MACRO ECONOMIC NEWS

INNER PEACE IS HAPPINESS FOUND IN SERVING HUMANITY. WISHING A PROFOUND DAY AHEAD.

Macro Economic News 13 Aug 2019

 

 

India's fuel demand rose 3.3% in July, marking its biggest year-on-year percentage gain since January, compared with the previous year. Federal Reserve officials are weighing whether to use a tool known as the countercyclical capital buffer, which could reduce the risk of a credit crunch in a downturn. The U.S. budget gap widened further in July as federal spending outpaced revenue collection, bringing the deficit to $867 billion so far this fiscal year, a 27% increase from the same period a year earlier. U.S. Long-Bond Yield Nears All-Time Low as Global Anxiety Grows. Singapore slashes 2019 GDP forecast as global risks expand.

 

FINANCIAL TIMES

[I]  Hong Kong airport cancels all flights as protesters flood terminal

[I]  Workers abroad offer lifeline for Zimbabwe’s economy

[I]  ‘Our life has been made hell’: fury in Kashmir after India clampdown

[I]  Portugal faces fuel emergency threat at peak of tourist season

[I]  Guatemala poll result casts doubt on US migration deal

[I]  Korea fund cites ‘war crimes’ in Japan holdings review

[I]  US-China trade war data belie Donald Trump’s bragging

[I]  US banks hope to avoid the fate of those in Europe

 

REUTERS

[I]  Singapore slashes 2019 GDP forecast as global risks expand

[I]  Unconventional monetary policy possible but unlikely in Australia: RBA's Kent

[I]  Australia business conditions subdued in July: survey

[I]  Irish consumer sentiment slumps after hitting 'Boris bump'

[I]  India's fuel demand marks largest gain in six months

[I]  Global economic outlook darkens amid escalating trade dispute: Ifo

[I]  Column: India's crude oil imports are lacklustre, joining coal, LNG

 

BLOOMBERG 

[I]  India Never Sold Foreign Debt. Its First Attempt is Failing

[I]  Hong Kong’s New Crisis, Argentina Fears, RBI Difficulty: Eco Day

[I]  A Steady Diet of Nothing Is Making Equity Investors Irritable

[I]  Argentina's 48% Stock Rout Second-Biggest in Past 70 Years

[I]  China 10-Year Sovereign Yield Falls to 3% First Time Since 2016

[I]  Singapore Cuts Growth Outlook as Trade War Ripples Across Region

[I]  Unconventional Rate Cut Opens Pandora’s Box for India Watchers

[I]  U.S. Long-Bond Yield Nears All-Time Low as Global Anxiety Grows

 

WALL STREET JOURNAL

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

[I]  Fed Considers New Tool for a Downturn

[I]  The Federal Minimum Wage Doesn’t Really Matter Anymore

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

[I]  In Boise and Grand Rapids, the Housing Market Looks Red Hot

[I]  Economy Week Ahead: Consumer Prices, Retail Sales, Industrial Production

[I]  Real Time Economics: Pondering Negative Interest Rates in the U.S.

 

BUSINESS LINE

[I]  AIFs bat for parity in tax treatment with public market investors

[I]  CARE Rating revises outlook on 11 solar firms to negative

[I]  Rains help kick-start kharif sowing activity in Telangana

[I]  Rainfall turns surplus as Met predicts fresh 'low' in Bay of Bengal

 

ECONOMIC TIMES

[I]  India’s biggest capex at Rs 6-lakh crore

[I]  Farm exports dips 10.6% in first quarter

[I]  Ministry of Electronics and IT's e-Kiosks target 30 million farmers

[I]  China promises to address India's concern over ballooning trade deficit

[I]  View: It may take some time to come out of the prevailing economic slowdown

[I]  PM Modi to ET: Laid solid foundation for high, sustainable growth over the long run

[I]  Government looks at InvIT model to monetise power sector PSUs assets

 

BUSINESS STANDARD

[I]  Finance, commerce ministries lock horns over fiscal support for exporters

[I]  How deep discounts, impulsive buying have helped e-commerce beat slowdown

[I]  Angel tax row: Income Tax department gives a breather to start-ups

[I]  RBI unlikely to vote in favour of overseas sovereign bond in Aug 16 meet

[I]  Disincentivising cane cultivation may feature on expert committee's agenda

[I]  Vegetable prices soar in the wholesale, retail markets as flood hits supply

[I]  Carmakers eye subscription, leasing to offset dwindling dealership sales

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11131;  USDINR DGCX: 71.4175;  DJIA Mini: 25918;  FTSE 100 Fut: 7200;  NIKKEI 225 Fut: 20420;  EUR-USD: 1.1194; Crude Oil (WTI): 54.81;  Gold (Spot): 1516

 

Best Regards, ARBIND
13 Aug 2019