MACRO ECONOMIC NEWS

A DAY TO START COUNTING ON WHOM YOU WISHED TO COLOUR

Macro Economic News 26 Feb 2018

 

Week starts with China’s moves to scrap presidential term limits, Anbang Insurance’s turn of fortune and high mood on street. U.S. personal spending likely cooled at the start of the year while the economy expanded, data is expected to show this week, while Nafta talks resume in Mexico City. In Asia, the Bank of Korea will announce its monetary policy decision on Tuesday and we get readings on China’s manufacturing PMI and India GDP.

 

FINANCIAL TIMES

[I]  China poised to end two-term limit on presidency

[I]  US lawmakers push for crackdown on foreign companies

[I]  Investors put faith in traditional US retailers

[I]  North Korea says it is open to fresh US dialogue

[I]  Economists urged to use fertility to predict recessions

[I]  EU stands firm over Northern Ireland border

[I]  Spain sets Brexit challenge with Gibraltar demands

[I]  Japan plans to ease visa rules for skilled workers

 

REUTERS

[I]  White House: Talks with North Korea must lead to ending nuclear program

[I]  UK services businesses enjoy first profit rise in two years: CBI

[I]  New NAFTA talks aim to clear pathway to toughest issues

[I]  Surging bond yields to pinch home owners, retirees

[I]  With rates low, Fed officials fret over next U.S. recession

[I]  BoE's Ramsden sees case to raise rates sooner than he thought

[I]  S&P gives Russia pre-election boost with rating upgrade

 

BLOOMBERG 

[I]  U.K. Targets ‘Rip-off' Energy Prices With Temporary Price Caps

[I]  The World's Highest Paid Expats Live in… Mumbai

[I]  Cyber Threats Top Concerns for U.K. Investors, Business Leaders

[I]  U.K. Consumer Services Grow at Fastest Pace in a Year, CBI Says

[I]  Student-Debt Firms Protected From State Probes Under Trump Plan

[I]  Pakistan's Economic Woes Go From Bad to Worse Ahead of Elections

[I]  Three Chinese Insurers Found to Have Violated Investment Rules

[I]  Saudis See Oil Output Cuts Easing in 2019

[I]  Hong Kong's Dilemma Is What to Do With Its Massive Pile of Cash

[I]  U.S. Downturn Seen as Clear Risk for Taiwan's New Monetary Chief

 

BUSINESS LINE

[I]  Large-cap funds struggle to beat benchmarks

[I]  ‘Diamond dollar account’ transactions of gems, jewellery sector may come under RBI scanner

[I]  Govt plans online platform for trading in farm, animal waste

[I]  Inter-State goods movement: GoM recommends mandatory e-way Bill system from April 1

[I]  ‘Central projects worth Rs. 24,000 cr being implemented in TN’

[I]  Pharma industry told to make use of changing demographics

 

ECONOMIC TIMES

[I]  RBI's next move likely to be rate hike: Morgan Stanley

[I]  India needs to focus on investment: Citigroup

[I]  GDP data, IIP numbers to steer market in truncated week ahead

[I]  Saudi oil minister hopes Opec, allies can ease output curbs in 2019

[I]  ET GBS 2018: Digital revolution could be a game-changer for banks

[I]  India calls for changes in WTO to transform world economy

[I]  Government forms Niti forum for inclusive growth of northeast

 

BUSINESS STANDARD

[I]  E-way bill may be relaxed for e-commerce players if orders are small

[I]  GST: What happens if person files return but doesn't make payment of taxes?

[I]  Banks struggle with farm loan target due to waivers, may lean on PSL certs

[I]  Govt in future may auction coal mines only for commercial use: Coal secy

[I]  Taxmen asked to step up collections to meet Rs 10.05 trillion target

[I]  Better fund flow boosts margins in highways' hybrid-annuity model projects

[I]  Millennials redefining the consumer story in India, says report

[I]  Data Tracker: India is far away from being a cashless economy, says survey

[I]  Fears of high derivatives to cash turnover misplaced in Indian market

[I]  Responsibility with caution: Wife need not be married to husband's debts

[I]  India to host mega naval exercise amid China's posturing in high seas

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10565;  USDINR DGCX: 64.8800;  DJIA Mini: 25356;  FTSE 100 Fut: 7263;  NIKKEI 225 Fut: 22137;  EUR-USD: 1.2303; Crude Oil (WTI): 63.48;  Gold (Spot): 1334

Best Regards, ARBIND

26 Feb 2018