Saturday 11 March 2017


Macro Economic News 11 Mar 2017

 


[I]  White House civil war breaks out over trade

[I]  EU prepares for Britain to trigger start of Brexit

[I]  Stronger signal for US telecoms M&A

[I]  Euro jumps as ECB declares victory against deflation

[I]  Mexico lawmaker draws line in sand over Trump wall

[I]  Strong US jobs growth paves way for Fed rate rise

[I]  Beijing defends clampdown on ‘over the top’ deals

[I]  New-generation UK banks challenge with technology

[I]  US 10-year Treasury yield at 2.57% after jobs data

[I]  Risky US corporate debt loses shine

[I]  ECB rate rise expectations leap on Draghi signals

 


[I]  U.S. Jobs, Pay Show Solid Gains in Trump's First Full Month

[I]  America's Labor Market Is Getting Better by Almost Any Measure

[I]  Oil Traders Are Having Some Fun Again as Price Bubble Bursts

[I]  Race to Bottom on Costs May Cause Oil to Choke on Supplies

[I]  May Hears Hard Truths About Brexit as EU Prepares for Talks

[I]  Singapore Property Stocks Soar to 2015 High as Curbs Eased

[I]  India Lost 11 Billionaires Last Year

[I]  Deadly Dispute at Auto Giant Highlights India's Jobs Malaise

 


[I]  Centre’s tax kitty at 81.5% of full fiscal target

[I]  Now, a two-month breather for techies after H-1B visa expiry

[I]  Excise receipts from petro products zoom 125%

[I]  Capital push: Factory output rises 2.7% in January

[I]  Regulator should use fines to compensate victims fully

[I]  RBI cap on cash for gold loans keeps non-banking finance firms under check

 


[I]  Reserve Bank sold more dollars than it bought in January to calm the rupee

[I]  M&A in February down by 43% due no big ticket transactions: GT Dealtracker

[I]  FPIs exploring to invest directly in India rather than through another country

[I]  India's foreign exchange reserves jump $1.2 bn

[I]  Government mobilises 6.4 tonne gold under monetisation scheme

[I]  Notes in circulation drop to Rs 11.73 lakh crore, post ban

[I]  Indirect tax revenue grows 22 per cent in April-February; direct tax up 10.7%

[I]  India’s top 50 cities have seen huge spurt in consumption: EY report

[I]  E-vehicles push: Govt to focus on public transport for impact

[I]  Govt to act tough against wilful defaulters; loans worth Rs 50,000 crore under scanner

 


[I]  Auto sales flat in Feb after note ban impact wanes

[I]  NPPA's drug overcharging penalty at a record high

[I]  Companies lining up to buy business jets

[I]  Indirect tax revenue grows 22% in Apr-Feb; direct tax up 10.7%

[I]  Infra investment trusts hit new NHAI hurdle

[I]  Govt considers raising import duty on pulses

 
 

Best Regards, ARBIND

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

 
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Friday 10 March 2017

Macro Economic News 10 Mar 2017

 


[I]  Stronger signal for US telecoms M&A

[I]  Euro jumps as ECB declares victory against deflation

[I]  Second Scottish independence vote looks ‘inevitable’

[I]  Energy sector weighs rewards and risks under Trump

[I]  Japan moves to counter ‘real threat’ from N Korea

[I]  Capital controls the talk of China parliamentarians

[I]  Self-driving car numbers double on California roads

[I]  Big news brings only tiny returns for publishers

[I]  Oil slide continues as benchmark falls below $49

[I]  Stoicism and resignation in play as Brexit nears

[I]  Risk of faster US interest rate cycle looms

 


[I]  Freddie Mac Considers Backing Single-Family Home Rentals

[I]  Tsipras Faces Fight as Greek Opposition Won't Back New Measures 4 hours ago

[I]  Australian State Reeling From China Slowdown Poised to Punish PM

[I]  Wealth Divide Spurs Rise of Trump-Style Populism in Australia

[I]  Millennial Movers Breathe New Life Into Japan's Dying Towns

[I]  A World Without Wi-Fi Looks Possible as Unlimited Plans Rise

[I]  Oil Drops Below $50 for First Time Since December on Supply Glut

[I]  Trump Promised to Eliminate National Debt in Eight Years. Good Luck With That

[I]  China Developing Advanced Spaceship That Can Land on the Moon

[I]  Shale Billionaire Hamm Says Industry Binge Can ‘Kill’ Oil Market

[I]  The Market Is Suddenly Having Second Thoughts on Reflation

[I]  U.S. Consumer Comfort Just Reached Its Highest Level in a Decade

[I]  China Factory Prices Extend Surge in February

 


