MACRO ECONOMIC NEWS

PLEASURE IS BEING INVOLVED WITH COMMUNITY. WISHING AN AFFECTIONATE DAY AHEAD.

Macro Economic News 24 Jul 2019

 

India moved to overhaul decades-old labour laws aiming to make it easier for industry to meet labour standards and create more jobs. The International Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that more U.S.-China tariffs, auto tariffs or a disorderly Brexit could further slow growth, weaken investment and disrupt supply chains. IMF cuts India's GDP growth rate to 7% due to subdued domestic demand, Brazil and Mexico Growth Forecasts to Below 1%. Easy money extremes as some swiss banks pay their clients to borrow. U.S. previously owned home sales decline more than forecast.

 

FINANCIAL TIMES

[I]  Johnson wins contest to become UK’s next prime minister

[I]  No-deal Brexit poses threat to world economy, IMF warns

[I]  Germany turns to short-time work as outlook darkens

[I]  Saudi welcome for US troops reflects relations with crown prince

[I]  The irresistible rise of Europe’s Greens

[I]  Iran runs out of incentives to listen to west

 

REUTERS

[I]  Australia's bank watchdog orders Macquarie, HSBC, Rabobank to tighten funding

[I]  Cracks in home building sector rattle Australia's economy

[I]  IMF lowers growth forecasts as trade, Brexit uncertainties persist

[I]  India moves to overhaul labour laws in bid to boost job creation

 

BLOOMBERG 

[I]  IMF Cuts Global Growth Forecast Again as ‘Missteps’ Fuel Concern

[I]  Senate Bill Aims to Tame Drug Costs With Inflation Link

[I]  EU Targets $39 Billion in U.S. Goods in Case of Trump Car Duties

[I]  Mexico President's Growth Forecast Remains Unshaken by IMF Cut

[I]  U.K. Plc Urges Johnson to Soften ‘Hugely Worrying’ Brexit Stance

[I]  South Africa’s Economic Growth Prospects Keep Diving

[I]  Easy Money Extreme: Some Swiss Banks Pay Their Clients to Borrow

[I]  U.S. Previously Owned Home Sales Decline More Than Forecast

[I]  Euro-Area Consumer Confidence Rises, Supporting Domestic Demand

[I]  IMF Cuts 2019 Brazil and Mexico Growth Forecasts to Below 1%

[I]  South African Central Bank Gives, Finance Minister Takes

 

WALL STREET JOURNAL

[I]  Spending Deal Calms Worries, But Is Unlikely to Boost Growth

[I]  Home Sales Stumble, as Pricey West Coast Markets Suffer Declines

[I]  U.S., China Set to Resume Trade Talks in Shanghai Next Week

[I]  IMF Cuts Global GDP Forecast for 2019, Citing Fallout From Trade Tensions

[I]  White House and Congress Reach Deal on Spending, Debt Ceiling

 

BUSINESS LINE

[I]  Govt moves 2 Bills in Lok Sabha to overhaul existing labour laws

[I]  SEBI may moot peer reviews, end to ESOPs at rating agencies

[I]  Deadline to file I-T returns extended to August 31

[I]  India hopes to improve position in global innovation index

[I]  Strong monsoon over Central India may last for a fortnight

 

ECONOMIC TIMES

[I]  Modi govt readies plan for consolidation of rural banks

[I]  Indian sovereign bond yields to consolidate ahead of rate review: Report

[I]  Pendency of indirect tax appeal cases down 61% in 2 years: MoS Finance Anurag Thakur

[I]  Government bars committee members from criticising official stats

[I]  RBI launches medium-term strategy framework Utkarsh 2022

[I]  Code on occupational safety, Code on wages bill in Lok Sabha

 

BUSINESS STANDARD

[I]  India Inc to witness double-digit salary hike this year, says report

[I]  Minimum wage rationalisation on cards: Here're the govt's key proposals

[I]  Retail investors raise bets on penny stocks despite high investment risk

[I]  IMF cuts India's GDP growth rate to 7% due to subdued domestic demand

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11322;  USDINR DGCX: 69.1525;  DJIA Mini: 27345;  FTSE 100 Fut: 7500;  NIKKEI 225 Fut: 21670;  EUR-USD: 1.1144; Crude Oil (WTI): 56.98;  Gold (Spot): 1420

 

Best Regards, ARBIND

24 Jul 2019