamp

[I]  The unseen perils of the on-going tariff game

[I]  Investment via P-notes rises to Rs 82,619 crore till May

[I]  Agrarian crisis issue may be pushed to the fringes, fear farmers’ leaders

[I]  84% of IMD's subdivisions record deficient rainfall; 80% reservoirs have below normal storage

[I]  Cabinet approval for wage code bill likely next week

 

BUSINESS STANDARD

[I]  Automakers run into collision with Centre's electric vehicle plan

[I]  India's new wave of space technology startups catch investors' interest

[I]  Home finance firms sell mortgaged assets as liquidity crunch deepens

[I]  Statsguru: Income inequality in India's farm sector explained in six charts

[I]  States should have the power to determine minimum wages: CII

[I]  Wealth disparity rose six-fold in 17 years, says development study

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11761;  USDINR DGCX: 69.6375;  DJIA Mini: 26753;  FTSE 100 Fut: 7318;  NIKKEI 225 Fut: 21190;  EUR-USD: 1.1379; Crude Oil (WTI): 57.84;  Gold (Spot): 1406

 

Best Regards, ARBIND

24 Jun 2019