Saturday, 2 December 2017

Macro Economic News 02 Dec 2017

 


[I]  Republicans ‘have the votes’ to pass tax plan

[I]  Rio investors back remuneration chief as next chair

[I]  David Cameron: I saw a world of darkness getting bigger and bigger

[I]  UK concessions mark slow surrender to Brexit reality

[I]  Emperor Akihito of Japan to abdicate in April 2019

[I]  Brexit arrives early in Frankfurt property market

[I]  US retailers lure customers with spas, parties and restaurants

[I]  Plan to scrap late tax return fines ‘may backfire’

 


[I]  Indian November factory growth fastest since late 2016 currency shock - PMI

[I]  U.N. council to meet on North Korea rights abuses, nuclear programme in December

[I]  Fear of missing out keeps investors in stocks despite risks

[I]  U.S. Senate Republicans trim tax bill to secure needed votes

[I]  EU could give the nod next week to trade talks with Britain

[I]  Trump likely to recognise Jerusalem as Israel's capital next week: official

[I]  Race is on to sell tax-free bonds ahead of U.S. tax changes

[I]  Canadian dollar rallies the most in 21 months on jobs surge

[I]  U.S. factory activity cools, with employment index edging lower

[I]  November was best month for euro zone factories in over 17 years - PMI

 


[I]  Hedge Funds Signal Trust in OPEC

[I]  Commodity Prices Are Threatened More By Tweets Than China

[I]  Senate Suspends Bill Votes to Friday Morning: Tax Debate Update

[I]  Brexit May Leave Banks on the Hook for Impossible Contracts

[I]  Here’s Where the GOP Tax Plan Stands Right Now

[I]  OPEC Can Drain Some Oil Barrels With a Calculator

[I]  Bitcoin Futures Will Trade on CME, Cboe

[I]  Australian Banks' U-Turn on Conduct Probe Is Bid to Cut Risk

[I]  China Bans Unlicensed Micro-Loans, Caps Rates to Limit Risks

[I]  Central Banks Find That a Tool to Curb Bubbles Is Doing the Job

[I]  Japan's Economy Is Still Outrunning Its Potential Growth Rate

 


[I]  Cabinet gives nod to set up Rs. 9,000-cr nutrition mission

[I]  One-month deadline set to complete re-verification of mobile numbers

[I]  Post GST, demand for steel yet to recover

[I]  Indian, US outfits team up to fund start-up accelerator

[I]  Indian renewable players eye overseas market for growth

[I]  Enough of meddling, let’s concentrate on the future

[I]  Minimum holding norm for mid-cap MFs can bring Rs. 19,000 cr into market: CLSA

[I]  India heading for another record tea output this year

[I]  New financial resolution Bill ‘must ensure safety’ of depositors’ money

 


[I]  A nascent sector may hold the key to pulling millions out of poverty

[I]  South East Asia Stocks: Singapore gains; Philippines falls to 2-month low

[I]  Forex reserves back above $400 billion after 5 weeks

[I]  India’s bond market is telling you an interesting story: You noticed?

[I]  Opec's easy win masks tough oil market choices still to come

[I]  Retail inflation for industrial workers up 3.2% in October

[I]  IMF to update India growth rate forecast in January

[I]  FRDI Bill: FM Jaitley hints at corrections

[I]  DoT allows call-based number re-verification

[I]  Commerce Secretary for review of import duty on gold

[I]  CBDT warns taxman against roving, fishing scrutiny inquiries

[I]  View: GDP numbers on upturn but India still in the thick of a slowdown

 


[I]  Auto sales grew 14% in November

[I]  Paradise Papers: Task force asks tax dept to send notices to 714 persons

[I]  Resale curbs likely in toxic asset auctions

[I]  Retailers go to small towns for big growth

[I]  New identification scheme for children below 3 likely

[I]  Designing a better future for India

[I]  PMI manufacturing at 13-month high

[I]  New Finance Commission may penalise states for bad show in schemes

[I]  Onion prices rally in Asia as India restricts exports

 

Best Regards, ARBIND

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Friday, 1 December 2017

Macro Economic News 01 Dec 2017

 


