Macro Economic News 01 Jul 2017

 

FINANCIAL TIMES

[I]  China lashes out at US as Trump-Xi honeymoon ends

[I]  How central bankers rattled global markets

[I]  Fed stress tests give $1.6bn boost to Buffett

[I]  Global bond market sell-off infects equities

[I]  Airports prepare for tougher passenger security

[I]  Europe leaps past Asia in global M&A rankings

[I]  Tourists return to Turkey after 18-month crisis

[I]  Japan labour shortage hits 43-year high

[I]  White House offered to kill negative story, say hosts

[I]  Eurozone inflation slips in setback for ECB tapering

[I]  Bond sell-off slows and dollar inches higher

 

BLOOMBERG 

[I]  Cost of Getting on the U.K. Property Ladder Surges to Record

[I]  U.S. Crude Oil Production May Not Be Growing Quite So Fast

[I]  Hong Kong Faces Reality of Strong China 20 Years From Return

[I]  India Rolls Out Massive Tax Reform, Businesses Brace for Chaos

[I]  Controversial ‘Hunger Bonds’ Make Their Way Onto the Market

[I]  Investors Scramble to Keep Pace With New Market Outlook

[I]  Cash Won’t Be Obsolete in India Anytime Soon

[I]  The Tiny Satellites Ushering in the New Space Revolution

 

BUSINESS LINE

[I]  FinMin cuts small savings rates by 10 bps for second quarter

[I]  Asset quality, profitability of banks continue to deteriorate: RBI

[I]  E-commerce players stock up to counter GST impact

[I]  Fiscal worries: Revenue deficit surpasses full year target in May

[I]  Informal push: 27% rise in non-agri enterprises

[I]  Real estate sector sees input tax credit as game-changer

[I]  India Inc braces for 3-4 months of disruption

[I]  Sowing picks up as cotton area more than doubles

[I]  RBI flags concern over rising cyber attacks

[I]  GST: Brace to pay more for your insurance premium

 

ECONOMIC TIMES

[I]  SEBI toughens rules for credit rating agencies

[I]  Government's capital spending up 60%

[I]  12 large NPAs: Banks may see provisions doubling this year

[I]  RBI sees economy clipping at 7.3% in current fiscal

[I]  Government imposes 10 per cent customs duty on imported mobile phones, parts

[I]  New GDP base year tentatively pegged at 2017-18

[I]  Demonetisation failed to achieve what it was meant to: Expert

[I]  Forex reserves at fresh life-time high of $382.53 bn

[I]  Government to soon restrict layers of subsidiaries under companies law

 

BUSINESS STANDARD

[I]  Wake up to GST dawn: After 17 years of making, PM, Prez launch tax reform

[I]  Anarchy on India's roads has driverless car in a jam

[I]  Seven of 10 Indian professionals prefer flexi-work, Microsoft study finds

[I]  GST launch: The missing links in the midnight tryst

[I]  GST: Essential commodities to be cheaper, services dearer

[I]  Stressed banking sector might drag down growth: RBI report

[I]  June ends with 4% surplus rain

[I]  Core sector growth up 3.6% in May from 2.8% in April on energy push

 

Best Regards, ARBIND

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

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Macro Economic News 30 Jun 2017

 

FINANCIAL TIMES

[I]  Global bond market sell-off infects equities

[I]  Airports prepare for tougher passenger security

[I]  Europe leaps past Asia in global M&A rankings

[I]  China builds new missile shelters in South China Sea

[I]  Moon and Trump hope summit will ease tensions

[I]  Private equity buyouts hit highest level in decade

[I]  European watchdogs to clamp down on risky retail trading

[I]  Fed gives nod to ‘payout party time’ for banks

[I]  Europe’s revival boosts dealmaking

[I]  UK money markets flag near certainty of rate rise

 

BLOOMBERG 

[I]  Global Stocks Survive as Best Major Asset Class of Year

[I]  South Korea Is Very, Very Interested in America's Natural Gas

[I]  Oil Slump Wipes $137 Billion From Oil Drillers

[I]  Investors Scramble to Keep Pace With New Market Outlook

[I]  Insurance Is the Hot New Way to Avoid Taxes

[I]  Jack Ma's Shadow Looms Large for Banks Across Southeast Asia

[I]  Dollar's Battle Gets Harder With Fed No Longer Only Hawk in Town

[I]  Angst for Everyone in Markets as Chips Bleed With Bonds, Dollar

[I]  Japan’s Inflation Edges Up But Remains Far From BOJ’s Target

 

BUSINESS LINE

[I]  Exporters stand to lose exemptions as GST rolls in

[I]  Govt resolving capital cost issues for steel sector

[I]  SEBI chief cautions mutual funds on returns

[I]  Impact on organic farming will be negative: survey

[I]  RBI directive on withdrawals, transfers by payment banks

[I]  Vehicle dependability in India down

[I]  India among top 10 victims of Petya ransomware attack

[I]  Indian firms quickly reaching for the cloud: Oracle survey

 

ECONOMIC TIMES

[I]  Hope anti-profiteering law won't have to be used: FM Arun Jaitley

[I]  Sebi proposes relaxed entry norms for FPIs

[I]  Unincorporated units contribute Rs 11.5 lakh crore to economy

[I]  Asian Development Bank pledges $10 billion for development projects in India

[I]  Farm loan waiver may dent state finances, risk slippage: Fitch

[I]  Software prices to rise, end classification row

[I]  DIPP working on revamping manufacturing, industrial policy: Nirmala Sitharaman

[I]  Mega GST confusion: Here are five issues that need more clarity

[I]  Indians' money in Swiss banks hits record low of 676 million francs

[I]  No more GST confusion: Here are software and apps that help taxpayers

[I]  Niti chief Arvind Panagariya rubbishes jobless growth criticism as bogus

[I]  July 1 is not the date when your unlinked PAN will become invalid

 

BUSINESS STANDARD

[I]  9% pay raise new high in IT sector

[I]  Govt spending up 55% in April-May

[I]  India's loss is Brazil's gain: Cattle trade ban hits buffalo meat exports

[I]  SME preparedness: GST fears loom on Punjab's small businesses

[I]  Centre plans to integrate GST with PAN

[I]  This is not jobless growth, says Arvind Panagariya

[I]  Seventy per cent commodities to become cheaper under GST: ICAI

[I]  NITI Aayog to suggest development map for Rajasthan

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 9485;  USDINR DGCX: 64.9975;  DJIA Mini: 21269;  FTSE 100 Fut: 7277;  NIKKEI 225 Fut: 20014;  EUR-USD: 1.1442; Crude Oil (WTI): 45.24;  Gold (Spot): 1247

 

Best Regards, ARBIND

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

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