MACRO ECONOMIC NEWS

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Macro Economic News 09 Sep 2019

 

Indian consumers remain confident despite economic slowdown: Nielsen. Prime Minister Boris Johnson is sticking to his Brexit plan and will not seek a delay to Britain's departure from the European Union at a summit next month. U.S. employment grew modestly in August and unemployment showed signs of stabilizing at historically low levels, signs that a global slowdown has dented the growth outlook. Federal Reserve officials are gearing up to reduce interest rates at their next policy meeting in two weeks, most likely by a quarter-percentage point.

 

FINANCIAL TIMES

[I]  Third of foreign investment is companies dodging tax

[I]  Argentina’s black market money changers expect resurgence in business

[I]  China exports decline as US trade dispute takes toll

[I]  Italian business hopes for stability under new coalition

[I]  Finland to push EU budget rule of law clampdown

[I]  Greece’s Mitsotakis calls for tax cuts and reforms

[I]  The global risk brewing in Japan’s ailing local banks

[I]  US banks set to lower forecasts amid falling rates

 

REUTERS

[I]  Mexico frees up some spending in budget, but discipline trumps stimulus

[I]  Euro on defensive ahead of ECB meeting amid worries about growth

[I]  Japan's second-quarter GDP grows at slower pace on weaker capital spending

[I]  Act now to get ready for recession, think-tank urges Britain

[I]  Sticking to Brexit plan, UK's Johnson will not seek a delay

[I]  U.S. will sanction whoever purchases Iran's oil: official

[I]  India's gold demand ticks up ahead of festivals, subdued elsewhere

[I]  Eurogroup head warns new Italy government over 2020 budget

[I]  Greece to submit request on early IMF loan repayment this week: PM

 

BLOOMBERG 

[I]  Rich Pickings: China Food Producer Valuations Are World Beaters

[I]  Japan’s Economy Grows at Slower Pace as Capex Proves Less Strong

[I]  Japan Boosts CLO Scrutiny as Banks Buy Billions of Risky Assets

[I]  India's Trying to Race Brazil by Exporting Subsidized Sugar ASAP

[I]  Financier for ‘Joker’ Has Made Movies Into Ultimate Yield Play

[I]  German Growth Will Fall to Zero If No-Deal Brexit Happens: BDI

 

WALL STREET JOURNAL

[I]  Modest August Job Growth Shows Economy Expanding, but Slowly

[I]  Powell Signals Rate Cut Likely at Meeting This Month

[I]  China’s Central Bank to Free Up $126 Billion for Lending

[I]  Fed Lines Up Another Quarter-Point Rate Cut

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

 

BUSINESS LINE

[I]  Funding is not an issue, compliance burden is: Panelists at Surge SME Conclave

[I]  The attractiveness of different investments keeps changing: Arathi Krishnan

[I]  Govt to roll out new power tariff policy, UDAY 2.0 for resolving discoms losses

[I]  Government set up task force to identify infra projects for Rs 100 lakh cr investment

 

ECONOMIC TIMES

[I]  AI is creating jobs, not just stealing them

[I]  Bad loan crisis is showing no sign of easing

[I]  PSU fund raising through bonds gained in FY19: Report

[I]  World’s worst bad-loan mess set to worsen on India’s cash crunch

[I]  India starts talk with UK, EU on concessional sugar exports post Brexit

[I]  India backs new sub-regional economic bloc, excluding Pak

[I]  How Indian economy came to a dead stop in the 2010s

[I]  12 PSU banks almost right for India, says Finance Secretary

 

BUSINESS STANDARD

[I]  Indian consumers remain confident despite economic slowdown: Nielsen

[I]  Auto industry may have to wait longer for GST cut on cars from 28% to 18%

[I]  Used commercial vehicle sales see uptick amid auto sector slowdown

[I]  Japan joins a band of Asian countries to tap into Indian tourism market

[I]  Rising gold demand reflecting risk aversion in global financial system

[I]  Missing the mark: India lags peers on earnings show in June quarter

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10977;  USDINR DGCX: 71.8650;  DJIA Mini: 26860;  FTSE 100 Fut: 7307;  NIKKEI 225 Fut: 21300;  EUR-USD: 1.1026; Crude Oil (WTI): 57.07;  Gold (Spot): 1509

 

Best Regards, ARBIND

09 Sep 2019