MACRO ECONOMIC NEWS

GOOD THINGS ARE ABOUT TO HAPPEN; GOD IS LEAVING HIS ANGELS FOR YOU. WISHING A CHERISHED DAY AHEAD.

Macro Economic News 12 Sep 2019

 

Big relief for small-GST assessees: May be spared burden of filing FY18 annual return. CBDT launches one-time facility for tax offences. PE investors make a beeline for start-ups to generate higher returns. China suspends import tariffs on some US goods while US companies in China are more pessimistic about revenue outlook. U.S. companies are downshifting in China as its economy slows and trade tensions with the U.S. persist, according to a new survey that highlights softening revenue, reduced investment and job cutbacks. President Trump renewed his call for lower interest rates and his attacks on the Federal Reserve. The FED doesn't want negative interest rates even though trump does. Draghi gears up for ECB showdown on stimulus. Malaysia expected to hold rates as bets for cutting grow. Japan manufacturers' mood hits 6-1/2-year low.

 

FINANCIAL TIMES

[I]  Emmanuel Macron’s pivot to Russia sparks EU unease

[I]  EU faces showdown over ‘European way of life’ job

[I]  Poland’s parliament suspended until after election

[I]  China suspends import tariffs on some US goods

[I]  Australia targets addicts in tough social security reform

[I]  India’s deepening car sales slump spreads alarm

[I]  US companies in China more pessimistic about revenue outlook

 

REUTERS

[I]  India wants industry protected in China-backed trade deal: minister

[I]  UK's worst-case no-deal Brexit plan warns of food shortages, public disorder

[I]  Asian stocks hit six-week high on trade war hopes ahead of ECB

[I]  Japan's machinery orders slip as trade gloom hits business spending

[I]  Mexico sees diminished threat of U.S. tariffs after effort to curb migration

[I]  New environment minister says Japan should stop using nuclear power

[I]  U.S. social media firms to testify on violent, extremist online content

[I]  Japan manufacturers' mood hits 6-1/2-year low - Reuters Tankan

 

BLOOMBERG 

[I]  Trump’s Latest Tweet on Fed, U.S. Debt Is Called a ‘Recipe for Disaster’

[I]  Argentina Clamps Down on Loophole to Gain From Capital Controls

[I]  Financial Health of Indian Firms Worsens for Fourth Straight Month

[I]  Brexit Uncertainty Casts Long Shadow Over U.K. Property Market

[I]  Draghi Gears Up for ECB Showdown on Stimulus: Decision Day Guide

[I]  The Fed Doesn't Want Negative Interest Rates Even Though Trump Does

[I]  Filipinos Dropping Out of the Workforce Could Benefit the Economy

[I]  Malaysia Expected to Hold Rates as Bets for Cutting Grow

 

WALL STREET JOURNAL

[I]  How to Get Rid of Carbon Emissions: Pay Farmers to Bury Them

[I]  Trump Says Fed Should Reduce Rates to ‘Zero, or Less’

[I]  Trump Rules Out Indexing Capital-Gains Taxes to Inflation

[I]  Trump to Delay Tariffs on China by Two Weeks

[I]  Social Security Expansion Being Debated Would Raise Payroll Taxes

[I]  American Businesses Say China’s Slowdown Is a Greater Threat Than the Trade War

 

BUSINESS LINE

[I]  Big relief for small-GST assessees: May be spared burden of filing FY18 annual return

[I]  India to align trade remedy rules with global best practices

[I]  India agrees to lower import duties on Indonesian palm oil

[I]  Bengal refuses to implement new Motor Vehicles Act

[I]  Monsoon likely to begin withdrawing next week

 

ECONOMIC TIMES

[I]  Soaring airfares won't go down anytime soon

[I]  CBDT launches one-time facility for tax offences

[I]  Cautious optimism supports dollar ahead of ECB

[I]  India for safeguards to counter import surge

[I]  Infra companies seek more time to evaluate 3rd bundle of toll-operate-transfer highway projects

[I]  Part of proposed housing sector package: Fund on cards to offer guarantee for home loans

[I]  Tax offences, failure to pay TDS up to Rs 25 lakh not be prosecuted by taxman

[I]  Govt to announce scrappage policy shortly: Nitin Gadkari

 

BUSINESS STANDARD

[I]  Flyers to be under watch at airports for signs of nervousness, anxiety

[I]  PE investors make a beeline for start-ups to generate higher returns

[I]  10-year bond yields rise, may become tough for banks to pass on rate cuts

[I]  Overnight schemes gain traction as Sebi tightens norms on liquid funds

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11078;  USDINR DGCX: 71.5425;  DJIA Mini: 27260;  FTSE 100 Fut: 7372;  NIKKEI 225 Fut: 21788;  EUR-USD: 1.1013; Crude Oil (WTI): 56.21;  Gold (Spot): 1495

 

Best Regards, ARBIND

12 Sep 2019