MACRO ECONOMIC NEWS

TODAY IS BLESSED FOR ENJOYING THE SURROUNDING. WISHING A VIRTUOUS DAY AHEAD.

Macro Economic News 28 Aug 2019

 

Finance Minister Nirmala Sitharaman said the government wants to ensure that entrepreneurs and industries carry out their business without a worry. She said the government was observing the impact of the slew of measures. The Indian economy likely expanded at its slowest pace in more than five years in the April-June quarter, driven by weak investment growth and sluggish demand, according to economists polled by Reuters. A former Federal Reserve official took the unusual step of calling on the central bank to help prevent President Trump’s re-election by refraining from taking measures to stimulate the U.S. economy. The US Home-price growth continued to decelerate in June, the latest sign that lower mortgage rates are providing little boost to a housing market that has been slowing for the past year.

 

FINANCIAL TIMES

[I]  Iran’s president Rouhani rules out Trump talks

[I]  Macron uses G7 to burnish foreign policy ambitions

[I]  India central bank’s payout to Modi government sparks warnings

[I]  Poland proposes first balanced budget in three decades

[I]  Italy coalition talks falter over role of premier

[I]  Fed rejects using ‘political considerations’ to set policy

[I]  Tepid response in Japan to news of US trade deal

[I]  Japan Inc wakes up to investor activism in its own backyard

[I]  EU could declare no-deal decision reversible

 

REUTERS

[I]  India antitrust watchdog to assess media, broadcasting sector

[I]  Australia home building craters, prices promise some relief

[I]  Business group issues wake-up call on China's corporate 'social credit' plan

[I]  Indian economy set for weakest quarter of growth in five years: Reuters poll

[I]  Iran's Rouhani rules out talks with U.S. until sanctions lifted

[I]  Japan issues emergency warning after life-threatening rains in south

[I]  U.S. consumer confidence falls but only slightly despite trade fight

[I]  Fed rejects call to deny Trump rate cuts; Trump keeps up pressure

 

BLOOMBERG 

[I]  A Dollar Rising Into a Possible U.S. Recession Could Be a Bad Omen

[I]  These Charts Show Japan Has the Advantage in Its Trade Spat With Korea

[I]  Asia Makes Fiscal Push After Rate Cuts to Limit Trade War Damage

[I]  Calls Grow for Another Thai Rate Cut as Baht Surge Dims Outlook

[I]  Funds for U.K. Port Improvements Offered to Prepare for No-Deal Brexit

[I]  Mexico Central Bank Deputy Sees Room for More Interest-Rate Cuts

 

WALL STREET JOURNAL

[I]  Fed Rejects Call to Consider Politics in Policy Decisions

[I]  Democrats’ Emerging Tax Idea: Look Beyond Income, Target Wealth

[I]  Home-Price Growth Continued to Slow in June

[I]  Trump-Backed U.S.-British Trade Deal Faces Hurdles

[I]  A Primer on the Future of Fannie, Freddie

[I]  China Finally Snuffs Out a Beacon of Liberal Thought and Democracy

 

BUSINESS LINE

[I]  Govt to study impact of measures announced: FM Nirmala Sitharaman

[I]  Stimulus measures to support sentiment, but headwinds to drag growth to 6.4 per cent: Moody’s

[I]  Indian corporates under debt stress, says McKinsey study

[I]  Chemical industry seeks restoring tax incentive for R&D

[I]  Indian economy set for the weakest quarter of growth in 5 years

[I]  15 per cent growth in exports possible this fiscal: FIEO

[I]  India calls for uniform GAP standards in SAARC nations

 

ECONOMIC TIMES

[I]  Relief for realty could be next on FM's list

[I]  Trade war or economy? Trump's tough choice

[I]  Yields bond with RBI decision, fall to lowest in three weeks

[I]  Government exploring mini food parks in Jammu and Kashmir

[I]  RBI transfer to government: The good and the bad

[I]  Government starts process to cut stake in state-run firms

[I]  India even more important in case of no-deal Brexit: UK envoy

[I]  No quick turnaround in India's growth momentum likely: Report

[I]  Direct tax code task force favours scrapping dividend distribution tax

 

BUSINESS STANDARD

[I]  RBI balance sheet must be strong, says Bimal Jalan committee report

[I]  Direct Taxes Code panel for status quo on LTCG tax, STT; wants DDT to go

[I]  China's new drug law may open door for Indian generic medicines: Report

[I]  Govt yet to decide how to use funds, says FM Nirmala Sitharaman

[I]  Ministries planning to allow small businesses to enter manufacturing sector

[I]  Economic slowdown: Online hiring slips 5% in January-June period

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11116;  USDINR DGCX: 71.5725;  DJIA Mini: 25814;  FTSE 100 Fut: 7075;  NIKKEI 225 Fut: 20450;  EUR-USD: 1.1087; Crude Oil (WTI): 55.45;  Gold (Spot): 1534

 

Best Regards, ARBIND
28 Aug 2019