MACRO ECONOMIC NEWS

IT’S FUN TO WITNESS THE NATURE AND NATURAL CIRCUMSTANCES TOUCHING LIVES. WISHING AN AMUSING DAY AHEAD.

Macro Economic News 15 Oct 2019

 

The Nobel Prize in economics was awarded to a trio of U.S.-based economists for their “experimental approach to alleviating global poverty” including one Indian American. India's retail inflation rate rose to 3.99% in September, driven by higher food prices, the government said, close to the central bank's 4% medium-term inflation target, after an interval of 13 months while Wholesale inflation eases out in the same period. Niti Aayog confirms, “We need to improve the tight credit situation”. Low credit-to-GDP ratio, perhaps, implies the banking sector is unable to meet the economy’s credit needs. US trade uncertainty clouds global growth prospects. China export downturn deepens on falling trade with US. China new energy vehicle sales drop 34%.

 

FINANCIAL TIMES

[I]  Nobel Prize in economics won by trio for work on poverty

[I]  Mnuchin says tariffs may rise without China trade deal

[I]  Assad regime the big winner in Turkey-Syria chaos

[I]  China export downturn deepens on falling trade with US

[I]  Macron under pressure on security lapse

[I]  German companies seek help as Brexit fears bite

[I]  China new energy vehicle sales drop 34%

[I]  Africa must take a leading role in the data economy

 

REUTERS

[I]  India's September retail inflation quickens to 3.99%

[I]  Dollar loses steam versus yen as trade deal, Brexit hopes face reality check

[I]  BOJ's Kuroda vows further easing if price momentum lost

[I]  China wants more talks as soon as the end of October before signing Trump's 'Phase 1' deal

[I]  Barneys nears bankruptcy deal with Authentic Brands, Saks owner - sources

[I]  Indian buyers slash Malaysian palm oil purchases fearing duty hike - traders

[I]  Scrambling to limit damage, Trump tells Turkey to stop its Syria invasion

 

BLOOMBERG 

[I]  Yuan Is Key to Gauging Whether China-U.S. Deal Is Real Thing

[I]  Why Quants Think Asia’s ‘Low-Risk’ Trades Are Most Vulnerable

[I]  Singapore Joins the War on Sugar

[I]  Kuroda Is on Course to Shrink the Bank of Japan’s Bond Holdings

[I]  Zimbabwe Unveils Plan for $12 Billion in Mineral Revenue by 2023

 

WALL STREET JOURNAL

[I]  Trade Uncertainty Clouds Global Growth Prospects

[I]  Nobel Prize in Economics Awarded for Work on Poverty

[I]  Who Pays What in Taxes? The Answer Isn’t So Simple.

[I]  Give Us Your Rich, Europe Tells the U.K.

[I]  Economy Week Ahead: U.S. Retail Sales and China GDP

[I]  China, Facing Slowdown, Unlikely to Push for More Stimulus

[I]  China’s U.S. Exports Tumble as Tariffs Bite

 

BUSINESS LINE

[I]  Consumer inflation inches up close to 4% in September on costlier food items

[I]  Group insolvency resolution: UK Sinha-led panel recommends phased implementation of framework

[I]  Centre committed to upholding contractual agreements: FM

[I]  Consumer inflation inches up close to 4% in September on costlier food items

[I]  WPI inflation eases to 0.33% in September

[I]  We need to improve the tight credit situation: NITI-Aayog VC

 

ECONOMIC TIMES

[I]  Nobel laureates on free trade, growth from their forthcoming book

[I]  FM urges big firms to clear Rs 40k-cr MSME dues

[I]  Indian economy on shaky ground: Abhijit Banerjee

[I]  Banks disburse Rs 81,700 cr via loan melas

[I]  RBI-driven bond rally isn’t over, survey shows

[I]  Groundnut output likely to be 40% more than last year

[I]  India seeks checks on 50% of Chinese imports in trade pact

[I]  The challenge before new India-China trade mechanism

[I]  Private sector investment rate may decline: Kotak report

[I]  Government mulls raising Rs 1 lakh default threshold for invoking IBC: Srinivas

 

BUSINESS STANDARD

[I]  Spectrum price reform in the works: Telecom minister Ravi Shankar Prasad

[I]  Formula on cards to distribute insolvency funds: Corporate Affairs Secy

[I]  Refiners slash palm oil purchase from Malaysia fearing duty hike

[I]  Currency market eyes Chinese yuan, sees RBI reserve accumulation

[I]  Fact and reality: Why India dropped in global competitiveness ranking

[I]  A dull fiscal looms for gems and jewellery SMEs: CRISIL SME tracker

 

MARKETS (10:00 am)

[I]  SGX NIFTY Fut: 11394;  USDINR DGCX: 71.3425;  DJIA Mini: 26797;  FTSE 100 Fut: 7193;  NIKKEI 225 Fut: 22180;  EUR-USD: 1.1030; Crude Oil (WTI): 53.21;  Gold (Spot): 1494

 

Best Regards, ARBIND
15 Oct 2019