MACRO ECONOMIC NEWS

JUST A SMALL WISH; FRIDAY SHOULD NOT COME IN BETWEEN SATURDAY AND SUNDAY. WISHING AN AMUSING DAY AHEAD.

Macro Economic News 16 Aug 2019

 

India announces to invest Rs 100 lakh cr in infrastructure in coming years. Sentiment towards most Asian currencies worsened in the past two weeks, a Reuters poll showed, as a bitter tariff war between the world's two biggest economies sent investors scurrying to safer assets, raised doubts about growth and rang recession alarms. The European Central Bank will announce a package of stimulus measures at its next policy meeting in September that should overshoot investors’ expectations. US 30-year bond yield falls below 2% for first time. 'Crazy inverted yield curve' vexes Fed, with no clear resolution. Norway keeps rates on hold amid economic uncertainty. New Zealand's 10-Year Yield Slides Below 1% for First Time.

 

FINANCIAL TIMES

[I]  US 30-year bond yield falls below 2% for first time

[I]  Overseas earnings trigger Trump tussle with Central America

[I]  China vows ‘necessary countermeasures’ against new US tariffs

[I]  South Korea’s president seeks Korean unification by 2045

[I]  India faces WTO investigation over sugar subsidies

[I]  Norway keeps rates on hold amid economic uncertainty

[I]  As the Germans say, it doesn’t get shabbier than this

 

REUTERS

[I]  Not-so-golden fleece: Australian wool prices plunge amid Sino-U.S. trade war

[I]  Mexico's central bank cuts rates for first time in 5 years as economy sputters

[I]  'Crazy inverted yield curve' vexes Fed, with no clear resolution

[I]  Trump says China talks 'productive'; Beijing vows tariff retaliation

[I]  Oil gains after strong U.S. retail sales help ease recession worries

[I]  Bears prey on most Asian currencies as growth fears rage

[I]  Strong U.S. retail sales ease gloom over economy

 

BLOOMBERG 

[I]  China Loses Status as U.S.’s Top Foreign Creditor to Japan

[I]  The $3.4 Trillion Haven Where Investors ‘Hide Out for a While’

[I]  China Preps Tariff Response as Trump Sees a Xi Call ‘Very Soon’

[I]  Powell Expected to Seek Another Cut Despite Strong Spending

[I]  What the Yield Curve Says About When the Next Recession Could Happen

[I]  Banks Announced Almost 50,000 Job Cuts This Year, Led by Europe

[I]  Goldman Cuts Growth Forecasts for Asia's Four ‘Tiger’ Economies

[I]  New Zealand's 10-Year Yield Slides Below 1% for First Time

[I]  Vietnam Investors Shrug Off U.S. Trade Threat in Favor of Growth

 

WALL STREET JOURNAL

[I]  U.S. Shoppers Splurge in Face of Global Headwinds

[I]  Warning Signs Point to a Global Slowdown

[I]  Industrial Sector Struggled in July

[I]  ECB Primes Big Bazooka for September

[I]  China Renews Vow to Retaliate Against Planned U.S. Tariffs

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

[I]  Fed’s Bullard Says U.S. Economy Is Sound

 

BUSINESS LINE

[I]  India’s seafood exports to EU to be hit after Vietnam-EU free trade pact

[I]  Government to invest Rs 100 lakh cr in infrastructure

[I]  US appeals against WTO ruling favouring India in renewables case

[I]  Exports of farm produce take a beating in Q1 due to weak demand

 

ECONOMIC TIMES

[I]  UNSC to meet on Kashmir at China's behest

[I]  How the business of movies is changing

[I]  IT biggies in India are betting big on AI

[I]  Yield inversion is coming to Asia as growth uncertainties spread

[I]  Direct payment system for grain farmers of Punjab, Haryana soon

[I]  Exports Surge 2.25% in July, trade deficit narrows to $13.43 billion

[I]  North eastern states witness over 30% growth in Apr-Jul GST collection

[I]  Textile companies seek tax incentives, DBT for farmers

 

BUSINESS STANDARD

[I]  PM holds meet with Sitharaman and officials to weigh booster dose options

[I]  From auto to banking, grumble of slowdown is getting louder for India Inc

[I]  Reduction in use of chemical fertiliser needs a roadmap, say experts

[I]  Asset reconstruction companies, banks differ on cleaning up bad debts mess

[I]  NBFC-Microfinance institutions top in market share: Here're the details

[I]  Equity schemes in the red following poor show, regulatory changes

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 10939;  USDINR DGCX: 71.5275;  DJIA Mini: 25720;  FTSE 100 Fut: 7102;  NIKKEI 225 Fut: 20400;  EUR-USD: 1.1100; Crude Oil (WTI): 55.15;  Gold (Spot): 1521

 

Best Regards, ARBIND

16 Aug 2019