Macro Economic News 15 Apr 2017

 

FINANCIAL TIMES

[I]  Fall in US consumer prices dents ‘Trumpflation’ hopes

[I]  Big US banks defy calls for break-up

[I]  China warns that Korean ‘storm is about to break’

[I]  Work review eyes pay premium for zero-hours contracts

[I]  China regulator’s detention heralds purge on insurers

[I]  Trump’s foreign exchange wobbles risk backlash

[I]  UK hiring slowdown eases for biggest recruiters

 

BLOOMBERG 

[I]  China Warns of War Risk as Trump Rattles Saber at North Korea

[I]  U.S. Urges China to Open Trade After Sparing It Manipulator Tag

[I]  Feldman: On China, Trump Realizes Trade and Security Mix

[I]  Russia Says Evidence Growing Syria Chemical Attack Was Staged

[I]  The Great Japan Potato-Chip Crisis: Panic Buying, $12 Bags

[I]  North Korean Official: Situation in a 'Vicious Cycle'

[I]  Fear Is Creeping Back Into Markets

[I]  Billionaire Bets on Old-School Energy in $3 Billion Conoco Deal

[I]  India Gold Imports Said to Jump 582% on Festival, Wedding Demand

 

BUSINESS LINE

[I]  Govt begins to walk the talk on governance in PSU banks

[I]  Operation Clean Money-II: 60,000 people under I-T scanner

[I]  PM looks to recharge BHIM

[I]  As VC funds dry up, male-grooming start-ups look to FMCG firms for investments

[I]  PM launches GNFC’s cashless/less cash township model across 12 States

[I]  GST: CBEC suggests e-way bill for moving goods over Rs. 50,000

[I]  Small-saving schemes still popular despite lower returns

[I]  India should lead the happiness index rankings too: President

 

ECONOMIC TIMES

[I]  Card companies lobby to ensure they don’t lose out to UPI, BHIM

[I]  China stocks fall on concerns about state regulation, economic data

[I]  Nikkei slips to 4-month low on mounting North Korea worries

[I]  BRICS bank plans to issue rupee, yuan bonds this year: KV Kamath

[I]  EU's wheat reserves shrinking to 13-year low

[I]  Trademarks by foreign firms doubled in 2015-16: Report

[I]  Farmers in Maharashtra won’t sow crops or sell their produce until their demands are met: Reports

[I]  Pakistan exports to India grew despite tension: Report

[I]  Credit profile to improve if India sticks to fiscal path: Moody's

[I]  World Bank may include 8 more cities in ease of business rating

 

BUSINESS STANDARD

[I]  Gold imports up since demonetisation: Black money turned white, then yellow

[I]  Domestic drug regulator plans to inspect firms abroad, like USFDA

[I]  Govt eyes Rs 35,000 cr from PSU stake sale

[I]  Rising rupee another risk for Indian pharma

[I]  Shadow on states' solar energy strategy

[I]  Your food set to get cheaper as service charge on restaurant bills could go

[I]  Forex reserves down $956.4 mn to $368.998 bn

 

Best Regards, ARBIND

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

Macro Economic News 13 Apr 2017

 

FINANCIAL TIMES

[I]  Brexit risks pushing UK out of EU space contracts

[I]  Trump sends dollar down with warning buck too high

[I]  Trump labels North Korea ‘menace’ after phone call with Xi

[I]  Real hit as Brazil court orders new corruption probes

[I]  Beijing bans home ads touting returns or feng shui

[I]  China’s coal-conversion plants surge back to life

[I]  IMF warns of protectionist risk to global recovery

[I]  Zimbabwe to allow goats, cows and sheep as bank collateral

[I]  Fears mount over US construction boom

 

BLOOMBERG 

[I]  RBA Intensifies Alert on Household Debt, Property Market Risks

[I]  Singapore Sticks to Neutral Monetary Policy as GDP Contracts

[I]  Pricey Indian Stock Valuations Widen Premium Over Peers

[I]  Australian Employment Surges in March on Full-Time Jobs Rebound

[I]  Sorry Australia, Americans Prefer Pricier New Zealand Wines

[I]  China's Silk Road Push in Pakistan Edges Out U.S. Investments

[I]  Australia's Labor Market Remains Key to RBA Policy

[I]  Bank of Korea Holds Rate Steady, Sees Slightly Faster Growth

[I]  Buyers in World’s Biggest Oil Market Get a Free Flow of Crude

[I]  India Gets Record Low Bid to Build Solar Power, Minister Says

 

BUSINESS LINE

[I]  Lower fiscal deficit to 2.5% by FY23: NK Singh committee

[I]  Australian storm may fuel steel price hike in India

[I]  PAC pitches for reducing Centre’s contribution to EPFO pension fund

[I]  No 2nd chance for start-ups that did not get tax sops

[I]  Manufacturing drags IIP down to 4-month low in Feb

[I]  RBI proposes simplified forex hedging facility

[I]  For banks, asset quality pressure likely to continue this fiscal: ICRA

 

