MACRO ECONOMIC NEWS

Macro Economic News 30 Nov 2017

 

FINANCIAL TIMES

[I]  Trump causes uproar by retweeting far-right UK group

[I]  Senators debate smaller US corporate tax cut

[I]  Yellen warns on outlook for surging US public debt

[I]  Brexit bill battle turns to presentation rather than hard cash

[I]  ECB urges eurozone banks to cut costs and modernise

[I]  London and Dublin scramble to break Brexit stalemate

[I]  May forges surprise consensus as Eurosceptics fall into line

[I]  China fintech lending boom fuels risks of data theft

[I]  The time is ripe to clean up eurozone banks’ bad loans

[I]  Zimbabwe’s chance to follow the China model

 

REUTERS

[I]  Stronger growth seen as businesses adjust to new tax

[I]  U.S. warns North Korean leadership will be 'utterly destroyed' in case of war

[I]  China November factory growth unexpectedly picks up despite pollution crackdown

[I]  Bank of Korea raises interest rate for first time in six years, as expected

[I]  India's top listed firms log best profit growth in six quarters

[I]  Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

[I]  India's inflation likely to rise, interest rates won't: Reuters poll

[I]  ECB's Knot calls for ending stimulus and declaring victory

[I]  China November official factory PMI rises to 51.8, beats forecasts

[I]  Japan October industrial output rebounds, manufacturers see good times ahead

 

BLOOMBERG 

[I]  U.K. Consumer Confidence Falls in Christmas Blow to Retailers

[I]  Brexit Gives New Life to Old Tractors

[I]  Japan Wants Immigrants. The Feeling Isn't Mutual.

[I]  Australian Banks Face Wide-Ranging Probe Amid String of Scandals

[I]  China Factory Gauge Unexpectedly Rises as Global Demand Firms Up

[I]  Moody's Warns Cities to Address Climate Risks or Face Downgrades

[I]  The End of the U.S. Housing Shortage Is Finally in Sight

[I]  Hey OPEC, the World's Largest Oil Consumer Needs a Lot Less Oil

[I]  Goldman Warns That Market Valuations Are at Their Highest Since 1900

[I]  Bank of Korea Raises Interest Rates for First Time Since 2011

[I]  Fed's Yellen Sees Uncertainty Around 2% Inflation Outlook

 

BUSINESS LINE

[I]  Steel demand in India set to rise, profitability of cos to improve: Moody’s

[I]  All issues related to GST will be addressed by March: Minister

[I]  FinMin asks exporters to file GST refund forms correctly

[I]  Govt to examine proposal for higher tax exemption for pensioners

[I]  Govt may amend Electricity Act to allow e-vehicle charging stations to sell power

[I]  Public policy push must for women entrepreneurs: Ivanka

[I]  Private sector NPS: Market-oriented reforms hit FDI hurdle

[I]  Slapping duty a quick solution, not a lasting one

 

ECONOMIC TIMES

[I]  After defaulters, insolvency heat may now burn personal guarantors

[I]  Sebi tweaks supervisory framework for stock brokers

[I]  Opec, Russia set for oil cut extension but wary of overheating market

[I]  Indian diamonds are back in demand in China, US

[I]  Kerala farmers' collective launches organic ethnic dry fruits

[I]  Controlling onion prices not in our hands: Ram Vilas Paswan

[I]  Government may directly fund Rs 1.35-lakh crore bank recapitalisation

[I]  ADB investment programme of $500 million to improve rural roads in five Indian states

[I]  India moves up one spot to 68 on Global Entrepreneurship Index

[I]  Analysts forecast better Q2 show with a GDP print of 6.4%

[I]  India's growth set to end 5-quarter slide, say economists

[I]  PSUs want vendors to meet anti-profiteering guidelines

[I]  Government says tech glitches led to piling up of export refunds, assures steps

 

BUSINESS STANDARD

[I]  China's auto industry accelerates in race against foreign rivals

[I]  Fund managers make switch to high-growth AIF industry

[I]  Central task force plans crackdown on tax evaders

[I]  Nearly 70% of stressed SMEs face liquidation

[I]  Sebi tweaks supervisory framework for stock brokers

[I]  FinMin giving final touches to recapitalisation bonds, FM nod likely soon

 

MARKETS (07:15 am)

[I]  SGX NIFTY Fut: 10312;  USDINR DGCX: 64.5400;  DJIA Mini: 23904;  FTSE 100 Fut: 7371;  NIKKEI 225 Fut: 22601;  EUR-USD: 1.1860; Crude Oil (WTI): 57.37;  Gold (Spot): 1283

 

Best Regards, ARBIND

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