MACRO ECONOMIC NEWS

BELIEVE YOU DESERVE AND THE UNIVERSE WILL SERVE. WISHING A COMMITTED WEEK AHEAD.

Macro Economic News 15 Jul 2019

 

Renowned economists tout slavery reparations and guaranteed jobs to address the racial wealth gap. Their theories on ‘stratification economics’ have helped shape the rhetoric and platforms of several presidential candidates. Mexico is slipping toward a recession even as the U.S. economy continues to grow, the first time in 25 years that the neighbors’ economic cycles have fallen sharply out of sync. China second-quarter GDP growth set to slow to 6.2%, 27-year low, as trade war bites. Australian economy stuck in sub-par growth, but to dodge recession: Reuters poll.

 

FINANCIAL TIMES

[I]  Hong Kong’s Carrie Lam offered to resign over protests

[I]  Saudi Arabia set to allow women to travel without male permission

[I]  Acting IMF chief backs monetary easing by central banks

[I]  France follows US to set up military space command

[I]  French financial regulator wants more flexible market rules

[I]  Private equity’s infrastructure focus has little social value

[I]  Running the economy hot will heal the scars

 

REUTERS

[I]  China second-quarter GDP growth set to slow to 6.2%, 27-year low, as trade war bites

[I]  Australian economy stuck in sub-par growth, but to dodge recession: Reuters poll

[I]  U.S. proposes barring big tech companies from offering financial services, digital currencies

[I]  Wall St. Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects

[I]  Wall Street Week Ahead: Union Pacific, other freight co earnings eyed for tariff effects

[I]  IMF to ship $5.4 billion to Argentina under standby loan deal

 

BLOOMBERG 

[I]  Fed Primed to Cut Rates, But Still Debating Depth: Economy Week

[I]  Central Banks Are Tossing Grenades Rather Than Firing Bazookas

[I]  China Unveils Draft Rules to Improve Conditions for Businesses

[I]  Fed Cut Depth, China’s Struggles, Central Bank Arsenals: Eco Day

[I]  Smaller London Home-Price Drop Shows Bottom Near, Rightmove Says

[I]  Beyond the Trade War, China’s Economy Is Struggling to Stabilize

[I]  China Struggles Add to Emerging-Market Risks as Rate Cuts Beckon

[I]  Dirty Energy Rides Natural Gas Surge Even as Carbon Limits Bite

 

WALL STREET JOURNAL

[I]  Two Economists Fuel Democratic Debate Over How Far Left to Go

[I]  For Decoding Labor Market, Unemployment Rate May Not Do the Job

[I]  Economy Week Ahead: China GDP; U.S. Retail Sales and Housing Starts

[I]  Mexico’s Economy Falters as U.S. Chugs Along

 

BUSINESS LINE

[I]  India reaches for the Moon, again

[I]  Financial sector is top overseas borrower: RBI

[I]  Centre ready to examine demand for CTT cut

[I]  Auto sector slump no cause for ‘pessimism’ on GDP growth, says CEA

[I]  India’s foodgrain import bill was $1.2 billion in 2018-19

[I]  Concepts and humour are the key notes

 

ECONOMIC TIMES

[I]  FPIs remain net buyers, infuse Rs 3,551 crore in July

[I]  Overseas sovereign bonds: Montek says gains far less than disadvantages

[I]  CCI calls meeting with restaurants’ body, EY to discuss ecommerce policy

[I]  Misconception to think taxman snoops on social media posts: CBDT boss

[I]  Guidelines for PSU banks to pick pooled assets of NBFCs likely this week

[I]  From paan ki dukaan to paper formalities, epithets galore for corporate governance lapses

[I]  RBI to come out with mobile app for currency notes identification

[I]  DPIIT to soon float draft national retail policy to seek stakeholders' views

 

BUSINESS STANDARD

[I]  Lenders wary of using IBC for debt resolution over creditors' parity

[I]  Sweeteners in build-operate-transfer scheme to attract foreign investors

[I]  Balance sheet of India Inc weakens; net debt-equity ratio inches up in FY19

[I]  Life insurers' new premium, led by LIC, jumps 94% to Rs 32,241 cr in June

[I]  Subsidies to regulations: Lessons India's EV market can learn from China

[I]  RBI to come up with mobile app to identify currency for visually impaired

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11553;  USDINR DGCX: 68.6350;  DJIA Mini: 27276;  FTSE 100 Fut: 7420;  NIKKEI 225 Fut: 21570;  EUR-USD: 1.1269; Crude Oil (WTI): 60.02;  Gold (Spot): 1412

 

Best Regards, ARBIND
15 Jul 2019