MACRO ECONOMIC NEWS

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Macro Economic News 15 Aug 2019

 

India's July WPI inflation slows to more than two-year low as economy falters. India's July trade deficit narrows to $13.43 billion. When assumptions about how the world works are shattered, a global downturn is often the result. Signs pointing to a deepening global economic slowdown—and the risk of recession—are flashing more brightly as China and Germany, the world’s second- and fourth-largest economies, post figures showing sluggishness and U.S. stocks tumble. U.S. mortgage debt reached a record in the second quarter, exceeding its 2008 peak as the financial crisis unfolded. Fears rose of a spiralling economic slowdown in Europe and Asia after two industrial powerhouses, Germany and China, reported weak data.

 

FINANCIAL TIMES

[I]  Trump retreat on some tariffs raises scant hopes

[I]  Germany under pressure to relax fiscal rules

[I]  French unemployment fall eases pressure on Macron

[I]  Italian government on the brink — what happens next?

[I]  German economy contracts as global trade slowdown takes toll

 

REUTERS

[I]  Global stocks routed, oil sinks as bond markets flash recession warning

[I]  China's new home prices firm but momentum slows in some parts

[I]  Bankruptcy filings by U.S. energy producers pick up speed: law firm analysis

[I]  India's July trade deficit narrows to $13.43 billion

[I]  India's July WPI inflation slows to more than two-year low as economy falters

[I]  India's bond rally fizzles on government spending fears

[I]  Exclusive: China curbs gold imports as trade war heats up

 

BLOOMBERG 

[I]  Bond Rally Charges On With 30-Year Treasury Yields Below 2%

[I]  China Traders Love Hong Kong's Sinking Stocks as Protests Rage

[I]  Indonesia’s Trillion-Dollar Economy Is About to Get a Reboot

[I]  Negative-Yielding Debt Hits Record $16 Trillion on Curve Fright

[I]  Hong Kong Faces New Threat as Chinese Companies Reconsider IPOs

[I]  China Home Price Growth Slowest in Five Months as Curbs Bite

[I]  RBA Warns on World, Hong Kong Fallout, Ban ‘Down Under’: Eco Day

[I]  Thailand Says Slowing Economy Dims Outlook for Minimum-Wage Hike

 

WALL STREET JOURNAL

[I]  Warning Signs Point to a Global Slowdown

[I]  As Global Order Crumbles, Risks of Recession Grow

[I]  Trump Says Fed Should Cut Rates as Growth Concerns Jar Markets

[I]  U.S. Retreat on New Tariffs Gives Beijing Breathing Room on Trade Talks

[I]  China’s Growth Struggles Mount Amid Prolonged Trade Battle

[I]  Mortgage Debt Hits Record, Eclipsing 2008 Peak

[I]  Poor Chinese and German Economic Data Fan Fears of Global Slowdown

 

BUSINESS LINE

[I]  All I-T Dept communication to have Document Identification Number

[I]  Panel favours ‘Green Channel’ for faster M&A approvals

[I]  Exports growth inches up 2.25 per cent in July

[I]  Heavy rains likely in North-West by weekend

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

 

ECONOMIC TIMES

[I]  What slowdown? Phones, white goods tell a different story

[I]  Cultural Integration Takes Lead in M&As

[I]  Pulses exporters seek sops, say this will check prices

[I]  Exports up 2.25 per cent in July; trade deficit narrows to four-month low

[I]  WPI inflation in July slips to 25-month low of 1.08 per cent on cheaper food items, fuel

[I]  Panel suggests automatic CCI approvals for deals under insolvency law

 

BUSINESS STANDARD

[I]  Jalan committee finalises report on RBI reserves; board meet on Aug 23

[I]  Exports post marginal recovery in July; trade deficit narrows to $13.43 bn

[I]  Consumption of news online is steadily growing, reveals IRS data

[I]  UK bonds signal recession as inflation bedevils Bank of England's response

[I]  Amid slowing sales, carmakers fear fee hike will further dent demand

 

Best Regards, ARBIND
15 Aug 2019