[I]  Tender coconuts turn harder on wallets

[I]  Bribing voters will soon be a cognisable offence

[I]  Car market crash leaves Nepal crying for cash

[I]  PM hopes for a breakthrough in GST

[I]  Just about half the candidates who get skilled land jobs

[I]  Govt move to incentivise mineral explorers

[I]  Some banks may default on coupon payments, says Fitch

[I]  Finance Minister to discuss bad loans with bank chiefs today

 


[I]  US firms imposing new clauses on Indian cos fearing Trump

[I]  Social security cover for over 45 cr workers on the lines of western counties soon

[I]  Temprature drop in north India creates bright prospects for Wheat production

[I]  After Kharif, India set to reap record rabi crops: NCAER

[I]  Shortage of cold-storage space hurts West Bengal's potato farmers

[I]  'India's current account deficit to touch $30 billion in 2018'

[I]  Demonetization likely to be credit positive for sovereign over time: Moody’s

[I]  India’s top 50 cities have seen huge spurt in consumption: EY report

[I]  Affordable public WiFi: Trai asks DoT to tweak rules

[I]  For more transparency, govt bars convicted firm from bidding govt tenders

 


[I]  Upside to corporate profitability limited in FY18: CRISIL

[I]  Arun Jaitley, Urjit Patel to discuss NPAs, 'bad bank' today

[I]  Govt cracks down on P-Note misuse

[I]  Indian steel exports overtake imports after a gap of 3 years

[I]  Parliament passes bill to raise maternity leave to 26 weeks

[I]  Govt unveils draft security rules for e-wallet firms

[I]  Direct tax mop-up till February high but below target

[I]  Railways seek reimbursement for IRCTC service charge waiver

[I]  Insolvency professionals seek more protection

 

MARKETS (7.10 am)

[I]  SGX NIFTY Fut: 8972;  USDINR DGCX: 66.7875;  DJIA Mini Fut: 20873;  FTSE 100 Fut: 7328;  NIKKEI 225 Fut: 19547;  EUR-USD: 1.0588; Crude Oil (WTI): 49.65;  Gold (Spot): 1199

 

Best Regards, ARBIND

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

 
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Thursday 9 March 2017


Macro Economic News 09 Mar 2017

 


[I]  US and North Korea on collision course, says China

[I]  Wall St spends record $2bn on US election lobbying

[I]  UK sets out post-Brexit vision in Budget

[I]  US missile shield drives wedge between S Korea and China

[I]  World Bank arm accused of ‘profiting from murder’

[I]  Trump’s China trademarks raise new ethics questions

[I]  North Korean banks barred from Swift system

[I]  Global investors return to China’s bad debt market

[I]  Business is burying its head in sand over Brexit

 


[I]  Wind Power Blows Through Nuclear, Coal as Costs Plunge at Sea

[I]  China Factory Prices Extend Surge in February, Lifting Reflation Outlook

[I]  Australia Is One of the World's Fastest-Growing Wealthy Nations

[I]  There's No Housing Bubble in Australia, Heads of Big Banks Say

[I]  Oil Slumps to Lowest This Year as Traders Focus on Record Supply

[I]  As the World's Wealth Rises, Australia is the Biggest Winner

[I]  Where Women Rule Finance and Men Think Banking Is Boring

[I]  Asia's Top Performing Currency May Hit Rough Waters

[I]  Japan's Pay Gap Widens in Peak Earning Years

[I]  Japan Poised for Its Longest Run of GDP Growth in a Decade

 


[I]  US’ first trade salvo to hit India’s export sops

[I]  Delhi govt slashes VAT on jet fuel to 1% from 25%

[I]  All bidding fund managers to get a slice of NPS pie

[I]  Auto industry has not sought deadline extension for BS-IV norms: SIAM

[I]  Cost accountants’ body to train 15 lakh traders in GST basics over the year

[I]  The sugar situation could turn explosive

 


[I]  Tough times for startups, IT: With layoffs rampant, hiring platforms buzz aloud

[I]  Global risk sentiment and dollar strength will drive crude prices in short term

[I]  Niti Aayog forms panel on model contract farming

[I]  Spend 30% of agri-fund on women farmers: Centre to states

[I]  No dry weather this year! El Nino seen arriving too late to hurt India's monsoon rains

[I]  Likely rise in Feb inflation may push RBI to act: Report

[I]  India proposes smallest duty cuts for China, highest for ASEAN in RCEP pact

[I]  NREGS to get half of total funds at the start of FY18

[I]  Companies want their vendors to cut price by 10% due to GST benefits

[I]  Currency in circulation at two thirds the pre-note ban levels in early November

