Friday, 24 February 2017

Macro Economic News 24 Feb 2017

 


[I]  US retreats from Trump pledge on China currency

[I]  Electric carmakers on alert as funds hoard cobalt

[I]  Chinese province’s GDP hints at past exaggeration

[I]  Germany’s budget surplus hits record high

[I]  Japan’s Abe hit by scandal over cut-price land deal

[I]  Brussels and ECB split on Monte dei Paschi plans

[I]  Community banks plead to be freed from web of rules

[I]  M&A raises concerns over market peak

[I]  China regulatory crackdown turns to private placements

 


[I]  North Korea Says China 'Dancing to U.S. Tune' in Rare Spat

[I]  Australia Is the World's Second-Best Equity Market Since 1900

[I]  Caution Prevails for Asia Stocks Amid Metals Slump: Markets Wrap

[I]  Saudi Arabia's Oil Wealth Is About to Get a Reality Check

[I]  Social Media Are Driving Americans Insane

[I]  Landlords Are Taking Over the U.S. Housing Market

[I]  Worst Not Over for Singapore Property, Billionaire Kwek Says

[I]  ECB Warns of a Europe of `Small Countries' If Populism Triumphs

[I]  Faster Than Expected Fed Rate Hikes Could Cost Australian Banks

[I]  Drugmakers Soar As China Boosts Medicine Insurance Coverage

 


[I]  Why mutual funds rarely vote against the management

[I]  PM seeks weekly monitoring on ease of doing business

[I]  Govt cuts down 56 labour registers to 5 common ones

[I]  SEBI’s articulated dividend policy sets the tone for more payouts: IiAS

[I]  Buyback: After TCS, other IT companies could follow suit

[I]  Pepper output projected to stay below domestic demand

[I]  SEA sees India edible oil output rising to 7 m tonnes in 2016-17

[I]  Rubber production may touch 6.5 lakh tonnes in current fiscal

 


[I]  Nifty CEOs earn 237 times more than their staff's median salary

[I]  India's rubber imports drop 39% YoY in Jan as prices rally

[I]  High demand may curb fall in chilli prices

[I]  Asian currencies firmer as dollar drifts after Fed minutes

[I]  7th tranche of Sovereign Gold Bonds opens on Feb 27

[I]  Brexit could help India-EU FTA: Report

[I]  India to be fastest growing economy among G-20 nations: Moody's

[I]  India submits proposal on trade pact in services to WTO: Nirmala Sitharaman

[I]  CJI asks Finance Ministry to give details on major tax cases

[I]  Energy efficiency need of hour, says Niti Aayog

[I]  Tax department to scan companies with sudden rise in cash sales during note ban period

[I]  Rs 10,290 crore health budget boost hides key funding cuts

[I]  Tackling pollution, investing in renewables will help India's economy: UNEP chief Erik Solheim

 


[I]  Govt takes a big leap in tax administration

[I]  M&A deals worth $56.2 bn in 2016, says EY report

[I]  Demonetisation may pull down Q3 GDP growth below 6%

[I]  Lack of pricing freedom leaves industry jittery on commercial coal mining

[I]  Solvency position of PSBs worsens

[I]  Coffee exports up on global price recovery

[I]  RBI now concerned about state finances

[I]  Wind association asks players not to bid too low

[I]  Fundraising via preferential route down 21%

[I]  PC sales decline 15% in 2016, says IDC

[I]  Rising global trade protectionism may dent success of landmark WTO deal

 

MARKETS (9.00 am)

[I]  SGX NIFTY Fut: 8956;  USDINR DGCX: 66.9175;  DJIA Mini Fut: 20780;  FTSE 100 Fut: 7252;  NIKKEI 225 Fut: 19340;  EUR-USD: 1.0580; Crude Oil (WTI): 54.36;  Gold (Spot): 1250

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Thursday, 23 February 2017

Macro Economic News 23 Feb 2017

 


[I]  Largest ever group of habitable planets discovered

[I]  German bond yields fall on French election worries

[I]  Paris steps up efforts to lure banks from London

[I]  Brussels warns Italy to cut public debt by April

[I]  Sweden complains it is collecting too much tax

[I]  China launches fresh attack on shadow banking risk

[I]  China will navigate debt challenge and avoid financial shock

 


[I]  Fed Officials Not Losing Patience Fast Enough to Hike in March

[I]  Trump's China Trade Threat Looms Large Over Taiwan Economy

[I]  China's $9 Trillion Moral Hazard Is Now Too Big to Ignore

[I]  Many Fed Officials See Rate Hike ‘Fairly Soon,’ Minutes Show

[I]  London Real Estate Developer Just Dropped Its Land Values by 20%

[I]  Brexit to Hit Jobs, Wealth and Output for Years to Come, Economists Say

[I]  Bank of Korea Holds Interest Rate as Exports, Inflation Improve

[I]  Singapore Readies New Leveraged and Inverse ETFs to Catch Rivals

[I]  Is Modi on a Road to Nowhere in India's Most Populous State?

