MACRO ECONOMIC NEWS

GRATITUDE IS THE WAY OF LIFE. MIRACLE HAPPENS ALL THE TIME.

Macro Economic News 09 Mar 2018                                 

 

BOJ delivers a peaceful policy decision along the lines of “no change, but we stand ready to deliver more powerful easing to achieve our 2 percent inflation goal.” China inflation and Philippine trade data are also due to round out a week that has been a breathtaking roller coaster ride for many markets. Europe's session features German, French, Spanish and British industrial output as well as Norwegian CPI.

 

FINANCIAL TIMES

[I]  ECB drops pledge to buy more bonds if needed

[I]  US tariffs foreshadow tougher action on China

[I]  China warns of ‘necessary response’ to US trade war

[I]  Non-bank US mortgage lenders pose systemic risk, study says

[I]  Ireland warns tech groups over new EU data rules

[I]  Tusk says Brexit talks must solve ‘Ireland first’

[I]  Businesses turn to software robots for office work

[I]  Syriza is undermining democracy in Greece

 

REUTERS

[I]  Trump ready to meet North Korean leader Kim by May: South Korean official

[I]  Trump sets steel and aluminum tariffs, Mexico, Canada exempted

[I]  Asia-Pacific nations sign sweeping trade deal without U.S.

[I]  China steel body calls for government response to U.S. trade tariffs

[I]  US tariffs risk serious consequences, no 'all clear' yet: Bank of Canada

[I]  Brazil to seek exemption from U.S. trade tariffs, minister says

[I]  Indian cotton seed companies threaten supply halt over price cut

[I]  German industrial orders plunge in "horrible start" to year

[I]  EU snubs Britain's post-Brexit trade demands, offers banks no special deal

 

BLOOMBERG 

[I]  Draghi's Guidance Change Comes at an Awkward Time

[I]  Aging Oil Fields Defy Gravity to Pump More Crude

[I]  With Tariffs Official, Corporate America Argues They Don't Apply

[I]  Japan’s Economy Faces Headwinds After Topping 4Q Forecasts

[I]  ECB Unexpectedly Dials Back Stimulus Pledge as Economy Improves

[I]  China’s War on Pollution Will Change the World

[I]  How Japan’s Central Bank Is Driving Speculation About the Future of Stimulus

[I]  Malaysia Disagrees With IMF Over Currency Management, Once Again

[I]  China Looks to Claw Back $1.4 Trillion in Lost Tech Listings

[I]  First China Local Default Could Come This Year, Aberdeen Says

[I]  Super Rich Indians' Love of Stocks Dwarfs Rest of the World

[I]  Japanese Snap Up German, French Bonds While Shunning U.S. Debt

 

BUSINESS LINE

[I]  How vehicles will stay on govt’s radar on highways, and on GST e-way bill...

[I]  Direct tax mop-up increases 19.5% in April-Feb period

[I]  An impressive line-up for aviation enthusiasts

[I]  GST Council’s Saturday meet to sort out filing, E-Way Bill issues

[I]  Centre seeks Parliament’s nod for Rs. 60,500-cr GST compensation to States

[I]  India won’t hesitate to approach WTO if US imposes ‘selective’ steel, aluminium tariffs

[I]  Rajya Sabha presses for early passage of Women’s Reservation Bill

[I]  Govt wants to more than double village-level women entrepreneurs

[I]  Rs. 1.8-lakh cr cash trapped in balance sheets: EY

[I]  Post RBI audit of all banks, NPA divergences could rise, fears ICRA

[I]  Maharashtra economy seen slowing to 7.3% in 2017-18

[I]  India’s wealthy population in key $5-million category rises 21%

 

ECONOMIC TIMES

[I]  ECB drops easing bias, taking baby step towards stimulus exit

[I]  Government expecting "some more" dividend from RBI in March: Secretary

[I]  Government seeks Parliament nod to spend Rs 85,315 crore more this fiscal

[I]  Nearly 80% of Indian households now have access to LPG gas

[I]  Direct tax collections for April-Feb at Rs 7.44 lakh crore, up 19.5% on year

[I]  Mumbai is now the 16th most expensive city

[I]  Indian economy will have V-shaped recovery: Garg

[I]  Government eases norms for e-way bill generation

[I]  Landmark judgment: Guarantors’ assets cannot be liquidated under IBC

 

BUSINESS STANDARD

[I]  Investors upset as four banks recall Rs 109-bn additional tier 1 bonds

[I]  Indian carriers ready to splurge on new planes in booming aviation market

[I]  No double digit growth for Indian IT services firms for next 3 yrs: Report

[I]  Sales decline in US pushes drug makers to evaluate better options in Europe

[I]  PMO steps in to speed up GST refunds for exporters

[I]  Firms need to improve working capital needs, says EY study

[I]  India's road to becoming a $1-trn digital economy is full of roadblocks

[I]  Scrapping aged trucks and buses may lead to minimal sales push

[I]  Plug loopholes in alternative investment funds regulations: RBI to Sebi

[I]  ECB drops easing bias, taking baby step towards stimulus exit

[I]  German industrial orders plunge in "horrible start" to year

[I]  In real estate, it pays to put women on the board, shows study

 

MARKETS (06:45 am) 

[I]  SGX NIFTY Fut: 10292;  USDINR DGCX: 65.2625;  DJIA Mini: 24981;  FTSE 100 Fut: 7220;  NIKKEI 225 Fut: 21847;  EUR-USD: 1.2306; Crude Oil (WTI): 60.44;  Gold (Spot): 1318          

Best Regards, ARBIND

09 Mar 2018