MACRO ECONOMIC NEWS

Macro Economic News 19 Apr 2017

 

FINANCIAL TIMES

[I]  N Korea brinkmanship opens policy debate in China

[I]  May calls snap poll to strengthen Brexit hand

[I]  General election raises fresh questions for Labour

[I]  May seeks mandate to deliver Brexit on her own terms

[I]  IMF forecasts higher growth despite protection risk

[I]  US Treasury chief seeks to allay fears over Trump

[I]  Australia axes foreign skilled worker visa scheme

[I]  China car recalls tilt heavily to foreign brands

[I]  US inflation expectations at lowest levels for 2017

 

BLOOMBERG 

[I]  Japan 10-Year Yield Falls to Zero for First Time in Five Months

[I]  Alcohol Ban Another Drain on India's Already Weak State Finances

[I]  Goldman Sees Buyer Interest in Australia as Economy Diversifies

[I]  U.K. Assets Give Early Confidence Vote as May Calls Election

[I]  Citi Sees Oil Surging $10 as OPEC Combats Roaring U.S. Shale

[I]  H-1B Applications Drop as U.S. Employers Anticipate Reforms

[I]  China's $8.5 Trillion Shadow Bank Industry Is Back in Full Swing

[I]  China Carmakers May Be 'Destroyed' If Foreign Venture Cap Lifted

[I]  BOJ Is Considering Slight Cut to Its Inflation Estimate

[I]  Follow $17 Trillion of Fund Money to See Reflation Trade Retreat

 

BUSINESS LINE

[I]  IMD predicts ‘normal’ South-West monsoon

[I]  Nowhere to go: Australia, too, tightens work visa rules

[I]  Banks want FinMin to foot Rs. 1,500-cr demonetisation bill

[I]  IMF retains India’s growth forecast at 7.2% for FY18

[I]  Poll vault: British Prime Minister announces elections on June 8

[I]  Four sectors created fewer jobs in July-Sept 2016

[I]  At Fund-Bank meetings, India to flag protectionism’s impact on global recovery

[I]  NBFCs want loan repayments exceeding Rs. 20,000 to also be allowed in cash

[I]  RBI asks banks to raise provisioning rates for telecom sector loans

 

ECONOMIC TIMES

[I]  Modi govt to lend Rs 1-L loan each to 8.5 cr poor households at lower interest rates

[I]  Sterling hits 8-week high versus euro on French election worries

[I]  India jumps to 8th place on Global FDI Confidence Index

[I]  IMF pegs India's growth at 7.2% in FY18 ahead of China's 6.6%

[I]  Decreased labour productivity seen in Asia; India an exception: Report

[I]  Note ban shrinks securitisation in MFI by 79% in H2 of FY17'

[I]  CPI inflation seen at 4.8% in FY18, fears exaggerated: Report

[I]  Government planning an easy credit scheme for rural households

[I]  Anti-dumping duty likely on a chemical import from 6 nations

[I]  Aadhaar must for joining boards, filing cos' returns

[I]  Reliance Jio to offer 15% discount on AirAsia tickets to its users: Report

[I]  Four lakh companies face deregistration for not filing Income Tax returns

 

BUSINESS STANDARD

[I]  IMD's normal monsoon forecast lifts business sentiment

[I]  RBI raises provisioning on telecom loans

[I]  Firms with rural exposure feel buoyant as IMD predicts normal monsoon

[I]  Indian CEOs prefer to cut costs to fuel growth: PwC survey

[I]  Data privacy rules to be ready by August-September

[I]  Normal monsoon forecast: Experts see 10% divergence to short duration crops

[I]  PM Modi calls Niti Aayog governing council meet on Sunday

[I]  IMF revises India's growth forecast to 6.8% in FY17

 

MARKETS (6.45 am)

[I]  SGX NIFTY Fut: 9118;  USDINR DGCX: 64.6800;  DJIA Mini Fut: 20444;  FTSE 100 Fut: 7063;  NIKKEI 225 Fut: 18422;  EUR-USD: 1.0727; Crude Oil (WTI): 52.37;  Gold (Spot): 1288          

 

Best Regards, ARBIND

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