[I]  India Poised to Unlock $9 Billion for Investing in Roads, Power

[I]  Margin-Squeezed China Banks Poised to Pass on Higher Loan Costs

[I]  OPEC Waits for Proof Oil Cuts Are Doing Their Job

[I]  Oil Market Signal Turns Bullish for 1st Time Since Crash

 


[I]  Brace yourself for just a single-digit pay hike this year

[I]  Indian economy will rebound to 7.2% growth next fiscal: IMF

[I]  Scrappage scheme could spur commercial vehicle sales by 65% over three years: report

[I]  UK Supreme Court holds firm on income rule impacting Indian spouses

[I]  IMF sees India growth rebounding to 7.2%

[I]  Need to encourage leasing to boost SME growth, says World Bank official

[I]  Indian oil firms keen to bid for assets in Myanmar

[I]  Housing finance cos’ debt: MF cap raised to 15%

 


[I]  Cabinet gives nod to India-Poland agricultural accord

[I]  VC investments in India decline to $216 million in 2016: KPMG

[I]  Q3 '17 GDP estimate likely to be less than 6%: SBI report

[I]  India banking bailout cost "manageable" - IMF

[I]  GST adoption could raise India's GDP to over 8%: IMF

[I]  India's GDP projected to slow to 6.6% post-demonetisation, says IMF

[I]  India needs to create bad bank quickly: CEA Arvind Subramanian

[I]  I-T department to scrutinise loan deposits under Operation Clean Money

[I]  Monetary policy committee unanimously agrees to focus on 4% inflation target

[I]  Govt must review tax on cash deals over Rs 2 lakh: Assocham

[I]  Labour ministry notifies fixed–term employment for made up sector

[I]  Govt has no plan to reintroduce Rs 1000 notes: Economic Affairs Secy

 


[I]  India's $85-bn orders still not enough: SpiceJet

[I]  Microsoft logs on to Aadhaar to tap into social networking

[I]  IMF sees growth cooling to 6% in second half of FY17

[I]  Atmosphere of fear in universities is a threat to democracy: Amartya Sen

[I]  Industries to be shut for want of effluent treatment plants: SC

[I]  Bankers don't want a new NPA resolution plan

[I]  Economy to pick up in Q4 due to faster remonetisation: Urjit Patel

[I]  2017 to see greying of salaries across India

[I]  PAC summons four banks to find out big loan defaulters

 

MARKETS (7.45 am)

[I]  SGX NIFTY Fut: 8923;  USDINR DGCX: 66.9525;  DJIA Mini Fut: 20750;  FTSE 100 Fut: 7269;  NIKKEI 225 Fut: 19285;  EUR-USD: 1.0553; Crude Oil (WTI): 54.03;  Gold (Spot): 1236

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Wednesday, 22 February 2017

Macro Economic News 22 Feb 2017

 


[I]  Profitable Anglo American ends forced asset sales

[I]  Engage with Trump, IMF advises Europe’s leaders

[I]  Lords pose obstacle to May’s Brexit talks plans

[I]  US ramps up crackdown on illegal immigrants 

[I]  Policy uncertainty threatens trade growth, says World Bank

[I]  Singapore carbon tax set to squeeze oil groups

[I]  Hong Kong’s foreign bankers bid farewell to Central

 


[I]  Equities Rally Stalls in Asia as Yen Strengthens: Markets Wrap

[I]  Two-Thirds of Americans Aren’t Putting Money in Their 401(k)

[I]  Investors Are Charging Into Emerging Market ETFs

[I]  Trump Trade Threat Is New Opening for Tighter Mexico-China Ties

[I]  Pimco Sees Record A$20 Billion Demand for Australian Bond Sale

[I]  RBA's Lowe Signals Steady Labor Market Allows Pause on Cash Rate

[I]  Hong Kong Developers Advance Ahead of City's Budget Speech

[I]  Hedge Funds Continue to Chase the Herd With Record Momentum Bets

 


[I]  Over 50% Indian women labour on without being paid

[I]  India-Israel DTAA protocol notified

[I]  Centre plans to roll out direct transfer of fertiliser subsidy from June 30

[I]  Ind-Ra maintains negative outlook on infra sector for FY18

[I]  UK to debate easing entry norms for Commonwealth citizens

[I]  Centre may review wheat import duty if required, says Paswan

[I]  Farm scientists urged to mitigate climate impact

[I]  SBI pitches for separate telecom spectrum for financial services

 