Adhere to spending cap in March: FinMin to ministries

[I]  Government in talks with 300 companies to attract $62 billion investment

[I]  Window closes today for submitting comments on Voluntary Liquidation regulations

 

 


[I]  Long wait for a shorter trade route to Russia ends

[I]  Indian outsourcing firms look to get ahead of immigration curbs

[I]  To expedite PSU listing, Centre to dial Sebi

[I]  FMCG to get a major push via govt's common service centres

[I]  Bumper pulses harvest difficult to sustain: Experts

[I]  PE investments in logistics at $500 million in 2016-17

[I]  Now, Centre makes Aadhaar mandatory for crop insurance schemes

[I]  Investors bullish on deep technology start-ups

[I]  Smaller VC firms ride on Sidbi and local investors

[I]  Portfolio managers' assets drop to Rs 11.89 lakh cr in February

[I]  Equities fail to shine in 10-yr return chart

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 8907;  USDINR DGCX: 66.9475;  DJIA Mini Fut: 20855;  FTSE 100 Fut: 7303;  NIKKEI 225 Fut: 19282;  EUR-USD: 1.0542; Crude Oil (WTI): 50.61;  Gold (Spot): 1207

 

Best Regards, ARBIND

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

 
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Wednesday 8 March 2017

Macro Economic News 08 Mar 2017

 


[I]  China rebukes US for anti-missile shield in S Korea

[I]  China forex reserves break 8-month run of declines

[I]  Brazil’s economy contracts for an eighth quarter

[I]  Israel to bar foreigners who back country boycott

[I]  Somalia to print first banknotes in 25 years

[I]  Will EU core states leave rest behind after Brexit?

[I]  German trade surplus sparks concern at home and abroad

[I]  Slowing India property market stirs investor angst

[I]  India needs more reform to woo long-term investment

 


[I]  The Shale Industry Is Scrambling to Catch Up to Its Own Boom

[I]  U.K.'s May Fights Back After Another Brexit Law Defeat in Lords

[I]  Russia Is Running on More Than Just the Black Stuff

[I]  China's Running Out of Time to Cut Excess Capacity

[I]  London Landlords Cut Luxury-Home Rents as Brexit Damps Demand

[I]  Japan's 4Q Growth Raised to 1.2% as Exports Drive Investment

[I]  Australian Iron Ore Port Sees Record Cargoes Even After Bad Weather

[I]  Cash Dwindles to Two-Decade Low in Global Investor Portfolio

 


[I]  Glass ceiling has cracked, but is still unbroken

[I]  NRI deposits plunge $15 b in April-Dec period on FCNR redemption

[I]  Highway projects to yield Rs. 12,000-cr investments for Gujarat: PM

[I]  SEBI may soon give green signal for ‘accredited investors’

[I]  India temporarily suspends import of agri-commodities from Vietnam

[I]  Sugar industry prunes production estimate

[I]  Diversity at the workplace is a win-win, says Corporate India

 


[I]  Debt ridden companies to provide inbound M&A opportunities: Study

[I]  Bengal farmers consider suicide as cold storage options dry up for potato crop

[I]  Sugar output to fall 19% this season

[I]  Indian economy to grow 7.1% in this fiscal; Dec quarter GDP numbers surprising: Fitch

[I]  Blame GST if your glucose biscuit packets feel lighter from July

[I]  Aadhaar made must for free LPG connections too

[I]  CBDT asks officials to monitor tax collections, take measures to achieve budget target

[I]  Energy policy may bring subsidy cut, price control in power, fertilisers

[I]  BSNL, MTNL merger plan back on discussion table

[I]  GST set to complicate operations for banks

[I]  Commerce Ministry in talks with World Bank for Logistics Performance Index

[I]  Govt to make PSU banks recapitalisation norms more stricter

[I]  Govt wants to extend e-visa facility to business travellers

 


[I]  I-T heat on 4,000 firms for unusual cash deposits

[I]  India going big on refining capacity; may overtake Russia in capacity

[I]  Decline in revenue, profitability in store for two-wheeler majors

[I]  Iron ore industry demands market driven price

[I]  Chinese imports, economic slowdown trim trucks & bus tyre production by 20%

[I]  No one will be deprived of benefits for lack of Aadhaar: Govt

[I]  India open to widest cyber security pact, says Ravi Shankar Prasad

[I]  Funds to be ready for govt schemes from April 1: Arun Jaitley

[I]  New panel on education policy this week

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 8969;  USDINR DGCX: 66.7725;  DJIA Mini Fut: 20884;  FTSE 100 Fut: 7316;  NIKKEI 225 Fut: 19242;  EUR-USD: 1.0566; Crude Oil (WTI): 52.83;  Gold (Spot): 1218

 

Best Regards, ARBIND

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

 
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