MACRO ECONOMIC NEWS

Macro Economic News 05 Oct 2017

 

FINANCIAL TIMES

[I]  Trump sends Puerto Rican bonds into tailspin

[I]  Investment rebound adds sparkle to eurozone recovery

[I]  Kenya election re-run puts further damper on economy

[I]  ECB pushes to deter banks from holding sour loans

[I]  EU proposes tax reform to crack down on €50bn VAT fraud

[I]  Fed has no reliable theory of inflation, says Tarullo

[I]  Private credit booms as new hedge funds pile in

[I]  Robust US services data help dollar trim losses

[I]  Corporate bond demand sends index to 10-year record

 

REUTERS

[I]  RBI keeps repo rate unchanged, frees up liquidity

[I]  RBI panel urges tougher line to get banks to pass on rate cuts

[I]  German carmakers relying on volume to confront Tesla

[I]  Euro ministers to mull developing bailout fund into Europe's Monetary Fund

[I]  U.S. budget deficit could obstruct Trump's tax cut plan

[I]  Trump to keep Obama rule curbing corporate tax inversion deals

 

BLOOMBERG 

[I]  U.S. Wins South Korea's Agreement to Amend Free-Trade Deal

[I]  New Zealand Posts Larger-Than-Expected 2017 Budget Surplus

[I]  Puerto Rico Is Running Out of Money

[I]  In the World’s Most Livable Cities, Hardly Anyone Can Afford a Home

[I]  Hong Kong's Property Market Gets a 'Reality Check'

[I]  No U.S. Bailout for Puerto Rican Debt, Trump’s Budget Chief Says

[I]  Toronto Housing Prices Fall for a 4th Straight Month

[I]  Trump Speaks and a $3.8 Trillion Market Hears an Existential Threat

[I]  Only One Major Asian Stock Market Has Shrunk This Decade

[I]  Surging Singapore Land Bids Are Unsustainable, Warns Executive

[I]  India Winter Crops at Risk as Muted Monsoon Cuts Water Level

[I]  Southeast Asia Faces More Currency Risk Than Rest of Region, World Bank Says

 

BUSINESS LINE

[I]  PM hits out at economic doomsayers

[I]  Fuel price: Onus now on States to cut VAT

[I]  RBI cites looming inflation to hold repo rate

[I]  Revision of returns not easy under GST

[I]  Social media puts positive pressure on govt: Jayant Sinha

[I]  Revise minimum wages for all contract, casual staff in Central sphere: House panel

[I]  Wind power tariffs fall below Rs. 3/unit in auctions

[I]  Bengal paddy output seen higher; prices firm on exports

[I]  ‘Low’ in Bay could spawn stormy weather

[I]  Farm loan waivers, stimulus could push up fiscal deficit by 100 bps: RBI

[I]  P2P firms can neither raise deposits nor lend on their own

 

ECONOMIC TIMES

[I]  Inheritance tax on HNIs likely to be reintroduced

[I]  FPIs may get larger room to invest in India

[I]  RBI allows retail investors in G-sec primary market

[I]  Upsurge of retail participation in equities is cyclical, not structural

[I]  India’s credit rating held back by relatively low fiscal strength compared to peers: William Foster, Moody's

[I]  Why India stands out as sore thumb on job front

[I]  Government may hike import duty on wheat to 20-25 per cent

[I]  Urjit Patel warns of adverse impact of fiscal slippages on inflation

[I]  EPFO may give part payout in MF-like units

[I]  After a dip, Indian economy bouncing back: Amitabh Kant

[I]  Fuel excise cut a conscious decision, asserts Jaitley

[I]  Centre wants states to cut VAT on petrol, diesel by 5%

[I]  RBI cuts FY18 growth forecast to 6.7%; says adverse impact on mfg may delay investment revival

 

BUSINESS STANDARD

[I]  RBI pauses, revises growth forecast down sharply

[I]  Loan pricing via external benchmark likely soon

[I]  Growth of renewables 12% higher than last year's

[I]  Cloud-based charging station comes up in Delhi

[I]  Decline in coal imports to hurt long-term returns of ports: Icra

[I]  Govt says it can't provide jobs to all, asks IITians to take lead

[I]  Fresh investments to remain muted as slowdown continues

[I]  RBI removes walls between e-wallets

[I]  RBI wants states' fiscal condition to set loan price

[I]  Rabi crops at risk as muted monsoon cuts water level

 

MARKETS (07:15 am)

[I]  SGX NIFTY Fut: 9927;  USDINR DGCX: 65.2775;  DJIA Mini: 22604;  FTSE 100 Fut: 7429;  NIKKEI 225 Fut: 20623;  EUR-USD: 1.1756; Crude Oil (WTI): 49.89;  Gold (Spot): 1273

 

Best Regards, ARBIND

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