[I]  Icra expects 22% rise in corporate bond sales in FY18

[I]  Lower govt borrowings to help bond market: Sebi official

[I]  Bond traders are placing euro-breakup bets, again

[I]  Arun Jaitley to India Inc: adopt arm's length approach for CSR

[I]  Private equity, venture capital investments down 6.3% in January: EY report

[I]  Indian economy to reach $5 trillion by 2025: Morgan Stanley

[I]  NPA resolution must be done with a sense of urgency: RBI Deputy Governor Viral Acharya

[I]  Government may reduce charges on card payments

 

 


[I]  Smartphones ring again after note ban

[I]  No threat or show cause to taxpayers: CBDT to taxman

[I]  No amnesty for bank deposits linked to money laundering: CBDT

[I]  India to have a climate change budgetary supplement from next year

[I]  India sees 50% jump in millionaire exodus in 2016

[I]  Govt clears foreign investments worth Rs 12,200 crore

 

MARKETS (7.50 am)

[I]  SGX NIFTY Fut: 8917;  USDINR DGCX: 66.9700;  DJIA Mini Fut: 20702;  FTSE 100 Fut: 7241;  NIKKEI 225 Fut: 19339;  EUR-USD: 1.0553; Crude Oil (WTI): 54.06;  Gold (Spot): 1237

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Tuesday, 21 February 2017

Macro Economic News 21 Feb 2017

 


[I]  Japan scraps 24-hour culture to keep down wages

[I]  Eurogroup hails progress with IMF on Greek debt deal

[I]  Russian media fall out of love with Donald Trump

[I]  Famine declared in parts of South Sudan

[I]  Foreign buyers fire up S Korea commercial property

[I]  US rulings make it harder to uncover board wrongdoing

[I]  China to slash drug distribution groups

[I]  Emerging markets rally on overseas interest

[I]  Brazil poised for first ever coffee imports

 


[I]  Singapore Studying Tax Measures as Budget Pressures Increase

[I]  India Loosens Derivatives Limits, Widening Market for Foreigners

[I]  Singapore's Housing Curbs May Stay for Some Time, Minister Says

[I]  Russia Overtakes Saudi Arabia as World's Top Crude Oil Producer

[I]  Saudi Arabia Breaks Records on Oil Exports and Output for Year

[I]  Saudis Kick Off $50 Billion Renewable Energy Plan to Cut Oil Use

[I]  RBA Predicts Rising Resource Exports Will Spur Growth

[I]  Chinese Shadow Banking Wealth Products Exceed $3.8 Trillion

 


[I]  Commerce Minister, US lawmakers discuss H-1B restrictions

[I]  Domestic airlines carry 25% more passengers in Jan

[I]  Public sector bank chiefs raise concerns over GST at meeting with Jaitley

[I]  As FTA hangs fire, EU wants India to extend investment pacts

[I]  Renewables row: US blocks India at WTO on localisation issue

[I]  Banks will need to collaborate with fintech firms: SS Mundra

[I]  Freeing non-bank entities from licensing ‘may not be appropriate for payment industry’

 


[I]  ISRO chief says India can develop own space station

[I]  Lower production could push vegetables prices in coming months

[I]  India's wheat imports to slow after March on fumigation rule change

[I]  NITI Aayog finalising model law on contract farming

[I]  European Union asks India to extend by 6 months trade pact with EU nations

[I]  'Government may cross Rs 45.5K crore divestment target this fiscal'

[I]  GVA growth to decline by 70 bps to 6.2% in Q3: Icra

[I]  Might have to wait for Sunny days even as SBI Composite Index improves in February

[I]  Growth slowdown spilling over into January-March quarter: Nomura

[I]  Licensing for payment sector can't be tick-box exercise: RBI Deputy Governor R Gandhi

 

 


[I]  Steel firms lower prices as demand stagnates

[I]  Mind the impact of artificial intelligence on jobs, warns Satya Nadella

[I]  Wheat imports to lessen after March on fumigation rule change

[I]  India must take GST lessons from other nations: CFO survey

[I]  GDP growth to slow down to 6.5% in Q3: Icra

[I]  Trains to remote areas will soon gain steam

[I]  Further consolidation in PSU banks after improvement in NPA

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 8888;  USDINR DGCX: 66.9750;  DJIA Mini Fut: 20626;  FTSE 100 Fut: 7258;  NIKKEI 225 Fut: 19342;  EUR-USD: 1.0584; Crude Oil (WTI): 53.71;  Gold (Spot): 1235

 

Best Regards, ARBIND

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