MACRO ECONOMIC NEWS

Macro Economic News 07 Apr 2017

 

FINANCIAL TIMES

[I]  Silicon Valley has long way to go on gender diversity

[I]  Thai constitution opens way for elections

[I]  Senate defeat raises fears over Italy coalition

[I]  India central bank attacks $5.6bn farm-loan waiver

[I]  Plan to transform China village into tech city sparks frenzy

[I]  Draghi quick to quash talk of end to negative rates

[I]  Asia forecast to drive global growth despite China slowdown

 

BLOOMBERG 

[I]  Asian Countries in Crosshairs as Trump Hunts for 'Trade Abuse'

[I]  Australia's Delayed Recession Fallout Is Showing Up in Its Jobs Data

[I]  Traders Are Worried About Chinese Local Government Debt Again

[I]  Mobius Says China Stocks Are Too Expensive

[I]  China's Local Debt Nightmare Is Getting a Rerun After Rating Cut

[I]  Investors in South Korea See Opportunity Amid Chaos

 

BUSINESS LINE

[I]  RBI keeps repo rate on hold, shifts focus to excess liquidity

[I]  GST Bills passed in Rajya Sabha without amendments

[I]  Services PMI at 5-month high in March

[I]  Govt downgrades 26 PSUs from ‘excellent’ rating

[I]  RBI nod for banks to invest in REITs hailed

[I]  Revised action plan to deal with stressed assets in the works: RBI

 

ECONOMIC TIMES

[I]  Govt adds procedural speed to its Rs 21.47-lakh-cr spending plan

[I]  Rupee scales 20-month high on RBI's growth outlook

[I]  Agriculture has unlimited scope with satellite and remote sensing technologies: Minister

[I]  Households expect prices to rise faster, says RBI survey

[I]  RBI projects inflation to rise to 5%

[I]  India's growth to accelerate to 7.4 per cent in 2017-18: ADB

[I]  Meet on India to bring business leaders, policy makers to NY

[I]  Banks will have to deal with bad loans, no more forbearance: says Urjit Patel

[I]  More outsiders needed in governance: CEA Arvind Subramanian

[I]  RBI governor takes a subtle dig at farm loan waivers, says it impacts credit discipline

 

BUSINESS STANDARD

[I]  Extended cut-off dates hurt crop insurance scheme

[I]  Farm loan waiver engenders a moral hazard, says Urjit Patel

[I]  RBI surprises with reverse repo hike

[I]  More wind in the sails for green energy

[I]  ADB scales down India's growth to 7.4% for FY18

[I]  RBI intends to bring excess liquidity to neutral position

[I]  RBI promises more effective steps to tackle NPA pains

[I]  Inflation is elevated compared to where we want it to be: Urjit Patel

[I]  Cash management bills, reverse repo to take care of excess liquidity

 

MARKETS (7.30 am)

[I]  SGX NIFTY Fut: 9223;  USDINR DGCX: 64.7375;  DJIA Mini Fut: 20508;  FTSE 100 Fut: 7220;  NIKKEI 225 Fut: 18667;  EUR-USD: 1.0660; Crude Oil (WTI): 52.69;  Gold (Spot): 1268

 

Best Regards, ARBIND

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