MACRO ECONOMIC NEWS

EXPECT TODAY A MIRACULOUS COLOUR IN EVERY ASPECT OF YOUR LIFE

Macro Economic News 01 Mar 2018

 

Elevated volatility is shaping up as a key legacy from February's market turmoil, fueled by fears of inflation and the willingness of the Fed to take the punch bowl away in order to head off any major acceleration in CPI growth. More market swings may be waiting in the wings for March with China's national legislative meetings kicking off this weekend. Italian and Russian elections are also coming, and a Fed rate hike is expected toward the end of the month. Thursday will feature data on Japanese capital spending and company profits, Korean trade and a slew of PMIs. (Bloomberg)

 

FINANCIAL TIMES

[I]  India regains title of world’s fastest-growing major economy

[I]  Theresa May attacks Brussels Brexit draft as threat to UK integrity

[I]  US tax reform puts bank bonds in the line of fire

[I]  Huge fraud at Indian bank spurs privatisation calls

[I]  China manufacturing gauge suffers sharpest fall in 6 years

[I]  Overdue US credit card debt hits 7-year high at $11.9bn

[I]  US pending home sales fall to lowest level in 3 years

[I]  US regulator warns companies after net neutrality shake-up

 

REUTERS

[I]  India regains status as fastest growing economy

[I]  Feb factory growth slows to four-month low

[I]  Infrastructure output grows 6.7 percent

[I]  Mexico concerns about U.S. steel tariffs hang over NAFTA talks

[I]  Venezuela presidential hopeful wants Wall St. economist on team

[I]  Surge in imports helps curb U.S. fourth-quarter economic growth

[I]  China working-age population shrinks, presenting pitfall for pension plans

 

BLOOMBERG 

[I]  Treasury Yield May Hit 4%, Says Former BlackRock Bond Manager

[I]  Brexit Talks Yield Some Hope With Citizens’ Rights Deal Closer

[I]  Tony Blair to EU: Brexit Is Your Problem Too—Help Us Avoid It

[I]  U.K. Auto Sector's Only Brexit Option Is Damage Control, Report Says

[I]  Australian Home Prices Fall Again in Further Sign Boom Is Over

[I]  Collapse in Asia's Favored Bond Market Drives Biggest Bank Away

[I]  China Plans Curbs on $1 Trillion in Money-Market Funds

[I]  Robust Growth and Extreme Weather Halt China's Coal Demand Slide

[I]  Japan Hits Speed Bump With Sharp Drop in Industrial Output

[I]  Vietnam Snatches Back Asia’s Equity Crown as Foreigners Buy

 

BUSINESS LINE

[I]  Fiscal deficit overshoots full-year target by 14%

[I]  E-wallet users left in the lurch as KYC updation deadline ends

[I]  Investment potential in mining: Survey removes India from list of top 91 nations

[I]  ‘In pensions, India has only taken baby steps’

[I]  Cabinet ups guarantee to NAFED, clears anti-trafficking Bill

[I]  This month on, Railways to digitise lakhs of supplier bills

[I]  Tax devolution to States is challenge for 15th Finance Commission, too

 

ECONOMIC TIMES

[I]  India needs to evolve into a pensioned society: FM

[I]  India to double state purchases of oilseeds, pulses to help farmers

[I]  Currency in circulation almost at pre-demonetisation levels

[I]  15th Finance Commission to commission study on cess collections of Centre

[I]  Economy at revival threshold: India Inc on Q3 GDP

[I]  India could grow at 8% in FY19 and onwards: Pranab Mukherjee

[I]  Core sector grows 6.7 per cent in January as cement, power production rises

[I]  India’s GDP growth rises to 7.2% in December quarter

[I]  D Subbarao cautions India on deficit, import duties

[I]  Fiscal deficit overshoots full-year revised estimate in January

[I]  Watch: April-Jan fiscal deficit touches 113.7 pct of full-year target

 

BUSINESS STANDARD

[I]  Know your rights when you fly: Government to ask airlines to educate flyers

[I]  India to grow 7.6% in calendar year 2018 amid note ban disruption: Moody's

[I]  Jan core sector growth sharply rises to 6.7%; cement, refinery output zoom

[I]  India factory growth slows to 4-month low as rising prices dent demand: PMI

[I]  Govt announces Rs 50 bn fund to jumpstart growth in 12 key services sectors

[I]  Pressure to ease on iron ore prices; mining firms to resume operations

[I]  The economy turns around as third-quarter GDP growth lifts future prospects

[I]  Correcting misinformed impressions about NPAs and bad banks

[I]  MFs' equity portfolio hit hard during February corrections

[I]  Pre-monsoon months of March, April, May to be warmer than warmer: IMD

[I]  'Boring' gold giants struggle to compete with hot battery metals

[I]  Rome to ban diesel cars from 2024

 

MARKETS (06:30 am)

[I]  SGX NIFTY Fut: 10440;  USDINR DGCX: 65.4225;  DJIA Mini: 25082;  FTSE 100 Fut: 7226;  NIKKEI 225 Fut: 21800;  EUR-USD: 1.2189; Crude Oil (WTI): 61.53;  Gold (Spot): 1317

Best Regards, ARBIND

01 Mar 2018