MACRO ECONOMIC NEWS

WISHING A BEAUTIFUL DAY OF BLESSINGS BLISS AND BENEVOLENCE

Macro Economic News 19 Feb 2018

 

Globally incentive for home ownership is coming down despite global synchronised economy recovery, increasing corporate earnings, easy monetary policy and fiscal stimulus. Job growth and real wage growth and its certainty over foreseeable future are questions of concern.

Inflation data from Japan, a purchasing managers index reading from Europe and minutes from the U.S. Federal Reserve’s latest policy meeting, plus comments on the Fed’s balance sheet from central-bank officials will be key guiding factors for financial markets.

 

FINANCIAL TIMES

[I]  Trump lashes out over Russian investigation

[I]  Breakthrough over growing human organs in animals

[I]  Greece seeks to calm Brussels’ bailout fears

[I]  Irish PM launches plan to rebalance growth to regions

[I]  China threatens to retaliate against US metals tariffs

[I]  EU plan to bolster defence co-operation sparks US concern

[I]  Oil majors see their chance in staid world of utilities

[I]  Eurozone reformers act as if the crisis never happened

 

REUTERS

[I]  Insight: Billion dollar diamond fraud case puts India's state banks in focus

[I]  Gearing up for rate hike, UK households turn gloomier on finances: survey

[I]  Japan January export growth points to continued economic recovery

[I]  Global dividends hit record of $1.25 trillion in 2017, more to come

[I]  German carmakers in a spin ahead of diesel ban ruling

[I]  Australia, U.S., India and Japan in talks to establish Belt and Road alternative: report

[I]  Japan manufacturers' mood worsens as yen rises: Reuters Tankan

[I]  U.S. tax reform benefit drives Australia's Brambles profit above estimates

[I]  Jittery U.S. bond market braces for supply wave

[I]  Not so fast: Inflation may take a while to stir

 

BLOOMBERG 

[I]  As Treasuries Slip on Rate Fears, Bond Funds Seek Refuge in Asia

[I]  Theresa May's Vision Starts to Emerge for Post-Brexit Reality

[I]  Once OPEC's Oil-Price Dove, Saudi Arabia Takes a Harder Line

[I]  London’s Housing Boom Is Over, Rightmove Says

[I]  Three Things Worrying the Global Security Establishment

[I]  China Warns It May Retaliate If U.S. Imposes Metal Tariffs

[I]  Trump Criticizes Everyone But Russia for 2016 Election Meddling

[I]  Stronger Yen May Risk Pushing Bank of Japan Taper Further Away

[I]  Philippine Holding Rate Is Appropriate for Now, World Bank Says

[I]  Mumbai Starts Work on a New Airport, Two Decades After First Proposing It

[I]  Japanese Exports Grow 12% as Trade Recovery Moves Into 2018

[I]  Indonesia Hopes to Lure the World’s Top Oil Companies

 

BUSINESS LINE

[I]  With Centre pulling the plug on EV policy, will automakers still step on the gas?

[I]  How the rupee futures trade flew to foreign shores

[I]  More than ‘growth vs inflation’, improving investment is the key

[I]  Investment bankers, consulting firms are top recruiters at IIM-B

[I]  Improved demand drives up tariffs of premium hotels

[I]  Maharashtra ahead of other States in infra spending: PM

[I]  RBI’s NPA bitter pill comes with some side effects

[I]  Tackling NPAs: RBI’s revised framework

 

ECONOMIC TIMES

[I]  Why becoming a $10 tn economy is more than just a number for India

[I]  India's biggest banking scam could make business tougher for less established firms

[I]  Government transforming aviation sector: Modi

[I]  RBI to maintain status quo through first half of this year: Report

[I]  As oil stocks drain, Opec searches for its next fig leaf

[I]  Coal import rises by 12% to 18 MT in January

[I]  India's finished steel export slides over 30% in January

[I]  Financial Conditions deteriorate in January-March: Report

[I]  E-mobility: Government may restructure 2 apex bodies for better inter-ministerial interface

[I]  Retailers accused of levying GST over MRP

[I]  Incentives for green tech, artificial intelligence likely in new industrial policy

[I]  Elusive jobs: Modi govt slowly coming to terms with what awaits it in the final year

 

BUSINESS STANDARD

[I]  Sebi eases access norms for investment by foreign portfolio investors

[I]  Rate of growth in building national highways hits speed bump in 2017-18

[I]  Hiring intent, employability in higher education for 2018 positive: Study

[I]  GST: Is there any mechanism for amending the registration certificate?

[I]  Private Indian refiners likely to get stake in crude oil reserves

[I]  Think employment: Centre's withdrawal of labour law reform is unfortunate

[I]  Discounting e-commerce: Taxing online discounts is illogical

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10458;  USDINR DGCX: 64.4650;  DJIA Mini: 25308;  FTSE 100 Fut: 7266;  NIKKEI 225 Fut: 22002;  EUR-USD: 1.2429; Crude Oil (WTI): 62.34;  Gold (Spot): 1351

Best Regards, ARBIND

19 Feb 2018