MACRO ECONOMIC NEWS

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Macro Economic News 13 Nov 2019

 

Ignoring women customers costs the financial sector $700 billion a year. The US Fed has just added $112 billion to financial markets. Tariffs are emerging as the main stumbling block in efforts by the U.S. and China to come to a limited trade deal, a month after the two countries called a truce in their trade war. President Trump is counting on a strong economy carrying him to re-election. But the economy may have little bearing on how Americans vote next year. New Zealand Unexpectedly Holds Interest Rates while Italy banks rush to profit from ECB negative rates. Global car slowdown hits German industrial groups. UK jobs fall by most in over four years as election nears. Indian govt is in talks with several States to dismantle the Agricultural Produce Market Committees (APMCs) and move on to eNAM. SBI and Economists estimate India's July-September GDP growth at 4.2-4.7%.

 

FINANCIAL TIMES

[I]  Merkel urges EU to seize control of data from US tech titans

[I]  Hong Kong police warn city on ‘brink of total collapse’

[I]  BofA survey shows investor rush back into risk

[I]  Violence strains Mexico’s relationship with the US

[I]  Trump threatens escalation of trade war with China

[I]  Italy banks rush to profit from ECB negative rates

[I]  Dollar shortage threatens Lebanon’s banks

[I]  Global car slowdown hits German industrial groups

 

REUTERS

[I]  BRICS summit marks recovery of China-Brazil relations

[I]  NZ keeps interest rates unchanged, dashing easing expectations

[I]  Automakers expect Trump will delay decision on imposing EU, Japan auto tariffs

[I]  Chances of no-deal Brexit fall as PM Johnson's hopes rise -Reuters poll

[I]  Chile's finance minister calls for return to 'normality' as peso slides

[I]  Bolivia battles to restore stability as fallen Morales reaches Mexico

[I]  World's energy watchdog is undermining climate change battle, critics say

[I]  French fourth-quarter GDP growth will slip to 0.2%, Bank of France estimates 

[I]  German investor sentiment rises on trade developments, ZEW reports 

[I]  UK jobs fall by most in over four years as election nears

 

BLOOMBERG 

[I]  Global Oil Demand to Hit a Plateau Around 2030, IEA Predicts

[I]  Brutal Cuts to U.K. Local Services Are Laid Bare as Austerity Ends

[I]  Trump Threatens Substantially More Tariffs If No China Deal

[I]  New Zealand Unexpectedly Holds Interest Rates; Kiwi Jumps

[I]  Rising Onion Prices Fueling India Inflation, Not Rates

[I]  Japan’s Shopping Blitz Likely Drove GDP by Less Than in 2014

[I]  Libor’s Demise Will Upend How Hugely Popular Derivatives Work

[I]  Corporations Pile Into Bond Market as Borrowing Costs Drop

[I]  Australia’s Booming ETF Market Just Hit a Speed Bump

 

WALL STREET JOURNAL

[I]  Tariffs on China Imports Emerge as Hurdle to Trade Deal

[I]  ‘It’s Not the Economy Anymore, Stupid’

[I]  Fed Adds $111.909 Billion in Temporary Liquidity to Markets

[I]  Proposed Bill Aims to Limit Consumer Loan Rates to 36%

[I]  West Coast Imports Plunge as Tariffs Hit Consumer Goods

[I]  Fed’s Harker Says October Rate Cut Wasn’t Needed

[I]  Clarida: Lowering Inflation Created New Challenges for Central Banks

[I]  Newsletter: Piling Up Debt

 

BUSINESS LINE

[I]  States should scrap APMCs and move on to eNAM: FM

[I]  Ignoring women customers costs the financial sector $700 billion a year

[I]  Government to decide on fate of digital media companies with FDI higher than 26 per cent

[I]  States should scrap APMCs and move on to eNAM: FM

[I]  Industry outlook negative for domestic auto dealerships, ...

 

ECONOMIC TIMES

[I]  Shadow banks put lending on shaky grounds

[I]  Only keys can open stolen car cover claims

[I]  Non-PE backed IPOs shine a shade brighter than PE-backed firms on debuts

[I]  Investors press exit button; withdraw money from gold ETFs in Oct to book profit

[I]  RBI becomes net buyer of dollars in Sept, bought $5.61 billion

[I]  Expansion of bank membership on agenda of BRICS Summit

[I]  GDP may grow at 4.2% in Q2 :SBI

[I]  Government to ensure farmers get right price with the formation of producer organisations

 

BUSINESS STANDARD

[I]  Delhi 'blinks green' as the fastest air cargo hub among India's metros

[I]  Govt's Rs 25,000-cr realty fund may see some 'structural challenges'

[I]  Premium realty players flock to affordable housing as prices rationalise

[I]  Economic slump, falling electricity demand hit power-generating units

[I]  Economists estimate India's July-September GDP growth at 4.2-4.7%

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 11960;  USDINR DGCX: 71.6550;  DJIA Mini: 27605;  FTSE 100 Fut: 7322;  NIKKEI 225 Fut: 23330;  EUR-USD: 1.1014; Crude Oil (WTI): 56.75;  Gold (Spot): 1458

 

Best Regards, ARBIND
13 Nov 2019