MACRO ECONOMIC NEWS

BELIEVE IN GOD; HE REVEALS HIS SUPERIOR PLAN FOR YOU AT A PERFECT TIME. WISHING A CONFIDENT DAY AHEAD.

Macro Economic News 30 Oct 2019

 

The world’s top central banks can do more to adapt their monetary policies to help mitigate climate-change risks without giving up on their other goals such as curbing inflation and boosting the economy, according to a new research paper. Britain will hold its first December election in almost a century after Prime Minister Boris Johnson won approval from parliament on Tuesday for an early ballot aimed at breaking the Brexit deadlock. Markets largely expect another quarter-percentage-point rate cut. It is the Fed’s next step that is uncertain, and investors will closely watch for clues. The FED interest-rate cuts appear to be giving a lift to housing, autos and big-ticket items like appliances while delivering less of a boost to companies.  Average national home prices in the US grew 3.2% in the year ending in August, one of three indicators that show the housing market is gaining modest strength in the latter half of the year. Across Europe, job training hasn’t kept pace with demand for skilled workers. Malaysia cuts foreign workers, sparking labor shortage fears. Australia inflation cools in third-quarter, highlights challenge for RBA. Japan retail sales jump the most since 2014, outlook murky. Indian Companies have spent Rs 50,000 crore on CSR in 5 years: Government. Citing Singapore model, experts bat for cutting multiple GST rates in India. Indian Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG.

 

FINANCIAL TIMES

[I]  Taming Argentina’s economy: the team with a daunting task

[I]  Macron’s labour market changes begin to bear fruit

[I]  Germany charges two Syrians with crimes against humanity

[I]  Lebanon’s prime minister resigns after weeks of protests

[I]  India’s shadow bank crisis raises spectre of contagion

[I]  German reunification gave Europe strategic purpose

[I]  Mobile money is not helping Zimbabwe’s hyperinflation

[I]  ECB isn’t out of ammunition yet

 

REUTERS

[I]  Australia inflation cools in third-quarter, highlights challenge for RBA

[I]  U.S. set to disappoint Asia with downgraded delegation for Bangkok summits

[I]  Cyber attack on Asia ports could cost $110 billion: Lloyd's

[I]  Japan retail sales jump the most since 2014, outlook murky

[I]  UK banks urge government to ease tax burden as Brexit beckons

[I]  Global share rally pauses on trade risks ahead of Fed

[I]  Draghi leaves Lagarde to heal rift at ECB

[I]  Britain set for December 12 election to break the Brexit deadlock

[I]  China to ease foreign investments curbs, won't force tech transfers - vice minister 

 

BLOOMBERG 

[I]  Malaysia Cuts Foreign Workers, Sparking Labor Shortage Fears

[I]  Pimco Seeks Gems in New Credits as Asia Bond Sales Reach Record

[I]  Worst Isn’t Over for China Sovereign Bonds as Supply Surge Looms

[I]  Tearing Down Tax Walls Pitched as Way to Spur Green Muni Bonds

[I]  Car Industry’s Future Under Threat From Electric Vehicles, Says PSA

[I]  Outlier Status Leaves Canada Atop Rate Heap: Decision-Day Guide

 

WALL STREET JOURNAL

[I]  Fed’s Powell Faces Tightrope Act Framing Potential Pause on Rate Cuts

[I]  U.S. Housing Market Gaining Modest Strength, Indicators Show

[I]  Europe Is Hiring—But Its Workforce Isn’t Ready

[I]  Central Banks Could Play a Role in Tackling Climate Change, Paper Says

[I]  Housing Highlights Promises, Limits of Fed’s ‘Insurance’ Rate Cuts

[I]  U.S. Factory Slump Shows Manufacturing Isn’t the Bellwether It Used to Be

[I]  Get Our Improved Real Time Economics Calendar

 

BUSINESS LINE

[I]  Festive cheer for car, 2-wheeler makers, finally

[I]  Companies reported record sales this Dhanteras

[I]  Steelmakers face debt challenges after ill-timed bets

[I]  Fresh Arabian Sea depression to pop up over Lakshadweep-Maldives by Wednesday

[I]  ‘Regional collaboration can help improve fisheries sector in African, Asian countries’

 

ECONOMIC TIMES

[I]  How India can actually revive demand

[I]  Want to shift from metro city? Here's help

[I]  India has 3rd largest startup ecosystem: PM Modi

[I]  Jobs confidence, not tax cuts, will push consumption spends: DBS

[I]  Companies have spent Rs 50,000 crore on CSR in 5 years: Government

[I]  DPIIT kickstarts exercise to ease FDI norms more

[I]  High-level advisory suggests panel for easier entry to foreign investors

[I]  Finance Ministry seeks details of land parcel from CPSEs for asset monetisation

[I]  Citing Singapore model, experts bat for cutting multiple GST rates in India

[I]  Early inclusion of gas, ATF into GST fold likely

 

BUSINESS STANDARD

[I]  Modi invites Saudi investment, says India to spend $100 bn on energy infra

[I]  Govt mulls more steps to boost market sentiment, may scrap DDT, rejig LTCG

[I]  Govt plans to introduce e-way bill on gold movement to check GST evasion

[I]  FMCG firms dig deep in the hinterland to spur sagging rural demand

[I]  Inter-ministerial group discusses possibility of further easing FDI norms

[I]  NPS' debt assets in AAA-rated papers up by 1.83 percentage point to 37.87%

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 11810;  USDINR DGCX: 71.0575;  DJIA Mini: 27025;  FTSE 100 Fut: 7278;  NIKKEI 225 Fut: 22890;  EUR-USD: 1.1108; Crude Oil (WTI): 55.25;  Gold (Spot): 1488

 

Best Regards, ARBIND
30 Oct 2019