MACRO ECONOMIC NEWS

SPIRITUALITY IS BEING CAPABLE OF PERFORMING WORLDLY DUTIES WITHOUT ATTACHMENT TO MATERIAL POSSESSION. WISHING A DIVINE DAY AHEAD.

Macro Economic News 12 Nov 2019

 

India's industrial output fell at the fastest pace in over six years in September, adding to a series of weak indicators that suggest the country's economic slowdown is deep-rooted and interest rate cuts alone may not be enough to revive growth. The chairman of IOC said that India's diesel demand is expected to recover in the next six months as a longer-than-usual monsoon season that affected transportation and industry has ended. PE/VC investments in India during October touched $3.3 billion, continuing 2018 trend. Moody’s says tide of populism is putting world’s credit at risk. Germany’s domestic strength belies prospect of recession while UK economy dodges recession, but annual growth slowest since 2010. Australia banks face regulatory and economic shocks; China clean energy car slowdown deepens while Fed's Rosengren sees U.S. economy 'in pretty good shape'.

 

FINANCIAL TIMES

[I]  Hong Kong hit by fierce clashes after police shoot protester

[I]  Next EU chief urges bloc to boost defence capacity

[I]  West Africa moves to forefront of global war on terror

[I]  Germany’s domestic strength belies prospect of recession

[I]  Australia banks face regulatory and economic shocks

[I]  China clean energy car slowdown deepens

 

REUTERS

[I]  India's September industrial output falls to a six-year low

[I]  India's electricity demand falls at fastest pace in at least 12 years

[I]  France's Macron and Trump to meet before NATO summit - tweet

[I]  Sterling dropped by England after training ground 'disturbance'

[I]  Election gift for PM Johnson: Brexit Party stands down in Conservative seats

[I]  "Stay alert": millions of Australians brace for "catastrophic" bushfires

[I]  Exclusive: Sudan needs up to $5 billion in budget support to prevent collapse

[I]  Fed's Rosengren sees U.S. economy 'in pretty good shape'

[I]  UK economy dodges recession, but annual growth slowest since 2010

 

BLOOMBERG 

[I]  U.S. Coal Producers Plow Ahead With New Mines as Market Slumps

[I]  Merkel Opens Door to Deputy’s Plan for Europe’s Banking Union

[I]  Moody’s Says Tide of Populism Is Putting World’s Credit at Risk

[I]  Singapore Beats Out Hong Kong for Property Investment Prospects

[I]  Congo Proposes 63% Increase in Budget to $10.2 Billion

[I]  Mega Bond Sell-Off Spurs $1.2 Billion Outflow From Treasury Fund

 

WALL STREET JOURNAL

[I]  Furniture Retailers Start to Feel Tariff Pain More Acutely

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

[I]  Rising Yields Quiet Bond Market’s Key Recession Alarm

[I]  Trump Says U.S. Hasn’t Yet Agreed to Ease China Tariffs

[I]  Economy Week Ahead: German Recession Watch, U.S. Retail Sales, Powell Talks to Congress

 

BUSINESS LINE

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

[I]  I&B Ministry has sent is observations to the DPIIT which is examining the issue, an official said

[I]  Factory output contracts 4.3 per cent in September to 7-year low

[I]  Industry outlook negative for domestic auto dealerships, profitability at 5-year low : ICRA

[I]  Final decision on revising GDP base year to be taken within 2-3 months

[I]  Automobile sales continue to decline in October, except UVs

[I]  India Inc’s ECBs surge 53% in first half of fiscal year to $25 billion

[I]  China factories are exporting lower prices around the world

 

ECONOMIC TIMES

[I]  Why India can't afford to let the shadow banking sector fail

[I]  Now electricity adds to India's economic woes

[I]  Here’s govt plans to push up municipal bonds

[I]  NBFCs/HFCs to soon get Rs 20K-crore under credit guarantee scheme

[I]  Factory output shrinks 4.3%; Lowest in almost 8 years

 

BUSINESS STANDARD

[I]  Urban cooperative banks' business size may be capped at Rs 20,000 cr

[I]  Festive sales help passenger vehicles snap 11-month declining streak in Oct

[I]  Cement and steel firms hike prices as construction demand picks up

[I]  Private banks score on core operations, better control over bad debt in Q2

[I]  PE/VC investments in October touch $3.3 billion, continue 2018 trend

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 11960;  USDINR DGCX: 71.6550;  DJIA Mini: 27624;  FTSE 100 Fut: 7309;  NIKKEI 225 Fut: 23370;  EUR-USD: 1.1029; Crude Oil (WTI): 56.75;  Gold (Spot): 1457

 

Best Regards, ARBIND
12 Nov 2019