Macro Economic News 04 Feb 2017

 

FINANCIAL TIMES

[I]  Trump prepares to take axe to Wall St regulation

[I]  Trump puts brake on ‘client first’ fiduciary rule

[I]  May’s pledge to bind Trump wins mixed reception

[I]  US announces new sanctions over Iran missile launch

[I]  US employment up in January but wage growth cools

[I]  Attack on Fed casts doubt over global bank rules

[I]  Bank of Japan intervenes to buy 10-year JGBs

 

BLOOMBERG 

[I]  U.S. Revokes Tens of Thousands of Visas in Trump Travel Ban

[I]  Indonesia Signals End of Easing Cycle on U.S. Policy Uncertainty

[I]  The Anti-Trump Is Rising in Mexico, Feeding on Every Snub

[I]  Payrolls in U.S. Increase 227,000 While Wage Growth Weakens

[I]  ‘Superstar’ Companies Are Eating Into Workers’ Wealth, Study Finds

[I]  Why Italians Might Be Economic Losers in Era of Euro

[I]  The U.S. Is Much Less Crowded Than Previously Thought

[I]  These Asian Economies Could Take a Big Hit From U.S. Border Tax

[I]  These Countries Are Struggling the Most to Support Their Retirees

[I]  India Opens Coal-Mining Market for First Time in Four Decades

[I]  Singapore Says Asian Growth Helps Offset U.S. Trade Threat

 

BUSINESS LINE

[I]  Trump forces IT Inc to face its Y2K moment

[I]  With economy on slow track, goods trains travel lighter

[I]  Healthcare at ICU doors as government spend drops, again

[I]  ...rules out rethink on 10% surcharge on the rich

[I]  Bank deposits slump by Rs. 90,000 cr in fortnight ended January 20

 

ECONOMIC TIMES

[I]  This digital disruption can have an impact on investments: Stay on top of it

[I]  While moving towards a market economy, India must have a social consciousness: Arun Jaitley

[I]  Companies spend over Rs 18,600 crore towards CSR in 2 years

[I]  Government conducting study on agrarian distress

[I]  Budget 2017: Why 25% hike in capital spend is actually only 11%

[I]  Cash crunch triggers a struggle for firms for the third month running

[I]  FM Arun Jaitley defends surcharge levy, says rich must pay more

[I]  Niti panel for winding up 26 sick CPSEs: Arjun Ram Meghwal

[I]  RBI to soon put new Rs 100 banknotes in circulation

[I]  Electoral bonds will have to be redeemed within days: FM Arun Jaitley

[I]  Government introduces bill for wage payment via e-mode, cheques

 

BUSINESS STANDARD

[I]  PSUs may go slow on new projects in FY18

[I]  Bad bank can't be supported by govt alone, says Arun Jaitley

[I]  Rabi acreage 6% more than last year

[I]  Cap on online transaction service fee likely

[I]  Services sector contracts for third month, PMI shows

[I]  Demonetisation lowers India's gold demand to 7-year low in 2016

[I]  Indians most oblivious to cyber attacks targeting banks: Capgemini Survey

[I]  The NPA problem needs a political solution: Arvind Subramanian

 

 

Best Regards, ARBIND

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

Macro Economic News 03 Feb 2017

 

FINANCIAL TIMES

[I]  ‘Don’t worry’ about tough calls, Trump tells US

[I]  US warns North Korea against nuclear attack

[I]  Bank of England upgrades UK growth forecasts

[I]  US plans fresh push for Japan bilateral trade deal

[I]  Brexit white paper signals migrant limits years away

[I]  EU leaders urged ‘not to punish Brits’ over Brexit

[I]  Passive investing set claim half of markets

 

BLOOMBERG 

[I]  Dollar Drops to 11-Week Low as Fed Letdown Adds to Trump Anxiety

[I]  Trump's Blue-Collar Populism Is Dividing Unions

[I]  Carney Braces for Brexit Twists as Inflation Unease Grows

[I]  Sorry Trump, Asia Doesn't Need You as Much as You Think

[I]  Don’t Worry About a China-U.S. War Over Reefs, Philippines Says

[I]  Public Anger Prompts Vietnam to Put the Brakes on Investment

[I]  BOE Warns of Brexit Twists as U.K. Continues Growth

 

BUSINESS LINE

[I]  Note ban impact: FinMin lowers CSO’s estimates of GDP growth for 2016-17

[I]  Auto sales a mixed bag in January

[I]  Government banks on inbound tourism to generate jobs

[I]  Three cheers for digital push, but security fears loom large

[I]  Easing of rules expected to cement gains for realty sector

[I]  Govt hikes allocation for safety of mines

[I]  Incentives for MSME sector expected to result in credit bank for start-ups

[I]  FM brings dividend income of trust holders under tax ambit

[I]  RBI to banks: Be quick to identify and declare fraudulent borrowers

 

