MACRO ECONOMIC NEWS

WISHING THE POSITIVITY OF THE DAY BRINGS WITH PLENTIFUL OF PROSPERITY
Macro Economic News 20 Mar 2018

 

The Trump administration is pressing countries to ally with the U.S. in pushing back against Chinese trade policies in exchange for relief from American tariffs on steel and aluminum. Europe will feature the German ZEW survey, U.K. inflation data, EC consumer confidence and figures from South Africa on the current-account balance and inflation. In the U.S., the FOMC will start its two-day meeting. Meanwhile, Saudi Crown Prince Mohammed bin Salman meets President Donald Trump at the White House.

 

FINANCIAL TIMES

[I]  Saudi crown prince to push Trump for harder line on Iran

[I]  UK and EU agree ‘decisive step’ with 21-month Brexit transition

[I]  Putin confronts strategic choice after big Russian election win

[I]  Monitors say Russian election far from fair, but cleaner

[I]  Brussels offers to be US ally in steel trade fight

[I]  Seoul warns of US steel tariff impact on nuclear talks

[I]  Norway government on the brink of collapse

[I]  G20 economies must push to invest more in infrastructure

 

REUTERS

[I]  Foreign insurers gain in China amid scrutiny of riskier local products

[I]  Japan says G20 communique to reflect concern over protectionism

[I]  G20 pushes for free trade as U.S. vows to defend national interest

[I]  Japan could be exempted from U.S. tariffs on steel, aluminum: Seko

[I]  U.S. bans transactions with Venezuela's digital currency

[I]  Vienna unbeatable as world's most liveable city, Baghdad still worst

[I]  EU firms scale back presence in UK as Brexit nears - survey

[I]  Trump still wants summit of Gulf states

[I]  Column - India shows crude battle is much more than OPEC vs U.S. shale

[I]  U.S. Treasury's Mnuchin at G20 emphasizes free trade, reciprocal terms: official

 

BLOOMBERG 

[I]  Cash Isn't Going Down Without a Fight in Digital U.K.

[I]  Analysts Now Expect the Bank of England to Hike Interest Rates in May

[I]  Foreigners Pile Into Saudi Stocks as Index Calls Loom, Oil Gains

[I]  House Russia Probe to Close Despite Revelations About Data Firm

[I]  Calm Malaysia Investors Reach for Snooze Button as Poll Nears

[I]  Hong Kong's Tycoons Are Passing Massive Wealth to Their Heirs

[I]  Supermarket Bankruptcies Are Beginning to Pile Up

[I]  Marijuana Is the New Gold for Mining Companies Going to Pot

[I]  Uninsured Mortgages Keep Surging Even as Canadian Housing Cools

[I]  Australian Rates Unlikely to Move ‘Anytime Soon,’ Morrison Says

[I]  What Crackdown? Investors Bet on China’s Live-Streaming Titans

[I]  War for Asia Talent Pushes Banks to Boost Plans to Retain Women

[I]  From Exemption to Escalation: Japan's Options on U.S. Tariffs

 

BUSINESS LINE

[I]  India Inc says no to e-commerce talks in meeting with WTO chief

[I]  Private fuel retailers’ market share rises in three years

[I]  Draft Agri Export Policy seeks to end curbs to bring in stability

[I]  Plans to boost value added exports, organic products

[I]  Andhra Pradesh’s public debt mounts to ₹2.25 lakh crore

[I]  Central fund transfers not going beyond regular ...

[I]  Wheat production in MP, other central States vulnerable to climate change: Study

[I]  50 nations to take up global trade issues at WTO ...

 

ECONOMIC TIMES

[I]  Why India must urgently cut the number of its public sector banks

[I]  US import duty won’t impact global aluminium industry: Icra

[I]  Stable trade policy needed to boost agri exports: Draft policy

[I]  MSME credit to grow at 12-14% over next 5 years: Icra

[I]  India's CAD likely at 1.7 pc this fiscal: Report

[I]  India hosting mini-ministerial meet to break WTO impasse

[I]  India, Hong Kong sign double tax agreement

 

BUSINESS STANDARD

[I]  Good times ahead: DoT eases spectrum caps, increases payment tenure

[I]  Domestic air passenger traffic rises 24% in Feb; regional carriers falter

[I]  Manufacturing companies' sales improve in Q3, profit subdued: RBI

[I]  Maharashtra bans plastic: Beverage, dairy firms plan new packaging plans

[I]  Global trade climate has grown risky, says WTO chief Roberto Azevedo

[I]  India has not signed any free trade agreement in last 3 yrs: Govt

[I]  Rupee may come under pressure as economy shows signs of stress: Experts

 

MARKETS (07:15 am) 

[I]  SGX NIFTY Fut: 10093;  USDINR DGCX: 65.3725;  DJIA Mini: 24677;  FTSE 100 Fut:  6985;  NIKKEI 225 Fut: 21303;  EUR-USD: 1.2347; Crude Oil (WTI): 62.25;  Gold (Spot): 1316

Best Regards, ARBIND

20 Mar 2018