Saturday, 28 January 2017

Macro Economic News 28 Jan 2017

 


[I]  Barcelona takes steps to curb tourist surge

[I]  Trump to call Putin with Russia sanctions in balance

[I]  Trump weighs import tax to fund Mexico border wall

[I]  US companies employ new tactics to avoid Trump ire

[I]  Lawmakers speak out against US import tax plan

[I]  Wider trade deficit drags on US economic growth

[I]  Luxury houses back in vogue as sales recover

[I]  Brazilian markets flying high over economic reality

 


[I]  Hong Kong Yuan Deposits Post Record Monthly Drop in December

[I]  U.S. Growth Cools on Trade Drag as Business Spending Rises

[I]  Ghost of 1990s Is Haunting Dollar and Slowing Further Gains

[I]  May Preaches Free Trade in U.S. as Trump Turns Up Heat on Mexico

[I]  As Bond Bear Market Beckons, Veterans Tell Tales of the Unknown

[I]  Chinese Carmakers Think They Can Finally Win America Over With an SUV

[I]  Another Term for BOJ’s Kuroda Is an Option, Abe Adviser Says

 


[I]  CBDT softens the GAAR blow on foreign investors

[I]  Doubling of service tax forces travel industry to seek sops

[I]  Despite global headwinds, Jaitley bullish on growth

[I]  Rise in wheat, pulses sowing lifts overall acreage in rabi season

[I]  India will not face any sugar shortage, asserts ISMA

[I]  RBI extends tenor of four G-Secs maturing in 2017-18

 


[I]  Reforms on track! Private players to run 108,000-km rail network linking hill stations

[I]  Forex reserves up $932.4 million to $360.77 billion

[I]  Currency-to-GDP ratio to reach 9 per cent by March end: Nomura

[I]  Mauritius joins global efforts to curb profit shifting by MNEs

[I]  India better positioned against proposed US tax laws: Report

[I]  Southern states outshine rest of India in key sectors' growth

[I]  With safety belts in place, GAAR ready to take off on April 1

 


[I]  Investors brace for transaction tax hike, less friendly Budget

[I]  SUVs take the lead in luxury class

[I]  Aadhaar payments system linked to 119 banks

[I]  GST to ease loan access for millions of firms: Nandan Nilekani

[I]  Centre urges states to adopt model land lease Bill

[I]  Wheat acreage up 7.87%; rains boosting crop prospects

[I]  Rice prices climb on lower rabi acreage

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Friday, 27 January 2017

Macro Economic News 27 Jan 2017

 


[I]  Trump threatens 20% tax as Mexican summit scrapped

[I]  Corporate America split over Republican tax plan

[I]  May urges UK and US to resist ‘eclipse of the west’

[I]  UK becomes fastest growing G7 economy in 2016

[I]  EU states reject more Chinese solar panel tariffs

[I]  Spain’s jobless rate falls to lowest in 7 years

[I]  China warned of One Belt, One Road risk to banks

[I]  Renminbi in retreat for international payments

[I]  Spain backs early trade talks in Brexit negotiations

[I]  US tech groups at risk of losing global hegemony

 


[I]  The World's Biggest Real Estate Buyers Are Suddenly Short of Cash

[I]  China’s Efforts to Stem Capital Outflows Are Starting to Pay Off

[I]  Trump Floats 20 Percent Border Tax as Mexico Feud Deepens

[I]  Trump’s Immigration Ban Excludes Countries With Business Ties

[I]  Japan’s Consumer Price Declines Ease as Oil Costs Take Hold

[I]  U.S. Trade Spat With Japan Offers Lesson as Trump Eyes China

[I]  U.K. Brexit Boom Still Sees Economy Plagued by Old Problems

[I]  Rising Tiger Philippines Posts Some of the World's Fastest Growth

[I]  Scientists Warn Trump’s Border Wall Will Be Bad for the Planet

 


[I]  CBDT sweetens tax relief for VC and PE funds investing in start-ups

[I]  Quality of spending comes under radar as fiscal draws to a close

[I]  Despite note-ban impact, passenger vehicle sales may see 10% growth

[I]  RBI survey sees decline in overall business sentiment

[I]  Ireland pushes for more investments from India

[I]  Russia says steel exports to India dipped by a third due to curbs

 


