MACRO ECONOMIC NEWS

LETS SMILE AND SPREAD THE HAPPINESS TO EVERYONE AROUND. WISHING A BLISSFUL WEEKEND AHEAD.

Macro Economic News 10 Aug 2019

 

The RBI will cut interest rates again at its October meeting, making it the fifth in a row, according to economists in a Reuters poll. Indian farmers have planted 87 million hectares with summer-sown crops so far, farm ministry data showed, down 5.3% from last year, narrowing the sowing gap as monsoon rains picked up from the previous week. India's industrial output grew 2% in June from a year earlier. U.S. President Donald Trump said that he was not ready to make a trade deal with China and raised the possibility that trade talks with China could break off again. The British economy unexpectedly contracted in the second quarter as uncertainty over the country’s planned departure from the European Union on Oct.

 

FINANCIAL TIMES

[I]  UK economy shrinks for first time in almost 7 years

[I]  Italy PM faces confidence vote as fresh elections loom

[I]  Volatile inflation data reflect Germans’ love of package holidays

[I]  Recession fears grow as Berlin digests week of poor data

[I]  Japan GDP growth beats forecasts in second quarter

[I]  French industrial production drops sharply in June

[I]  Weaker demand weighs on China producer prices

[I]  Turkey records annual current account surplus

 

REUTERS

[I]  Timeline: Key dates in the U.S.-China trade war

[I]  IMF stands by yuan view; says China could need stimulus if trade war worsens

[I]  India's summer crop planting down 5.3% from last year, gap narrows

[I]  India's June industrial output grows 2%, beats forecast

[I]  Trump says U.S., China still talking on trade but not ready for a deal

[I]  Top Indian automakers plan production cuts amid industry crisis

[I]  RBI not done with easing, to cut in October and early next year: Reuters poll

[I]  No-deal Brexit preparation is top priority, UK's Johnson tells officials

[I]  Brexit hazard warning lights: UK economy contracts for first time since 2012

[I]  Trump says U.S. economy 'handcuffed' by Fed, wants further rate cut

 

BLOOMBERG 

[I]  IMF Says China Should Keep Yuan Flexible as Trade War Widens

[I]  Trade Wars, Currency Wars and Mutually Assured Destruction

[I]  London Blackout Blamed on Drop in Wind and Natural-Gas Power

[I]  Mortgage Investors Flock to Specified Pools as Rates Drop

[I]  Venezuela’s Importing the Most Fuel Since U.S. Sanctions Started

[I]  Italian Political Turmoil Provides a Reminder of Economic Woes

[I]  Economists Still See Canada Bucking Global Rate-Cutting Trend

 

WALL STREET JOURNAL

[I]  Trump Casts Doubt on Next Round of China Talks

[I]  U.S.-China Trade Battle Is Crimping Global Oil Demand

[I]  U.K. Economy Shrinks for First Time Since 2012 as Brexit Worries Take Toll

[I]  China’s Factory-Gate Prices Slip Into Deflation

[I]  Canada Jobless Rate Increase Fuels Rate Cut Talk

[I]  Economists Upgrade U.S.-China Trade Conflict to ‘War’

[I]  Real Time Economics: College Gets Riskier, Recession Odds Climb

 

BUSINESS LINE

[I]  Why labour shortage not pinching textile mills now

[I]  Industry growth slows to 4-month low of 2 per cent in June

[I]  Automakers cut production to align with tapering market demand

[I]  Pension scheme for small and marginal farmers launched

[I]  India in US list of major illegal drug producing, transit countries

 

ECONOMIC TIMES

[I]  3 things India can do to beat the economic slowdown blues

[I]  'India needs to increase women workforce to 48%'

[I]  Forex reserve falls by $697 million to $428.95 billion

[I]  China sets Yuan fixing stronger than expected, soothes nerves

[I]  Centre starts registration for Pradhan Mantri Kisan Maan-Dhan Yojana

[I]  Government launches new GDP series to align with global method

[I]  IBC: SC upholds homebuyers’ rights as financial creditors

 

BUSINESS STANDARD

[I]  Govt may soon take a decision on tweaking FPI surcharge proposal

[I]  Public sector banks volunteer to link their lending rates to repo

[I]  Developers brace for another storm as SC gives relief to homebuyers

[I]  India's corporate profits one of the lowest among major economies

[I]  Govt must raise expenditure on infra, focus on rural income: Experts

[I]  Kharif sowing to be normal, says govt; monsoon level 1% below average

 

Best Regards, ARBIND

10 Aug 2019