MACRO ECONOMIC NEWS

LORD IS COMING TO BLESS US WITH ABUNDANCE AND HAPPINESS ALL AROUND. WISHING A HOLISTIC WEEKEND AHEAD.

Macro Economic News 31 Aug 2019

 

President Donald Trump said, “Trade teams from China and the United States continue to talk and will meet in September, but tariff increases on Chinese goods set to go in place on Sunday will not be delayed”. U.S. households ramped up their spending in July, providing reassurance that the economy’s decade long expansion continued to roll despite slowing factory activity and global growth. U.S. household sentiment fell in August from the earlier month amid concerns over a trade war. German retail sales face biggest fall of 2019 amid economic gloom. India’s economy grew at its weakest pace since 2013 between April and June as consumer demand and government spending slowed amid global trade frictions, raising chances of the central bank cutting interest rates further at its next meeting.

 

FINANCIAL TIMES

[I]  India to merge state-owned banks as economic growth slows

[I]  German retail sales face biggest fall of 2019 amid economic gloom

[I]  India’s economic growth rate drops to slowest in six years

[I]  US consumers spend as inflation undershoots Fed target

[I]  UK banks plan transaction levy to compensate fraud victims

[I]  UK dividend payments hit historic highs

 

REUTERS

[I]  GDP growth hits 6-year low, more stimulus expected

[I]  India announces series of state-run bank mergers to strengthen lenders

[I]  China's service sector activity grows at quicker pace in August: official PMI

[I]  China's factory activity shrinks for fourth month as trade pressure mounts

[I]  IMF board to meet for informal session about Argentina -spokesperson

[I]  Argentina curbs banks' access to pesos amid growing market turmoil

[I]  U.S. and China will meet in September, Trump says, but tariff hikes remain

[I]  Trump says euro dropping 'like crazy' against dollar, blames Fed

[I]  Strong consumer spending propping up U.S. economy

 

BLOOMBERG 

[I]  Emerging Markets Are Often Bad in August, But Rarely This Bad

[I]  Trump’s New Trade War Tool Might Just Be Antique China Debt

[I]  Euro Falls to Two-Year Low Amid Trade Concerns, Trump Ire

[I]  August Chaos Has U.S. Treasury Returns Set for Post-Crisis Highs

[I]  U.S. Consumer Sentiment Falls Most Since 2012 on Trade Fears

[I]  Global Banks Prepare Their Next Moves as Johnson Steps Up Brexit Plans

[I]  U.S. Personal Spending Increased More Than Forecast in July

 

WALL STREET JOURNAL

[I]  Strength in U.S. Consumer Spending Drives Economy

[I]  Historic Asset Boom Passes by Half of Families

[I]  Inflation Picked Up in July

[I]  U.S. Consumer Sentiment Declined at End of August

[I]  Trump Says Companies, Not Trade Policies, to Blame for Business Setbacks

[I]  U.S. Growth Slows, Corporate Profits Rise

 

BUSINESS LINE

[I]  India's GDP growth down to 5% in April-June quarter

[I]  Fiscal deficit crosses 77% of annual target in July

[I]  India nudges Russia to get OPEC to price oil at reasonable rates

[I]  Onion prices continue to rule at around ₹50/kg in Delhi

[I]  8.65 per cent interest on EPF to be notified soon: Labour Minister

[I]  Met sees normal rainfall across India till Sept 11

 

ECONOMIC TIMES

[I]  What a dismal 5% GDP growth rate means for you and me

[I]  Big bank mergers: Govt turns ten PSBs into four

[I]  Forex reserve falls below $430 billion, down $1.45 billion

[I]  India’s growth slowdown set to deepen as consumers buckle

[I]  Acreage under kharif crops nears last year's level

[I]  Bilateral trade in rupee-rouble up 5-fold during Modi govt

[I]  India 9th on happiness index among 28 nations: Survey

[I]  Fiscal deficit touches Rs 5.47 lakh crore at July-end

 

BUSINESS STANDARD

[I]  Govt moves to reform bank boards: The six new rules you should know

[I]  RBI's present fund transfer grossly inadequate, says Piyush Goyal

[I]  Manufacturing growth dips to 0.6% over slackening demand, global headwinds

[I]  GDP data confirms demand slowdown; consumption expenditure at 17-qtr low

 

Best Regards, ARBIND

31 Aug 2019