MACRO ECONOMIC NEWS

AN AMAZING DAY TO BE AWARE ABOUT ACTIONS

Macro Economic News 06 Feb 2018

 

Global trade equilibrium is favouring China surplus with a vivid US deficit.

Meanwhile, Central banks’ especially from UK, Australia, Brazil, India and Mexico are expected to synchronise their monetary policy actions amidst rising inflation.

In financial markets, the correlation amongst major assets is seen rising along with rise in volatility. Risk appetite will be an interesting phenomenon to watch  out for in the markets which seems to be hovering high.

 

FINANCIAL TIMES

[I]  US stocks suffer worst fall in six years

[I]  Draghi warns on difficulty of striking Brexit transition deal

[I]  Market downturn: ‘an accident waiting to happen’

[I]  Australia seeks crown as ‘Nasdaq of Asia Pacific’

[I]  Chinese capital controls hit Silicon Valley tech investors

[I]  EU regulator receives wave of responses to CFD clampdown

[I]  Brexit games risk EU’s financial efficiency

 

REUTERS

[I]  India to bar cryptocurrencies from its payments system

[I]  As stocks plunge, White House says Trump focussed on 'economic fundamentals'

[I]  U.S. House to vote Tuesday on government funding measure

[I]  Emerging markets stocks resilient as U.S. sells off

[I]  January gold imports plunge to 17-month low on subdued demand - GFMS

[I]  U.S. services sector activity jumps to 12-1/2-year high

[I]  ECB's Draghi warns of inflation headwinds from euro volatility

 

BLOOMBERG 

[I]  VIX at 38 Is Waterloo for Short Vol Trade That Everyone Adored

[I]  Robots May Affect 30% of U.K. Jobs

[I]  Investors' Expectations Might Be Too High for Mark Carney

[I]  U.K. Consumer Spending Rises as Cost of Essential Items Climbs

[I]  How Is Big Business Using the Trump Tax Cut? What We Know

[I]  Frenzy of Fines for China's Banks Is Only Just Getting Started

[I]  China's Next Debt Bomb Is an Aging Population

[I]  Why the Recent Market Decline Is Different Than Previous Selloffs

[I]  China Defies Equity Slump With Officials Said to Combat Risks

[I]  China Developers' Land-Buying Spree in Hong Kong Is Winding Down

[I]  Indonesia's Economy Improves Slightly as Exports Pick Up

 

BUSINESS LINE

[I]  Looming coal shortage set to unplug power plants

[I]  Digital firms with ‘big presence’ in India will have to pay taxes here

[I]  Deficit target: Jaitley pins hopes on tax buoyancy, GST mop-up

[I]  India invites over 40 WTO members for mini-ministerial meet

[I]  Data speed: Make methods public, says TRAI ‘White Paper’

[I]  Why the Centre has assumed a lower dividend from the RBI for next fiscal

[I]  Venturing where angels fear to tread

 

 

ECONOMIC TIMES

[I]  LTCG tax has led to market correction: Govt officials 

[I]  Everyone wants government to spend more: Jaitley

[I]  Will US yield rise impact Indian debt market

[I]  Global consumer companies see bright spot in India

[I]  Food ministry proposes hike in sugar import duty to 100%

[I]  GDP growth to slip to 7 per cent in H2 of FY19: Report

[I]  India Jan gold imports plunge to 17-month low on subdued demand: GFMS

[I]  Need to expedite public services for higher growth, says FM

[I]  No material impact of slippage in fiscal deficit: Moody's

[I]  Services sector sees fastest growth in 3 months in January: PMI

[I]  India 'might' achieve 3% fiscal deficit target by 2019-20: Government official

[I]  Customs hike to hit $65 billion imports, may lead to WTO dispute

 

BUSINESS STANDARD

[I]  Taxing times for IPOs: LTCG tax prompts issuers to expedite market launch

[I]  Market slide continues as FIIs press sell button on rising US bond yields

[I]  Govt allows investors to set off losses against long-term capital gains tax

[I]  Natural gas and real estate may come under GST net, says FM Arun Jaitley

[I]  Bharatmala project to turn to finance ministry for allocation of funds

[I]  Global firms to push domestic digital payments to $1 trn over next 5 years

[I]  Services PMI logs fastest growth in 3 months in January, expands to 51.7

[I]  Govt's 60% oil block sell-off plan may hit dual contract roadblock

[I]  Cause for a pause: RBI has to weigh inflation, fiscal deficit, bond yields

[I]  Budget 2018: Why are markets selling off in India? All you need to know

[I]  China's search for quality growth

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10345;  USDINR DGCX: 64.3875;  DJIA Mini: 23246;  FTSE 100 Fut: 6871;  NIKKEI 225 Fut: 21520;  EUR-USD: 1.2369; Crude Oil (WTI): 63.40;  Gold (Spot): 1346

Best Regards, ARBIND

06 Feb 2018