MACRO ECONOMIC NEWS

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Macro Economic News 07 Feb 2018

 

Global economists predict full impact of growth boosters with employment rising to peak and economy growing stronger. Overall Leverage is growing higher, from household debt to income, Sovereign Debt to GDP, capitalization growth to capital formation growth.

Inflation appears to be focus of Central banks’ actions this week including India. In financial markets, quest for real yield is pushing nominal yield higher for debt, equity and gold.
 

FINANCIAL TIMES

[I]  US stocks halt losing streak after wild ride

[I]  China smartphone sales down for first time since 2009

[I]  Media groups face choice of eat or be eaten

[I]  Iran pledges commitment to nuclear accord even if US withdraws

[I]  US trade deficit grows 12.1% in Trump’s first year

[I]  Ireland border ‘fudge’ threatens to pull apart Brexit talks

[I]  EU plans to cut UK’s market access if Brexit transition terms broken

 

New York Times

[I]  Ignore the Stock Market. The Economy Looks Fine.

[I]  Where Are the Start-Ups? Loss of Dynamism Is Impeding Growth

[I]  Context Matters. The Stock Market Drop Is Less Scary Than It Seems.

 

Wall Street Journal

[I]  A Closer Look at the Wage Growth That Shook Markets

[I]  China Fires Back at U.S. on Trade

[I]  In Europe, Inflation Could Prove a Surprise

[I]  U.S. Farmers Are Producing Too Much Food. Here’s Why They Can’t Stop

[I]  U.N. Sees U.S. Tax Cut Offering a Limited Boost to Foreign Firms

[I]  New Fed Chair Sizes Up Market Selloff | U.S. Market Poised to Stabilize | U.S. Trade Deficit May Get Uglier

[I]  Real Time Economics: Inflation Worries Rattle Markets | Busy Week for Central Bankers | U.S. Wage Growth in Focus

[I]  Economists Think the U.S. Economy Is At or Near Full Employment

[I]  German Economic Growth Hits Six-Year High

[I]  U.S. Household Debt Reaches New Record

 

REUTERS

[I]  Congress nears budget deal, Trump says he would 'love' a shutdown

[I]  Fed seen staying on rate-hike path after stock market plunge

[I]  White House backs House Republican stopgap funding bill

[I]  U.S. trade deficit rises to nine-year high on robust imports

[I]  Japan downplays fallout from market rout, BOJ rules out near-term rate hike

[I]  India's 2018 gold demand forecast as high as 800 tonnes

[I]  Gold demand slid to eight-year low in 2017 - WGC

[I]  Foreign investors fret over surprise capital gains tax

[I]  Indian markets down on global weakness - Hasmukh Adhia

[I]  RBI to leave policy unchanged despite inflation concerns: Reuters poll

 

BLOOMBERG 

[I]  Britain's Party of Business Is Having a Lot of Trouble With Business

[I]  May Takes Aim at Gig Economy With New Safeguards for Workers

[I]  U.K.'s Economy Propped Up by Stronger Global Growth, Niesr Says

[I]  Stocks in Asia Rebound After Wild U.S. Session

[I]  For China’s Wealthy, Singapore Is the New Hong Kong

[I]  The Property Party Is Over in Australia as Biggest Bank Curbs Lending

[I]  Don't Mistake the Stock Market for the Economy

[I]  Beijing Airport Edges Closer to Becoming World's Busiest

[I]  7.8 Billion People Will Travel By Air in 2036, IATA Says

[I]  New Zealand Jobs Growth Slows Less Than Expected

[I]  Philippine Central Bank Governor Faces His First Big Policy Test

[I]  Indian Exports Threaten White Sugar's Premium as Crops Recover

 

BUSINESS LINE

[I]  Looming coal shortage set to unplug power plants

[I]  Digital firms with ‘big presence’ in India will have to pay taxes here

[I]  Deficit target: Jaitley pins hopes on tax buoyancy, GST mop-up

[I]  Indian macro environment seems solid

[I]  India invites over 40 WTO members for mini-ministerial meet

[I]  EU, Russia feeding boom in grape exports

[I]  Why the Centre has assumed a lower dividend from the RBI for next fiscal

[I]  Delhi govt set to announce rules to scrap old vehicles

 

ECONOMIC TIMES

[I]  Surging bond yields to further erode treasury gains at Indian banks

[I]  EPFO seeks nod for bigger play in state government bonds

[I]  India imports 50.8 lakh ton pulses for Rs 17,280 crore in April-December

[I]  With 240.68 million kilograms, 2017 tea export at 36 years high

[I]  Onion prices up over 30% in Maharashtra as curbs on exports lifted

[I]  More equalising paradigm of Indian growth story vitally required

[I]  40 corporate insolvency resolutions completed: Government

[I]  Tax department receives 15-25 lakh PAN applications per week

[I]  884 companies under scanner in money laundering cases: Union Minister P P Chaudhary

 

BUSINESS STANDARD

[I]  Indian drug firms' growth slowed in 2017 on slow approvals, MNCs' caught up

[I]  How driverless technology future threatens the iron laws of real estate

[I]  Stay away from plastic Aadhaar cards, it's prone to data theft, warns UIDAI

[I]  Mines-to-market integration: Gold mining lands on policy makers' table

[I]  Centre sees its GST compensation to states at Rs 900 billion for FY19

[I]  Private participation key: Letter to BS on govt's national health policy

[I]  Govt doubles import duty on sugar to 100%, increases chana to 40%

[I]  Budget 2018: Allocation for affordable housing doubled to Rs 8 billion

[I]  No plan to make Aadhaar mandatory for electoral bonds scheme: Govt

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10637;  USDINR DGCX: 64.3425;  DJIA Mini: 24803;  FTSE 100 Fut: 7195;  NIKKEI 225 Fut: 22313;  EUR-USD: 1.2388; Crude Oil (WTI): 64.16;  Gold (Spot): 1329

Best Regards, ARBIND

07 Feb 2018