MACRO ECONOMIC NEWS

GOOD DAY AHEAD. WORLD IS AWAITING US COMPASSIONATELY.

Macro Economic News 13 Mar 2018                                 

 

Easy money of last decade could be evaporating in financing trade wars which could cost the global economy almost half a trillion dollar while 12 trillion economy central bank, the PBOC’s is set to increase its global influence. It would an interesting to watch the policy divergence of the US and China in Global vs Local. Inflation angst seems slowing in the region as well as globally although global positive real return is still a challenge. Production is increasing while productivity is still a challenge. 

 

FINANCIAL TIMES

[I]  America v China: How trade wars become real wars

[I]  Bankers need higher professional standards to regain trust

[I]  Breaking the dilemma on global corporation tax

[I]  Rebranding goes awry for France’s far right

[I]  Students and academics enter into a partnership

 

REUTERS

[I]  India's retail inflation eases for second straight month in February

[I]  China to merge regulators, create new ministries: parliament document

[I]  UK's May says 'highly likely' Russia behind nerve attack on spy

[I]  Japan February wholesale prices rise 2.5 percent yr/yr

[I]  Europe, U.S. senator push back as Trump seeks lower EU tariffs

[I]  India's industrial output up 7.5 percent in January

[I]  Core consumer inflation in range of 5.04-5.16 percent

[I]  Central banks told to think twice before boarding Bitcoin bandwagon

[I]  WTO head warns of retaliation risk after U.S. trade tariffs

 

BLOOMBERG 

[I]  Trump Isn't Retreating From Gun Proposals, Spokeswoman Says

[I]  Central Banks Are Looking for New Ways to Meet Inflation Targets

[I]  Many Financial Firms Still Aren't Prepared for Brexit, Irish Regulator Says

[I]  $103 Billion Quant Firm Piles Into China as Foreigners Welcomed

[I]  The Secret to Avoiding Recession in Australia: Mass Immigration

[I]  Trump Pushes EU to Cut Tariffs as Bloc Vows to Resist ‘Bullies’

[I]  Japan’s Government Under Fire as Scandal Touches Abe’s Inner Circle

[I]  China Plans to Merge Banking, Insurance Regulators

[I]  Why Investors Can't Afford to Ignore China's Central Bank

[I]  Strong Asian Currencies Will Hit India, China Exports Hardest

 

BUSINESS LINE

[I]  Feb CPI inflation dips; Jan IIP up 7.5%

[I]  Taking banks to the unbanked

[I]  Creating an Indian corner in Paris

[I]  Fugitive Economic Offenders Bill seeks to impound, sell assets of fraudsters

[I]  Govt working on ‘cash-back’ scheme for counterfeits sold on e-commerce platforms

[I]  RBI disallows hedging of price risk in gold, gems and precious stones

[I]  July-Dec 2017 saw surge in MSMEs seeking credit for first time

 

ECONOMIC TIMES

[I]  Public sector banking mess is here to stay. And this is why

[I]  Global economy may take $470 billion hit from Trump's trade war

[I]  SEBI seeks to cut retail F&O bets

[I]  Tea exports rise 7 per cent in April-January in FY18

[I]  Sugar industry expects government to scrap export duty this week

[I]  Key highlights of Assam state budget 2018-19

[I]  Tax evasion fears deepen, government in a fix over Rs 34,000-crore mismatch in GST math

[I]  India attracts $209 bn FDI during Apr 2014 to Dec 2017

[I]  As India offers up cash and advice, sunny nations form a solar alliance

[I]  Amendments in e-way bill to tackle supply-chain issues: Report

[I]  Closure orders for 358 industries in Dec '15 to Apr '17

[I]  Govt steps up focus on delivering promised projects and schemes

[I]  India should simplify clean energy rules: EDF chief

 

BUSINESS STANDARD

[I]  Govt panel to suggest fewer creditor votes to pass insolvency plans

[I]  Privatisation of ammunition manufacture kicks off in Delhi

[I]  CGST Act disallows input tax credit for nine entries, but exceptions exist

[I]  Larger role for private players in procurement at MSP could be challenging

[I]  Job creation more than doubles to 136,000 in July-Sept 2017: Labour Bureau

[I]  Rising jobs challenge: Unemployment rate remains elevated, LPR worsens

[I]  Govt may soon ask e-commerce firms to refund all customers duped with fakes

[I]  Protectionism does not pay: Raising import tariffs to hurt Indian consumers

 

MARKETS (06:45 am) 

[I]  SGX NIFTY Fut: 10444;  USDINR DGCX: 65.0800;  DJIA Mini: 25249;  FTSE 100 Fut:  7194;  NIKKEI 225 Fut: 21767;  EUR-USD: 1.2337; Crude Oil (WTI): 61.21;  Gold (Spot): 1324          

Best Regards, ARBIND

13 Mar 2018