Saturday, 4 March 2017

Macro Economic News 04 Mar 2017

 


[I]  Fed’s Yellen boosts expectations of March rate rise

[I]  Lafarge admits to ‘unacceptable’ activity in Syria

[I]  May takes hard line with SNP on Brexit demands

[I]  Indian-Americans fear the rise of white nationalism

[I]  Japan returns to inflation for first time since 2015

[I]  China bans tours to S Korea as defence spat worsens

[I]  Young Palestinians give up on two-state solution

 


[I]  U.K. Has No Obligation to Pay EU in No-Deal Brexit, Lords Say

[I]  Art Market Rebounds as Stock Rally Gets Buyers Feeling Richer

[I]  Yellen Hints at More Aggressive Rate Path Upon Locking in March

[I]  Mexican Peso Surges After Comments From Wilbur Ross

[I]  In a China Trade War, U.S. Meat Looks Like Dog Food

[I]  Malaysia Airlines 'Aggressively Hedging' on Forecast Oil Will Rise to $70

[I]  Think You’re Set for Retirement? Don’t Get Too Comfortable

 


[I]  Gas ‘politics’ may flare Tamil Nadu’s finances

[I]  The rise and fall of the IT job

[I]  Bihar’s ban on liquor gives ethanol fuel blending a high

[I]  Indian engineering exports pegged at $62 bn this fiscal

[I]  GST may take sheen off jewellery sector: Ind-Ra

[I]  Let’s talk investment treaty before free trade pact, Canada tells India

[I]  Online rental firms adopt new crowd-funding model

[I]  Cash transactions: Depositors’ body wants RBI to regulate fees charged by banks

[I]  Centre sets up credit registry to help banks tackle stressed assets

[I]  FDI via overseas direct investment channel posing a challenge: RBI

 


[I]  Saudi Arabia is all set for the world's biggest IPO: Here are the vital stats

[I]  Indian banks' $105 billion worth maturing debt stokes appetite for more bonds

[I]  Enhanced budget allocation to infra will boost order inflow

[I]  India's forex reserves remain flat for the last week of February

[I]  India beats China in export growth of locally made retail, lifestyle products

[I]  Services rebound after four months, PMI rises to 50.3 in February

[I]  New trademark rules to cut application forms to eight from 74

[I]  PAC for action against tax amnesty beneficiary-turned-evaders

[I]  DTAA provisions, if beneficial to tax payer will override some sections of Income Tax Act: Tax Tribunal

[I]  Bank consolidation takes backseat on rising NPAs

 


[I]  I-T target hits record tax refund hurdle

[I]  Cash to replace food for 140 mn children

[I]  Aadhaar breach exposes holes in ecosystem

[I]  Govt mulls 56,825-sq km eco-sensitive zone in Western Ghats

[I]  Mamata introduces Bill to regulate private hospitals

[I]  Bank credit growth falls to 4.8%

[I]  Prices of renewable certificates slashed

[I]  Feb services PMI shows growth after 3 months

 

 
Best Regards, ARBIND

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

 
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Friday, 3 March 2017

Macro Economic News 03 Mar 2017

 


[I]  Pressure on ECB as euro inflation hits 4-year high

[I]  Sweden revives conscription as Russia unease grows

[I]  Nato and EU need ‘grand strategy’ to resist Putin

[I]  May’s Brexit path stalked by Big Beasts of the past

[I]  Wealth of China’s richest 200 lawmakers tops $500bn

[I]  Eurozone inflation raises policy pressure on Draghi

[I]  Europe starts to think the unthinkable: break-up

[I]  Modi mocks economists amid doubts over Indian GDP

[I]  EM assets defy fears with third month of inflows

 


[I]  May's Plan to Get Economy `Firing' Is Flawed, U.K. Lawmakers Say

[I]  Asia's Ugly Duckling of the Year Is the Philippine Peso

[I]  China Provides Calm for Markets Ahead of Fed Rate Hike

[I]  AI Scientists Gather to Plot Doomsday Scenarios (and Solutions)

[I]  World’s Biggest Banks Fined $321 Billion Since Financial Crisis

[I]  U.S. Initial Jobless Claims Drop to Lowest in Almost 44 Years

[I]  Data-Dependent Yellen Running Out of Reasons to Delay Hike

[I]  China's $8 Trillion Bond Treasure Spurs Global Funds to Hire

[I]  Investors Can't Agree on the Rupee's Fair Value

 


[I]  Freight to drive Railways’ business in 2017-18

[I]  Rising output spells grief for vegetable farmers

[I]  CBDT issues new guidelines to officials investigating suspicious deposits post-note ban

