MACRO ECONOMIC NEWS

REBIRTH IS LIVING A RENEWED DREAM AND BEING ONE WITH IT; HAPPY BIRTHDAY. WISHING A PLAYFUL DAY AHEAD.

Macro Economic News 25 Jun 2019

 

India and the United States are closing in on an industrial security agreement that will allow the transfer of defence technology. India's annual monsoon rains have covered nearly half of the country and conditions are favourable for further advancement into the central and western parts this week. 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.

 

FINANCIAL TIMES

[I]  Trump hits Iran with new sanctions

[I]  Group of ultra-rich Americans calls for wealth tax

[I]  Zimbabwean dollar to return as use of foreign currencies abolished

[I]  Investment woes highlight Brazil’s bleak outlook

[I]  WTO warns of rising trade barriers ahead of G20 summit

[I]  US companies hunt for loopholes to beat China tariffs

 

REUTERS

[I]  India, U.S. nearing industrial security agreement for defence tech transfers

[I]  Filling Iran oil gap in India: U.S. supplies outshine Middle East crude

[I]  Global uncertainty led BOJ to clarify forward guidance: April meeting minutes

[I]  Water shortage could cut India's food exports: minister

[I]  Dollar falls with yields as more Fed talk awaited

[I]  U.S. to unveil 'economy first' approach to Mideast peace at Bahrain conference

[I]  Trump says Fed 'blew it': Twitter

 

BLOOMBERG 

[I]  Here’s Why Oil's Outlook Could Be Even Bleaker Than Expected

[I]  Fed's Kaplan Says He's ‘Concerned’ a Rate Cut May Fuel Imbalances

[I]  Iceland Poised to Cut Rates Again to Help Economy

[I]  Oil Drops Back as U.S.-Iran Tensions Simmer, G-20 Summit Looms

[I]  JPMorgan Raises Its Brazil Stocks Target, While Cutting Regional Peers

[I]  WTO Says Global Trade Restrictions at Second-Highest on Record

[I]  Gold Gains to Near Highest Since 2013 as Bulls ‘Back in Control’

 

WALL STREET JOURNAL

[I]  Trump Says Federal Reserve ‘Doesn’t Know What It Is Doing’

[I]  Dallas Fed President: Too Early to Tell Whether Rate Cut Will Be Warranted

[I]  Fed Chairman Powell to Testify Before House Committee on July 10

[I]  Trump Administration Proposes New Type of Apprenticeship

[I]  Federal Job-Training Programs ‘Largely Ineffective,’ Trump’s Advisers Find

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

 

BUSINESS LINE

[I]  At 38%, rainfall deficit in June heading towards a 7-year high

[I]  FPIs log out as IT firms struggle with strong rupee and rising costs

[I]  In the air: A solution for India’s water woes

[I]  Number of wilful defaulters has surged 60% in 5 years

[I]  E-comm rules: Clarifications likely but no change on cards

[I]  NBFC sanctions fell 31% in Q4: FIDC-CRIF

 

ECONOMIC TIMES

[I]  What insurer merger means for a policyholder

[I]  Gold monetisation scheme likely to be tweaked

[I]  Black money stashed abroad estimated at USD 216-490 bn: Studies

[I]  Tight norms, weak demand hit foreign foods' imports

[I]  GST Council to consider reducing tax on electric vehicles: Anurag Thakur

[I]  Anti-profiteering investigation: Mock purchases, premise visits planned to check B2B invoices

[I]  Data protection, Aadhaar bills listed for budget session

 

BUSINESS STANDARD

[I]  Govt may cut interest rates of small savings schemes for July-Sept quarter

[I]  Oiling an irony: India cuts fuel consumption, but filling stations rise

[I]  India's readymade garment exports stitch recovery, helped by tax break

[I]  In slow real estate market, builders woo buyers with green, smart homes

[I]  Monsoon covers half of India, to help farmers accelerate crop sowing

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11717;  USDINR DGCX: 69.3625;  DJIA Mini: 26787;  FTSE 100 Fut: 7342;  NIKKEI 225 Fut: 21160;  EUR-USD: 1.1406; Crude Oil (WTI): 57.78;  Gold (Spot): 1425

 

Best Regards, ARBIND

25 Jun 2019