[I]  Oil output cuts to be extended throughout 2018

[I]  Trump puts talks to boost China economic ties on ice

[I]  US seeks to deny China market economy status in WTO

[I]  Republicans’ tax reform drive thrown into turmoil

[I]  Unionists warn May over Brexit Irish border talks

[I]  India’s economy rebounds after five quarters of declining growth

[I]  US renews demands for global isolation of North Korea

[I]  Bank of Korea raises interest rates for first time in 6 years

[I]  Chinese labour moved by party diktats as well as market forces

[I]  Australia to hold public inquiry into banks’ misconduct

 


[I]  India sees growth rebound as businesses adjust to GST

[I]  U.S. oil steady after OPEC extension of production cut

[I]  Japan consumer prices, household spending raise doubts about inflation

[I]  Japan November factory activity growth fastest in over 3-1/2 years on exports boom

[I]  India's fiscal deficit reaches 96 percent of FY target in October

[I]  Arun Jaitley says intends to follow fiscal glide path

[I]  U.S. formally opposes China market economy status at WTO

[I]  Bitcoin loses over a fifth of its value in less than 24 hours

[I]  Arun Jaitley says intends to follow fiscal glide path

 


[I]  Abe's Efforts to Cut Mobile Phone Bills Undercut Kuroda's BOJ

[I]  South Korean Inflation Slips to 1-Year Low While GDP Strengthens

[I]  Kuroda Gives Japan's Long-Suffering Bond Dealers Hope for 2018

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

[I]  U.S. Lashes Out at China Over North Korea, Market Reforms

[I]  May's Brexit Breakthrough at Risk as Irish Parties Dig In

[I]  EU Migration to the U.K. Plummeted 43% One Year After Brexit Vote

[I]  OPEC and Russia Extend Output Cuts, Boosting Oil Alliance

[I]  Hong Kong Property Doom Doesn't Begin at 1%

[I]  Australian Banks' U-Turn on Misconduct Probe Is Bid to Cut Risk

[I]  France Will Press China for More Financial Market Access

[I]  Russia Plans Yuan Bond Sale With Sanctions Threat Nearing

[I]  India’s Economy Bounces Back From Three-Year Low

 


[I]  ‘Employees and even tea vendors can invoke IBC to find redress’

[I]  GDP: Slowing private consumption a concern

[I]  Job-creating sectors set to get more sops under export scheme

[I]  Cannot provide relief for de-registered firms, disqualified directors: Minister

[I]  India has standardised itself for 7-8% growth: Jaitley

[I]  SBI raises bulk deposit rates by 100 bps

[I]  Post ‘infrastructure’ tag, logistics firms set store by warehouses, container depots

 


[I]  OPEC agrees oil cut extension to end of 2018

[I]  Gold holds near 1-week low as stronger US economy data weighs

[I]  Brexit divorce sum gets pound excited

[I]  Government introduces FPOs in fishery sector

[I]  India Inc's foreign borrowings up over 2-fold at $4.4 bn in October

[I]  Growth in Q2 could be higher as GST revenues still pouring in: TCA Anant

[I]  View: GDP numbers on upturn but India still in the thick of a slowdown

[I]  12%, 18% GST rates to be merged; 28% on luxury, sin goods: FM Arun Jaitley

[I]  Flat income tax system undesirable: Industry, trade officials

[I]  Real estate to get real: How Modi is setting India's Housing in order

 


[I]  Economy rebounds: GDP growth rate rises to 6.3% in September quarter

[I]  Ready to pay price for reforms, says Narendra Modi

[I]  Growth outlook for remaining part of FY18 is not without risks

[I]  Growth of eight core sector industries unchanged at 4.7% in October

[I]  April-Oct fiscal deficit at 96% of Budget Estimate

[I]  Steel demand likely to improve in near term: Icra

[I]  Highway developers worried over rising labour cost

[I]  RBI likely to maintain status quo in December

[I]  Budget to focus on infrastructure, rural sectors, says Arun Jaitley

[I]  Absorption of co-working spaces doubles in Mumbai in first nine months

 

MARKETS (07:45 am)

[I]  SGX NIFTY Fut: 10265;  USDINR DGCX: 64.7175;  DJIA Mini: 24216;  FTSE 100 Fut: 7305;  NIKKEI 225 Fut: 22700;  EUR-USD: 1.1912; Crude Oil (WTI): 57.48;  Gold (Spot): 1276

 

Best Regards, ARBIND

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Thursday, 30 November 2017

Macro Economic News 30 Nov 2017

 


