MACRO ECONOMIC NEWS

OUR BODY HOLDS DEEP WISDOM TO HAVE FUN AND TRANQUIL SPIRIT. WISHING A SOOTHING DAY AHEAD.

Macro Economic News 18 Jun 2019

 

In just 8 years, India will overtake China as world’s most populous country: UN report. China's home prices growth fastest in five months, raises policy challenge. ‘Bleak’ signs for global economy, warns ECB. Eurozone wages grow at fastest pace in a decade. RBA Says Further Rate Cut ‘More Likely Than Not’ in Period Ahead. RBI chief expects reversal of economic weakness. The Federal Reserve’s so-called dot plot hasn’t existed during a period when markets expected the central bank’s next move would be to cut rates, and not to raise them. 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.

 

FINANCIAL TIMES

[I]  Iran threatens to breach nuclear deal enrichment limits

[I]  ‘Bleak’ signs for global economy, warns ECB hopeful

[I]  UK business travellers to US haunted by old offences

[I]  Eurozone wages grow at fastest pace in a decade 

[I]  US business urges Trump to end China trade war

[I]  Africa to propel world’s population towards 10bn by 2050

[I]  North Korea to hold census without UN funding support

[I]  Banks accused of overcharging small customers on forex

 

REUTERS

[I]  Brazil leader signs law allowing foreign carriers to operate domestic flights

[I]  As promised, Trump slashes aid to Central America over migrants

[I]  Kuroda says BOJ will debate rising overseas economic risks this week

[I]  China's home prices growth fastest in five months, raises policy challenge

[I]  U.S. firms say China tariffs will raise costs, see few sourcing alternatives

[I]  RBI may cut rates by another 25 bps in 2019: Fitch Ratings

[I]  Banks to include CO2 emission measures in shipping loan decisions

[I]  Summer crop sowing lags in India on slow monsoon progress

[I]  New Pakistan central bank boss dismisses free floating rupee idea

 

BLOOMBERG 

[I]  RBA Says Further Rate Cut ‘More Likely Than Not’ in Period Ahead

[I]  Hong Kong's Love of Property Not Dimmed by Massive Protests

[I]  Australia Mortgage Arrears Rise to 2010 Highs, RBA's Kearns Says

[I]  Malaysian Banks Lead Southeast Asian Peers for Board Diversity

[I]  China's Trade War Has Investors Flocking to Consumer Stocks

[I]  World's Only Deflation Outpost Gets Stuck in Property Malaise

[I]  New York Rent Rules Pose Risks for Apartment Lenders, Fitch Says

[I]  Amateur Quants Are Suddenly Everywhere in China

[I]  OPEC+ Still Can't Fix a Meeting Date After Russia-Iran Talks

 

WALL STREET JOURNAL

[I]  Fed Faces Unfamiliar Dilemma With Rate Projections

[I]  Bonds Give Reassuring Signals Amid Market Jitters

[I]  Analysis: Fed Stimulus Just Ain’t What It Used to Be

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

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

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

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

[I]  Real Time Economics: The Fed Weighs a Rate Cut and the White House Considers a Tariff Increase

 

BUSINESS LINE

[I]  In just 8 years, India will overtake China as world’s most populous country: UN report

[I]  As monsoon gets delayed, Telangana asks farmers to defer kharif sowing plans

[I]  Govt to rope in third-party aggregators to train youth in informal sector

[I]  Karnataka to unveil new IT policy with focus on investments, jobs in Tier-II cities

[I]  Banks pay the price for delay in resolution of insolvency cases

[I]  RBI chief expects reversal of economic weakness

 

ECONOMIC TIMES

[I]  India may have found a new weapon in fight against bad loans

[I]  FY19 growth in Maharashtra flat at 7.5%: Eco Survey

[I]  Work begins on collateral-free loan pledge

[I]  Only BS-6 vehicles to be available from next year

[I]  Fitch lowers India's FY20 growth forecast for a 2nd time

[I]  GSTN-like body on cards: Govt plans co to screen and rate borrowers

[I]  Rented houses for migrant labourers in metros soon

[I]  Circular economy has the potential to generate 1.4 crore jobs: Niti Aayog CEO

 

BUSINESS STANDARD

[I]  Soon, you may be able to get your car's fuel tank refilled at a supermarket

[I]  India Inc's advance tax mop-up surges 171% in Q1, Mumbai collection up 133%

[I]  Steel imports from South Korea and Japan fill up the Chinese gap

[I]  Aluminium players mope over import spate, preferential treatment to steel

[I]  Economics can support another 30,000 petrol pumps, says CRISIL report

[I]  Manufacturing, infrastructure sectors to add 58,200 jobs in Apr-Sept FY20

[I]  Govt considers selling stake in weak banks, raise funds for rural housing

[I]  Sebi to tighten norms for MF industry's loan-against-shares exposure

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11712;  USDINR DGCX: 69.9250;  DJIA Mini: 26144;  FTSE 100 Fut: 7375;  NIKKEI 225 Fut: 20970;  EUR-USD: 1.1233; Crude Oil (WTI): 51.90;  Gold (Spot): 1344

 

Best Regards, ARBIND

18 Jun 2019