MACRO ECONOMIC NEWS

WALK THROUGH NATURE TO WALK THE EVERY WALK FOR LIFE. WISHING A SERENE DAY AHEAD.

Macro Economic News 18 Sep 2019

 

India's foreign minister said that the part of Kashmir controlled by Pakistan belongs to India and that he expected India to gain physical control over it one day, raising the rhetoric over the territorial dispute. For the first time in more than a decade, the Federal Reserve injected cash into money markets to pull down interest rates and said it would do so again after technical factors led to a sudden shortfall of cash. Fed Chairman Jerome Powell is leading his colleagues to cut rates by a quarter percentage point at their meeting this week, for the second time in as many months. Economic activity in China cooled further in August, testing Beijing’s tolerance for slower growth as it seeks to ease trade tensions with the U.S. Netherlands rolls out economic stimulus plan. Eurozone wakes up to ECB’s fiscal message.

 

FINANCIAL TIMES

[I]  Fed plans second intervention to ease funding squeeze

[I]  Saudi oil attack highlights Middle East’s drone war

[I]  Netherlands rolls out economic stimulus plan

[I]  Saudi seeks to reassure on oil supplies after attack

[I]  Eurozone wakes up to ECB’s fiscal message

[I]  France announces €5bn push for tech start-ups

 

REUTERS

[I]  India says expects to gain control over Pakistan Kashmir one day

[I]  GST panel unlikely to favour tax rate cut for auto sector: sources

[I]  Japan's exports fall for ninth straight month as global demand falters

[I]  British PM could recall parliament if suspension ruled unlawful

[I]  Global Markets: Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

[I]  Trump says China trade deal could come before U.S. election, or not

[I]  UK companies would incur tariff costs after no-deal Brexit: survey

[I]  Cut and run: How U.S. stocks react in Fed easing cycles

[I]  More British consumers living on financial knife edge, debt charity warns

 

BLOOMBERG 

[I]  Fed’s First-in-a-Decade Intervention Will Be Repeated Wednesday

[I]  A Crazy Day for Oil Leaves Traders Dazed From Tokyo to Houston

[I]  Asia's High Dividend Stocks Start to Lose Their Appeal

[I]  Fed Steps In, Vietnam Success Struggle, World Bank Fear: Eco Day

[I]  Gold Holds Ground Near $1,500 Before Bonanza of Rate Decisions

[I]  Repo Disruption Isn’t a Sign of a Systemic Problem, Blackstone’s James Says

[I]  Vietnam Becomes a Victim of Its Own Success in Trade War

 

WALL STREET JOURNAL

[I]  Fed Intervenes to Curb Soaring Short-Term Borrowing Costs

[I]  Why Fed Officials Aren’t Saying More About the Interest Rate Outlook

[I]  U.S. Factories Bounced Back in August

[I]  GM Strikes Don’t Pack Economic Punch They Once Did

[I]  Trump Moves Ahead With U.S.-Japan Trade Pact That Eases Some Tariffs

[I]  China’s Economy Aches All Over as Beijing Seeks Trade Fix With the U.S.

[I]  Global Services Trade Also Set To Slow, Says WTO

 

BUSINESS LINE

[I]  How rural inflation is playing out

[I]  India Ratings assigns `stable to negative' outlook for power sector

[I]  NHAI cautions States against building toll-free roads next to national highways

[I]  Argentina actively woos India for investment in lithium assets

[I]  India drawing cheap imports, says paper makers’ body; seeks anti-dumping duty

[I]  Onion price rise temporary phase, govt boosting supply: Ram Vilas Paswan

 

ECONOMIC TIMES

[I]  Ailing auto sector may not get any GST relief

[I]  Coming decade can be India's time to shine

[I]  Indonesia agrees to import Indian rice & sugar to push trade volume to $50 billion

[I]  India, US in talks to resolve trade issues: Piyush Goyal

[I]  Expect 30% rise in export credit by March: Piyush Goyal

[I]  Soon, lands will have Aadhaar-like unique ID numbers

[I]  Aim is to take economy to $10 trillion by 2030: Rajnath Singh

[I]  NITI Aayog frames guidelines for automated inspection of vehicles

 

BUSINESS STANDARD

[I]  GST Council may rationalise rates for five-star hotels in Friday meeting

[I]  No slowdown, auto sector making hue and cry to get package from govt: CAIT

[I]  Indian corporates need to follow global standards of governance: K M Birla

[I]  Non-residents' investments in India's mutual funds near Rs 1 trillion

[I]  Operational creditors trigger 50% of insolvency resolution process: IBBI

[I]  Govt considering another 'booster dose' to revive economy: Report

[I]  World trade in commercial services continues to decline in Q2FY20: WTO

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10886;  USDINR DGCX: 71.5300;  DJIA Mini: 27083;  FTSE 100 Fut: 7314;  NIKKEI 225 Fut: 21850;  EUR-USD: 1.1067; Crude Oil (WTI): 58.91;  Gold (Spot): 1502

 

Best Regards, ARBIND
18 Sep 2019