MACRO ECONOMIC NEWS

ALL OF US HAVE THE ABILITY TO CREATE HAPPINESS AROUND US, ESPECIALLY WHEN FRIDAY IS MONTH’S LAST WORKING DAY. WISHING A CHEERFUL DAY AHEAD.

Macro Economic News 30 Aug 2019

 

India's economy likely expanded at its weakest pace in more than five years in April-June, as consumer demand and private investment weakened at a time global trade frictions have dampened business. The U.S. economic expansion cooled as it reached its 10th anniversary, despite strong pickups in corporate profits and consumer spending in the second quarter, with longer-run forces weighing on the outlook ahead. Chinese under 30 aren’t savers like their parents and grandparents. Russians struggle under burden of soaring consumer loans. Worst unemployment in decades strains Indian consumer loans in India.

 

FINANCIAL TIMES

[I]  Peso slides as Argentina seeks more time to pay

[I]  Russians struggle under burden of soaring consumer loans

[I]  US companies unlikely to heed Trump’s call to leave China

[I]  Johnson seeks to avert defeat by accelerating Brexit talks

[I]  Lagarde urges eurozone to reform budget rules

[I]  Mexico set to allow state group to resume private oil ventures

[I]  Central banks can no longer afford to act in isolation

 

REUTERS

[I]  India's economic growth seen slipping in April-June, more stimulus expected

[I]  Yen backpedals on hopes of easing U.S.-China trade tensions

[I]   China's factory activity seen contracting for fourth straight month

[I]  Emerging markets hit by worst outflows since Trump election: IIF

[I]  U.S. economy slowing, but consumers limiting downside

[I]  Worries mount for UK businesses and consumers as Brexit crisis builds - surveys

 

BLOOMBERG 

[I]  Mnuchin Risks Unsettling Markets With Ultra-Long Treasury Bonds

[I]  Australia Is About to Run a Surplus at Precisely the Wrong Time

[I]  Dark Days May Soon Be Over for Singapore Stocks

[I]  Trump’s New Trade War Tool Might Just Be Antique China Debt

[I]  Speculators Are Already Rushing to Buy Land Around Indonesia's New Capital

[I]  Modi's $5 Trillion GDP Goal Hits a Hurdle: Debt at Road Builder

[I]  RBA Deficit Dilemma, Hong Kong Pain, Korea Rate Guide: Eco Day

[I]  Argentine Mutual Funds Block Redemptions as Locals Rush for Exit

[I]  India’s Growth Slowdown Set to Deepen as Consumers Buckle

 

WALL STREET JOURNAL

[I]  U.S. Growth Slows, Corporate Profits Rise

[I]  Trump Defends China Stance Amid Worries About Economic Impact

[I]  U.S. Companies Say Trade War Is Hitting China Operations

[I]  Young Chinese Spend Like Americans—and Take on Worrisome Debt

[I]  China Studying Tech Companies’ Exposure to U.S. Suppliers

[I]  Trump Administration Close to Expanding Overtime Pay

 

BUSINESS LINE

[I]  India’s economic growth seen slipping in April-June: Poll

[I]  ADB willing to lend over $12 billion to India over the next three years

[I]  Railways to invite bids from cos interested in running trains

[I]  Current slowdown a cyclical downswing: RBI

[I]  Auto sector to end FY20 on a weak note despite stimulus package

[I]  Despite mild inflation, crops expected to get better prices

[I]  Back-to-back lows to keep monsoon roaring over North India

 

ECONOMIC TIMES

[I]  Privacy Bill may give ecomm data a miss

[I]  Will announce more economic boosters soon: FM

[I]  RBI gives a peek into its coffers after govt payout

[I]  Little room available for fiscal stimulus: RBI report

[I]  Post drought like conditions cause lower cane production

[I]  Kharif production to decline in 2019, post 3 years of record high production

[I]  Fruits and vegetables output records flat growth

[I]  Worst unemployment in decades strains Indian consumer loans

[I]  Govt adopting interventionist approach to revive growth

[I]  India offers a bargain to the world: Our consumers, your jobs

 

BUSINESS STANDARD

[I]  Govt's surcharge rollback fails to curb FPI selling spree, say experts

[I]  We haven't seen any slowdown in client spending: Nasscom chairman

[I]  Demand woes, downgrades keep sheen off steel industry, say analysts

[I]  New FDI norms: Key online media companies feel the pinch of 26% cap

[I]  More than 40 global brands may go online soon in India after FDI reforms

[I]  New FDI norms: Govt plans mega meet to fast-track Make in India

[I]  Q1 GDP growth likely to be weaker at 5.5%, says RBI annual report

[I]  NBFC funding to commercial sector plunges 20% in FY19: RBI annual report

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10996;  USDINR DGCX: 71.9725;  DJIA Mini: 26440;  FTSE 100 Fut: 7197;  NIKKEI 225 Fut: 20720;  EUR-USD: 1.1044; Crude Oil (WTI): 56.58;  Gold (Spot): 1526

 

Best Regards, ARBIND
30 Aug 2019