MACRO ECONOMIC NEWS

A WEEKEND TO WALK BEYOND WANE

Macro Economic News 03 Feb 2018

 

Domestic growth across globe is being seen  as encouraging while cross border transaction of goods and services are being questioned implicitly. Local governments are encouraging social welfare programs along with the private institutions focusing on innovation, leaving the sustainability as second priority. The global financial resources are seen being rebalanced with a change in energy demand as well as predicted rise in conventional energy prices. World is also witnessing a start of moving away from easy money regime.

FINANCIAL TIMES

[I]  US bond market sell-off deepens after wage growth surges

[I]  Trump rallies Republicans to war against Russia probe

[I]  Merkel ally says German coalition deal expected within days

[I]  Israel’s ‘supermarkets bill’ tests ultra-orthodox Jews’ influence

[I]  US unveils new nuclear weapons strategy

[I]  British and US migrants flock to New Zealand

[I]  US raises heat on Syria over alleged use of chemical weapons

[I]  Theresa May under fresh pressure to clarify Brexit strategy

[I]  Big brands lose pricing power in battle for consumers

 

REUTERS

[I]  Budget spurs inflation worries

[I]  India lifts export curbs on onions as prices plunge

[I]  Exxon profit misses expectations; sees $5.9 bln tax gain

[I]  With an eye on Russia, U.S. to increase nuclear capabilities

[I]  No progress on 'Dreamers' as another U.S. shutdown looms

[I]  Interest rate angst trips up U.S. equity bull market

[I]  Sustaining economic growth key to India's rating - S&P analyst

[I]  Historic 665-point Dow plunge rocks Wall Street

[I]  RBI not in talks with government on debt purchases - source

[I]  Fed's Yellen says solid economic growth means more rate hikes ahead

[I]  India gold demand picks up after tax announcement

[I]  U.S. hiring accelerates; annual wage growth strongest since 2009

 

BLOOMBERG 

[I]  Traders Are Asking If the Bond and Stock Selloff Is the Start of Something Big

[I]  Junk-Bond Selloff Erodes Investor Optimism

[I]  The Breakneck Rise of China’s Colossus of Electric-Car Batteries

[I]  Big Banks Accept OPEC Was Right as They Embrace Oil Near $80

[I]  Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

[I]  Nouriel Roubini Says Bitcoin 'Much Worse' Than Tulip Mania

[I]  Here’s What Will Separate the Auto Leaders and Laggards in 2018

[I]  The Future of Transportation

[I]  Foreigners to Get Relief on India Gains Despite New Equities Tax

 

BUSINESS LINE

[I]  Centre may consider new framework for angel funds

[I]  Solar gets the chunk of allocation for renewable energy

[I]  ‘Strategic disinvestment will unlock true value of PSUs’

[I]  Under lens, IT glitches that pushed e-way bill off the road

[I]  Make pharmaceutical patents work in the public interest

[I]  Dividend tax on equity funds comes as a surprise

[I]  Telecom regulator wants India to be among top 50 nations in ICT Index

[I]  Water-scarce MP, UP drag down rabi area

 

ECONOMIC TIMES

[I]  Modicare could cost the exchequer Rs 10,000 crore a year

[I]  Govt’s infrastructure projects, social welfare schemes may create 5 million jobs a year

[I]  Sacked staff paid off a lump sum will now have to pay tax on compensation received

[I]  Finances will never be a problem for NHPS

[I]  New procurement mechanism likely before kharif crop

[I]  States set separate dates to implement e-way bill

[I]  Forex reserves surge $3 billion to $417.89 billion

[I]  China's yuan hits its highest since 2015 devaluation, set for 8th winning week

[I]  RBI cancels bids for bond sales worth Rs 11,000 crore

[I]  Farmers may be compensated if market prices fall below MSP

[I]  Retail inflation for industrial workers rises to 4% in December

[I]  Rating agencies question quality of fiscal consolidation, worried over revenue gaps

[I]  High government debt burden constrains India's rating: Fitch

[I]  Govt to roll out health cover scheme from next fiscal: FM

[I]  Fiscal discipline has taken a backseat in budget: US economist

 

BUSINESS STANDARD

[I]  LTCG tax: Higher taxes spark panic among foreign portfolio investors

[I]  Budget 2018: Modi govt uses Finance Bill to extract spending room till 2024

[I]  Black Friday for D-Street: Worst post-Budget market performance since 2009

[I]  Foreign control over Indian banks should be reviewed, says Y V Reddy

[I]  RBI once again cancels Rs 110 bn-worth bond auction as yields shoot up

[I]  Budget 2018 impact: 10% surcharge on customs duty to pinch power sector

[I]  Govt may form experts' panel to ensure farmers benefit from MSP scheme

 

Best Regards, ARBIND

03 Feb 2018