Saturday, 11 February 2017

Macro Economic News 11 Feb 2017

 


[I]  Opec beats oil output cut expectations

[I]  Trump embraces Abe after move to heal Beijing rift

[I]  Le Pen debt plan threatens default, say agencies

[I]  Greek bonds sell off sharply as EU-IMF rift deepens

[I]  Merkel toughens plans to remove failed asylum seekers

[I]  Pressure on Greece eases after debt partners meet

[I]  Fitch warns Trump poses risk to global economy

[I]  Somalia’s president takes power in fragile state

[I]  Derivatives market is short of a $3.7tn lifeboat

[I]  The importance of bubbles that did not burst

 


[I]  Bad-Tempered Brexit Talks Loom as May’s Demands Irk Europe

[I]  Canada’s AAA Rating Is on Thin Ice

[I]  Fed’s Tarullo Stepping Down as Top Regulator of Wall Street

[I]  It’s 1980s All Over Again for FX Desks Looking at Trade Flow

[I]  China Is Blitzing the U.S. in Clean-Energy Investment

[I]  China Already Preparing for Possible Punitive U.S. Tariffs

[I]  China Faces Liquidity Test as $151 Billion Set to Exit System

[I]  Deposit Rates Hit 0.00% at Japan’s Banks

[I]  China's January Exports Rose 7.9% in Dollar Terms

[I]  China's Trapped Cash Dilemma Provides Opportunity

[I]  Mizuho Economist Says Trade War Major Risk to China, U.S.

 


[I]  Farm equipment segment pushes revenue growth

[I]  Need to step up investments in local manufacturing: Nirmala Sitharaman

[I]  US to India: Speed up talks on defence foundational pacts

[I]  Budget bids adieu to welfare state, rue civil rights activists

[I]  Note ban blues: Factory output contracts 0.4% in Dec

[I]  2017 theme: cyclicals find favour on global growth, rate cut hopes

[I]  IT companies should now strengthen domestic market: Ministry panel

[I]  Coffee exports flat as growers retain produce for better prices

 


[I]  Note ban has hit industrial production, admits Jaitley

[I]  Fund raising via QIP down 67% to Rs 4,300-cr in Apr-Nov FY17

[I]  Tax-wary PE funds look to recast investment arms

[I]  India's forex reserves rise $1.6 billion

[I]  Government to make all ration shops Aadhaar-enabled by June

[I]  Draft rules for digital payment to be released soon for public consultation: Ravi Shankar Prasad

[I]  Universal Basic Income scheme should have cut-off income limit: Kaushik Basu

[I]  Now, companies to get PAN with incorporation

 


[I]  Don't hide note ban info, PAC tells govt

[I]  Investments fall for second year in row in 2014-15

[I]  Tax-free Budget in West Bengal

[I]  Industrial output, tax numbers show note ban impact

[I]  Govt takes more action against shell companies

[I]  Regulator considers derivatives reforms

[I]  India-focused funds see outflows of $2.5 billion in 2016

[I]  TV ads to see double-digit growth in 2017, says Deloitte report

 

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Friday, 10 February 2017

Macro Economic News 10 Feb 2017

 


[I]  Greek bonds sell off sharply as EU-IMF rift deepens

[I]  Spain Socialists reignite debate on Franco legacy

[I]  Italy shies away from conflict with Trump’s America

[I]  Tokyo fishmongers face crisis in idle market

[I]  Nigeria returns to debt markets with $1bn Eurobond

[I]  Big pharma faces costly setback in cancer fight

[I]  Emerging markets face fourth year of capital outflows

[I]  Yen may be too hot to handle as Abe meets Trump

 


[I]  Reflation Trades Show Signs of Life on Trump Taxes: Markets Wrap

[I]  Americans Renouncing Citizenship at Record High

[I]  Singapore Unveils Growth Plan as Globalization Mood Darkens

[I]  RBA Cites Better Global Outlook, but Uncertainty Remains Over Trump

[I]  Trapped China Cash Revives Hong Kong's Yuan Banking

[I]  China’s Capital Controls Are Hitting Wine Lovers Where It Hurts

[I]  China May Be a Hitch in African Miner’s Bid for U.S. Platinum

[I]  China Car Sales Fall First Time in 11 Months After Tax Hike

 