[I]  Trump causes uproar by retweeting far-right UK group

[I]  Senators debate smaller US corporate tax cut

[I]  Yellen warns on outlook for surging US public debt

[I]  Brexit bill battle turns to presentation rather than hard cash

[I]  ECB urges eurozone banks to cut costs and modernise

[I]  London and Dublin scramble to break Brexit stalemate

[I]  May forges surprise consensus as Eurosceptics fall into line

[I]  China fintech lending boom fuels risks of data theft

[I]  The time is ripe to clean up eurozone banks’ bad loans

[I]  Zimbabwe’s chance to follow the China model

 


[I]  Stronger growth seen as businesses adjust to new tax

[I]  U.S. warns North Korean leadership will be 'utterly destroyed' in case of war

[I]  China November factory growth unexpectedly picks up despite pollution crackdown

[I]  Bank of Korea raises interest rate for first time in six years, as expected

[I]  India's top listed firms log best profit growth in six quarters

[I]  Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally

[I]  India's inflation likely to rise, interest rates won't: Reuters poll

[I]  ECB's Knot calls for ending stimulus and declaring victory

[I]  China November official factory PMI rises to 51.8, beats forecasts

[I]  Japan October industrial output rebounds, manufacturers see good times ahead

 


[I]  U.K. Consumer Confidence Falls in Christmas Blow to Retailers

[I]  Brexit Gives New Life to Old Tractors

[I]  Japan Wants Immigrants. The Feeling Isn't Mutual.

[I]  Australian Banks Face Wide-Ranging Probe Amid String of Scandals

[I]  China Factory Gauge Unexpectedly Rises as Global Demand Firms Up

[I]  Moody's Warns Cities to Address Climate Risks or Face Downgrades

[I]  The End of the U.S. Housing Shortage Is Finally in Sight

[I]  Hey OPEC, the World's Largest Oil Consumer Needs a Lot Less Oil

[I]  Goldman Warns That Market Valuations Are at Their Highest Since 1900

[I]  Bank of Korea Raises Interest Rates for First Time Since 2011

[I]  Fed's Yellen Sees Uncertainty Around 2% Inflation Outlook

 


[I]  Steel demand in India set to rise, profitability of cos to improve: Moody’s

[I]  All issues related to GST will be addressed by March: Minister

[I]  FinMin asks exporters to file GST refund forms correctly

[I]  Govt to examine proposal for higher tax exemption for pensioners

[I]  Govt may amend Electricity Act to allow e-vehicle charging stations to sell power

[I]  Public policy push must for women entrepreneurs: Ivanka

[I]  Private sector NPS: Market-oriented reforms hit FDI hurdle

[I]  Slapping duty a quick solution, not a lasting one

 


[I]  After defaulters, insolvency heat may now burn personal guarantors

[I]  Sebi tweaks supervisory framework for stock brokers

[I]  Opec, Russia set for oil cut extension but wary of overheating market

[I]  Indian diamonds are back in demand in China, US

[I]  Kerala farmers' collective launches organic ethnic dry fruits

[I]  Controlling onion prices not in our hands: Ram Vilas Paswan

[I]  Government may directly fund Rs 1.35-lakh crore bank recapitalisation

[I]  ADB investment programme of $500 million to improve rural roads in five Indian states

[I]  India moves up one spot to 68 on Global Entrepreneurship Index

[I]  Analysts forecast better Q2 show with a GDP print of 6.4%

[I]  India's growth set to end 5-quarter slide, say economists

[I]  PSUs want vendors to meet anti-profiteering guidelines

[I]  Government says tech glitches led to piling up of export refunds, assures steps

 


[I]  China's auto industry accelerates in race against foreign rivals

[I]  Fund managers make switch to high-growth AIF industry

[I]  Central task force plans crackdown on tax evaders

[I]  Nearly 70% of stressed SMEs face liquidation

[I]  Sebi tweaks supervisory framework for stock brokers

[I]  FinMin giving final touches to recapitalisation bonds, FM nod likely soon

 

MARKETS (07:15 am)

[I]  SGX NIFTY Fut: 10312;  USDINR DGCX: 64.5400;  DJIA Mini: 23904;  FTSE 100 Fut: 7371;  NIKKEI 225 Fut: 22601;  EUR-USD: 1.1860; Crude Oil (WTI): 57.37;  Gold (Spot): 1283

 

Best Regards, ARBIND

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