ECONOMIC TIMES

[I]  Crisil says Budget only 'mildly supportive of growth'

[I]  India's sugar production till January 31 down by 10%, says ISMA

[I]  Ministries, departments told to get cracking on budget moves

[I]  RBI asks NBFCs to charge interest rates based on preceding quarter

[I]  Over 6 lakh people win Rs 97.07 crore under digital payment scheme

[I]  Telecom subscriber base in India crossed 1.12 billion in November: Trai

[I]  Niti Ayog launches 'India Innovation Index'

[I]  RBI proposes a new set of risk measure norms for banks

 

BUSINESS STANDARD

[I]  Tax axe on firms with foreign debt

[I]  Medical device makers fear closure as new norms kick in

[I]  Carmakers might override speed bumps of note ban

[I]  All I-T returns must be filed by March-end of assessment year

[I]  RBI issues draft guidelines on interest rate risk management

[I]  Banks can use statutory reserves for AT1 bond coupon payment

[I]  NRIs can now access exchanges for hedging

[I]  Norms on commercial paper issuance eased

 

MARKETS (7.45am)

[I]  SGX NIFTY Fut: 8745;  USDINR DGCX: 67.4075;  DJIA Mini Fut: 19805;  FTSE 100 Fut: 7075;  NIKKEI 225 Fut: 18948;  EUR-USD: 1.0760; Crude Oil (WTI): 53.88;  Gold (Spot): 1215

 

Best Regards, ARBIND

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

Macro Economic News 02 Feb 2017

 

FINANCIAL TIMES

[I]  Research analysts culled at top investment banks

[I]  Fed stays the course on rates as outlook improves

[I]  Trump devaluation claims raise fear of currency war

[I]  Ethiopia claims success in quelling wave of unrest

[I]  US to ‘leapfrog’ world with tax reform, says Brady

[I]  India unveils budget aimed at reviving demand

[I]  Fintech fears dilution of EU ‘open banking’ rules

[I]  Banks warn Trump will be tough on money laundering

[I]  Oil market waits for Opec-shale tug of war to end

 

BLOOMBERG 

[I]  Fed Nods to Improved Sentiment While Leaving Rates Unchanged

[I]  Saudi Arabia Plans the World’s Cheapest Power With Solar and Wind

[I]  Fed Waits to See Economic Results From Trump Actions

[I]  Modi Reaches Out to Indians With Tax Cuts Before State Polls

[I]  Macau Gaming Growth Misses Estimate With Slow Holiday Start

[I]  India Plans to Create Oil Giant by Integrating State-Run Firms

[I]  India to Inject $1.48 Billion of Capital Into State-Run Lenders

 

BUSINESS LINE

[I]  Start-ups get two more years of tax holiday

[I]  Defence budget sees 10% rise even as MoD spends less than allocated

[I]  Assuaging foreign investors

[I]  Staying the course on fiscal consolidation

[I]  Finance Minister dreams big with CPSEs

[I]  Integration of spot, derivative market to boost agri eco-system

[I]  Lack of reduction in corporate tax a matter of concern

 

ECONOMIC TIMES

[I]  Budget 2017: PEs feel long term capital pain

[I]  Rupee remained competitive in REER terms: Eco Survey

[I]  Masala bonds to get more tax benefits

[I]  Farmers unhappy over linking of MNREGA with water conservation works in Budget

[I]  India's 2016 Iran oil imports hit record high

[I]  Government to launch new scheme to fund export infrastructure

[I]  Government keen on labour reforms for ease of doing business: Arun Jaitley

[I]  Fiscal deficit to be contained at 3.2% in FY18: Arun Jaitley

[I]  Budget gives infra status to affordable housing, pledges to build 1 cr rural houses by 2022

[I]  Govt proposes to increase coverage under Fasal Bima Yojana

 

BUSINESS STANDARD

[I]  Arun Jaitley attempts a clean-up job in Budget 2017

[I]  Giving away powers is the idea behind liberalisation, says Arun Jaitley

[I]  Government borrowing target fails to enthuse market

[I]  Govt spend to lead infrastructure sector, private investment to wait

[I]  Little in Budget for stress loan-laden banks

[I]  Infra spotlight: Little help from govt rejig of plan, non-plan expenditure

[I]  High on announcements, low on allocations for agriculture

 

MARKETS (7.30am)

