MACRO ECONOMIC NEWS

Macro Economic News 02 Feb 2017

 

FINANCIAL TIMES

[I]  Research analysts culled at top investment banks

[I]  Fed stays the course on rates as outlook improves

[I]  Trump devaluation claims raise fear of currency war

[I]  Ethiopia claims success in quelling wave of unrest

[I]  US to ‘leapfrog’ world with tax reform, says Brady

[I]  India unveils budget aimed at reviving demand

[I]  Fintech fears dilution of EU ‘open banking’ rules

[I]  Banks warn Trump will be tough on money laundering

[I]  Oil market waits for Opec-shale tug of war to end

 

BLOOMBERG 

[I]  Fed Nods to Improved Sentiment While Leaving Rates Unchanged

[I]  Saudi Arabia Plans the World’s Cheapest Power With Solar and Wind

[I]  Fed Waits to See Economic Results From Trump Actions

[I]  Modi Reaches Out to Indians With Tax Cuts Before State Polls

[I]  Macau Gaming Growth Misses Estimate With Slow Holiday Start

[I]  India Plans to Create Oil Giant by Integrating State-Run Firms

[I]  India to Inject $1.48 Billion of Capital Into State-Run Lenders

 

BUSINESS LINE

[I]  Start-ups get two more years of tax holiday

[I]  Defence budget sees 10% rise even as MoD spends less than allocated

[I]  Assuaging foreign investors

[I]  Staying the course on fiscal consolidation

[I]  Finance Minister dreams big with CPSEs

[I]  Integration of spot, derivative market to boost agri eco-system

[I]  Lack of reduction in corporate tax a matter of concern

 

ECONOMIC TIMES

[I]  Budget 2017: PEs feel long term capital pain

[I]  Rupee remained competitive in REER terms: Eco Survey

[I]  Masala bonds to get more tax benefits

[I]  Farmers unhappy over linking of MNREGA with water conservation works in Budget

[I]  India's 2016 Iran oil imports hit record high

[I]  Government to launch new scheme to fund export infrastructure

[I]  Government keen on labour reforms for ease of doing business: Arun Jaitley

[I]  Fiscal deficit to be contained at 3.2% in FY18: Arun Jaitley

[I]  Budget gives infra status to affordable housing, pledges to build 1 cr rural houses by 2022

[I]  Govt proposes to increase coverage under Fasal Bima Yojana

 

BUSINESS STANDARD

[I]  Arun Jaitley attempts a clean-up job in Budget 2017

[I]  Giving away powers is the idea behind liberalisation, says Arun Jaitley

[I]  Government borrowing target fails to enthuse market

[I]  Govt spend to lead infrastructure sector, private investment to wait

[I]  Little in Budget for stress loan-laden banks

[I]  Infra spotlight: Little help from govt rejig of plan, non-plan expenditure

[I]  High on announcements, low on allocations for agriculture

 

MARKETS (7.30am)

[I]  SGX NIFTY Fut: 8708;  USDINR DGCX: 67.5500;  DJIA Mini Fut: 19784;  FTSE 100 Fut: 7041;  NIKKEI 225 Fut: 19065;  EUR-USD: 1.0778; Crude Oil (WTI): 53.61;  Gold (Spot): 1207

 

Best Regards, ARBIND

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