MACRO ECONOMIC NEWS

GLORIOUS DAY FOR GROWING WITH GRATITUDE

Macro Economic News 15 Feb 2018

 

Amicable acceptance and accommodation of global economic operation is the saviour. Rising prices appears to be more of a threat to the global economy this year than joblessness. An undergoing transition in which buoyant global growth causes inflation is investors’ biggest fear. This shift is being complicated by an extraordinary divergence in world’s economy. The combined impact of reducing tax, increasing fiscal boost and increasing public borrowing may be a boom or bust; it is going to be a rowdy ride.

FINANCIAL TIMES

[I]  Increase in US inflation sparks bond market sell-off

[I]  Jacob Zuma quits as president of South Africa

[I]  Euro hoarding on the increase, Bundesbank says

[I]  US inflation increase was broad-based in January

[I]  Brussels eyes corporate tax to fill €15bn Brexit hole in EU budget

[I]  US trade move against China snared in legal concerns

[I]  Japan records longest growth spurt since 1989

 

NEW YORK TIMES

[I]  How Inflation Works (or Why Your Chicken Is Going to Cost More)

[I]  The Trump Administration Is Optimistic About Economic Growth. Be Skeptical.

 

WALL STREET JOURNAL

[I]  Inflation Starts to Make a Comeback

[I]  U.S. to Block Tax-Law Loophole on ‘Carried Interest’

[I]  The New Tax Law: The Path to the Tax Overhaul

[I]  U.S. Retail Sales Started 2018 on Weak Footing

[I]  Japan’s Economy Grows for Longest Stretch in 28 Years

[I]  Real Time Economics: Trump Eyes New Tariffs and Quotas | Will Inflation Perk Up? | Record Household Debt

[I]  Analysis: Fed May Lift Rates With Confidence as Inflation Shows Signs of Life

[I]  A Warning Sign Behind the Market Swings

 

REUTERS

[I]  For India's banks, worst of bad-loan woes yet to come

[I]  Zuma quits as President of South Africa

[I]  UK tells charities - no more cash if you don't come clean on abuse

[I]  Dollar weakens despite rise in interest rate expectations

[I]  Andhra Pradesh warns local firms over spread of unauthorised Monsanto GM cotton

[I]  Global Market: Bonds plunge, stocks surge on spike in U.S. CPI data

[I]  U.S. inflation firms broadly in January, puts spotlight on Fed

[I]  Explainer: Rising U.S. inflation and what it means for markets

[I]  Inflation pickup a challenge for Fed chief Powell

 

BLOOMBERG 

[I]  Hedge-Fund Investors Aren't Expecting a Performance Bump in 2018

[I]  Next Round of Nafta Talks Will Move Up a Day to Start Feb. 25, Sources Say

[I]  Russians Get Prison Terms for Massive Corporate Hacks in U.S.

[I]  These Are the World’s Most Miserable Economies

[I]  Five Things You Need to Know to Start Your Day

[I]  China’s Currency Policy May Be Facing a New Chapter

[I]  That Obsession With Inflation Didn't Last Long

[I]  Bitcoin Industry Grapples With Age-Old Problem of Inheritance

[I]  Don't Be Complacent About Italy's Elections

[I]  Is VIX Manipulated or Hedged?

[I]  PBOC Says Inflation Pressures 'Slight' But Warrant Close Watch

[I]  U.S. Inflation Has Asia Trader Staying Up With Pizza & Diet Coke

[I]  Cursed by the Yen: Investor Views on How Currency Haunts Stocks

 

BUSINESS LINE

[I]  Marginal increase in footfall at Auto Expo this year

[I]  Improved performance by India Inc in Dec quarter

[I]  When India could not feel the African ‘pulse’...

[I]  Bank correspondents: Policy for interoperability on the anvil, says CEA Arvind Subramanian

[I]  Govt policy to set the trend for wheat prices this year

[I]  Merger of 3 public sector general insurers likely by early next year

[I]  Resolving stressed loans: Banks can no longer kick the can down the road

 

ECONOMIC TIMES

[I]  Defence sales at all-time high with India: US

[I]  Sebi to meet rating agencies on faster access to default data

[I]  Oil stable on weak dollar, economic growth, but pockets of oversupply linger

[I]  Rs 2 lakh crore loans may head to bankruptcy court

[I]  India is spending more as note ban impact fades and GST sinks in

[I]  Global macro: Key for Centre to boost Indian infrastructure

[I]  Maha relaxes norms for setting up Integrated Industrial Areas

[I]  India needs more financial inclusion: Arvind Subramanian

[I]  Bankruptcy only tool to resolve default: New RBI norms aimed at banks' 'dead ducks'

 

BUSINESS STANDARD

[I]  Bidders for stressed assets want fair treatment for all creditors

[I]  India shifts export focus to processed fruits, vegetables for better gains

[I]  GST shadow over tea industry realisations despite positive global cues

[I]  Sugar mills, farmers stress to continue despite increase in prices

[I]  Core banking transactions soar 400% in 2017 on digital agents: Report

[I]  Whistleblower alleges billions in VIX manipulating indexes, rigging profits

[I]  Savers caught in stampede as equity mutual fund returns turn negative

[I]  Planning to buy a flat? Understand the law of limitation on possession

[I]  TDS deduction on capital gains: Play by different rules once you turn NRI

 

MARKETS (07:00 am)

[I]  SGX NIFTY Fut: 10548;  USDINR DGCX: 64.1000;  DJIA Mini: 24912;  FTSE 100 Fut: 7201;  NIKKEI 225 Fut: 21510;  EUR-USD: 1.2463; Crude Oil (WTI): 60.99;  Gold (Spot): 1354

Best Regards, ARBIND

15 Feb 2018