MACRO ECONOMIC NEWS

AN AFFIRMATIVE DAY TO SAY - AYE ZINDAGI, TUJHSE MUHABBAT HAI TO HAI...

Macro Economic News 08 Feb 2018

 

Divergence in cross border trades balance in encouraging countries to relook at the cost of trans-national trade practices. Pursuit of certainty appears to be key drivers for policy makers to investors taking the impacts on asset prices. While New Zealand and India have kept key rate unchanged, Brazil has lowered its key policy rate to new low. The cautious stances of central banks on Inflation, rationalization of value distribution would key aspect to watch across liquid to illiquid asset classes.

FINANCIAL TIMES

[I]  Germany’s parties reach grand coalition deal

[I]  Russia and Saudi Arabia put aside differences to forge energy pact

[I]  US Senate strikes two-year budget deal

[I]  Brussels warns on volatility risk to booming eurozone

[I]  Emmanuel Macron’s European Parliament reforms set back

[I]  World Bank takes new approach to shine light on wealth of nations

[I]  China developers retreat from Hong Kong property market

 

New York Times

[I]  The Stock Market Is Worried About Inflation. Should It Be?

 

Wall Street Journal

[I]  Whether to Worry About Inflation, in 9 Charts

[I]  A Warning Sign Behind the Market Swings

[I]  After Market Turmoil, Fed Officials Stand Firm on Rate Path

[I]  Markets, Inflation and Wages | Fed Officials Out in Force | U.S. Trade Deficit With China Hits a Record

[I]  Brazil’s Central Bank Cuts Key Rate, Signals It Will Stand Pat Next Meeting

[I]  Fed’s Dudley Says Stock Volatility Hasn’t Changed His Outlook

 

REUTERS

[I]  In careful balancing act, RBI keeps repo rate unchanged

[I]  RBI Governor Urjit Patel: 2018/19 inflation projected at around 4.5 percent

[I]  Japan regulator to inspect more cryptocurrency exchanges - source

[I]  RBNZ's McDermott says core inflation still needs a shove

[I]  Fed won't overreact to good economic news, Williams says

[I]  Canada PM says no NAFTA deal might be better for us than a bad one

[I]  U.S. senators express optimism about NAFTA after Trump meeting

[I]  Senate Democrats: Tax cuts benefit shareholders over workers

[I]  UK to consult on employment status after gig economy concerns

[I]  Britain tells business: We cannot guarantee your Brexit future

[I]  Premier says China to extend campaign against excessive corporate debt

 

BLOOMBERG 

[I]  Fed's Williams Isn't Changing Views After Asset-Price Gyrations

[I]  U.K. Housing Market Stays Stuck in Low Gear

[I]  The Market Time Bomb That's Bigger Than the VIX

[I]  RBNZ in ‘Central Bank Nirvana' Even as Inflation Undershoots

[I]  How Two Tiny Volatility Products Helped Fuel the Sudden Stock Slump

[I]  Cryptocurrencies Are Like Ponzi Schemes, World Bank Chief Says

[I]  China’s Outlook Seems Darkest From a Distance

[I]  China’s War on Risk Has Banks Fleeing Shadowy Wealth Products

[I]  India, Indonesia Will Rank Among World's Five Biggest Air-Travel Markets

[I]  Richard Burn Says China Ready to Build its New Financial Center

[I]  India Central Bank Gets `Mojo' Back as It Warns of Budget Risks

[I]  The Property Party Is Over in Australia as Biggest Bank Curbs Lending

[I]  Hong Kong Property-Loan Pipeline Heats Up

[I]  RBNZ Expects to Keep Cash Rate at Record Low Until Mid-2019

[I]  S&P Global Wants In on China's $11 Trillion Bond Market

 

BUSINESS LINE

[I]  RBI sees inflation pressure rising, keeps rates on hold

[I]  RBI to set up ombudsman to further regulate NBFCs

[I]  A relaxation in lending rate would have been a morale booster: Realty players

[I]  Inflow of Rs. 1-lakh cr pushes MF AUM to all-time high

[I]  M.P. adds 4 rabi crops to price compensation scheme

[I]  Central bank holds policy rate, but for borrowers the party is over

[I]  Linking base rate to MCLR: Too little too late?

[I]  Banks can now meet priority sector target better

 

ECONOMIC TIMES

[I]  All-out assault on democracy: UN to Maldives

[I]  Did RBI Guv just make a case for LTCG tax removal ?

[I]  What to read into RBI’s money policy review: 5 key takeaways

[I]  Yuan surges to 2-1/2 year high on strong fixing, dollar selling

[I]  How elders gravitate to government bonds

[I]  India's tea exports hit 36-year high of 240.7 mn kgs

[I]  RBI sees inflation firming up at 5.1% in March quarter

[I]  RBI credit policy: Key highlights

[I]  Artificial Intelligence race with China: Panel to create road map

 

BUSINESS STANDARD

[I]  Insolvency rules tweaked to maximise bid value, period of restructuring cut

[I]  Do not want to stop production of fuel cars, lose out on exports: Gadkari

[I]  RBI keeps policy rate unchanged; flags inflation risks, fiscal deficit

[I]  What marketers can do to unlock India's booming 'rurban' potential

[I]  'Indian firms need to take a long-term view on serving the next billion'

[I]  Government changing definition of MSMEs to be in sync with GST

[I]  Centre to link driving licence with Aadhaar to weed out fake ones: SC told

[I]  RBI on a rate cut hiatus: Patel flags fiscal slippage, excessive taxes

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10521;  USDINR DGCX: 64.5125;  DJIA Mini: 24655;  FTSE 100 Fut: 7157;  NIKKEI 225 Fut: 21806;  EUR-USD: 1.2270; Crude Oil (WTI): 61.47;  Gold (Spot): 1315

Best Regards, ARBIND

08 Feb 2018