MACRO ECONOMIC NEWS

TIME IS TO THANK UNIVERSE FOR ALL GOOD THINGS IN LIFE. WISHING YOU A GIFTED DAY AHEAD.

Macro Economic News 09 Oct 2019

                                                                                                                                                           

New International Monetary Fund Managing Director Kristalina Georgieva issued a stark warning about the state of the global growth, saying trade conflicts had thrown it into a "synchronized slowdown" and must be resolved. IMF staffs are to examine consequences of negative rates. Federal Reserve chairman Jerome Powell on Tuesday flagged openness to further rate cuts to fend off global economic risks, repeating that the central bank will act "as appropriate" amid an economy that he said is likely to continue to expand; will soon increase its purchases of short-term Treasury securities. Countries and companies across the globe boosted their issuance of new bonds while increased geopolitical turmoil whipsawed stock and debt markets in recent months. Growth of global value chains has stalled amid trade conflicts - World Bank. Productivity is stagnant despite global stimulus - WEF. Expectations for Europe's third-quarter earnings season deteriorate again.

 

FINANCIAL TIMES

[I]  China’s leading AI start-ups hit by US blacklisting

[I]  Central bank easing soars to a decade high

[I]  IMF staff to examine consequences of negative rates

[I]  Drought and mismanagement push Zimbabwe to brink of famine

[I]  Consumers remain resilient despite economic gloom

[I]  Brussels plays for time as UK goes on the attack

[I]  Failure of Indian co-operative bank stokes fear of ripple effects

 

REUTERS

[I]  Sterling soft, dollar drifts lower as trade hopes fade

[I]  Fed's Powell says U.S. expansion is 'sustainable'

[I]  U.S. visa move against China casts pall over talks to end trade war

[I]  Growth of global value chains has stalled amid trade conflicts - World Bank

[I]  Productivity stagnant despite global stimulus - WEF

[I]  Expectations for Europe's third-quarter earnings season deteriorate again

 

BLOOMBERG 

[I]  Trouble Is Brewing in the Darkest Corner of China’s Shadow Banking

[I]  U.S. Loses Top Spot to Singapore in Competitiveness Rankings

[I]  Indians Are Going to the Movies to Escape Slowing Economy, Cinema Owner Says

[I]  Repo Rout Didn’t Have to Happen. Powell Is Trying to Avoid Rerun

[I]  RBNZ Needs to Better Explain Bank-Review Benefits, Treasury Says

[I]  Central Banks Are Nearing ‘Reversal Rates’ as Global Growth Slows

[I]  Warning Signs Flash For Muni Bondbuyers Chasing Riskiest Debt

[I]  U.S. Farm Struggle Not So Bad Unless You Have Cows, Analyst Says

[I]  Banks Warned Over Failure to Move Employees in Time for Brexit

 

WALL STREET JOURNAL

[I]  Fed to Buy More Treasurys in Effort to Avoid Funding-Market Strains

[I]  IMF and World Bank’s New Leaders Warn of Deteriorating Global Outlook

[I]  U.S. Producer Prices Unexpectedly Declined in September

[I]  China, Blue-Chip Companies Drive Bond Boom

[I]  Germany’s Apprentice Challenge: Finding Young Applicants

[I]  U.S. Adds Chinese Firms to Blacklist

 

BUSINESS LINE

[I]  India may not reap geopolitical dividends from ISA: Study

[I]  WTO fisheries talks this week to bridge differences

[I]  India Inc increasingly looks abroad for funds

[I]  Trucking industry in need of a lifeline, not just GST rate cut, say players

[I]  Coking coal shipments rise 15% at 12 ports in Apr-Sep

 

ECONOMIC TIMES

[I]  Bankruptcy cases could become less stressful

[I]  View: Iraq may be the next flash point for crude oil market

[I]  Coking coal shipments rise 15% to 29 MT at 12 state-run ports in Apr-Sept

[I]  Business financing drops by 87% in April-September

[I]  Time-bound e-bidding to speed up IBC resolution

[I]  No more tense meets with taxman

 

BUSINESS STANDARD

[I]  US using trade deals to shield tech giants from foreign regulations

[I]  One sector that's looking up: Airlines are buying planes, slashing prices

[I]  Slowdown in infrastructure and real estate projects hits equipment demand

[I]  Brands, corporates should look at rural India's aspirations as opportunity

[I]  Centre launches project to integrate renewable power with national grid

[I]  Banks may bear the brunt as real estate sector's troubles continue

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11135;  USDINR DGCX: 71.3600;  DJIA Mini: 26205;  FTSE 100 Fut: 7133;  NIKKEI 225 Fut: 21450;  EUR-USD: 1.0964; Crude Oil (WTI): 52.46;  Gold (Spot): 1505

 

Best Regards, ARBIND
09 Oct 2019