MACRO ECONOMIC NEWS

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Macro Economic News 12 Aug 2019

 

The Indian government is working on a set of measures to remove friction points in the economy with a view to ensuring easy availability of funds to productive sectors and stimulate overall growth. The British economy unexpectedly contracted in the second quarter as uncertainty over the country’s planned departure from the European Union on Oct. 31 took its toll on business confidence. President Trump raised the possibility that trade talks with China could break off again, causing stocks to fall. A key market barometer of the risk of future recessions is sounding its loudest warning since April 2007, months before the start of the last financial crisis. Investors and analysts are debating how to interpret the signal.

 

FINANCIAL TIMES

[I]  Investment bank job cuts near 30,000 as outlook sours

[I]  China’s economy caught in trade dispute crossfire

[I]  Germany debates whether to loosen purse strings

[I]  India one step closer to creating national gold exchange

[I]  Threats to European integration are mounting

[I]  Shrinking UK economy is a Brexit warning

 

REUTERS

[I]  Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession

[I]  Fed remains a target as economy falls short of Trump's ambitious goals

[I]  Lack of G7, IMF support seen dimming impact of U.S. move on China's yuan

[I]  India's fuel demand rose 3.3% in July

[I]  Automakers warm up to friendly hackers at cybersecurity conference

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

 

BLOOMBERG 

[I]  The Dollar Looks Like a Wrecking Ball to Some Investors

[I]  China Is Saving Stimulus for Trade War Winter as Yuan Weakens

[I]  Economy at Riskiest Point in a Decade, Lawrence Summers Says

[I]  Power-Hungry Phone Companies Dial Into Surging Green Bond Market

[I]  Clues for Brexit Future May Be Found on Islands Far, Far Away

[I]  Germany to Reveal Size of Recession Risk: Global Economy Week

[I]  Australian Dollar Bears Look to Jobs Data to Lock In Rate Cut

[I]  A Green Economy Grows in Denmark

 

WALL STREET JOURNAL

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

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

[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]  The Turn in the Yield Curve

 

BUSINESS LINE

[I]  Govt likely to announce steps to remove friction points in economy to boost growth

[I]  Govt likely to permit 100 per cent FDI in contract manufacturing

[I]  Average spot power price likely to be ₹ 3.40 per unit in August

[I]  Transporters put on hold buying new trucks; say biz environment unviable

[I]  Maharashtra’s irony: Battling floods in one place, cloud seeding at another

[I]  Heavy rains push plantations in Kerala deeper into trouble

 

ECONOMIC TIMES

[I]  China is saving stimulus for trade war winter as yuan weakens

[I]  Sebi to relax norms to allow smart cities to issue muni bonds

[I]  FPIs remain in selloff mode, pull out Rs 9,197 crore in Aug

[I]  India for ‘made in’ tag on all imported items

[I]  Indian economy: Four horsemen of revival

[I]  Hiking income tax appeal limit to reduce litigation, help govt focus on high-value cases: Experts

[I]  Government likely to announce steps to remove friction points in economy to boost growth

[I]  Govt may permit 100% FDI in contract manufacturing: Sources

 

BUSINESS STANDARD

[I]  Banks, national distributors skip mutual funds for insurance, PMS

[I]  15th Finance Commission likely to cut devolution to states marginally

[I]  From auto to watches, superluxury manufacturers feel the pinch of slowdown

[I]  Consumption-investment cycle needs to improve, say FMCG CEOs and veterans

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11119;  USDINR DGCX: 71.0825;  DJIA Mini: 26316;  FTSE 100 Fut: 7255;  NIKKEI 225 Fut: 20500;  EUR-USD: 1.1208; Crude Oil (WTI): 54.30;  Gold (Spot): 1497

 

Best Regards, ARBIND
12 Aug 2019