MACRO ECONOMIC NEWS

WE ARE GRATEFUL and MAGNANIMOUS HEARTS. WISHING A WEEK OF MAGICAL MOMENTS.

Macro Economic News 29 Jul 2019

 

For generations, the wealth of U.S. households was built on the foundation of homeownership. That is changing, and the effects are reverberating through the economy. Recent studies show that a large segment of the economy, from healthcare to durable goods, appears insensitive to the rising or falling demand. U.S. Federal Reserve Chairman Jerome Powell will have to walk a fine line to avoid roiling the stock market next week, even if the central bank delivers on expectations and lowers interest rates for the first time in more than a decade.

 

FINANCIAL TIMES

[I]  Shrinking China car market sparks fears for foreign groups

[I]  Powell prepares to launch pivotal interest rate cut

[I]  ‘Savage capitalism’ takes hold in crisis-hit Venezuela

[I]  Hong Kong official warns protests are hurting economy

[I]  EU ruling on equivalence to raise UK’s Brexit fears

[I]  Brussels must make European banking a reality

[I]  Global policy adjusts to the surprising effects of trade wars

 

REUTERS

[I]  U.S., China move trade talks to Shanghai amid deal pessimism

[I]  EU must move faster to prepare for no-deal Brexit risk: CBI

[I]  Even if Fed cut is a given, Powell seen as wild card for stock market

[I]  India cuts GST rate on electric vehicles to boost uptake

[I]  Iran says meeting with parties to nuclear deal 'constructive'

[I]  China will pursue forex reserves diversification in prudent way

[I]  U.S. economy slows in second quarter; weak business investment a red flag

 

BLOOMBERG 

[I]  Indonesia Plans Bond Sale to Residents Living Overseas

[I]  Five Things You Need to Know to Start Your Day

[I]  Oil Softens as Trump Brings Trade Tensions Back to the Fore

[I]  The Home of Ultra-Low Rates Has a Warning for the World

[I]  Consumer Boom and Producer Woes Show U.S. Economic Growth Divide

[I]  Investment in U.K. Residential Property Up 150% Despite Brexit

[I]  Indonesia Plans Bond Sale to Residents Living Overseas

[I]  Sluggish Animal Spirits Highlight India’s Struggle With Slowdown

[I]  EU to Strip Five Countries of Some Market Access Rights, FT Says

[I]  Tanzania’s Economic Growth Slows to 6.6% in First Quarter

[I]  What to Watch in U.S. Corporate Credit Markets This Week

 

WALL STREET JOURNAL

[I]  Financial Crisis Yields a Generation of Renters

[I]  A Key Reason the Fed Struggles to Hit 2% Inflation: Uncooperative Prices

[I]  Economy Week Ahead: Consumer Spending, Manufacturing, Jobs and Trade

[I]  Growth Didn’t Hit 3% Mark Last Year, Revised Data Show

[I]  Trump Takes Aim at Both China and WTO

[I]  Trump Rejected Proposal to Weaken Dollar

 

BUSINESS LINE

[I]  ‘Rupee rise, uneasy trade relations with US impact engineering exports’

[I]  Steelmakers sound alarm over rising level of duty-free imports

[I]  Centre issues new circular to deal ‘firmly’ with tax evaders

[I]  FPI outflow crosses Rs 3,700 crore in July 2019

[I]  Kharif acreage shrinks by 6.4 per cent

 

ECONOMIC TIMES

[I]  Govt plans online boost for desi products

[I]  There's a reason investors are fleeing India

[I]  Canada pension funds lead race for GIP’s Indian road assets

[I]  View: Why India needs an 'eyeglasses to all' mission

[I]  UP's role to be critical in making India $5-trillion economy: N Chandrasekaran

[I]  Cannot reject insolvency plea over claims disputed after demand notice: NCLAT

[I]  Substantive engagement with the US key to India’s $ 5 trillion economy: Hardeep Puri

 

BUSINESS STANDARD

[I]  Bill proposes that firms seek employees' written consent for overtime work

[I]  Mid-cap IT firms stumble through Q1 over client pressure, H1B visa costs

[I]  How this EV start-up is transforming the business of last-mile connectivity

[I]  Easy credit for farmer-producer organisations on cards in new policy

[I]  Govt plans to list 3-4 regional rural banks on stock exchanges this year

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 11313;  USDINR DGCX: 68.9175;  DJIA Mini: 27124;  FTSE 100 Fut: 7490;  NIKKEI 225 Fut: 21510;  EUR-USD: 1.1137; Crude Oil (WTI): 56.08;  Gold (Spot): 1423

 
Best Regards, ARBIND

29 Jul 2019