MACRO ECONOMIC NEWS

Macro Economic News 06 Apr 2017

 

FINANCIAL TIMES

[I]  Fed eyes start to balance sheet cuts this year

[I]  Trump signals tougher stance on Syria

[I]  Cambodia scraps US military aid programme

[I]  Foreign business chiefs woo Washington

[I]  Ireland’s PM Kenny in diplomatic push on Brexit

[I]  China emerges as top buyer of US crude oil

[I]  Ukrainians will finally feel benefit of reforms this year

[I]  Wall St goes into reverse as risk appetite fades

[I]  Brazil’s pension reform a crucial signal for investors

 

BLOOMBERG 

[I]  Global Shipping Fleet Braces for Chaos of $60 Billion Fuel Shock

[I]  Toronto Home Prices Just Jumped Another 33%

[I]  Trump Says He Now Has Responsibility to Respond on Syria

[I]  Investors in South Korea See Opportunity Amid Chaos

[I]  Asian Bond Rally's Fate Splits Investors After Flows Surge

[I]  Dollar Declines From Highs as Fed Favors Shrinking Balance Sheet

[I]  In Hot Debt Markets, Wall Street Shows It Can Beat Shadow Banks

 

BUSINESS LINE

[I]  UK visa restrictions will hit 30,000 Indian techies

[I]  No question of data leakage from Aadhaar system: Minister

[I]  India to flag new work visa rules, curbs on farm exports with UK

[I]  Major ports’ cargo handling up 7%; petro products drive traffic

[I]  No big changes proposed in RTI rules: govt

[I]  Govt plans to rank secondary steel makers for easier credit access

[I]  Bank deposits still a safe bet, feel investors

[I]  PE players seen replacing banks as major funding source for realty

 

ECONOMIC TIMES

[I]  IT’s fall from grace: Premium position of 15 yrs gone, stocks at deep discount

[I]  What RBI can really do to suck out the Rs 4 lakh crore excess cash from system

[I]  Commerce Ministry spent 99.45% of FY17 plan outlay, highest in 5 yrs

[I]  Higher tax mop-up gives govt Rs 15,000 crore fiscal leeway in Fy18

[I]  RBI: Currency in circulation was 74% of pre note ban era by March 31

[I]  Trade deficit with China at $46.7 billion in April-February: Government

[I]  India allows duty-free imports of 500,000 T of raw sugar: Source

[I]  20 road developers exit projects worth Rs 12,327 cr in 2 years

[I]  8 states declared drought affected, Centre allows them to offer 50 days of extra work under NREGS

[I]  Ban on cash transactions of over Rs 2 lakh not applicable for bank, post office withdrawals

[I]  Expats who stayed in India for 182 days or more must apply for Aadhaar card: CBDT

[I]  About 2.5 lakh patent applications pending: Nirmala Sitharaman

 

BUSINESS STANDARD

[I]  Card, mobile banking volumes fall, sharp rise in UPI

[I]  Pre-leased commercial space sales up 17 per cent in first quarter

[I]  Hoteliers are now investing in technology to build better customer profiles

[I]  Cascading effect of liquor ban on highways: Over 1 million jobs at stake

[I]  New rail regulator to decide on tariff, ease investment process

[I]  M&As in road sector pick up over easier exit norms: Icra

[I]  Banks want RBI to relax norms for loans to highly indebted firms

[I]  Global pension funds chase Indian infra for better returns

 

MARKETS (7.30 am)

[I]  SGX NIFTY Fut: 9242;  USDINR DGCX: 65.1625;  DJIA Mini Fut: 20545;  FTSE 100 Fut: 7209;  NIKKEI 225 Fut: 18683;  EUR-USD: 1.0680; Crude Oil (WTI): 50.91;  Gold (Spot): 1255

 

Best Regards, ARBIND

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