MACRO ECONOMIC NEWS

A DAY TO HUG WITH EMPATHIC INTENTION

Macro Economic News 12 Feb 2018

 

Rejoice, Truth and Love is the order of Macroeconomic facts arising out of the events over weekend. Australia, UK, US and India are invoking common prudence even while moving away from fiscal prudence. There is a quest to deep dive in the governance of money from deposits to debt across globe. Central Banks mostly said there is no rush to raise interest rate. Financial market regulators have advised investors about the extreme risks and to policy makers about reforms.

 

FINANCIAL TIMES

|I|  Bridgewater investment chief sees new era of volatility

|I|  US inflation figures under scrutiny after week of turmoil

|I|  China detention law to roll back legal protections for suspects

|I|  Trump urges states to help fund $1.5tn infrastructure plan

|I|  China in push to lure overseas tech talent back home

|I|  Tech companies are the new investment banks

|I|  Britain has exported its political mess to Germany

 

REUTERS

|I|  U.S., UK government websites infected with crypto-mining malware: report

|I|  Australia's finance inquiry to divulge confidential settlements

|I|  UK consumer spending stays in the doldrums in January: Visa

|I|  Bank of England chief economist says "no rush" to raise rates

|I|  India's January retail inflation seen easing only slightly, still above target: Reuters poll

|I|  IMF's Lagarde says market swings aren't worrying, but wants reforms

 

BLOOMBERG 

|I|  Volatility’s Awakening Spurs Record Long Position in VIX Futures

|I|  British House Prices Post First Annual Decline in Six Years

|I|  Bond-Stock Clash Has Just Begun as Inflation Looms

|I|  Trump Administration Said to Eye Big Cuts to Fuel Economy Rules

|I|  Bank Misconduct Under Scrutiny as Australia Inquiry Starts

|I|  China's No. 3 Developer Starts Selling Homes Cheap. What Gives?

|I|  The Fuel That Drove the Oil Bull Market Is Cruising in Asia

|I|  Emerging-Market Investors Looking to Policy Makers for Answers

 

BUSINESS LINE

|I|  Cooperation among insurance regulators crucial: IRDAI chief

|I|  RBI, SEBI need to be cognisant of bubble risks: Patel

|I|  Will Fed policies shut the FPI tap on Indian markets?

|I|  Excise duty on petrol, diesel to give big boost to Centre’s revenue kitty

|I|  By September, SEBI to frame rules governing bond market borrowing by large corporates

|I|  Goodbye to prudent fiscal management

|I|  Employability up 12% in 5 years; hiring intent up 10%, finds India Skills Report

 

ECONOMIC TIMES

|I|  15 months on, RBI still processing returned notes

|I|  RBI to have additional tool for liquidity management

|I|  How far can the stock market plunge? Here's how to find out

|I|  Indian markets safe, need to be cautious of external risks: Sebi

|I|  Global investors brace for more swings as US inflation specter rises

|I|  Market bubble won’t lead to big problem: RBI Guv

|I|  Companies spent Rs 28,000 crore towards CSR works in nearly 3 years

|I|  Inflation to moderate to 5% in Jan: Report

|I|  Niti Aayog bats for setting up independent debt management office

|I|  Mumbai 12th richest city globally; total wealth at USD 950 billion

|I|  Budget 2018 has ensured the return of protectionism

|I|  Finance, health ministries to discuss healthcare scheme this month

|I|  In a rarity, government flags interest rates at RBI post-Budget meet

 

BUSINESS STANDARD

|I|  Bank haircuts on NPAs go up to 80%; 9 of 12 firms enter bidding stage

|I|  Singapore Exchange may go for GIFT connect for strong India play

|I|  Earnings improve, but not yet in high gear; combined net profit up 10.6%

|I|  Goods and services tax tweak brings relief to soft drink manufacturers

|I|  Brands talk sustainability but stumble at the course

|I|  RBI to get another liquidity management tool in standing deposit scheme

|I|  NPA resolution: One size doesn't fit all

|I|  Top 15 cities' share in MF assets under management dips by 250 bps in 2017

|I|  Flight of risk capital: GVA growth likely to fall in second half of 2018-19

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10482;  USDINR DGCX: 64.4775;  DJIA Mini: 24315;  FTSE 100 Fut: 7115;  NIKKEI 225 Fut: 21360;  EUR-USD: 1.2277; Crude Oil (WTI): 59.91;  Gold (Spot): 1324

Best Regards, ARBIND

12 Feb 2018