[I]  High government debt limits room for quick deficit reduction: Moody's

[I]  India-UAE to further intensify ties; to increase trade by 60 per cent

[I]  Trade deficit may be in range of $100-110 bn by March-end: Report

[I]  Here are some key announcements Arun Jaitley may make in this year's budget

[I]  Budget 2017: Sops for job creation likely in labour intensive sectors

[I]  Cannot disclose preparedness to handle demonetisation crisis: RBI press

[I]  Budget expected to raise tax exemption slab, deduction limits: Experts

[I]  Budget likely to be 'market-neutral': Morgan Stanley

[I]  Centre may scrap Rs 4,500 crore PDS sugar subsidy in budget

[I]  Cash withdrawal restrictions likely to go away by February-end

 


[I]  Living in the dark: 240 million Indians have no electricity

[I]  Service tax blow for online travel players

[I]  Major change in crop weather advice

[I]  Demonetisation impact: Consolidation in realty sector to gain momentum

[I]  Demonetisation to dent MFI profitability: Report

[I]  Infra & investment in FY17: Revival of airports waiting to take off

[I]  Financial sector reforms in FY17: Road map in the works for state-run banks

[I]  Fed to raise rates every quarter in 2018, says top forecaster

 

MARKETS (7.35am)

[I]  SGX NIFTY Fut: 8660;  USDINR DGCX: 68.1225;  DJIA Mini Fut: 20042;  FTSE 100 Fut: 7090;  NIKKEI 225 Fut: 19453;  EUR-USD: 1.0682; Crude Oil (WTI): 53.83;  Gold (Spot): 1186

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Thursday, 26 January 2017

Macro Economic News 26 Jan 2017




[I]  Dow closes above 20,000 for first time

[I]  Reforms bring cultural battles to Poland’s schools

[I]  Republican free-traders fear return of protectionism

[I]  EU nations urged to help Libya stem migrant flow

[I]  Italian court ruling opens door to early elections

[I]  ECB hawk reignites debate on ending stimulus

[I]  Chinese swap hometown comforts for new year abroad

[I]  Banks’ AI plans threaten thousands of jobs

[I]  Private equity looks to Luxembourg for EU access

 


[I]  New Zealand Inflation Back on Track After 2-Year Undershoot

[I]  Trump Is Squeezing Detroit at the Worst Possible Time

[I]  Americans Are Flipping Houses Like It’s 2006

[I]  Vietnam Turns to Its Neighbors After U.S. Kills Trade Deal

[I]  Expect More Forgeries, Fakes in China Debt Market Amid Bond Rout

[I]  India Budget Seeks Sweet Spot as Cash Grab Sours

[I]  Australia Pushes for TPP Without U.S. After Trump Exits Deal

[I]  Slowing China Growth Still Enough to Add Economy the Size of Indonesia

[I]  Aussie CPI Suffers Yuan Effect as Reflation Bypasses Down Under

 


[I]  Driverless buses may soon hit Indian roads

[I]  PSU stakes: Centre begins ‘strategic sale’ process

[I]  Railways move to ensure States share project costs

[I]  India, UAE expand defence ties, maritime cooperation

[I]  Digital payments: No final decision yet on Naidu panel report

[I]  Record trade in renewable energy certificates

[I]  Sugar production set to dip to seven-year low

[I]  Importers worried over service tax on ocean freight

 


[I]  Earnings of Indian companies dependent on developments in US, China: Aswath Damodaran, Stern School

[I]  Despite fall in production, ISMA says no need to import sugar

[I]  FM Jaitley should focus on agriculture sector in Budget 2017

[I]  India, UAE ink pacts to boost economic cooperation

[I]  India signs oil reserves pact with UAE

[I]  India improves on transparency corruption index, scores 40 out of 100

[I]  GDP growth to slow to 6% in Oct-Dec 2016: Nomura

[I]  Business sentiments down for second consecutive quarter: RBI survey

[I]  Budget 2017 to continue government's transformation drive: Finance Ministry

[I]  RBI prohibits investments in 'non-cooperative countries'

 


[I]  TN traders to stop sales of Pepsi, Coke, say products aren't healthy

[I]  Japanese lender key financier of pharma M&As

[I]  Government fixes prices of 33 essential drugs

[I]  Railways lost Rs 800 crore in 2016-17

[I]  Hackers take payment e-commerce firms for a ride

[I]  Currency in circulation rises for second straight week

[I]  Biz sentiment for Q4 on decline: RBI

[I]  India Inc deal tally soars to $62.5 billion in 2016, says Report

[I]  Budget relief on indirect transfer tax possible for FPIs

[I]  No decision over tax on cash, says finance ministry

[I]  PE, VC funds want govt to incentivise public market investments

[I]  Budget may untie tax knot for consumers, investors

 

