MACRO ECONOMIC NEWS

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Macro Economic News 07 Oct 2019

                                                                                                                                                           

India is working on a new Electricity Act. MCA plans to amend CA Act to remove conflict of interest in audits. Women's employment in focus as govt starts talks to boost job creation. Monsoon withdrawal from October 10: IMD. India's services sector contracts in September on weak demand: PMI. RBI cuts rates to near decade lows to revive growth. Britain is open to some flexibility on the proposed mechanism that would allow lawmakers in post-Brexit Northern Ireland to decide whether the British province remains in regulatory alignment with the European Union, its Brexit minister said. US factory job losses send new warning signal to Trump on trade war.

 

FINANCIAL TIMES

[I]  Private equity has inflated US medical bills

[I]  Private equity takeovers of listed firms hit jobs, study finds

[I]  Sharp rise in scrutiny of UK cryptocurrency groups

[I]  The euro’s guardians face a roar of the dinosaurs

[I]  Without clients, there is no money to pay workers

[I]  Oil and gas extraction has huge, clear and costly externalities

 

REUTERS

[I]  UK could be flexible on details of Northern Ireland veto, customs plan

[I]  Portugal's ruling Socialists win election but fall short of outright majority

[I]  Split vote complicates government formation after Tunisia election

[I]  RBI cuts rates to near decade lows to revive growth

[I]  India's services sector contracts in September on weak demand: PMI

[I]  As Fed policymakers comb data, few decisive signals on outlook

 

BLOOMBERG 

[I]  Factory Job Losses Send New Warning Signal to Trump on Trade War

[I]  Is the U.S. Headed for a Recession? Bulls, Bears Make Their Case

[I]  Australian Stocks Start to Stumble After Soaring Up to 21% This Year

[I]  China’s Trade Reluctance, Indian Easing, Hunt for Yield: Eco Day

[I]  China’s Gold-Buying Spree Tops 100 Tons During Trade War

[I]  Fed’s George Sees No Need to Ease Unless Slowdown Deepens

[I]  Here’s How Low India Rates Can Go After Five Cuts in a Row

[I]  BOE to Dust Off War Games If No-Deal Brexit Becomes Reality

 

WALL STREET JOURNAL

[I]  Fed Confronts Balance-Sheet Decisions to Curb Money-Market Volatility

[I]  Social Security Debate Shifts to Bigger Checks

[I]  Economy Week Ahead: U.S. CPI, Fed Minutes, German Manufacturing Orders

[I]  Treasury Inspector General Reviewing Handling of Requests for Trump Tax Records

[I]  U.S. Trade Gap Widened in August

 

BUSINESS LINE

[I]  We are working on a new Electricity Act, says Power Minister RK Singh

[I]  Policy blues, tariff caps may curtail renewable energy capacity additions: report

[I]  Conditions ripe for onset of North-East monsoon

[I]  It’s time to ‘focus on the general equilibrium of the economy’

[I]  Coffee exports set to fall for second year on lower output

[I]  Bureau of Energy Efficiency to lead the way for EV-charging infrastructure

 

ECONOMIC TIMES

[I]  Monsoon withdrawal from October 10: IMD

[I]  Why professionals are moving back home

[I]  What India can learn from China's 70 years of growth

[I]  View: Why MPC should tread cautiously on key policy decisions

[I]  Growth reaches a trough; to start improving by Jan: Aditya Puri

[I]  Huge investment opportunities in Bangladesh for India: Deloitte

[I]  Finance Ministry to kick-start budgetary exercise from October 14

 

BUSINESS STANDARD

[I]  MCA plans to amend CA Act to remove conflict of interest in audits

[I]  Domestic IT services companies increasingly absorbing staff of clients

[I]  Indian states' fiscal battle amid economic slowdown: Explained in 8 charts

[I]  Indirect tax board removes circular on GST, but confusion remains

[I]  IBC and PMLA: Clarity needed in enforcing two overlapping laws in harmony

[I]  Women's employment in focus as govt starts talks to boost job creation

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11221;  USDINR DGCX: 71.0225;  DJIA Mini: 26419;  FTSE 100 Fut: 7109;  NIKKEI 225 Fut: 21350;  EUR-USD: 1.0986; Crude Oil (WTI): 52.72;  Gold (Spot): 1507

 

Best Regards, ARBIND
07 Oct 2019