MACRO ECONOMIC NEWS

SOMETHING AMAZING IS ABOUT TO HAPPEN THIS FRIDAY. WISHING AN ENJOYABLE DAY AHEAD.

Macro Economic News 11 Oct 2019

 

The rating agency (Moody) expects a moderate pickup in real GDP growth and inflation over the next two years. Indian retail inflation probably reached a 12-month high in September, but still leaving room for further interest rate cuts because it's expected to remain below the Reserve Bank of India's target, according to a Reuters poll. The International Monetary Fund said that Countries around the world should urgently begin accelerating efforts to reduce greenhouse gas emissions, and the best way to do that is through implementation of carbon taxes and global cooperation. Top U.S. and Chinese negotiators met for the first time since late July to try to find a way out of a 15-month trade war as new irritants between the world's two largest economies threatened hopes for progress. Singapore Central Bank Is Set to Join Global Policy Easing Tide.

 

FINANCIAL TIMES

[I]  Johnson and Varadkar see ‘pathway’ to a Brexit deal

[I]  Toronto smart city plan hinges on waterfront land compromise

[I]  Trump trade team’s unified front tested in China talks

[I]  Draghi ignored in-house ECB advice on QE restart

[I]  India and China face off over Himalayan flashpoint

[I]  Washington watches as EU steps up scrutiny of Big Tech

[I]  Fed drops toughening liquidity rules on foreign banks

 

REUTERS

[I]  India seeks safeguards in China-led trade pact

[I]  Indian miners reject plan to link national coal index to foreign prices

[I]  U.S. backs Brazil for OECD membership, but Argentina first

[I]  Sterling shines on Brexit hopes, yen eases on trade optimism

[I]  U.S., China resume high-level talks to end grueling trade war

[I]  India's exports of gems, jewellery fall 6.2% in September

[I]  Day 1 of U.S.-China trade talks ends with hopes for limited deal

[I]  Markets dance to Trump's trade tunes

 

BLOOMBERG 

[I]  What to Watch to See if World Economy is Heading Into Recession

[I]  Singapore’s Luxury Apartment Market Is Hot, Thanks to China

[I]  Abu Dhabi Wants to Change How a Fifth of Global Oil Is Priced

[I]  New Hedge Funds Survive Better in Asia Than the U.S.

[I]  Nonsense Market Moves Have Investors ‘Exhausted’ by Trade Talks

[I]  Norway’s Outgoing Oil Regulator Is Upbeat Over Industry’s Future

[I]  Singapore Central Bank Is Set to Join Global Policy Easing Tide

[I]  Trade Talk Flop Would Hurt Stocks More Than Mini-Deal Would Help

[I]  Health Care Is Driving Growth in Canada’s Job Market

 

WALL STREET JOURNAL

[I]  WSJ Survey: Most Economists Say Manufacturing in Recession

[I]  Trump to Meet With China’s Top Trade Negotiator on Friday

[I]  U.S. Inflation Cooled at the End of the Summer

[I]  ECB Minutes Show Lagarde Will Inherit a Fractured Institution

[I]  Fed’s Kashkari: If Data Continues As It Has, Another Rate Cut Is Warranted

[I]  Fed Adds $88.1 Billion to Financial System in Repo Transaction

[I]  Fed's Kaplan: Reserving Judgment on Need for Another Rate Cut

[I]  Newsletter: A Crack in the Labor Market and a Pivotal Moment for the U.S. and China

 

BUSINESS LINE

[I]  Moody's cuts India's growth forecast to 5.8 per cent for FY20

[I]  Festive season hiring continues amid muted job growth

[I]  Gem, jewellery export dips 6% in September

[I]  India’s engineering exports to China up 58% in Aug

[I]  Monsoon withdrawal gathers speed over North-West

 

ECONOMIC TIMES

[I]  Why world's 2.8 billion consumers are tense

[I]  Opec chief says deeper oil cut an option amid weaker 2020 outlook

[I]  India's August rice exports drop 29% on weak African demand: Govt

[I]  India jumps to 7th spot in Brand Finance Nation ranking

[I]  Why a third of the world’s consumers are suddenly nervous to spend

 

BUSINESS STANDARD

[I]  Revenue crunch prompts govt to consider GST rate hike on low-tax products

[I]  Dairy companies see milk procurement price stabilising at higher levels

[I]  How auto companies are wooing reluctant buyers amid slowdown gloom

[I]  UDAY comes a cropper, puts power distribution companies in the red

[I]  Gem and jewellery export down 7.6% to Rs 1.3 trillion in first half

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11275;  USDINR DGCX: 71.1125;  DJIA Mini: 26535;  FTSE 100 Fut: 7127;  NIKKEI 225 Fut: 21740;  EUR-USD: 1.1017; Crude Oil (WTI): 53.83;  Gold (Spot): 1496

 

Best Regards, ARBIND
11 Oct 2019