MACRO ECONOMIC NEWS

WISHING A DAY OF INNOCENCE LOVE AND COMPASSION LIKE SHIVA

Macro Economic News 14 Feb 2018

 

Lunar new year celebrations for the Year of the Dog are set to kick off, affecting China, Hong Kong, Taiwan, Singapore, Malaysia and Indonesia. Chinese mainland markets are closed Feb. 15-21. It's set to be a banner day for data out of Asia, with GDP readings for Japan (preliminary) and Singapore (final) due within 10 minutes of each other Wednesday morning, followed by Malaysian GDP in the afternoon. Thailand is expected to keep its benchmark interest rate on hold at 1.5 percent.  The European session brings GDP for the euro area and Germany (CPI too). Across the Atlantic, the U.S. releases retail sales figures in addition to the all-important CPI print. (Bloomberg)

 

FINANCIAL TIMES

[I]  German conservatives start to plan for life after Merkel

[I]  US on track to become world’s largest oil producer

[I]  ‘Zexit’ consumes South Africa as defiant Zuma clings on

[I]  Bankers raise doubts over Trump infrastructure plan

[I]  Food groups scent profits in India’s pet boom

[I]  ‘Self-inspection’ campaign looms for China’s online lenders

 

NEW YORK TIMES

[I]  Trump Tells Lawmakers He’s Mulling Limits on Imported Steel

[I]  Boom and Gloom: An Economic Warning for California

[I]  Big Profits Drove a Stock Boom. Did the Economy Pay a Price?

 

WALL STREET JOURNAL

[I]  U.S. Household Debt up $193 Billion

[I]  The Student-Loan Problem That Won’t Go Away

[I]  Trump’s Budget Proposal Projects Big Jump in Deficits

[I]  Mester Says Fed Should Raise Rates in 2018 at Pace Similar to 2017

[I]  Sizing Up the Trumponomics Gamble on Deficit Spending and Inflation

[I]  Economists Stick With Optimistic U.S. Outlook Despite Market Turmoil

 

REUTERS

[I]  India explores 'cheap power' sales to neighbours

[I]  Chinese paper says UK trying to grab attention with South China Sea mission

[I]  South Korea to take dispute on U.S. steel anti-dumping duties to WTO

[I]  Japan posts longest growth streak since bubble economy

[I]  Brexit gives 'grounds for hope', says UK's Johnson in appeal to 'Remainers'

[I]  Trump weighs tariffs, quotas on U.S. steel, aluminum imports

[I]  U.S. senators concerned about Chinese access to intellectual property

[I]  America has been 'piggy bank' for other countries: Trump

[I]  RBI announces new bad-loan-resolution framework

[I]  Market volatility, budget deficits pose test for Fed's Powell

 

BLOOMBERG 

[I]  What Correction? S&P 500 Drop Among Smallest in Postwar History

[I]  U.K. Border Force Under Strain With Brexit Looming, Lawmakers Say

[I]  Economists Expect a U.K. Interest Rate Hike in May

[I]  U.S. Auto Loan Credit Scores Rise

[I]  Singapore’s Economic Growth Misses Estimates

[I]  Singaporeans Should Likely Brace for Tax Hikes

[I]  Cash-Rich Singapore Developers May Spur More Record Land Deals

[I]  U.K. Inflation Holds Steady After BOE Warns of More Rate Hikes

[I]  Bullet Trains Are Transforming the World's Biggest Migration

[I]  Yen May Have More Surprises in Store for Bulls and Bears Alike

[I]  Australia Power Player Calls Out Traders Who Can't Back Up Deals

[I]  Market Swings Put Southeast Asia's Top Economies on Rate Hold

[I]  China's Debt-Laden Dealmakers Eyed by Restructuring Specialists

 

BUSINESS LINE

[I]  RBI’s new debt resolution framework could increase bank NPAs

[I]  FRDI Bill: Centre offers to set a new cap on deposit cover

[I]  NPPA raises ceiling prices of nine drug formulations

[I]  CA institute seeks one more disciplinary committee Bench

[I]  Housing Ministry to conduct annual survey of liveability standards in cities

[I]  Banks may take Rs. 30,500-cr hit this fiscal on treasury losses: Ind-Ra

[I]  Ultra High Networth Households spend more than investing: Report

[I]  Mutual funds see little change in inflows post-LTCG tax regime

[I]  FIIs cautious, turn net sellers in February

 

ECONOMIC TIMES

[I]  Why Jaitley's MSP formula will help neither farmers, nor the agriculture sector 

[I]  What if the richest person paid on government's behalf?

[I]  PE/VC investments worth USD 3.5 bn in Jan 2018: Report

[I]  MSP will help neither farmers, nor the agriculture sector

[I]  Wheat acreage down 4 per cent in 2017-18; production may drop

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

[I]  India among top 10 nations in terms of forest area

[I]  Number of people not paying service charge has increased: Survey

[I]  Wake up call for defaulters: Financial Services Secretary Rajiv Kumar

 

BUSINESS STANDARD

[I]  NPA levels of banks set to bloat with RBI's mega resolution framework

[I]  Finance Ministry proposes to allow premature closure of PPF account

[I]  Commodity producers, retail lenders and metal firms grew the fastest in Q3

[I]  Rise in profits may not signal revival of capital goods sector: Analysts

[I]  Merger of three PSU general insurers likely before next fiscal-end

[I]  EPFO may pare investments in debt instruments as corporate bonds dry up

[I]  Revised RBI norms to clean up NPAs in one go: Financial Services Secretary

[I]  Winning the war against fraud, export slumps, NPAs and corruption

 

MARKETS (07:30 am)

[I]  SGX NIFTY Fut: 10548;  USDINR DGCX: 64.3625;  DJIA Mini: 24683;  FTSE 100 Fut: 7141;  NIKKEI 225 Fut: 21210;  EUR-USD: 1.2354; Crude Oil (WTI): 59.25;  Gold (Spot): 1333

Best Regards, ARBIND

14 Feb 2018