MACRO ECONOMIC NEWS

MORE INTERESTING IS THE LANDSCAPE OF OUR FACE. WISHING A FASCINATING DAY AHEAD.

Macro Economic News 17 Jun 2019

Sometimes the Fed cuts rates as a form of insurance, because the risk of bad things happening has gone up: For parallels to questions the Fed faces, analysts point to two rate cuts from the 1990s.  With public hearings on the Trump administration’s China tariff plan set to begin, the U.S. trade representative’s office has already been flooded with letters from companies saying they have few options besides China. American shoppers ramped up their spending in May, providing critical fuel for the U.S. economy’s continued expansion despite trade tensions and slowing global growth. U.S. household sentiment fell at the beginning of June as renewed trade tensions tapered optimism and smaller gains in employment suggested slower economic growth.

 

FINANCIAL TIMES

[I]  Trump’s ‘maximum pressure’ Iran strategy stokes war fears

[I]  Saudi Arabia ups ante in war of words with Iran

[I]  Beijing’s hand behind move to suspend Hong Kong bill

[I]  Germany to back EU-wide net zero emissions target

[I]  Poor countries pay up to 30 times more for medicines

[I]  Hostile battle set to disrupt Japan’s property fund market

[I]  Europe risks no-deal Brexit by sitting on the fence

 

REUTERS

[I]  Iran to scale back nuclear deal commitments: Tasnim

[I]  Oil rises on tensions after Middle East tanker attacks

[I]  UK firms to cut investment by most in 10 years as Brexit drags on: BCC

[I]  Long-awaited London-Shanghai share listing project goes live

[I]  France plans to scrap 1 billion euros of tax breaks for companies

[I]  G20 agrees to tackle ocean plastic waste

[I]  China prepared for long trade fight with the U.S. - party journal

[I]  India aims to provide clean water to all rural houses by 2024

[I]  Canada backs startup to boost data on space debris

[I]  India to impose retaliatory tariffs on 28 U.S. goods from Sunday

[I]  Strong U.S. retail sales improve economy's fortunes

[I]  Brazil asks for WTO investigation of Indonesia on poultry trade

 

BLOOMBERG 

[I]  Japan Investors Pivot to Risk as Yield Slump Spoils 2019 Plans

[I]  Wealthy Families Are Adding Forests to Their Portfolios

[I]  Shadow Banking Crisis Raises Risk of Indian Bad-Loan Redux

[I]  Economists Think Easing Is BOJ’s Next Action

[I]  Doves' Tug-of-War With Trade Bears Heats Up in Emerging Markets

[I]  London Asking Prices Drop Further as BOE Prepares to Meet

[I]  What Analysts Are Forecasting After Russian Rate Cut

[I]  Saudi Arabia Tests Appetite for Potential Euro Bond Sale

 

WALL STREET JOURNAL

[I]  Buying American Isn’t an Option, Some U.S. Companies Say

[I]  New China Tariffs Move Closer With Public Hearings This Week

[I]  Ross Tempers Expectations of Deal at G-20

[I]  Markets Send Mixed Signals on Trade Battle

[I]  Case for Cutting Rates Can Be Found in Close Calls of the 1990s

[I]  U.S. Consumers Boost Spending Despite Trade Tensions

[I]  Economy Week Ahead: Housing Starts, Existing Home Sales

[I]  How Washington Learned to Love Debt and Deficits

[I]  U.S. Consumer Sentiment Falls in Early June, Driven by Tariff Concerns

 

BUSINESS LINE

[I]  Why the agri-trade surplus is shrinking despite India being a net exporter

[I]  Commerce Ministry eyes gains from US-China spat

[I]  High retail inflation in healthcare pinching pockets

[I]  Stressed a/cs: PSBs told to provide details of expected recoveries

[I]  High healthcare inflation a major pain point

 

ECONOMIC TIMES

[I]  Govt has a plan to streamline state-run cos

[I]  Is India's internet economy under threat?

[I]  Congress has a bigger worry than just polls

[I]  Oil is no longer the big worry in the Gulf

[I]  Delayed rains to impact sowing of pulses, soyabean

[I]  89 pc family biz in India expect to grow in next 2 years: Survey

[I]  NBFC crisis to pull down home loan growth first time in three years: Report

[I]  Central public sector enterprises to merge or list subsidiaries

[I]  FinMin assessing capital needs of PSU banks; Budget may make provision for Rs 30,000 crore

[I]  GST Council may give 1-year extension to anti-profiteering authority

 

BUSINESS STANDARD

[I]  RBI joins peers to buy gold insurance as US-China trade war escalates

[I]  Sebi likely to rejig mutual fund categorisation norms to curb credit risk

[I]  NITI Aayog CEO Amitabh Kant to meet auto CEOs on e-vehicle road map

[I]  50% residential units sold in last 6 quarters priced below Rs 50 lakh

[I]  Employees see gain if 4 state-owned insurance companies are merged

[I]  Trade war to slowdown in demand: Margin pressure on metals to continue

[I]  Rainfall deficiency hits 43%; monsoon progress likely in 2-3 days: IMD

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11835;  USDINR DGCX: 69.9750;  DJIA Mini: 26194;  FTSE 100 Fut: 7367;  NIKKEI 225 Fut: 21080;  EUR-USD: 1.1221; Crude Oil (WTI): 52.63;  Gold (Spot): 1341

 

Best Regards, ARBIND
17 Jun 2019