MACRO ECONOMIC NEWS

AN AFFECTIONATE DAY TO KISS THE WORLD

Macro Economic News 13 Feb 2018

 

Financial faithfulness evolves to economic equilibrium and it is witnessed concurrently. Pleasing facts of easing inflation and growing industrial activities are surfacing amidst contradicting paradigm growth and interest rate moving in same direction. This poses challenges for developing countries including Asia. While sell-off seen in pockets suggest higher asset price, U.S. and U.K. inflation and Japan economic growth will influence financial markets globally.

 

FINANCIAL TIMES

[I]  Global equity markets establish firmer footing

[I]  Trump seeks 10 more years to balance US budget

[I]  US fears closer EU defence ties could undermine Nato

[I]  China banks back in vogue as share prices rally

[I]  Shareholders win a new legal tool to challenge M&A deals

[I]  Russia’s system of power defies any rational explanation

 

WALL STREET JOURNAL

[I]  Budget Gap Grew 11% in Four-Month Period

[I]  Five Key Numbers From President Donald Trump’s 2019 Budget

[I]  Trump’s Infrastructure Plan Counts on States to Do Heavy Lifting

[I]  So Far, the Stock Market Looks More Like 1998 Than 2007

[I]  Global Economy Week Ahead: Japan GDP, U.S. Inflation, U.K. Retail Sales

[I]  Retail Jobs Reality Likely Isn’t as Grim as It Appears

[I]  China Growth at 6.9%: In 2017, the State Struck Back

 

REUTERS

[I]  India's retail inflation eases to 5.07 percent in January

[I]  Industrial output up 7.1 percent in December

[I]  India's central bank announces new bad-loan-resolution framework

[I]  Rattled by U.S. fiscal, monetary tug-of-war, investors start looking abroad

[I]  Japan's economy seen growing for 8th straight quarter

[I]  History suggests strong economy can ward off bear market

[I]  OPEC sees higher 2018 oil demand, but more rival supply

[I]  Big Oil takes stage for post-austerity beauty contest

[I]  U.N. group says rule of law 'under siege' in Maldives crisis

 

BLOOMBERG 

[I]  VIX Manipulation Costs Investors Billions, Whistle-Blower Says

[I]  U.K. Parliamentary Committee Wants to Stop Energy Suppliers From Overcharging Customers

[I]  Make-or-Break 2018 Starts Out Windy: Brexit Barometer

[I]  Hong Kong's Mortgage Market Is a ‘Battlefield’ Right Now

[I]  How China Is Getting Serious About Financial Risk

[I]  China Small Caps' Vanishing Profit Growth Only Adds to Bear Case

[I]  Trump Budget Needs 'Brand New Numbers,' Bell Says

[I]  Ten Years After the Crisis, Banks Win Big in Trump’s Washington

[I]  Asia's Central Banks Can Do Little About Their Biggest Challenge

[I]  China May Go Soft on Financial Risk Curbs to Shield Economy

[I]  India's Oil Consumption Grows at Fastest Pace in 14 Months

 

BUSINESS LINE

[I]  Robust IIP data points to manufacturing revival

[I]  We’re no ostriches; Centre ready for mid-course corrections: Goyal

[I]  NPPA lowers ceiling on stent prices

[I]  New defence production policy: Companies want hurdles removed

[I]  ‘AI is fine, but what about jobs for us?’

[I]  Task force may recommend scrapping tax-free perks, enhancing deductions for salaried class

[I]  Re-skilling employees helps top IT companies thrive

 

ECONOMIC TIMES

[I]  Unseasonal showers and hailstorm flatten rabi crops

[I]  Hong Kong woos Indian investment in financial services, ICT

[I]  What’s antacid got to do with India’s IIP growth?

[I]  RBI’s aye to Dollar-Rupee futures in GIFT may roil SGX'x present

[I]  Budget 2018: Import duty may be imposed on mobile phone gear from April 1

[I]  Budget 2018: Hope higher tariffs are 'temporary phenomenon', says Rajiv Kumar

[I]  India must stop foreign giants from cannibalising its startups

[I]  RBI withdraws CDR, SDR, S4A, JLF schemes to restructure defaulted loans

[I]  The eureka moment of Economic Survey

[I]  Govt to throw up 'grand' challenges before innovators of world, NITI Aayog CEO

[I]  'India must create more jobs to become a global force'

[I]  Easy closure for small savings schemes likely

 

BUSINESS STANDARD

[I]  RBI overhauls stressed asset framework, gives 180 days for NPA resolution

[I]  Investors in firms undergoing M&As may stare at higher LTCG tax outgo

[I]  Car sales down 1.25 % but passenger vehicles up 7.57% in January: Siam data

[I]  Govt banks on privatisation to meet Rs 800 bn divestment target in FY19

[I]  Retail inflation eases to 5.07% in Jan, industrial output for Dec at 7.1%

[I]  EPFO likely to keep interest rate unchanged at 8.65% for 2017-18

[I]  Centre to offer more highway projects on hybrid-annuity model next year

[I]  Business confidence index rose 9.1% in Oct-Dec: NCAER

[I]  Crackdown on shell firms: Govt removes exemptions from filing income tax

[I]  Global sell-off: Money managers advise investors to add debt funds

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10585;  USDINR DGCX: 64.3700;  DJIA Mini: 24594;  FTSE 100 Fut: 7148;  NIKKEI 225 Fut: 21668;  EUR-USD: 1.2289; Crude Oil (WTI): 59.65;  Gold (Spot): 1323

Best Regards, ARBIND

13 Feb 2018