MACRO ECONOMIC NEWS

Macro Economic News 23 Jan 2017

 

FINANCIAL TIMES

[I]  China clamps down on banks moving currency overseas

[I]  ‘Trump rally’ at crossroads as markets await clarity

[I]  May set for ‘frank’ discussions with Trump

[I]  Trump first strike on Obamacare raises tensions

[I]  ECB steps up warning on euro clearing after Brexit

[I]  China’s reliance on exports poised to fall below that of India

[I]  UK dividends hit record after pound devaluation

[I]  Asset managers to face tougher systemic risk tests

[I]  China braced for impact of property slowdown

 

BLOOMBERG 

[I]  China Slams Western Democracy as Flawed

[I]  China Signals Readiness to Cooperate With Trump

[I]  The Dollar’s Trump Trade Approaches an Inflection Point

[I]  OPEC Shrugs Off Threat of U.S. Cutting Oil Imports

[I]  OPEC and Friends Agree on Way to Monitor Oil Cut to End Glut

[I]  Theresa May Gets Another Brexit Headache Amid Brussels Upheaval

[I]  U.K. Lawmakers Mull Steps to Halt Hard Brexit, Observer Reports

[I]  Hong Kong Has the World’s Least Affordable Homes

[I]  The Most Expensive Major Cities Are All in Asia

[I]  President Trump Promises ‘Good Results’ From Nafta Talks

[I]  Australia Opens Talks With U.K. Over Trade Deals Ahead of Brexit

[I]  Yellen Backs Gradual Rate Rises as Fed Not Behind the Curve

 

BUSINESS LINE

[I]  A double whammy for FPIs from April

[I]  Printing cost: Rs. 3 for Rs. 500 note, Rs. 3.5 for Rs. 2,000

[I]  Clarity needed on taxes on royalty, profit share

[I]  Coal sector looking for greater budgetary spend on safety

[I]  Resale prices down 30% as realty sector feels the heat

[I]  Global economy on a tightrope walk

 

ECONOMIC TIMES

[I]  Govt sets rules for 20 'World Class Institutes'

[I]  Opec, non-Opec producers meet to discuss compliance with oil cut deal

[I]  Indian bonds emerge as the best performers in Asia in 2016: Nomura

[I]  'Singapore most favoured destination to invest for Indian companies'

[I]  'Note ban has caused Rs 20,000-50,000 per acre loss to farmers'

[I]  Gold imports shrink 32 per cent to USD 17.7 billion in Apr-Dec 2016

[I]  India may face pressure to open up ecommerce sector

[I]  November IIP 'false positive', doesn't reflect reality: Crisil

[I]  India's consumption growth de-risks it from global uncertainty: KV Kamath

[I]  GDP may further slow down if GST implemented in hurry: Tax officials to FM Arun Jaitley

 

BUSINESS STANDARD

[I]  Budget may skip big-bang route

[I]  Demonetisation ruffles feathers of early birds

[I]  Persistent Systems to cut campus hiring to one-fourth in FY18

[I]  2016 saw VC deals rise in Indian healthcare-IT sector; amount raised falls

[I]  OMCs may recoup card charges at motor fuel outlets through price hikes

[I]  India-US merchandise trade: With Trump at helm, India keeps fingers crossed

[I]  Experts see fund crunch as reason for rising rail mishaps

[I]  Major announcements on indirect taxes unlikely in Budget

 

MARKETS (7.00am)

[I]  SGX NIFTY Fut: 8355;  USDINR DGCX: 68.1475;  DJIA Mini Fut: 19716;  FTSE 100 Fut: 7115;  NIKKEI 225 Fut: 18957;  EUR-USD: 1.0728; Crude Oil (WTI): 52.42;  Gold (Spot): 1217

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/