MACRO ECONOMIC NEWS

MAY WE TAKE SMALL STEPS TO LIGHTEN UP THE WORLD AROUND US. WISHING A BUOYANT DAY AHEAD.

Macro Economic News 26 Oct 2019

 

Banks' loans rise 8.8% in two weeks to October 11; deposits climb 9.8%. Slowing growth takes toll on diesel consumption to the lowest level since 2017. India hopes to finalise Saudi Arabia’s investments in its National Infrastructure Investment Fund (NIIF) during Prime Minister Narendra Modi’s visit to the country next week. European nations step up financing for Green Climate Fund. The European Union agreed to London's request for a Brexit deadline extension but set no new departure date, giving Britain's divided parliament time to decide on Prime Minister Boris Johnson's call for a snap election. London’s luxury homes take big price cuts amid Brexit bargain. The U.S. spent nearly $1 trillion more in fiscal 2019 than it took in, the highest deficit in seven years that would have been bigger without a rebound in corporate tax revenue. Hong Kong medical workers plan to rally in the heart of the city's financial centre on Saturday, angry at perceived police brutality during more than four months of sometimes violent anti-government protests.

 

FINANCIAL TIMES

[I]  Argentina’s voters set to usher Peronists back to power

[I]  Wind power has capacity to meet world’s electricity needs

[I]  France stands apart as EU weighs UK Brexit extension

[I]  South Korea caves in to US over WTO developing nation status

[I]  European nations step up financing for Green Climate Fund

[I]  US and China ‘close to finalising’ parts of trade deal

[I]  Brexit bargains: London’s luxury homes take big price cuts

 

REUTERS

[I]  U.S., China say they are 'close to finalising' part of a Phase One trade deal

[I]  Australia to settle more immigrants outside major cities

[I]  EU agrees Brexit extension but sets no date as UK squabbles over election

[I]  Tech consultations on parts of U.S. trade deal completed - China's Commerce Ministry

[I]  U.S. denies China's claim of 'weaponizing' visa decisions for Washington space meeting

[I]  Oversupply drives Asian prices down despite new demand, supply issues

 

BLOOMBERG 

[I]  China, U.S. Agree on Some Agriculture Product Regulatory Issues

[I]  Hong Kong Leads the Global IPO Market Since September

[I]  Big VIX Options Trade Braces for a 2008-Like Volatility Surge

[I]  Fisher’s Week Worsens as Goldman Joins Pensions Yanking Cash

[I]  Chile’s Popular Unrest Is a Lesson for the World

[I]  Charting the Global Economy: Draghi’s Exit, Cautious Corporates

[I]  Adventures in Brexit Wasteland Leave U.K. Bond Markets Nowhere

[I]  U.S. Consumer Sentiment Pares Gains as Economic Outlook Dims

[I]  Weaker World Trade Volumes Show Summer Tariff Escalations

 

WALL STREET JOURNAL

[I]  U.S. Deficit Hits Seven-Year High

[I]  Business Activity Slows Around the World

[I]  Fed Adds $77.3 Billion in Weekend Liquidity

[I]  Mario Draghi, Hailed as the Euro’s Savior, Leaves the ECB With the Bank Divided

[I]  Home-Improvement Boom Is Forecast to Fizzle

[I]  Newsletter: Businesses Fear U.S.-China Deal Won’t Get Past Phase One

 

BUSINESS LINE

[I]  Saudi investments in NIIF, oil sector to be finalised at PM’s visit next week

[I]  Persistent fall in cotton yarn exports raise concern

[I]  With BS-6 looming large, is this the right time to buy a car?

[I]  No slowdown blues for pre-owned car market

[I]  IMD declares formation of cyclone 'Kyarr' over Arabian Sea

[I]  Slowing growth takes toll on diesel consumption

 

ECONOMIC TIMES

[I]  What ghost cities tell us about India's economy

[I]  Forex reserve rises by $1.04 billion to $440 billion

[I]  Stubble burning up by 5% in Punjab and Haryana, but so is harvesting

[I]  Why India should start taking apples seriously

[I]  View: Credit culture needs to change

[I]  MNC tax: Delays plague mutual agreement process

[I]  Sitharaman has her task cut out as what India wants next becomes clear

 

BUSINESS STANDARD

[I]  Samvat 2075: Gold and silver give returns of 21% each, outperform equities

[I]  Dim Diwali: From watches to clothes, luxury brands get the slowdown blues

[I]  Quick-service restaurants post 5-7% rise in sales, buck the slowdown trend

[I]  Despite consumption slowdown, packaged food sector grows 14.4%: IIP data

[I]  Private equity inflows in realty up by 19% to $3.8 billion in 2019

[I]  Govt plans to remove minimum alternate tax on SEZs, boost exports

[I]  Trai wants 5 MHz spectrum in premium 700 MHz band for Indian Railways

[I]  Banks' loans rise 8.8% in two weeks to October 11; deposits climb 9.8%

 

Best Regards, ARBIND
26 Oct 2019