ECONOMIC TIMES

[I]  Sebi plans to make monitors mandatory for IPOs up to Rs 500 crore

[I]  IPO mania set to hit Dalal Street: Govt identifies 6 PSUs to list on bourses

[I]  Investing lessons from Mahabharata: It’s okay to earn less, but not okay to lose it all

[I]  Yen hits multi-month highs as risk-off mood persists

[I]  Most Asian currencies rise as geopolitical concerns ease

[I]  Haryana government to promote micro irrigation by providing incentives to farmers

[I]  Onion farmers suffered losses of Rs 1,336 crore in 2016-17

[I]  India asks US to relax norms for greater access to mangoes

[I]  Global trade to pick up pace this year, WTO pegs growth at 2.4% in 2017

[I]  Core consumer price inflation seen at 4.8-4.9% in March

[I]  Individuals could cover exchange rate risk up to $30 million: RBI draft guidelines

[I]  Cabinet orders winding up government’s procurement department, to replace with e-marketplace

[I]  Finance Ministry sets up panel to take stock of virtual currencies

 

BUSINESS STANDARD

[I]  FRBM panel sets 2.5% fiscal deficit target by FY23

[I]  Cyber breaches have cost shareholders billions since 2013

[I]  E-commerce firms should look at profitability, not valuation: Deepak Parekh

[I]  Detergent prices to rise as chemical duty kicks in

[I]  The sooner bad bank is set up, the better it is for India: Henry Kravis

[I]  Higher fuel prices drive up March CPI to five-month high at 3.81%

[I]  Govt rejects Apple's demands for tax exemptions

[I]  Industrial output fell 1.2% in Feb on poor show in capital goods

 

MARKETS (8.00 am)

[I]  SGX NIFTY Fut: 9202;  USDINR DGCX: 64.6325;  DJIA Mini Fut: 20498;  FTSE 100 Fut: 7274;  NIKKEI 225 Fut: 18345;  EUR-USD: 1.0674; Crude Oil (WTI): 53.09;  Gold (Spot): 1287          

 

Best Regards, ARBIND

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

Macro Economic News 12 Apr 2017

 

FINANCIAL TIMES

[I]  Paris signatories in dispute over financing

[I]  G7 throws lifeline to UN-backed Libyan government

[I]  Syrian regime steps up attacks on rebels

[I]  Investors sell off French debt as leftwinger surges

[I]  Kremlin’s power brokers jostle to succeed Putin

[I]  Trump’s road does not lead to Rome — or to the Pope

[I]  Populism pushback rests on reform in Paris and Rome

 

BLOOMBERG 

[I]  Deeper Capital Markets Hold Key to Asia's $800 Billion Question

[I]  China's Factory Inflation Eases as Commodities Rebound Weakens

[I]  Skyscraper Rents Surge in Sydney, Slump in Shanghai and Singapore

[I]  Trump Transition Team Faces Spending Review at Warren's Urging

[I]  Putin Has Eastern Europe Hearing Trump's Call to Arms

[I]  A Foreign Threat to U.S. Treasuries That Dwarfs Fed's Debt Hoard

[I]  Asian Nations Swimming in Debt at Risk From Fed Rate Hikes

[I]  Marijuana Companies, Soaring in Stock Market, May Tap Bonds Next

[I]  Japanese Yen Strengthens, Breaking Below 110 Per Dollar

[I]  EU Sees ‘Renewed Sense of Urgency’ in Trade Talks With Japan

 

BUSINESS LINE

[I]  Auto-makers stuck with 1. 2 lakh BS-III vehicles worth Rs. 5,000 cr

[I]  For truck firms, slowdown makes it a double whammy

[I]  Govt to release jobs data every quarter: Gowda

[I]  Anti-dumping duty likely on hot, cold rolled steel items

[I]  Exim Bank of India’s credit support to projects in Bangladesh touches $9.46 b

[I]  Highway liquor ban: Hotel industry reviewing legal options

[I]  Centre to buy one lakh tonne potato from UP farmers

[I]  Nabard to raise Rs. 7,000 crore to help fund rural housing

 

ECONOMIC TIMES

[I]  Digitisation changing the face of agri sector

[I]  Top global money manager cuts Asia bond holdings as rally in India fades

[I]  No plans to waive farm loans: Government

[I]  After RBI, Nabard says loan waivers a bad idea

[I]  Sugar output in Maharashtra falls to lowest in a decade

[I]  India-UK FTA will mark 26% increase in bilateral trade: Report

[I]  India, Georgia begin free trade agreement talks

[I]  FIEO to engage with traders in North-East to promote exports

[I]  Jharkhand ready to take off in development horizon: World Bank

[I]  Mission to infuse capital in banks not the last step: Arun Jaitley

[I]  Government sets up inter-ministerial panel to monitor UDAN

[I]  70% of all goods and some consumer durables to become cheaper under proposed GST regime