[I]  Sovereign, pension funds look to build on Indian realty

[I]  Irresponsible to question GDP numbers: Jaitley

[I]  Investors from small towns too are attracted to discount broking

[I]  Sugar output sours as drought in South, West takes toll

[I]  RBI asks Financial Literacy Centres to hold special camps on going digital

 


[I]  Inda's sugar production as on Feb 28 is down by 18.5%, says ISMA

[I]  West Bengal to introduce single licence for agri marketing

[I]  India’s export recovery not yet broad based: Report

[I]  Peak GST rate to be pegged higher at 40%

[I]  Impact of demonetisation strong in finance real estate and construction growth: Yes Bank

[I]  CCI assessing regulations to help improve ease of doing business

[I]  Government exhorts importers to use direct port delivery facility

[I]  Scope of central and state GST slab can be upto 40%: Experts

[I]  NITI Aayog lays out detailed roadmap for the irrigation scheme

[I]  Cap on cash that can be held by individuals and companies may be round the corner

[I]  Government to soon announce relaxations in the Foreign Direct Investment

 


[I]  Mini Rail Budget offers carrots for long-term freight contracts

[I]  Higher tax fears spur capital restructuring in Corporate India

[I]  Govt mulls 56,825-sq km eco-sensitive zone in Western Ghats

[I]  Rural India has 17% more homes with TVs than cities

[I]  GST changes: Now, enabling provision for peak 40% rate

[I]  Govt might soon take final call on pay panel allowances

[I]  Karnataka scraps Rs 1,800-cr flyover plan

[I]  Bank loan market could revive soon as bonds become costly

[I]  Exit non-core businesses: Finance ministry advises state-owned banks

 

MARKETS (8.25 am)

[I]  SGX NIFTY Fut: 8891;  USDINR DGCX: 67.0050;  DJIA Mini Fut: 20986;  FTSE 100 Fut: 7360;  NIKKEI 225 Fut: 19542;  EUR-USD: 1.0517; Crude Oil (WTI): 52.76;  Gold (Spot): 1232

 

OUT OF BOX

[I]  Marijuana Helped the World's Top Hedge Fund Gain 145%
 

Best Regards, ARBIND

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

 
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Thursday, 2 March 2017

Macro Economic News 02 Mar 2017

 


[I]  Juncker suggests return of powers to states

[I]  Northern Ireland election risks return to direct rule

[I]  EU citizens face 85-page Brexit Britain form

[I]  Merkel pushes investment to stem migrant flows

[I]  Two-year Treasury yields jump on rate expectations

[I]  Reflation favours non-US markets for contrarians

 


[I]  Australia Mortgage Lending Standards in Regulator's Crosshairs

[I]  Asia's Fastest Growing Economies Have the Fastest Growing Slums

[I]  London Homeowners Are Desperately Slashing Prices

[I]  Trump’s To-Do List Vexes Congress a Day After His Big Speech

[I]  Great Aussie Growth Comeback May Not Be So Great After All

[I]  RBNZ Says Borrowing Costs May Remain at Record Low for Longer Period

 


[I]  Telecom sector may default on loan repayments: DoT

[I]  Construction, finance sectors lag in Q3 growth

[I]  Drive to make all savings bank accounts internet enabled by March 31

[I]  US investors still concerned over compulsory licensing in India

[I]  Tax agreement with India comes into force in Singapore

[I]  Truck rentals down 2.5% in Feb, says IFTRT

[I]  It will be good to put all available spectrum on the block: Rs. Sharma

[I]  IMD says severe heat wave likely in March-May period

 


[I]  Angry with poor pay hike, techies push govt to make resigning easier

[I]  Nobody listens to our orders, says Supreme Court

[I]  China gets ready to lay off 500,000 workers this yr

[I]  Indian private equity firms see a stronger deal pipeline in 2017

[I]  India likely soon to impose 25% wheat import tax: Sources

[I]  Association of Planters of Kerala urge state govt to abolish plantation tax and agricultural income tax

[I]  Virtual currencies pose real financial risk: RBI Deputy Governor R Gandhi

[I]  India's February gold imports surged to 50 tonnes: GFMS

[I]  Factory output expands, manufacturing PMI rises to 50.7 in February

[I]  Economic disruption on account of demonetisation to be short-term in nature: Moody's

[I]  India’s GDP growth after demonetisation doesn’t add up: Nomura report

[I]  Demonetisation to cut tax avoidance, corruption; credit positive: Moody's

[I]  India seeks $5-7 billion aid from World Bank

[I]  Banks to levy Rs 150 after four cash tansactions

[I]  Government to roll out programme for promoting women entrepreneurs

[I]  Government hikes minimum wage for agriculture labourer

 


