MACRO ECONOMIC NEWS

SENSE THE SURROUNDED SERENITY FOR CALMING COMFORT. WISHING A CHEERING DAY AHEAD.

Macro Economic News 10 Sep 2019

 

India's monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to data released by an industry body, highlighting the continued slowdown in the sector amid assurances by the government for revival. A mountain of debt built up during the past decade has made some economies more fragile as global growth slows, adding to the challenges faced by central banks. A total of $150 billion equivalent bonds binged last week by corporates, globally. Beneath China’s stable headline numbers, there is a growing belief the real picture is worse. That has economists, analysts, companies and investors crunching data—from energy consumption to photos taken from space—to get a more accurate reading.

 

FINANCIAL TIMES

[I]  Draghi under pressure to deliver fresh stimulus

[I]  Johnson softens his Brexit stance on Irish border

[I]  Saudi Arabia signals oil production cuts will stay

[I]  Mexico’s ‘overly optimistic’ budget raises concern

[I]  Fears recede of Japan recession sparked by consumption tax rise

[I]  India car sales slump 41% as downturn deepens

 

REUTERS

[I]  India's monthly passenger vehicle sales log worst-ever drop in August

[I]  India August inflation likely rose, but rate cuts still on the cards: Reuters poll

[I]  Britain's Johnson tells parliament - You can tie my hands, but I will not delay Brexit

[I]  North Korea follows offer of talks with new projectile launches

[I]  UK lawmakers reject PM Johnson's request to hold an early election

[I]  UK fears crisis as 11.5 million get potentially addictive drugs

[I]  France to win Britain's finance crown in EU after Brexit: report

[I]  British banks seek tweaks to accountability rules

[I]  Deadline looming, Japan struggles to elude Trump tariff threat

[I]  France to win Britain's finance crown in EU after Brexit - report

 

BLOOMBERG 

[I]  Bank of Korea’s Bottom Line on Interest Rates Is Now In Question

[I]  Gold Rally Gets Upstaged as Precious Metals Rise in Slipstream

[I]  T. Rowe’s Baltimore Headquarters Evacuated for Suspicious Vehicle

[I]  Wendy’s Drops on Forecast Cut Amid Nationwide Breakfast Plan

[I]  Hedge Funds Getting Burned as Growth Stocks Trounced by Value

[I]  Corporate Pension Funding Moves Closer to Worrisome 80% Level

 

WALL STREET JOURNAL

[I]  High Debt Levels Are Weighing on Economies

[I]  Fannie, Freddie Getting Closer to Retaining Their Earnings

[I]  Inflation Expectations Ease in August, New York Fed Survey Says

[I]  China Says Growth Is Fine. Private Data Show a Sharper Slowdown.

[I]  Workers Flee Big Cities—and Take Their Jobs With Them

[I]  Why Lawrence Summers Is Worried About the Economy

[I]  Half-Full Hotels and Cheap Rooms: Hong Kong Tourism Suffers Worst Month Since SARS

[I]  China’s Trade Numbers Send More Distress Signals

 

BUSINESS LINE

[I]  Commercial vehicle sector continues to see production cuts

[I]  Telangana pares Budget size on rising slowdown fears

[I]  ‘Economic census to be held every three years’

[I]  Aug auto sales down 23% across board

 

ECONOMIC TIMES

[I]  Hopes of US-China trade deal to offset crude oil demand worries

[I]  Rice exports drop 27% YoY in April-July: Govt

[I]  Up 35% in 2 months: This investment option is the flavour of the season

[I]  A $150 billion corporate bond binge smashes records

[I]  Mumbai most preferred city for co-living in India; ranks 5th among APAC's 20 cities

[I]  Delhi-Mumbai Expressway will be built before next election: Nitin Gadkari

[I]  Kerala to set up India's first trade centre for women

 

BUSINESS STANDARD

[I]  African nations offer India barter deal: Copper, gold for infra projects

[I]  Slowdown blues: Auto sales down 23.5%, worst slump in two decades

[I]  ARCs getting aggressive in asset purchase: Explained in three charts

[I]  Asian retail fashion brands accelerate India journey amid economic slowdown

[I]  RBI panel suggests setting up new entity to boost home loan securitisation

[I]  Finance ministry clears NITI Aayog's artificial intelligence proposal

[I]  NHAI pause on contracts likely to hurt construction firms' revenue

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 11023;  USDINR DGCX: 71.9425;  DJIA Mini: 26883;  FTSE 100 Fut: 7243;  NIKKEI 225 Fut: 21419;  EUR-USD: 1.1044; Crude Oil (WTI): 58.38;  Gold (Spot): 1490

 

Best Regards, ARBIND
10 Sep 2019