MACRO ECONOMIC NEWS

A DAY TO CREATE SURPLUS BUDGET OF LOVE

Macro Economic News 01 Feb 2018 

FINANCIAL TIMES

[I]  Shale powers US oil output to heights of 1970

[I]  EU banking authority to test banks for 8.3% post-Brexit slump

[I]  May resists pressure to endorse China’s ‘new silk road’ project

[I]  Germany raises growth forecast to 2.4% and looks out for overheating

[I]  Ireland enjoys tax boom but fears a reckoning

[I]  EU rejects Brexit trade deal for UK financial services sector

[I]  Theresa May challenges Brussels stance on EU citizens’ rights

[I]  Saudi Arabia’s corruption crackdown risks scaring off investors

 

REUTERS

[I]  India's 2016-17 GDP growth unchanged at 7.1 percent: govt statement

[I]  India's infrastructure output grows 4 percent in December

[I]  Japan PMI shows factory activity growth at four-year high

[I]  Venezuela government-opposition talks 'advance', no deal yet

[I]  China's young shoppers breathe new life into luxury market

[I]  Oil extends gains on robust OPEC compliance

[I]  Gold dips on outlook for U.S. rate hikes

[I]  UK and EU set for clash over citizens' rights during transition

[I]  Fed leaves rates unchanged, sees inflation rising this year

 

BLOOMBERG 

[I]  Canada Wants Electric, Driverless Cars to Factor in Nafta Rules

[I]  Elderly Britons Borrowing Against Homes Provide $10 Billion Boost for Economy

[I]  Former Fed Chair Alan Greenspan Sees Bubbles in Stocks and Bonds

[I]  Janet Yellen’s Fed Era Ends With Unanimous Vote of No Rate Hike

[I]  U.S. Federal Open Market Committee Jan. 31 Statement Text

[I]  China Urges Crackdown on M&A Loans Used to Buy Land

[I]  Australian House Prices Decline as Edge Comes Off Sydney Boom

[I]  India Wants the World to Buy Its Weapons. They're Not Very Good

[I]  China's $11 Trillion Bond Market Is Winning Foreign Investors

[I]  Australia Wealth Fund Increases Global Stock Holdings, Cuts Cash

[I]  Warnings on Correction in Asia, Hong Kong Stocks Grow Louder

 

BUSINESS LINE

[I]  Economy grew 7.1% in FY17, but core sectors are still sputtering

[I]  How Indian firms are tasting success in East Africa

[I]  EU, India updating positions on FTA: Kozlowski

[I]  Improved growth forecast gives Centre elbow room on deficit

[I]  Payment banks: A reality check

[I]  Bengal exempts tea gardens from agri income tax for two years

 

ECONOMIC TIMES

[I]  FM Arun Jaitley’s Union Budget 2018: What to watch out for today

[I]  Indians hold back on discretionary spending, see no reason to buy despite big discounts

[I]  What is wrong with silver? This is the question everybody is asking

[I]  Investors in Asia’s worst bond market want RBI to play saviour

[I]  All major sectors witness higher loan growth

[I]  FY16 GDP growth revised up to 8.2%, FY17 unchanged at 7.1%: CSO

[I]  Eight core sectors growth slows down to 4% in December

[I]  Cabinet nod to convert Navi Mumbai SEZ into industrial area

 

BUSINESS STANDARD

[I]  Sebi agrees to transfer Rs 16.7 billion of surplus funds to government

[I]  Insolvency: Bidders may not be able to sell stressed assets for 5 years

[I]  Madhya Pradesh govt asks wind energy firms for discounts on dues

[I]  FY17 GDP growth retained at 7.1% and GVA growth revised sharply to 7.1%

[I]  Ahead of Budget 2018, core sector growth slows to 5-month low of 4% in Dec

[I]  Modi govt sets firm eyes on the sea as new source of major exports

[I]  Multi State Cooperative Societies may soon come under money laundering act

[I]  West Bengal rolls out state budget with increased focus on welfare schemes

[I]  Protect privacy: Letter to BS on firms brace for Europe's new rules

[I]  Indian professionals feel less 'strategic' but more 'skilled', says study

[I]  Budget 2018: Mutual funds buying in January lowest in 10 months

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 11075;  USDINR DGCX: 63.8775;  DJIA Mini: 26206;  FTSE 100 Fut: 7493;  NIKKEI 225 Fut: 23410;  EUR-USD: 1.2417; Crude Oil (WTI): 64.80;  Gold (Spot): 1343

Best Regards, ARBIND

 

01 Feb 2018