 

BUSINESS STANDARD

[I]  NPA policy: Govt to help banks speed up decisions

[I]  Domestic steel companies focus on exports to enhance revenues

[I]  OPEC's war on oil overhang starts to bear fruit

[I]  Mission Indradhanush to infuse capital in banks not the last step: Jaitley

[I]  Exporters raise concerns over a strong rupee eroding margins

[I]  Govt may soon fix food portions in restaurants, hotels

[I]  Banks cutting rates to use liquidity available, says Arun Jaitley

 

MARKETS (7.30 am)

[I]  SGX NIFTY Fut: 9242;  USDINR DGCX: 64.7700;  DJIA Mini Fut: 20559;  FTSE 100 Fut: 7309;  NIKKEI 225 Fut: 18523;  EUR-USD: 1.0610; Crude Oil (WTI): 53.57;  Gold (Spot): 1278

 

Best Regards, ARBIND

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

Macro Economic News 11 Apr 2017

 

FINANCIAL TIMES

[I]  Blame technology not globalisation for rising inequality, says IMF

[I]  US scuppers G7 joint statement on climate change

[I]  G7 hardens line on Russia backing Assad

[I]  Ukraine central bank chief resigns

[I]  Schulz sticks to Germany’s austerity recipe for EU

[I]  Trump disaster averted is a success for Beijing

[I]  Global institutions defend benefits of trade

[I]  Japan’s population set to fall to 88m by 2065

[I]  Calls for delay to India’s goods and services tax

[I]  Hedge funds extend bearish agricultural bets

 

BLOOMBERG 

[I]  Australian Business Conditions Jump to 2008 High in Show of Strength

[I]  Trump Faces Showdown With G-7 Over Climate Stance Next Month

[I]  Flash-Crash Trader Jumps Into Currency Market When Others Flee

[I]  China Is Playing a $9 Trillion Game of Chicken With Investors

[I]  Putin Has Eastern Europe Hearing Trump's Call to Arms

[I]  A Foreign Threat to U.S. Treasuries That Dwarfs Fed's Debt Hoard

[I]  China's Changing Economy Helps Explain Taming of Trump's Threats

[I]  Australia's Biggest Pension Fund Eyes U.S. Infrastructure

[I]  HKMA Is Expressing Concern About Mortgage Risks

[I]  Distressed Asia Bonds Keep Winning as Risky Bets on Junk Pay Off

 

BUSINESS LINE

[I]  Cyclical sectors seen driving India Inc’s performance in Q4

[I]  India, Cuba resist pressure on WTO e-comm rules

[I]  India, Australia to kick-start deadlocked CECA talks soon

[I]  India Gateway Terminal clocks 17% increase in cargo volumes in FY17

[I]  European Bank for Reconstruction keen to work with Indian companies

 

ECONOMIC TIMES

[I]  Geopolitical risks set to keep crude oil market buyout, but US output to weigh

[I]  30% of Indian organisations ready to adopt change management practices in India: Survey

[I]  India Inc gears up to combat terror, crime

[I]  China is doing more business with India, but it's still far from smooth sailing

[I]  Government forgoes Rs 56,000 crore tax to SEZ in April-December FY17

[I]  Higher production costs impact manufacturing competitiveness: FICCI survey

[I]  70% of all goods and some consumer durables to become cheaper under proposed GST regime

[I]  Government reduces number of centrally sponsored schemes to 28

[I]  Niti Aayog close to finalising 3-year action plan

 

BUSINESS STANDARD

[I]  Brands to get a ticket to ride on Indian Railways

[I]  IT firms may post poor Q4 numbers as uncertainties remain

[I]  Note ban made honest, hardworking taxpayers suffer: Parliamentary committee

[I]  Centre issues half of rural job guarantee scheme allocation

[I]  Production cut looms large in India's cotton spinning sector

[I]  Making PMAY a success: PMO, realty developers meet on affordable housing

[I]  India & Australia commit to begin uranium exports, hold talks on trade pact

[I]  Strong rupee lures FPIs to Indian bonds

[I]  Onion exports triple over FY16 after govt sales push

 

MARKETS (7.30 am)

[I]  SGX NIFTY Fut: 9217;  USDINR DGCX: 64.6950;  DJIA Mini Fut: 20600;  FTSE 100 Fut: 7293;  NIKKEI 225 Fut: 18742;  EUR-USD: 1.0586; Crude Oil (WTI): 53.10;  Gold (Spot): 1254

 

Best Regards, ARBIND

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