MACRO ECONOMIC NEWS

Macro Economic News 01 Feb 2017

 

FINANCIAL TIMES

[I]  Trump aide accuses Germany of currency exploitation

[I]  India expects growth uptick after cash crackdown

[I]  UK’s migrant tech entrepreneurs hit by Trump ban

[I]  Brussels hits out at ‘worrying’ words by Trump

[I]  Eurozone’s economic recovery picks up speed

[I]  Republicans to start rapid rollback of Obama regulations

[I]  Bank of Japan forecasts Trump boom for economy

[I]  US investor class action filings hit 20-year high

 

BLOOMBERG 

[I]  Dollar Hits 12-Week Low on Trump, Nikkei to Slide: Markets Wrap

[I]  N.Z. Jobless Rate Unexpectedly Rises as Workforce Swells

[I]  WSJ to Cut Jobs in Europe, Asia Bureaus of Paper, Union Rep Says

[I]  Trump Trade Risk Causes Anxiety Among Asia's Next Economic Tigers

[I]  Pacific Camp Refugee Deal in Doubt as U.S. Holds Back Support

[I]  Changing U.S. Immigration Rules Loaded With Economic Baggage

[I]  Kuroda on Cruise Control Belies Risks Trump Poses for BOJ

 

BUSINESS LINE

[I]  Economic Survey sets the tone for bold and reform-oriented Budget

[I]  CSO puts 2015-16 GDP growth at 7.9 per cent

[I]  India’s rising exports could boost GDP by 1%

[I]  Universal Basic Income is a radical idea, but has to be implemented gradually: CEA

[I]  Develop robust means to identify beneficiaries, say economists

[I]  Survey GDP growth numbers more credible than those put out by CSO

[I]  Call to bring real estate under GST

[I]  Note-ban impact: real GDP to take 0.25-0.5 percentage point hit

[I]  Farm growth rebounds 4.1% on good monsoon

[I]  Core sector logs 5.6% growth in Dec

 

ECONOMIC TIMES

[I]  Economic Survey fails to lift sentiment ahead of Budget; capital market tax to fuel selloff

[I]  OPEC achieves 82% of pledged oil output cut in January - survey

[I]  Economic Survey stokes fears of higher duty on gold jewellery

[I]  Rupee hits 3-week high ahead of Economic Survey, Union Budget

[I]  Black money: It could be Rs 3 lakh crore or Rs 7.3 lakh crore, says Economic Survey

[I]  Subsidy bill up by 5 per cent in April-November 2016: Economic Survey

[I]  Economic Survey calls for need to set up government owned ARC to revive economy

[I]  Inflation to be below 5% in FY17, trend to continue: Economic Survey

[I]  Economic Survey pitches for more local tax on property

[I]  Rs 2 lakh crore for development of highways in Madhya Pradesh: Nitin Gadkari

[I]  Highways construction, cargo, power-gen record growth: Survey

[I]  Replacing PDS with DBT shows mixed results in Economic Survey

[I]  Economic Survey proposes asset reconstruction agency to deal with NPAs

[I]  CEA Arvind Subramanian estimates basic income for the poor: Rs 7,620 p.a.

[I]  Macro fundamentals create platform for sustained growth: President Pranab Mukherjee

 

BUSINESS STANDARD

[I]  US visa tremors rock Indian information technology

[I]  Economic Survey: Return to realism

[I]  Indian pharma industry fears tougher US stance on IP

[I]  Arvind Panagariya pegs economic growth at 7 to 7.5% in FY18

[I]  Credit to industry shrinks 4.3% in December quarter

[I]  President lauds note ban, surgical strikes; favours joint polls

[I]  India Inc's biz confidence hit post note ban as sales plunge

[I]  Fiscal deficit in April-December hits 94% of budget target

[I]  India's demographic dividend to peak by 2020: Economic Survey

[I]  Economic Survey makes a strong case for Universal Basic Income

 

MARKETS (7.30am)

[I]  SGX NIFTY Fut: 8600;  USDINR DGCX: 67.7225;  DJIA Mini Fut: 19798;  FTSE 100 Fut: 7057;  NIKKEI 225 Fut: 19036;  EUR-USD: 1.0791; Crude Oil (WTI): 52.71;  Gold (Spot): 1207

 

Best Regards, ARBIND

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