MACRO ECONOMIC NEWS

Macro Economic News 02 May 2017

 

FINANCIAL TIMES

[I]  Japan uses new defence law to escort US vessel

[I]  S Africa’s Zuma leaves May Day rally after boos from crowd

[I]  UK hits out at Brussels after Brexit meeting leak

[I]  Hardliners urge Kremlin crackdown on social media

[I]  Fed edges towards talk of shrinking its balance sheet

[I]  Congress leaves battle over wall for another day

[I]  Spanish bad debt comes good for US private equity

[I]  Carmakers grapple with China’s electric vehicle drive

[I]  Wall St fear gauge at lowest level since before crisis

[I]  China can suck in Asian exports only for so long

 

BLOOMBERG 

[I]  British Business Lays Outs Election Demand for Good Brexit Deal

[I]  Buffett's $86 Billion Cash Pile Has Some Dreaming of a Huge Deal

[I]  Consumer Spending in U.S. Stalls in March

[I]  OPEC May Need to Extend Production Cuts to End of Next Year

[I]  Philippine Peso and Malaysian Ringgit Finally Spur Equity Gains

[I]  China's Markets and Economy Are Going in Different Directions

[I]  TPP Nations Meet in Canada to Discuss Fate of Pact Without U.S.

[I]  China Scores Tacit Victory at Southeast Asian Leaders' Meeting

[I]  Biggest Gold Miner ETF Just Saw Largest Outflows on Record

[I]  Mongolia Expects IMF Bailout to Happen 'Soon' After Postponement

[I]  Chinese Investment in Australia Surges 11.7% as Deals Hit Record

[I]  Australia's Red Hot Housing Market Shows First Signs of Slowing

 

BUSINESS LINE

[I]  Sun shines on $300-billion global fund for clean energy

[I]  India, Turkey fail to reach consensus on tackling terror

[I]  Petrol pumps selling non-oil products must enrol for GST: Adhia

[I]  Foundry industry seeks government support to tackle growing imports

[I]  Real-estate firms mull setting up special team to comply with RERA

[I]  India to screen 2.5 million people this month for hypertension

[I]  We’re trying to make machines do things that are repetitive: Microsoft’s Norm Judah

[I]  Agri exports rise despite dip in buffalo meat, basmati shipments

[I]  RBI cannot escape responsibility for banks’ bad loans: employees’ body

 

ECONOMIC TIMES

[I]  China factory gauge declines from a near five-year high

[I]  It looks like oil's big American glut is resting elsewhere

[I]  Oil prices inch down on China economy worries, but OPEC cuts support

[I]  Domestic PE investments rising; this year may set new benchmark

[I]  Agrarian crisis: Serious drought looms large over South India

[I]  Sovereign Ratings Upgrade due despite weak government finances: DBS

[I]  Government to meet 3.5% fiscal deficit target for FY17: CGA

[I]  No logic behind low credit rating for India: Deepak Parekh

[I]  CREDAI expects all states to implement realty law soon

[I]  India should be a standard setter, not follower: Nirmala Sitharaman

 

BUSINESS STANDARD

[I]  Get set for early Union Budget: The next may be presented in January 2018

[I]  Auto majors begin FY18 in top gear: Maruti, Tata, Honda contribute the most

[I]  Core sector output up 5%, signals industrial recovery

[I]  India Inc lines up Rs 15,000-cr fundraising plans

[I]  Centre seeks guarantee for solar, wind plants connected to grid

[I]  Realtors outsource functions, re-train staff

[I]  Demonetisation lands sharp blow on microfinance sector

[I]  Start-up funding falls 46% in Q1 of 2017

[I]  Domestic PE investments rising; this year may set new benchmark: Report

 

MARKETS (7.20 am)

[I]  SGX NIFTY Fut: 9352;  USDINR DGCX: 64.5250;  DJIA Mini Fut: 20872;  FTSE 100 Fut: 7177;  NIKKEI 225 Fut: 19455;  EUR-USD: 1.0911; Crude Oil (WTI): 48.78;  Gold (Spot): 1257

 

Best Regards, ARBIND

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