Gold Silver Reports (GSR) – Japan Exports Surprisingly Weak on Stronger Yen, Trade War Fears — ✅ Exports are weak, and the big factor is the weakening momentum in global manufacturing, said Hiroaki Muto, chief economist at Tokai Tokyo Research Center. “I now see a possibility it could be worse than a soft patch,” with today’s data indicating exports may be weakening as a trend.
Global Economic
How Investors Can Manage India’s 2019 Election Risk
Gold Silver Reports (GSR) – How Investors Can Manage India’s 2019 Election Risk – “Since 1991, every election has been preceded by a coalition government; hence, the market has had room to be hopeful of a stronger government,” Morgan Stanley said. “It enters the 2019 polls with a majority government already at the helm. So, it has to deal with the prospects of a weaker government at the centre.”
North and South Korea Reportedly Set to Announce Official End to War
Gold Silver Reports (GSR) – North and South Korea are in talks to announce a permanent end to their officially declared conflict, an unnamed South Korean official told the daily newspaper Munhwa Ilbo, according to Bloomberg and other U.S. news outlets picking up the report overnight. The development comes ahead of a summit next week between North Korean premier Kim Jong Un and South Korean President Moon Jae-in. Already, lawmakers from each side were reported to be negotiating the details of a joint statement that could outline an end to the confrontation.
Government Steps Up Currency Notes Printing Amid Cash Crunch
Gold Silver Reports (GSR) – Government Steps Up Currency Notes Printing Amid Cash Crunch — There is a spurt in currency demand, Economic Affairs Secretary Subhash Garg told reporters today. Additional cash is being supplied to meet the demand and Rs 500 currency notes worth Rs 2,500 crore are being printed every day, he added. That adds up to Rs 70,000-75,000 crore worth of notes in a month. Banking Secretary Rajiv Kumar had indicated earlier in the day that there is a shortage of Rs 500 notes in the system which will remain for five to seven days.
R Gandhi, Former Deputy Governor At RBI
R Gandhi, Former Deputy Governor At RBI ☄ RBI will definitely take relief measures to control the current situation ☄ Difficult to predict by when can cash shortage could be resolved. ☄ Upcoming elections, festival seasons and state government schemes few reasons for increased cash demand. ☄ Mismatch in supply-demand of currency must have …
China’s Economic Growth Remains Robust Amid Strong Retail Sales
Gold Silver Reports (GSR) – China’s Economic Growth Remains Robust Amid Strong Retail Sales — Steady growth offers support for President Xi Jinping’s mission to shore up financial stability, one of Beijing’s top goals along with reducing poverty and curbing pollution. The robust pace of expansion is a tailwind for the global economy which is seen maintaining its solid performance this year, providing needed support in the form of strong demand for China’s exports.
China, India Extend Grace Periods for Mozambique Debt Repayments
Gold Silver Reports (GSR) – China, India Extend Grace Periods for Mozambique Debt Repayments — The two countries agreed to the extensions in talks last year, Stelia Neta, deputy national director of the ministry, said in an emailed response to questions. In addition, China agreed to forgive $34 million of debt, she said.
Asia Stocks Rise as Earnings Eyed
Gold Silver Reports (GSR) – Asia Stocks Rise as Earnings Eyed – Equity markets in Japan and Australia eked out feeble gains in a muted start, while Hong Kong stocks pointed higher. Futures on the S&P 500 Index climbed. The S&P 500 Index gained to the highest in almost a month and erased its loss for the year as investors turned their focus to the earnings season after there was no immediate reprisal to the U.S.-led missile strike in Syria and trade concerns took a back seat.
Forex Intervention & Reserves
Gold Silver Reports (GSR) – Forex Intervention & Reserves — The third criteria used by the U.S. Treasury department is the only real reason why India has been included in the watch list of currency manipulators.