MARKETS (7.30am)

[I]  SGX NIFTY Fut: 8654;  USDINR DGCX: 68.0450;  DJIA Mini Fut: 20008;  FTSE 100 Fut: 7107;  NIKKEI 225 Fut: 19293;  EUR-USD: 1.0759; Crude Oil (WTI): 53.03;  Gold (Spot): 1199

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Wednesday, 25 January 2017

Macro Economic News 25 Jan 2017

 


[I]  May to fast-track Brexit bill following court defeat

[I]  US tax policy chief to push on with import levy

[I]  Mexico braces for confrontation with Trump team

[I]  Turkey holds repo rate but lifts overnight rate

[I]  UK Supreme Court rules MPs must vote on triggering Brexit

[I]  Capital flight battle threatens China trade flows

[I]  India airport plan flies into trouble

[I]  US boards less ‘male, stale and frail’ but fears remain

[I]  ‘Correlation crash’ replaces risk on/risk off trade

[I]  Asia looks to Beijing for new trade deals after Trump quits TPP

 


[I]  Australia Consumer Prices Weaker Than Expected; Aussie Drops

[I]  Korea’s Growth Slows in 4th Quarter Amid Political Turmoil

[I]  Supreme Court Rules Brexit Trigger Needs Parliamentary Vote

[I]  OPEC Clears Way for Cheap U.S. Oil to Sail to Biggest Market

[I]  Trump’s Move to Dump TPP Deals a Blow to Asian Economies

[I]  Trump’s Climate Stance Threatens to Worsen China Relations

[I]  Taiwan Economy Grew 2.58% in Fourth Quarter on Export Boost

[I]  China Raises Mid-Term Lending Rates in New Signal of Tightening

 


[I]  CBDT tightens screws on shell companies

[I]  Nabard allowed to raise Rs. 20,000 cr for crop loans

[I]  Job creation key to reviving consumption

[I]  Panel suggests sops to build digital economy

[I]  India ratifies Doha amendment to Kyoto Protocol

[I]  India will wait & watch US move on TPP, says Commerce Minister

[I]  Home Ministry will now issue defence industrial licences

[I]  Smartphone sales down 30%

[I]  Overall lending down 30% in two months since demonetisation: CIBIL

 


[I]  Bankers tense after ex-IDBI chief’s arrest, credit uptake may take a hit

[I]  P-Note investments fall to 41-mth low of Rs1.57 lakh cr in Dec

[I]  Sebi Budget note: Cut STT, ease tax rule for debt MFs

[I]  World Gold Council sees India investment demand at 250-300 tonnes by 2020

[I]  Maharashtra may cut sugar estimate by 10%

[I]  Govt waives Rs 660.50 cr interest on crop loans for Nov-Dec

[I]  Rolling back of TPP would be beneficial for India: Experts

[I]  I-T department to target Indian MNCs avoiding tax

[I]  Interest subsidy to MSEs can lead to rise in indirect taxes

[I]  Recent GST Council's decisions not in national interest: IRS officers body

[I]  Government to pump in Rs 5500 crore in northeast India to beef up connectivity in the region

[I]  Panel backs pressing pause button on fiscal deficit target

 


[I]  Undermining the identity of RBI should be a matter of concern: Y V Reddy

[I]  Tax cash withdrawals above Rs 50,000: Panel

[I]  Irdai wants insurers to have 'clear policy' as investors

[I]  Indian firms are hugely unhedged: India Ratings & Research

[I]  China power firm seeks to enter power transmission sector

[I]  With Cabinet nod, IIMs can now award degrees

[I]  Minimum import price on steel short-term step: Govt

[I]  New tax norms target shell firms

[I]  India mulls ring fence for Emirates investors

[I]  Trump vows to stop China from taking south sea islands

 

MARKETS (7.50am)

[I]  SGX NIFTY Fut: 8517;  USDINR DGCX: 68.1900;  DJIA Mini Fut: 19858;  FTSE 100 Fut: 7097;  NIKKEI 225 Fut: 19048;  EUR-USD: 1.0734; Crude Oil (WTI): 53.00;  Gold (Spot): 1209

 

Best Regards, ARBIND

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