Macro Economic News 03 Jun 2017

 

FINANCIAL TIMES

[I]  Paris accord’s backers move to isolate Trump

[I]  Trump Paris rejection widens rift with Germany

[I]  Indonesia starts count to solve riddle of the islands

[I]  Putin defends Russian economy as reform debate grows

[I]  Legal headaches await Trump over Paris decision

[I]  Disappointing US jobs growth jolts markets

[I]  US faces struggle to ease Asian fears of retreat

[I]  Frustration deepens for value investors

 

BLOOMBERG 

[I]  Fed Officials Sharpen Concerns Over Trump's Immigration Policy

[I]  Australian Leader Warns China Against Trying to Bully Neighbors

[I]  Slower Hiring, Unemployment Drop Give Mixed U.S. Labor Signs

[I]  Wall Street Has More Bad News for OPEC: 2018 Doesn’t Look Great

[I]  U.S. Jobs Weakness May Be Temporary, But Loss of Momentum Isn't

[I]  Births in Japan Fall to Record Low in 2016

 

BUSINESS LINE

[I]  Maharashtra farmers’ strike sends vegetable, milk prices soaring

[I]  India ‘committed’ to Paris climate deal

[I]  FinMin aware of MSME concerns on GST rates: Kalraj Mishra

[I]  GST Council to finalise rates on biscuits, footwear, textiles

[I]  Economy to grow 7.5% this fiscal year : Panagariya

[I]  Govt to auction 71 mineral blocks

[I]  No exemption for MSME exporters

[I]  NIIT stresses on re-skilling of talent to stay industry-relevant

[I]  Kharif planting picks up momentum

 

ECONOMIC TIMES

[I]  Good news for for India Inc as GST Council may consider raising input tax credit

[I]  Telecom industry's debt at unsustainable level: SBI

[I]  India's No. 2 again, and PM Narendra Modi should be worried

[I]  Milk shortages may increase as farmer strike intensifies in Maharashtra

[I]  Veggies, milk prices up in Mumbai, Pune as supplies cut off

[I]  Nearly 3 lakh companies likely to face strict government action

[I]  Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

 

BUSINESS STANDARD

[I]  GST roll-out: Tax refund on stocks without invoice may go up

[I]  As Donald Trump exits Paris Agreement, other nations are defiant

[I]  Foreign creditors will have to wait to stake claims in insolvent companies

[I]  Capital goods firms, analysts hopeful for better order inflow

[I]  Stock clearing to rain discounts on consumers

[I]  Govt to review its export target in trade policy rejig

 

 

Best Regards, ARBIND

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

Macro Economic News 02 Jun 2017

 

FINANCIAL TIMES

[I]  May pledges to embrace ‘promise of Brexit’

[I]  Trump Paris rejection widens rift with Germany

[I]  Afghanistan rivalries weigh on Trump’s troop decision

[I]  Putin says ‘patriotic’ hackers might target foreign elections

[I]  Trump decides to keep US embassy in Tel Aviv

[I]  Italy raises growth estimate for first quarter

[I]  Cambodia’s PM warns of ‘civil war’ as poll looms

[I]  Putin adviser proposes Russia oil privatisation

[I]  China ready to cash in on machine learning

[I]  US audit watchdog pushes for greater disclosure

[I]  This season’s fashion is for high-risk junk bonds

 

BLOOMBERG 

[I]  May Seeks 'Good Deal for City' in Brexit Talks, CityAM Reports

[I]  Trump to Withdraw U.S. From Climate Accord to Seek Better Deal

[I]  S&P, Moody's Downgrade Illinois to Near Junk, Lowest Ever for a U.S. State

[I]  Everyone But Donald Trump Is Standing By the Paris Climate Agreement

[I]  The U.S. Is The Loser as Trump Dumps the Climate Accord

[I]  The Country Adopting Electric Vehicles Faster Than Anywhere Else

[I]  This Is Where Intolerance Is Highest on Religion, Culture, Race

[I]  Danger Down Under: Yields Drop With Iron to Fuel Recession Talk

[I]  Asia Volatility Supply Shrinks as Korea's Callable Bonds Vanish

 

BUSINESS LINE

[I]  Dip in GDP not due to note ban alone: Jaitley

[I]  New rules may slaughter a Rs. 2,000-cr industry

[I]  Cars, two-wheeler sales up in May on positive sentiment

[I]  Artificial Intelligence ‘emerging piece by piece’ to build high-impact solutions

[I]  What’s puzzling in the newly released GDP data

[I]  Arbitration scheme no relief for road developers: Ind-Ra

[I]  IT exports from Telangana rise 14% to Rs. 85,470 crore

 

ECONOMIC TIMES

[I]  Aadhaar gets new security guards after widespread data leak fears

[I]  China stumps market, pushes yuan to 7-month highs

[I]  Farmer strike forces Maharashtra government to lift stock limit on pulses

[I]  Indian exports to China rises sharply in first four months

[I]  Several factors responsible for decline in GDP growth: Arun Jaitley

[I]  There are 160 reasons India won't escape GST chaos

[I]  India's debt remains `significantly' high, higher than Bahamas and South Africa, says Moody's

[I]  Manufacturing activity expands at a slower pace in May

[I]  Next GDP series may use FY 2017-18 as base: Chief statistician TCA Anant

[I]  Government looks to tweak financing model for skilling in favour of private companies

[I]  GDP growth of 7-8 per cent 'fairly reasonable', says Finance minister Arun Jaitley

[I]  Niti Aayog to merge vision document, strategy paper

[I]  Only Rs 5,000 crore of income declared under PMGKY: Government

 

BUSINESS STANDARD

[I]  Economic slowdown hits domestic market-focused companies

[I]  Arun Jaitley downplays note ban shadow on growth

[I]  New rules for packaged commodities sold through e-commerce platforms

[I]  Food firms see appetite for health, nutrition products

[I]  IT industry layoffs: More complaints filed against Wipro, Cognizant, others

[I]  Car sales increase 9% in May

[I]  Indian carriers' Q4 numbers boosted by non-core income

[I]  India, Russia to develop 'independent' credit rating industry

[I]  Illicit trade should be treated as national threat: Ficci

[I]  Informal economy feels the most note ban jitters in Q4

[I]  Factory output growth stumbles in May after rising for 3 straight months

[I]  Steel gets a boost as govt steps in to support demand

 

MARKETS (8:20 am)

[I]  SGX NIFTY Fut: 9672;  USDINR DGCX: 64.5400;  DJIA Mini Fut: 21192;  FTSE 100 Fut: 7578;  NIKKEI 225 Fut: 20139;  EUR-USD: 1.1216; Crude Oil (WTI): 48.10;  Gold (Spot): 1260

 

Best Regards, ARBIND

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