MACRO ECONOMIC NEWS

Macro Economic News 13 Apr 2017

 

FINANCIAL TIMES

[I]  Brexit risks pushing UK out of EU space contracts

[I]  Trump sends dollar down with warning buck too high

[I]  Trump labels North Korea ‘menace’ after phone call with Xi

[I]  Real hit as Brazil court orders new corruption probes

[I]  Beijing bans home ads touting returns or feng shui

[I]  China’s coal-conversion plants surge back to life

[I]  IMF warns of protectionist risk to global recovery

[I]  Zimbabwe to allow goats, cows and sheep as bank collateral

[I]  Fears mount over US construction boom

 

BLOOMBERG 

[I]  RBA Intensifies Alert on Household Debt, Property Market Risks

[I]  Singapore Sticks to Neutral Monetary Policy as GDP Contracts

[I]  Pricey Indian Stock Valuations Widen Premium Over Peers

[I]  Australian Employment Surges in March on Full-Time Jobs Rebound

[I]  Sorry Australia, Americans Prefer Pricier New Zealand Wines

[I]  China's Silk Road Push in Pakistan Edges Out U.S. Investments

[I]  Australia's Labor Market Remains Key to RBA Policy

[I]  Bank of Korea Holds Rate Steady, Sees Slightly Faster Growth

[I]  Buyers in World’s Biggest Oil Market Get a Free Flow of Crude

[I]  India Gets Record Low Bid to Build Solar Power, Minister Says

 

BUSINESS LINE

[I]  Lower fiscal deficit to 2.5% by FY23: NK Singh committee

[I]  Australian storm may fuel steel price hike in India

[I]  PAC pitches for reducing Centre’s contribution to EPFO pension fund

[I]  No 2nd chance for start-ups that did not get tax sops

[I]  Manufacturing drags IIP down to 4-month low in Feb

[I]  RBI proposes simplified forex hedging facility

[I]  For banks, asset quality pressure likely to continue this fiscal: ICRA

 

ECONOMIC TIMES

[I]  Sebi plans to make monitors mandatory for IPOs up to Rs 500 crore

[I]  IPO mania set to hit Dalal Street: Govt identifies 6 PSUs to list on bourses

[I]  Investing lessons from Mahabharata: It’s okay to earn less, but not okay to lose it all

[I]  Yen hits multi-month highs as risk-off mood persists

[I]  Most Asian currencies rise as geopolitical concerns ease

[I]  Haryana government to promote micro irrigation by providing incentives to farmers

[I]  Onion farmers suffered losses of Rs 1,336 crore in 2016-17

[I]  India asks US to relax norms for greater access to mangoes

[I]  Global trade to pick up pace this year, WTO pegs growth at 2.4% in 2017

[I]  Core consumer price inflation seen at 4.8-4.9% in March

[I]  Individuals could cover exchange rate risk up to $30 million: RBI draft guidelines

[I]  Cabinet orders winding up government’s procurement department, to replace with e-marketplace

[I]  Finance Ministry sets up panel to take stock of virtual currencies

 

BUSINESS STANDARD

[I]  FRBM panel sets 2.5% fiscal deficit target by FY23

[I]  Cyber breaches have cost shareholders billions since 2013

[I]  E-commerce firms should look at profitability, not valuation: Deepak Parekh

[I]  Detergent prices to rise as chemical duty kicks in

[I]  The sooner bad bank is set up, the better it is for India: Henry Kravis

[I]  Higher fuel prices drive up March CPI to five-month high at 3.81%

[I]  Govt rejects Apple's demands for tax exemptions

[I]  Industrial output fell 1.2% in Feb on poor show in capital goods

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 9202;  USDINR DGCX: 64.6325;  DJIA Mini Fut: 20498;  FTSE 100 Fut: 7274;  NIKKEI 225 Fut: 18345;  EUR-USD: 1.0674; Crude Oil (WTI): 53.09;  Gold (Spot): 1287          

 

Best Regards, ARBIND

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