MACRO ECONOMIC NEWS

LIFE WOULD BE TRAGIC IF IT WEREN'T FUNNY - STEPHEN HAWKING

Macro Economic News 15 Mar 2018                                 

 

Globe is going through asset reallocation cycle and it happens almost every decades. It is interesting to notice that value of all investible assets is shrinking and asset with less resiliencies will shrink less while investor with lesser resiliencies might lose more. It’s funny that asset as well as people resiliency is also changing faster than ever. Investors are coping with concerns about a potential trade war amid shakeups at the White House. At the same time, an announcement on the next head of the PBOC looms, while bond giant Pimco is worried about Australia.

 

FINANCIAL TIMES

[I]  US believes Russia responsible for nerve agent attack in Britain

[I]  UK accused of falling short with its response to Russia

[I]  British accusations stir Russian defiance against the west

[I]  Regime change leaves hawks ascendant in US foreign policy

[I]  Merkel elected to fourth term as German chancellor

[I]  Japan wage increases fall short of Abe’s 3% target

[I]  Draghi urges measured pace of ECB interest rate rises

[I]  French central bank chief urges eurozone reform

[I]  EU funding for Turkey fails to cut corruption or bolster judiciary

[I]  EU threatens visa curbs over illegal migrant returns

 

REUTERS

[I]  U.S. challenges Indian export subsidies at WTO - official

[I]  Indian importers face funding crunch with clampdown on credit guarantees

[I]  Australian inquiry hears CBA knew risks but put mortgage 'volume' ahead of customers

[I]  Global stocks retreat, bonds advance as simmering trade woes curb risk appetite

[I]  U.S. pressing China to cut trade surplus by $100 billion - White House

[I]  Wholesale inflation eases for the third straight month in India

[I]  U.S. pressing China to cut trade surplus by $100 billion - White House

[I]  Author of disputed Brexit blueprint for banks says gaining ground

 

BLOOMBERG 

[I]  Private Equity's Money Problem

[I]  Trudeau Offers to Pick Up Pace on Nafta Ahead of Mexico Election

[I]  Business Groups Gather to Consider Anti-Tariff Strategies

[I]  Serbia Boosts Allure of Emerging Europe's Best-Performing Bonds

[I]  Game Theory Scowls at Trump-North Korea Talks

[I]  Venezuela’s Hyperinflation Is Breaking Deli Scales

[I]  The Worst May Be Over for India's Rural Economy

[I]  New Zealand Economy Grows Less Than Expected; Kiwi Slides

[I]  Indonesian Bitcoin Investors Set to Outnumber Stock Participants

 

BUSINESS LINE

[I]  Institutions, personalities who defined change

[I]  RBI ban on LoUs, LCs will hurt small, medium units the most: India Inc

[I]  ‘Advertisers taking targetted communication to a new level’

[I]  World Bank pegs India’s growth at 7.3% in FY19

[I]  At 2.48%, WPI inflation hits 7-month low in Feb on cheaper food items, fuel

[I]  Indian realty sector to touch $180 billion by 2020, says report

[I]  India to become self-sufficient in silk production in four years

[I]  Depression brings heavy rain to parts of Kerala, TN

 

ECONOMIC TIMES

[I]  US turns up the heat on Indian exports, opposes subsidies at WTO

[I]  What explains the large spread between policy rate and 10-year yield

[I]  Banks shut doors on small jewellers post PNB scam

[I]  Currency in use hits pre-note ban levels

[I]  India's April-January non-basmati rice exports jump 34 per cent year on year: Govt body

[I]  Parliamentary Panel asks government to review employees pension scheme

[I]  RBI LoU ban will lead to realignment of banks' overseas business

[I]  Ease of doing business: PMO acts as BMC fails test

 

BUSINESS STANDARD

[I]  Scorching summer may hit water supply and fodder, spare rabi crop: Experts

[I]  LS passes Finance Bill 2018; unlisted stocks to get indexation benefits

[I]  Realty consultants beef up investment banking teams as big deals pop up

[I]  As Angela Merkel begins new term, compromises could undo economic boom

[I]  Govt-as-investor in public sector banks

[I]  Internet: Is the tech wonder of our times headed for trouble?

 

MARKETS (09:00 am) 

[I]  SGX NIFTY Fut: 10405;  USDINR DGCX: 65.0100;  DJIA Mini: 24809;  FTSE 100 Fut:  7136;  NIKKEI 225 Fut: 21674;  EUR-USD: 1.2380; Crude Oil (WTI): 61.07;  Gold (Spot): 1327          

Best Regards, ARBIND

15 Mar 2018