MACRO ECONOMIC NEWS

THE PROMISING AUSPICIOUS DAY IS BLESSING YOU WITH FORTUNE, FAVOUR AND ABUNDANCE. WISH YOU A PROMISING DAY AHEAD.

Macro Economic News 08 Oct 2019

                                                                                                                                                           

Thousands of climate-change protesters took to the streets in cities around the world, launching two weeks of peaceful civil disobedience to demand immediate action to cut carbon emissions and avert an ecological disaster. Global economic gloom spreads despite jobs strength. World Bank joins warning about dimming global growth prospects. German recession looms as industrial orders drop more than expected. China's services sector grew at its slowest pace in seven months in September despite a strong increase in new orders, as operating expenses continued to rise at the end of the third quarter. The British government is preparing for Brexit negotiations to end this week. Federal Reserve Chairman Jerome Powell highlighted the importance of an independent central bank, amid steady criticism. U.S. Consumer credit tops forecast on non-revolving debt. Afghanistan braces for political uncertainty in election's wake.

 

FINANCIAL TIMES

[I]  Brexit red tape bill of £15bn for UK-EU trade under no-deal

[I]  Global economic gloom spreads despite jobs strength

[I]  Italy revels in bond rally to bring down debt costs

[I]  Brazil tells rich countries to pay up to protect Amazon

[I]  EU antitrust chief signals further US tech clampdown

[I]  Japan data point to bigger than expected sales tax hit

 

REUTERS

[I]  China joins Asian shares in cautious advance ahead of trade talks

[I]  Afghanistan braces for political uncertainty in election's wake

[I]  'Sorry, this is an emergency': Climate protesters block streets around the world

[I]  China services sector growth falls to 7-month low - Caixin PMI

[I]  British government prepares for Brexit negotiations to end this week - Spectator magazine

[I]  German recession looms as industrial orders drop more than expected

 

BLOOMBERG 

[I]  To Escape Low-Yield Badlands, South Korean Insurer Goes Global

[I]  Big Oil Is Selling Its Dirty Assets, But They Aren’t Going Away

[I]  Hedge Funds Post the Best Performance This Year Since 2013

[I]  World Bank Joins Warning About Dimming Global Growth Prospects

[I]  U.S. Consumer Credit Tops Forecast on Non-Revolving Debt

[I]  Central Banks Happy With Their Efforts Amid Negative Rate Debate

 

WALL STREET JOURNAL

[I]  Fed Chair Powell Underscores Importance of Independent Central Bank

[I]  Fed’s George: U.S. Economy Is in ‘Good Place’

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

[I]  Fed Chairman Says U.S. Economy Is ‘In a Good Place’ Despite Some Risks

[I]  Economists Wonder How Low U.S. Unemployment Can Go

[I]  Social Security Debate Shifts to Bigger Checks

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

 

BUSINESS LINE

[I]  India gets first tranche of Swiss account details under automatic exchange framework

[I]  Faceless e-assessment scheme for taxpayers launched

[I]  India’s electric vehicle sales face challenges of affordability, charging

[I]  Flying taxis in Singapore to test cleaner, quieter sky ride

 

ECONOMIC TIMES

[I]  India is a step closer to drone deliveries

[I]  Why manufacturers are not rushing into India

[I]  Food grain output seen at 140.57 million tonne in FY20 on monsoon boost

[I]  India, US close to trade deal

[I]  Southeast Asia’s net economy to top $100 billion this year

[I]  Trade War: Why manufacturers are not rushing into India, Indonesia

[I]  Govt sets up high-level panel to check money laundering activities

 

BUSINESS STANDARD

[I]  Stock mkt more polarised after tax cut; 91% of gains cornered by 13 firms

[I]  Global investors and developers flock to 'forward purchase deals'

[I]  Corporation tax cut benefit unlikely for 90% manufacturing companies

[I]  FCI to be under a pile of Rs 3.3 trn outstanding subsidy and loans by FY20

[I]  Slowdown impact: UP July industrial output falls 3.6% as mining, mfg drag

[I]  Monetary policy: Here's how low interest rates can go after 5 cuts in a row

[I]  Mutual fund industry sees tepid growth in the September quarter

 

MARKETS (09:00 am)

[I]  SGX NIFTY Fut: 11164;  USDINR DGCX: 71.1900;  DJIA Mini: 26520;  FTSE 100 Fut: 7183;  NIKKEI 225 Fut: 21610;  EUR-USD: 1.0975; Crude Oil (WTI): 53.09;  Gold (Spot): 1492

 

Best Regards, ARBIND
08 Oct 2019