MACRO ECONOMIC NEWS

GOD HAS ARRANGED SOMETHING BETTER FOR US. WISHING A DIVINE DAY AHEAD.

Macro Economic News 25 Sep 2019

 

Global debt surges to highest level in peacetime. Global trade tensions weighed on major world economies in September, as U.S. business activity picked up only slightly and European output slowed. German business morale improves in September. Philippines to cut anew as Thailand holds; RBNZ sees scope to cut rates again if needed to boost growth. China says has no intention to play 'Game of Thrones' but won't be threatened on trade, whilst China’s shadow banking industry roars back. U.S. home price growth loses momentum.  An additional 1.3 million Americans are set to qualify for overtime pay under a retooled Labor Department regulation. India’s tax cut euphoria wanes as economists count cost.

 

FINANCIAL TIMES

[I]  Trump admits withholding Ukraine aid as scandal grows

[I]  Global debt surges to highest level in peacetime

[I]  Humiliated Johnson’s Brexit plan in disarray

[I]  India’s tax cut euphoria wanes as economists count cost

[I]  German business morale improves in September

[I]  Trump castigates Iran’s ‘repressive regime’ at UN

[I]  China central bank head warns on regional lenders

[I]  China’s shadow banking industry roars back

 

REUTERS

[I]  Trump says he sees U.S.-India trade deal soon

[I]  China says has no intention to play 'Game of Thrones' but won't be threatened on trade

[I]  BOJ Masai says ready to ease further if price momentum lost

[I]  Dollar hobbled by Trump impeachment inquiry, weak U.S. data

[I]  U.S. consumer confidence falls in September, trade fears dominate

[I]  BOJ discussed need for preemptive response to risks: July minutes

[I]  German downturn 'taking a breather' but recession still looms: Ifo

 

BLOOMBERG 

[I]  Markets Rattled by Barrage of Familiar Woes. And One Newcomer.

[I]  Philippines to Cut Anew as Thailand Holds: Rate Decision Guide

[I]  Gold Gets Another Boost as U.S. Risks Strengthen Case for Havens

[I]  RBNZ Sees Scope to Cut Rates Again If Needed to Boost Growth

[I]  China’s Economy Struggling Across All Sectors, Beige Book Says

 

WALL STREET JOURNAL

[I]  More Workers to Qualify for Overtime

[I]  U.S. Home Price Growth Loses Momentum

[I]  Lower-Income Americans Increasingly Job Hopping

[I]  Trade Subdues U.S. Business Activity, Weighs on Europe

[I]  Mexico-Canada Trade Pact’s Fate in House Hangs on Support of Labor

[I]  Brazil Opens Up an Economy Long Shielded From Competition

 

BUSINESS LINE

[I]  Modi, Trump discuss trade but no deal in sight yet

[I]  Will high auction prices of limestone affect margins of cement makers?

[I]  Govt notifies EPF interest rate at 8.65 per cent for FY19

[I]  Corporate tax stimulus might not lead to higher buybacks or dividends

[I]  India must aspire to be top recipient of FDI: Ravi Shankar Prasad

 

ECONOMIC TIMES

[I]  NPAs are giving banks a new cause for worry

[I]  MSMEs get 2nd shot to reclaim belly-up firms

[I]  Companies in core sector, SEZs unclear on use of MAT credits

[I]  Trade deal with India soon: Donald Trump

[I]  Multiple threats looming on Indian apparel exports: Report

[I]  Govt needs to exempt tax on interest earned under senior citizens scheme: SBI study

[I]  DGTR sets up help desk and facilitation centre for full utilisation of trade remedial measures

[I]  View: India should now move to standardised, stable and easily understood rates of taxation

 

BUSINESS STANDARD

[I]  US-India trade deal very soon, says Donald Trump after meeting with PM Modi

[I]  RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths

[I]  Direct tax code panel calls for branch profit tax on foreign companies

[I]  Bank mergers may bring down the curtains for old-world forex brokerages

[I]  Linking loans to external benchmark: Why it won't be easy for banks

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11604;  USDINR DGCX: 71.0325;  DJIA Mini: 26881;  FTSE 100 Fut: 7238;  NIKKEI 225 Fut: 21870;  EUR-USD: 1.1002; Crude Oil (WTI): 56.96;  Gold (Spot): 1529

 

Best Regards, ARBIND
25 Sep 2019