MACRO ECONOMIC NEWS

SELF-TRANSCENDENCE IS A JOURNEY TOWARDS INSIGNIFICANCE AND STUPIDITY - A SACRED REALM. WISHING AN AWESOME WEEKEND AHEAD.
 
Macro Economic News 01 Jun 2019

 

India is likely to see average monsoon rains this year which should support agricultural production and economic growth in Asia's third-biggest economy, where half of the farmland lacks irrigation. ECB President Mario Draghi will argue that the European economy is humming along, even in the face of pervasive uncertainty. Mexico's president and the top U.S. business lobbying group called on President Donald Trump to back down from a threat to impose punitive tariffs on Mexican imports, in a dispute over migration that could shock Mexico's economy. A U.S. threat to impose escalating tariffs on all imports from Mexico would hit sectors that have had little exposure 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. U.S. households spent at a slower but still solid pace in April, suggesting consumers can help extend an already decade long expansion amid signs economic momentum is easing.

 

FINANCIAL TIMES

[I]  Mexico calls for ‘prudent’ response to Trump tariff threat

[I]  ‘Green wave’ pushes environment up political agenda

[I]  Saudi Arabia calls for decisive Arab stand against Iran

[I]  US businesses count the cost of Trump’s trade war

[I]  Factory slowdown raises pressures on Beijing leadership

[I]  Economic woes signal gloomy year for Latin America

[I]  Turkish economy emerges from recession

[I]  Markets under pressure as trade war shifts gear

 

REUTERS

[I]  Indian growth rate drops behind China to lowest in more than four years

[I]  Trump to end trade privileges for India on June 5

[I]  Mexico, U.S. business groups urge Trump to back down on tariff threat

[I]  U.S. tariff threat backs Mexican president into corner, facing Trump

[I]  India likely to get average monsoon rains in 2019 - IMD

[I]  Draghi to put on brave face despite storm clouds brewing

[I]  Mexico, U.S. business groups urge Trump to back down on tariff threat

[I]  New front in trade war means Fed's dry powder may get burned

[I]  Cherry-picking through Turkey's gloom: The funds staying put while others flee

[I]  U.S. inflation perks ups; slowing economy may limit gains

[I]  Wall Street Week Ahead: Struggles of transport stocks transmit caution to market

 

BLOOMBERG 

[I]  Trump Barrels Into Uncharted Waters With Tariffs as Weapon

[I]  Recession Looms for Mexico With Trump Threatening New Tariffs

[I]  Trump's Mexico Tariffs to Weigh On U.S. Economic Growth

[I]  China Tariff Retaliation Kicks In as Trade War Ratchets Up

[I]  China-to-Mexico Factory Shift Thrown in Disarray by Trump Threat

[I]  Global Yield Curves Blare Louder Alarms About Economic Prospects

[I]  S&P 500 Is at Risk of a 10% Tumble as Trade Angst Deepens, RBC Says

[I]  Italy to Tell EU the Cost of Welfare Tools Will Fall: Ansa

[I]  Chile’s Economy Disappoints as Manufacturing Unexpectedly Drops

[I]  Canada’s Yield Curve Inverts Most in 12 Years on Trump Tariffs

[I]  S&P 500 Closes Out Second-Worst May Since 1960s

[I]  Crude Posts Worst May in Seven Years as Trade-War Anxiety Builds

 

WALL STREET JOURNAL

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

[I]  U.S. Farmers See More Trouble

[I]  U.S. Auto Makers Sweat Under Tariff Threat

[I]  U.S. Railroads Could Get Squeezed

[I]  Trump Threatens Mexico Tariffs Over Migrants

[I]  Inflation Showed Signs of Life in April

[I]  April Consumer Spending Remains Solid

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

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

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

[I]  Dallas Fed’s Gauge Showed Underlying Inflation Rose to 2% in April

 

BUSINESS LINE

[I]  New economic numbers set alarm bells ringing

[I]  India Inc seeks steps to check slowdown, liquidity crunch

[I]  Govt creating 16-lakh-tonne pulses buffer

[I]  Curbing expenditure limits fiscal deficit to the target 3.4%

[I]  Pension scheme for small shopkeepers, retail traders

[I]  Core sector growth slows to 2.6% in April

[I]  Welcome to the world of interoperability

[I]  Bankers mostly optimistic on economy: CII-IBA

 

ECONOMIC TIMES

[I]  Big bang moves on cards, Modi 2.0 set to hit the ground running

[I]  Monsoon to be below normal over north, south

[I]  India’s unemployment rate at 45-year high

[I]  First challenge for Sitharaman: Growth at 5-yr low

[I]  War-room culture celebrates violence where competition is seen as the enemy

[I]  Not enough women on board for a success story

[I]  India-China trade set to cross USD 100 billion this year: Senior Indian diplomat

[I]  US suspension of trade program with India 'a done deal', says US official

[I]  India's GDP growth slips below 6%; stands at 5.8% in Q4

 

BUSINESS STANDARD

[I]  Urban unemployment rate at 9.7% in Q3CY18, reveals NSSO report

[I]  GDP growth slips to five-year low on slowdown in investment, manufacturing

[I]  Post SC ruling, Fintechs replacing Aadhaar with innovative e-KYC processes

[I]  Job crisis for real as unemployment hits 6.1%, highest in 45 years

[I]  Retail loan growth slows down to 15.7% in April 2019 from 19% April 2018

 

Best Regards, ARBIND
01 Jun 2019