MACRO ECONOMIC NEWS

WISH, THE LOVING LORD LAYS LANDSCAPE OF LAUGHTER IN YOUR LIFE. WISHING A LAVISH WEEK AHEAD.

Macro Economic News 02 Sep 2019

 

Argentina's government authorized currency controls. Economists and international organizations have urged Berlin for months to spend more to fight a looming recession, but while officials say the government is preparing measures to support demand, they are likely to fall well short of the big stimulus the world is hoping for. Business sentiment down across all parameters in India, may improve, says report.

 

FINANCIAL TIMES

[I]  Germany’s bond market is increasingly hard to trade

[I]  Argentina prepares next steps to tackle debt crisis

[I]  US consumers in line of fire as new China tariffs kick in

[I]  Britain needs a win-win deal on the Irish backstop

[I]  US and China are weaponising global trade networks

[I]  Stimulus loses its power as money becomes abundant

 

REUTERS

[I]  Stocks shiver as new U.S.-China tariffs add to gloom

[I]  Bangladesh signs deal with Reliance Power to buy electricity

[I]  Japan imports first LNG cargo from China as utilities try to cut costs

[I]  Argentina returns to currency controls as debt crisis spirals

[I]  China, U.S. kick off new round of tariffs in trade war

[I]  China will maintain prudent monetary policy

[I]  India announces series of state-run bank mergers to strengthen lenders

[I]  India's GDP growth hits 6-year low, more stimulus expected

 

BLOOMBERG 

[I]  Trump Heaps More Tariffs on China, Still No Deal in Sight

[I]  Emerging Markets Are Often Bad in August, But Rarely This Bad

[I]  Carney-Style Experiment Comes to ECB as Irish Send in a Briton

[I]  India’s Shock GDP Slump Prompts Growth, Rate-Cut Revisions

[I]  Recession-Risk Signals, Tariffs Kick In, Capital Clamps: Eco Day

[I]  China’s Manufacturing Sector Keeps Getting Whacked by Trump

[I]  Gut Check Time for Treasuries After Biggest Rally Since 2008

 

WALL STREET JOURNAL

[I]  Germany’s Small Steps Into Stimulus Are Unlikely to Meet Economists’ Hopes

[I]  Economy Week Ahead: Manufacturing, Trade and August Jobs Report

[I]  Tariff Uncertainty Weighs on Small Businesses

[I]  Strength in U.S. Consumer Spending Drives Economy

[I]  Historic Asset Boom Passes by Half of Families

[I]  Inflation Picked Up in July

 

BUSINESS LINE

[I]  GST collection falls to ₹98,202 cr in August

[I]  Surplus effect: RBI may have to suck out excess liquidity

[I]  Economists see revival prospects in H2

[I]  No job loss due to bank mergers, assures Finance Minister

[I]  TERI to study impact of climate change on farm sector

[I]  Excess rainfall in half of India in August: IMD

[I]  Agri GDP growth falls: Doubling farmers’ income in next 3 years looks a tough task

 

ECONOMIC TIMES

[I]  Central borrower database plan picks up pace

[I]  Rice exporters get 4-month breather from Saudi norms

[I]  Fiscal deficit target tough to meet: Experts

[I]  RBI, government arms to build new borrower database

[I]  Govt in consultation with different sectors on economic reforms: FM Nirmala Sitharaman

 

BUSINESS STANDARD

[I]  Short- and long-term measures needed to spur economic growth: India Inc

[I]  Realty developers hopeful about festive season after slew of govt reforms

[I]  Mega merger of PSBs could mean Rs 5,000-cr demand in IT outsourcing

[I]  Centre working on a fresh bailout package for cash-strapped BSNL

[I]  Say cheese! Madhya Pradesh likely to be first state to have happiness index

[I]  Business sentiment down across all parameters, may improve, says report

 

MARKETS (10:00 am)

[I]  SGX NIFTY Fut: 10957;  USDINR DGCX: 71.9625;  DJIA Mini: 26318;  FTSE 100 Fut: 7208;  NIKKEI 225 Fut: 20620;  EUR-USD: 1.0991; Crude Oil (WTI): 55.12;  Gold (Spot): 1526

 

Best Regards, ARBIND

02 Sep 2019