[I]  Brexit may begin by March-end

[I]  Govt extends dumping duty on steel products by 2 months

[I]  British MPs open doors for May to trigger Brexit

[I]  Aadhaar made mandatory to access subsidised foodgrains

[I]  India to send team to WTO to push negotiations on food security, services

[I]  Rabi crops: Bright prospects, but don’t wish away weather risks

[I]  Purchase of pulses for buffer stock exceeds 10 lakh tonnes

 


[I]  'Trumpstorm' is coming: EMs likely to see capital outflows, trade disruptions

[I]  Sebi to form fintech panel, route household savings to markets

[I]  Domestic bonds see worst loss in three years after RBI holds rate

[I]  India will be world's fastest growing economy in next 5 years: Top US think-tank

[I]  Inflation seen cooling in January, output eases

[I]  Real-time traffic updates through radio on NH soon: Nitin Gadkari

[I]  Policy to scrap old vehicles gets in-principle nod

[I]  Government makes Aadhaar mandatory for availing PDS foodgrains

[I]  Government mulling hike in maintenance amount for senior citizens

[I]  FRBM panel recommends establishing a fiscal council

[I]  No decision yet on imposing tax on cash transactions: Shaktikanta Das

[I]  RBI to be on hold unless inflation, growth undershoot targets

[I]  CBDT chief Sushil Chandra allays fears of arbitrary searches by taxmen

 

 


[I]  Demonetisation impact: FMCG growth tanks in Nov-Dec

[I]  Two-wheelers drag down auto sales in January

[I]  BRICS ratings agency may help bypass 'big three' indifference: CEA

[I]  Govt mulls raising EPFO's investment in ETF to 15%: Dattatreya

[I]  Number of girl students in IITs only 8% in 2015-16: Govt

[I]  India can save $30 bn by moving part of trade closer to ports by 2020: EY

[I]  New mechanism soon to fast-track listing of PSUs

 

MARKETS (7.00 am)

[I]  SGX NIFTY Fut: 8834;  USDINR DGCX: 66.8850;  DJIA Mini Fut: 20142;  FTSE 100 Fut: 7171;  NIKKEI 225 Fut: 19275;  EUR-USD: 1.0664; Crude Oil (WTI): 53.08;  Gold (Spot): 1224

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Thursday, 9 February 2017

Macro Economic News 09 Feb 2017

 


[I]  US work visa threat alarms Indian IT sector

[I]  Investors pile into risky bonds in bet on Trump

[I]  May outfoxes pro-EU opponents on Brexit vote

[I]  China credit flood set to persist despite rate rises

[I]  Central bankers face off over effect of messy Brexit

[I]  Wall Street held back by weak financial stocks

[I]  Herding your subsidiaries towards good governance

 


[I]  Gold Nears Three-Month High as Buyers Flock Back to Top ETF

[I]  Supply Is the Technical Factor Behind Global Rally in Markets

[I]  Turkey’s President Is Close to Getting What He’s Always Wanted

[I]  China Central Bank Said to Call Bitcoin Exchanges for Talks

[I]  Choking China Backs Australia in Race for Cleaner Iron Ore

[I]  Free Phones and Toilets: Politicians Vow to Splash Cash on Rural India

[I]  OPEC: Market Might Need More Oil Cuts

[I]  Hong Kong Property Prices Rise Despite New Tax

[I]  Pay More Attention to Europe, Says Asia's Top Currency Watcher

 


[I]  RBI stuns all by keeping repo rate unchanged

[I]  ‘Asians voted to remain in EU to tap opportunities in Europe’

[I]  WTO chief lauds India’s proposal on services

[I]  Farmers’ groups demand fair deal in WTO talks

[I]  Bank union wants govt to reimburse demonetisation costs

[I]  Rubber output numbers leave tyremakers worried

[I]  Wheat prices begin to ease as new arrivals hit MP, Gujarat

[I]  Lending rates unlikely to fall sharply from here on

 