[I]  SGX NIFTY Fut: 8708;  USDINR DGCX: 67.5500;  DJIA Mini Fut: 19784;  FTSE 100 Fut: 7041;  NIKKEI 225 Fut: 19065;  EUR-USD: 1.0778; Crude Oil (WTI): 53.61;  Gold (Spot): 1207

 

Best Regards, ARBIND

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

Macro Economic News 01 Feb 2017

 

FINANCIAL TIMES

[I]  Trump aide accuses Germany of currency exploitation

[I]  India expects growth uptick after cash crackdown

[I]  UK’s migrant tech entrepreneurs hit by Trump ban

[I]  Brussels hits out at ‘worrying’ words by Trump

[I]  Eurozone’s economic recovery picks up speed

[I]  Republicans to start rapid rollback of Obama regulations

[I]  Bank of Japan forecasts Trump boom for economy

[I]  US investor class action filings hit 20-year high

 

BLOOMBERG 

[I]  Dollar Hits 12-Week Low on Trump, Nikkei to Slide: Markets Wrap

[I]  N.Z. Jobless Rate Unexpectedly Rises as Workforce Swells

[I]  WSJ to Cut Jobs in Europe, Asia Bureaus of Paper, Union Rep Says

[I]  Trump Trade Risk Causes Anxiety Among Asia's Next Economic Tigers

[I]  Pacific Camp Refugee Deal in Doubt as U.S. Holds Back Support

[I]  Changing U.S. Immigration Rules Loaded With Economic Baggage

[I]  Kuroda on Cruise Control Belies Risks Trump Poses for BOJ

 

BUSINESS LINE

[I]  Economic Survey sets the tone for bold and reform-oriented Budget

[I]  CSO puts 2015-16 GDP growth at 7.9 per cent

[I]  India’s rising exports could boost GDP by 1%

[I]  Universal Basic Income is a radical idea, but has to be implemented gradually: CEA

[I]  Develop robust means to identify beneficiaries, say economists

[I]  Survey GDP growth numbers more credible than those put out by CSO

[I]  Call to bring real estate under GST

[I]  Note-ban impact: real GDP to take 0.25-0.5 percentage point hit

[I]  Farm growth rebounds 4.1% on good monsoon

[I]  Core sector logs 5.6% growth in Dec

 

ECONOMIC TIMES

[I]  Economic Survey fails to lift sentiment ahead of Budget; capital market tax to fuel selloff

[I]  OPEC achieves 82% of pledged oil output cut in January - survey

[I]  Economic Survey stokes fears of higher duty on gold jewellery

[I]  Rupee hits 3-week high ahead of Economic Survey, Union Budget

[I]  Black money: It could be Rs 3 lakh crore or Rs 7.3 lakh crore, says Economic Survey

[I]  Subsidy bill up by 5 per cent in April-November 2016: Economic Survey

[I]  Economic Survey calls for need to set up government owned ARC to revive economy

[I]  Inflation to be below 5% in FY17, trend to continue: Economic Survey

[I]  Economic Survey pitches for more local tax on property

[I]  Rs 2 lakh crore for development of highways in Madhya Pradesh: Nitin Gadkari

[I]  Highways construction, cargo, power-gen record growth: Survey

[I]  Replacing PDS with DBT shows mixed results in Economic Survey

[I]  Economic Survey proposes asset reconstruction agency to deal with NPAs

[I]  CEA Arvind Subramanian estimates basic income for the poor: Rs 7,620 p.a.

[I]  Macro fundamentals create platform for sustained growth: President Pranab Mukherjee

 

BUSINESS STANDARD

[I]  US visa tremors rock Indian information technology

[I]  Economic Survey: Return to realism

[I]  Indian pharma industry fears tougher US stance on IP

[I]  Arvind Panagariya pegs economic growth at 7 to 7.5% in FY18

[I]  Credit to industry shrinks 4.3% in December quarter

[I]  President lauds note ban, surgical strikes; favours joint polls

[I]  India Inc's biz confidence hit post note ban as sales plunge

[I]  Fiscal deficit in April-December hits 94% of budget target

[I]  India's demographic dividend to peak by 2020: Economic Survey

[I]  Economic Survey makes a strong case for Universal Basic Income

 

MARKETS (7.30am)

[I]  SGX NIFTY Fut: 8600;  USDINR DGCX: 67.7225;  DJIA Mini Fut: 19798;  FTSE 100 Fut: 7057;  NIKKEI 225 Fut: 19036;  EUR-USD: 1.0791; Crude Oil (WTI): 52.71;  Gold (Spot): 1207

 

Best Regards, ARBIND

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