MACRO ECONOMIC NEWS

Macro Economic News 31 May 2017

 

FINANCIAL TIMES

[I]  US banks pull back from $1.2tn car loans market

[I]  Chess and Monopoly branded luxury items in India

[I]  Trump budget threatens SEC’s technology spending

[I]  Macron and Putin seek reset in splendour of Versailles

[I]  Brussels presses plan to bundle eurozone debt

[I]  Brussels warns UK to lift block on budget review

[I]  EU residency rights should be upheld, says ECJ adviser

[I]  China acts like a ‘bully’ in Asia, says McCain

[I]  Japan’s tight labour market surpasses 1990 bubble

[I]  China’s shadow banking crackdown shakes markets

 

BLOOMBERG 

[I]  Singapore Wage-Growth at Lowest Since 2009 Global Crisis

[I]  Inflation Cure Has Poland Humming and Central Bank Wanting More

[I]  China Shows 'Appetite for Pain,' Says Banking Analyst Who Warned on Debt Binge

[I]  China Factory Gauge Holds Up as Global Economic Outlook Improves

[I]  Japan's Budget Furniture King Discounted His Way to a Fortune

[I]  Japan's Industrial Production Hits Highest Level Since 2008

[I]  Once Costly Deep-Sea Oil Turns Cheap, to OPEC's Dismay

[I]  Australian Consumers Are Unhappiest Since the Financial Crisis

[I]  RBNZ Says Financial Risks Have Receded as House Inflation Slows

 

BUSINESS LINE

[I]  GDP growth in FY17 may beat CSO estimate of 7.1%

[I]  After spectacular onset, monsoon may hold strong for three more days

[I]  Patnaik: Odisha will tap PSUs’ CSR funds to spur start-ups

[I]  Customers could migrate their account if banks misuse autonomy

[I]  New rules may hit animal husbandry prospects

[I]  Telecom regulator to finalise views on ‘promotional offers’ in a month

 

ECONOMIC TIMES

[I]  P-Note investors may invest in Indian markets directly: Experts

[I]  New one rupee notes to be in circulation soon

[I]  Production of horticulture crops likely to touch 295 million tonnes

[I]  Government looking at reducing interest rate on loan given to FACT

[I]  Increase in FRP for sugarcane by 11% to affect sugar millers’ margins: ICRA

[I]  India waiting with open arms for German investments: Prime Minister Narendra Modi

[I]  Gold imports shrink 13.5 per cent to $27.4 bn in FY17

[I]  'Revision in WPI, IIP base year will raise 2016-17 GDP by 50 bps'

[I]  Niti Aayog proposes total privatisation of Air India

[I]  Changes in MEIS policy to make Indian e-commerce retail exports feasible: Study

[I]  Government steps up vigil on bitcoin transactions

[I]  Norms limiting customer liabilities on digital frauds soon: RBI

[I]  3.5 billion invoices every month! All about the technology that GST will bank on from July

 

BUSINESS STANDARD

[I]  Govt's cattle sale ban in cold storage for a month

[I]  PSBs oppose stake dilution via ETF

[I]  GST in current form unacceptable, says Amit Mitra

[I]  Centre seeks 5% GST for gold, 12-18% for biscuits

[I]  100- bp rise likely in margins of brick & mortar stores: CRISIL

[I]  India's horticulture output grows 3.2%

[I]  Government firm on e-platform plan despite chemists strike

[I]  Govt to increase revenue without hiking tax rates, says Hasmukh Adhia

[I]  High service charges, mis-selling of insurance products under RBI scanner

[I]  Monsoon hits Kerala, to cover most parts of the state soon, says IMD

 

MARKETS (8:10 am)

[I]  SGX NIFTY Fut: 9627;  USDINR DGCX: 64.7550;  DJIA Mini Fut: 21024;  FTSE 100 Fut: 7522;  NIKKEI 225 Fut: 19661;  EUR-USD: 1.1174; Crude Oil (WTI): 49.31;  Gold (Spot): 1260

 

Best Regards, ARBIND

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