[I]  Sebi meet likely to discuss financial sector reforms

[I]  Global M&A activity may drop to $2.5 trillion in 2017: Report

[I]  Govt approves Revenue Insurance Scheme for plantation crops

[I]  Rural Ministry seeks Rs 6,000 crore more for NREGS

[I]  FDI in manufacturing sector up 82 per cent in Apr-Nov period: Nirmala Sitharaman

[I]  India's wheat imports rise above 5 million tonne, biggest in decade

[I]  Indian households less confident about economic situation: RBI survey

[I]  RBI cuts FY17 growth forecast to 6.9%, pegs 7.4% for next year

[I]  India continues to fall behind others on patent protection, says US Chamber of Commerce

 


[I]  Rate pause season gets longer; RBI weighs risks

[I]  Withdrawal cap to go from March 13: RBI

[I]  Domestic air traffic to grow to 130 million in FY18, says CAPA

[I]  Monetary policy review: More downside risks for GVA growth

[I]  There is scope for lending rates to come down further: RBI

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 8825;  USDINR DGCX: 67.1575;  DJIA Mini Fut: 20001;  FTSE 100 Fut: 7130;  NIKKEI 225 Fut: 18982;  EUR-USD: 1.0679; Crude Oil (WTI): 52.50;  Gold (Spot): 1240

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Wednesday, 8 February 2017

Macro Economic News 08 Feb 2017

 


[I]  Merkel pushes to smooth ties with Poland

[I]  Abe drums up business pledges to woo Trump

[I]  Trump travel ban battle destined for Supreme Court

[I]  China FX reserves under $3tn for first time in 5 years

[I]  Business bets on Brazil economic rally

[I]  Private equity surge spurs faster auctions

[I]  Chinese tech sector gives reason for optimism

 


[I]  Treasuries Yield Curve Flattens From 2017 High as Long End Leads

[I]  Cracks Are Appearing in Australia’s Trillion-Dollar Debt Pile

[I]  Does Australia's Debt Pile Signal a Possible Crisis?

[I]  RBNZ Seen Holding Rates All Year

[I]  China Reserves Edge Below $3 Trillion as Yuan Pressure Increases

[I]  Trump Administration to Argue U.S. Faces Peril Without Ban

[I]  Asia Inflation Surge Fueled by Currency Rout That’s Already Gone

[I]  Brexit Risks 30,000 U.K. Jobs and 17% of Bank Assets: Study

[I]  China's Raising Rates. Good for the Yuan, Bad for Bonds

 


[I]  India well within rights to oppose e-commerce negotiations: WTO DG

[I]  Jaitley gives RBI the thumbs up for handling note crunch

[I]  Food MSP: India seeks nod to take part in US-China row at WTO

[I]  Govt’s policy is driven by concern for the poor, says Venkaiah Naidu

[I]  2016 tea output at record high despite fall in South

 


[I]  Cos raise Rs 46,000 crore in January via debt placement

[I]  M&A deals within India to triple by 2019

[I]  Rs 6.78 lakh crore remonetised, Rs 9.1 lakh crore in circulation: Government

[I]  US makes changes in export control laws to benefit India

[I]  Govt doubles highways target to 15,000 km in next fiscal

[I]  Government confident that debit card charges may decline

[I]  Tax dept signs 4 advance pricing pacts with taxpayers

 


[I]  Investors hang up boots to don entrepreneurship mantle

[I]  Drought in Kenya to boost Indian tea prices

[I]  Truck sales to decline in 2017-18: India Ratings

[I]  India handset production to double to 200 mn this year

[I]  Banks may not respond to central bank rate cut, if any

[I]  RBI working on green finance framework

[I]  Two decades later, small savings return to haunt the Centre

 

MARKETS (8.30 am)

[I]  SGX NIFTY Fut: 8793;  USDINR DGCX: 67.4350;  DJIA Mini Fut: 20004;  FTSE 100 Fut: 7105;  NIKKEI 225 Fut: 18875;  EUR-USD: 1.0685; Crude Oil (WTI): 51.55;  Gold (Spot): 1235

 

Best Regards, ARBIND

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