MACRO ECONOMIC NEWS

IF IT’S ABOUT BEING BETTER, A BETTER DAY IS TODAY. WISHING A SUPERIOR DAY AHEAD.

Macro Economic News 27 Aug 2019

 

The Indian government will receive a windfall from the Reserve Bank of India in the current financial year thanks to a much higher-than-expected dividend. President Trump sought to dial down trade tensions with China and said he was open to meeting with Iran’s president, as he struck a more conciliatory note on the final day of the Group of Seven summit. The world’s central bankers are increasingly worried that President Trump’s tactics to reorder global trade are destabilizing economies in ways that they can’t easily fix. German business confidence hits 7-year low. Singapore faces rising tide of bad debt with record bonds maturing.

 

FINANCIAL TIMES

[I]  Trump prepared to meet Iran for new nuclear deal

[I]  US government pension urged to reverse China investment

[I]  German business confidence hits 7-year low

[I]  Brazilian businesses fear backlash over Amazon crisis

[I]  US investment in China rises despite trade war

[I]  Germany and ECB should do a stimulus deal

 

REUTERS

[I]  Government gets windfall gain from RBI, raises expectation for stimulus

[I]  Hong Kong leader says escalation of violence is becoming more serious

[I]  China's July industrial profits swing to growth but outlook clouded

[I]  Japan automakers need not worry about U.S. trade talks outcome: Motegi

[I]  India could review long-term LNG contract prices: Dharmendra Pradhan

[I]  U.S. business investment appears to struggle in third quarter

[I]  Russia's Putin calls for rise in incomes, stronger economic growth

[I]  Chile finance minister announces new stimulus to kickstart sputtering economy

 

BLOOMBERG 

[I]  Hong Kong’s Richest Family Has the Most to Lose From Raging Protests

[I]  Singapore Faces Rising Tide of Bad Debt With Record Bonds Maturing

[I]  Trump Rejects New Tariffs on Japan Auto Imports ‘at This Moment’

[I]  Korean Consumers Slide Into Gloomiest Mood Since January 2017

[I]  Denmark Sticks to Economic Forecasts, Warns of Headwinds

[I]  Emerging-Market ETF Flows on Brink of Turning Negative for Year

 

WALL STREET JOURNAL

[I]  Trump Softens Tone on China, Iran at G-7 Summit

[I]  Central Bankers Worry About Trump’s Tactics to Reorder Global Trade

[I]  Latin America Hangs On to Its Economic Gloom

[I]  BOE’s Carney Says Trade War Imperils Global Growth

[I]  Powell Issues Warning Over Trade, Signals More Rate Cuts Are Possible

[I]  Price of Good Economy: More Time Stuck in Traffic

[I]  If a Recession Hits, What’s the Game Plan?

 

BUSINESS LINE

[I]  Higher depreciation rate may lift used-vehicles market

[I]  Now, EPFO employees to go on strike

[I]  Govt’s economic measures are in the right direction, says CEA K Subramanian

[I]  India’s steel consumption likely to grow by less than 6 per cent this fiscal

[I]  Higher depreciation rate may lift used-vehicles market

[I]  5% duty mooted on Malaysian palm oil imports

[I]  EPFO to launch e-inspection system to simplify process

 

ECONOMIC TIMES

[I]  Rupee crashes below 72 mark against dollar

[I]  NBFCs fail to reflect fall in G-sec yield as sector worries continue

[I]  RBI announces modalities for 2 pc interest subvention for fisheries farmers

[I]  No impact of US-China trade war on India: Krishnamurthy Subramanian

[I]  We are still the fastest growing economy in the world: CEA KV Subramanian

[I]  India's GDP to grow at 6 per cent in Apr-Jun: Survey

[I]  India’s new steps to spur economic growth seen falling short

[I]  Last date to file GST annual returns extended till November 30

 

BUSINESS STANDARD

[I]  India's leading PSUs stare at weak balance sheet and rising debt

[I]  Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer

[I]  RBI approves a record Rs 1.76 trillion surplus transfer to government

[I]  Panel to take decision within 60-days under tax amnesty scheme: CBIC

[I]  Take-home salary may rise under new Employees' Provident Fund law

[I]  Road ministry seeks GST rate cut for hybrid cars and CNG vehicles

[I]  Unemployment now in the 8-9% range

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11098;  USDINR DGCX: 72.1500;  DJIA Mini: 25590;  FTSE 100 Fut: 7077;  NIKKEI 225 Fut: 20520;  EUR-USD: 1.1104; Crude Oil (WTI): 54.03;  Gold (Spot): 1528

 

Best Regards, ARBIND
27 Aug 2019