MACRO ECONOMIC NEWS

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Macro Economic News 14 Aug 2019

 

Car sales in India hit lowest in 20 yrs as slump deepens. India’s retail inflation eased marginally in July to 3.15 per cent over the previous month. U.S. consumer prices rose at a robust pace in July on the back of higher prices for energy and most other goods and services, a possible sign that inflation is finding its footing after a weak start to the year. The U.S. will delay some tariffs against China that were scheduled to take effect Sept. 1.  U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded.

 

FINANCIAL TIMES

[I]  US to delay some tariffs on Chinese goods

[I]  Argentine peso falls sharply for a second day

[I]  Hong Kong investors dump stocks amid protests

[I]  Americans’ view of China sours as trade war rages

[I]  US consumer price inflation up 1.8 per cent in July

[I]  Germany confronts growing risk of economic slowdown

[I]  Investors smell an opportunity in ripe waste market

[I]  Indian car sales fall 31% as sector faces prolonged decline

 

REUTERS

[I]  China's property investment slows in July as Beijing tightens curbs

[I]  Australia wage growth stays tepid, bolster low for longer rate view

[I]  Australian consumer sentiment rebounds in August: survey

[I]  India July retail inflation stays low enough to allow a fifth rate cut

[I]  Explainer: Countdown to recession - What an inverted yield curve means

[I]  Explainer: How does negative rate policy work?

 

BLOOMBERG 

[I]  Trump Bows to Economic Fears in Move to Delay China Tariffs

[I]  Hong Kong Protests Sink Sentiment at Smaller Businesses

[I]  Fragile U.S. Rates Market Braces for Volatility From Everywhere

[I]  China Industrial Output Weakens to 17-Year Low as Economy Slows

[I]  Argentina Utility Stocks Face Gloomy Outlook as Downgrades Mount

 

WALL STREET JOURNAL

[I]  Inflation Picked Up in July

[I]  U.S. Retreats on Chinese Tariff Threats, Stocks Soar

[I]  Mortgage Debt Hits Record, Eclipsing 2008 Peak

[I]  U.S. Budget Gap Widens 27% in First 10 Months of Fiscal Year

[I]  Fed Considers New Tool for a Downturn

[I]  10% Tariffs Were Manageable. At 25%, Businesses Are Squirming.

[I]  Real Time Economics: New Tariffs to Have Bigger Impact on Women

 

BUSINESS LINE

[I]  Auto industry pleads for urgent sops as sales see steepest fall in 19 years

[I]  FinMin kickstarts credit-support plan for NBFCs

[I]  Retail inflation at sub-4% for 12th month in a row

[I]  Retail inflation eases marginally to 3.15% in July

[I]  Make CSR spend tax-deductible, recommends panel

[I]  Passenger vehicles sales sink for ninth month in July

[I]  Bay to remain active, but rains may head North, East

 

ECONOMIC TIMES

[I]  India's slowdown-hit economy may soon get a booster shot

[I]  Govt is all set to open liquidity tap for NBFCs

[I]  Car sales lowest in 20 yrs as slump deepens

[I]  Rupee hits 6-month low of 71.40 against dollar, dives 62 paise

[I]  Yen near 7-month high vs dollar; Hong Kong, Argentina woes fuel risk aversion

[I]  India, Russia to boost ties to achieve $30 billion bilateral trade by 2025

[I]  CPI inflation marginally eases to 3.15% in July

[I]  Centre working on stimulus package to check economic slowdown

[I]  Govt won’t go ahead with new CSR rules

 

BUSINESS STANDARD

[I]  'Rock bottom': Passenger vehicle sales plunge 31%, steepest in two decades

[I]  No jail, CSR non-compliance should be a civil offence: Govt-appointed panel

[I]  Life insurers' clock 44% growth in premium collection for Q1FY20

[I]  It will take 1-2 years to come out of economic slowdown: Bimal Jalan

[I]  63% banks report decline in NPA in infra sector in six months: Ficci-IBA

[I]  Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 10924;  USDINR DGCX: 71.0275;  DJIA Mini: 26265;  FTSE 100 Fut: 7222;  NIKKEI 225 Fut: 20580;  EUR-USD: 1.1171; Crude Oil (WTI): 56.42;  Gold (Spot): 1502

 

Best Regards, ARBIND
14 Aug 2019