[I]  IT firms breathe easy as Trump softens tone

[I]  Car sales drive over note ban hurdle

[I]  Onset of summer sets milk prices on the boil

[I]  Fourth quarter growth likely at 6% or lower: Pronab Sen

[I]  7% expansion in Q3 belies exaggerated note ban impact claims: Arun Jaitley

[I]  Brokerages, research houses have doubts on GDP data

[I]  Factory output expands for 2nd straight month

[I]  EPFO allows withdrawals from pension account without Aadhaar card

[I]  UIDAI files case for alleged misuse of Aadhaar data

 

MARKETS (7.30 am)

[I]  SGX NIFTY Fut: 9021;  USDINR DGCX: 66.8625;  DJIA Mini Fut: 21091;  FTSE 100 Fut: 7364;  NIKKEI 225 Fut: 19625;  EUR-USD: 1.0529; Crude Oil (WTI): 53.74;  Gold (Spot): 1246

 

Best Regards, ARBIND

Link to News on http://ECO.arbind.in/
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Wednesday, 1 March 2017

Macro Economic News 01 Mar 2017

 


[I]  JPMorgan calls for easing of bank regulation

[I]  Market odds of March rise in US rates hit 80%

[I]  Brussels to lay out plans for more ‘multi-speed’ EU-27

[I]  Nigeria suffers first annual contraction in 25 years

[I]  Indian economy shrugs off effects of Modi cash ban

[I]  Merkel tries ‘strategic patience’ with Trump

[I]  China capital crackdown threatens overseas buyouts

[I]  Cayman lawsuits challenge valuations of delisted groups

 


[I]  Australia Avoids Recession as Household Spending, Mining Boost Economy

[I]  Putin's Russia Seen Dominating European Energy for Two Decades

[I]  China's Factory Gauge Strengthens as Producer Prices Rebound

[I]  South Sudan's Famine Is China's Chance to Lead

[I]  Biblically Responsible ETFs Offer a New Twist on Value Investing

 


[I]  Economy weathers note ban storm to grow at 7% in Q3

[I]  Core sector growth dips to 3.4% in January

[I]  India to speed up FTA with Eurasian Economic Union

[I]  Aadhaar not mandatory for withdrawals under EPS, says EPFO

[I]  India will never be the same again: OECD on note-ban

[I]  Real-estate firms open the door to technology start-ups

 


[I]  India's bleeding startups stare at a harsh summer, hands out pink slips to hundreds

[I]  Crude oil awaits full compliance of the Opec deal as US shale oil puts pressure

[I]  Revised tax treaty with Singapore takes effect

[I]  India should cut corporate tax, go for inheritance levy: OECD

[I]  Fiscal deficit breaches 2016/17 target in January, at Rs 5.64 lakh crore

[I]  OECD cuts India's growth forcast to 7%

[I]  Government sees FY17 per capita income rising 10% to Rs 103,818

[I]  India's strong GDP data leaves economists scratching their heads

[I]  How government's growth projections beat market estimates

[I]  50% more HNIs left India in 2016 versus previous year

[I]  India keen on riding 5G wave, norms in offing: Telecom Secretary

[I]  Recapitalisation for PSU banks to be performance linked: Shaktikanta Das

[I]  Pay panel for CPSEs bats for ESOPs to keep talent

[I]  Firms fear lingering economic aftershocks from cash crackdown

 


[I]  Domestic, global logistics companies look to India for increased investment

[I]  Govt to seek Trai views on annual spectrum auction

[I]  MNCs call the shots in home & personal care, Indian firms in food

[I]  Office space yields fall in major hubs of metros as values rise

[I]  India's metros fail in urban governance, small cities fare better

[I]  Core sector growth slows down to 3.4% in January

[I]  Fiscal deficit overshoots full-year target

[I]  OECD estimates 7.3% growth in FY18

[I]  Farm sector to grow slower than expected in 2016-17 at 4.4%

[I]  Rs 55,000 crore of MSME loans may become NPAs

 

MARKETS (8.10 am)

[I]  SGX NIFTY Fut: 8927;  USDINR DGCX: 66.9025;  DJIA Mini Fut: 20848;  FTSE 100 Fut: 7266;  NIKKEI 225 Fut: 19226;  EUR-USD: 1.0582; Crude Oil (WTI): 54.11;  Gold (Spot): 1247

 

Best Regards, ARBIND

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