MACRO ECONOMIC NEWS

WISH YOU AND YOUR LIFE ARE FULLY DRENCHED WITH BEAUTIFUL COLOURS.

Macro Economic News 02 Mar 2018

 

World is fully drenched with colours, all sparkling and bright colours. Donald had ducked many steel companies with irony colour and added different colour to his hawkish trade agenda. Stock market is also under “Influence” this season and showing its colour across globe. Powell is throwing its “Cool Colour” to keep unemployment and inflation in balance. Unique Colour of China is blitzing with the hope of wealth flow without invisible hands. Russia is readying itself with “unstoppable” colour weapon.

South Korean, Japan and Thailand are yet to show its colour of industrial output data and CPI reports. May may colour EU with its renewed relationship along with BOE head heads to Edinburgh with ECO colour. Germany retail sales colour on the way while GDP colour of Czech, Italy and Canada are expected soon. With so many colours around, people accord vote in Germany and Italy.

Happy Holi !

 

FINANCIAL TIMES

[I]  Donald Trump to slap 25% tariff on steel imports 

[I]  Social media faces EU ‘1-hour rule’ on taking down terror content

[I]  Asian bike-sharing companies find road is tougher in Europe

[I]  Russia to deploy ‘unstoppable’ nuclear weapons says Putin

[I]  Spain’s ‘surgical strike’ on Catalonia turns into arduous campaign

[I]  Denmark proposes doubling punishment for crimes in ‘ghettos’

[I]  Germany suspects Russian group of hack

[I]  Japan’s Abe forced to shelve business-friendly labour reform

[I]  Italy’s rising jobless rate piles pressure on Democratic party

[I]  Saudi Arabia approves licensing regulations for cinemas

 

REUTERS

[I]  India to consolidate 35 overseas branches of state banks

[I]  India raises import tax on palm oil to highest in a decade

[I]  Trump to impose steep tariffs on steel, aluminum, stoking trade war talk

[I]  Asia gold price drop supports demand; Indian buyers bet on steeper dip

[I]  Japan jobless rate hits 25-year low, inflation ticks up

[I]  Putin unveils 'invincible' nuclear weapons to counter West

[I]  Russians used social media to stir divisions on U.S. energy policy: lawmakers

[I]  Global Economy: Manufacturing vigour remains, strong currencies hinder exports

[I]  Trump's steel shock drives wedge into sluggish NAFTA talks

 

BLOOMBERG 

[I]  U.S. Tariffs Will Hurt America the Most

[I]  China's GDP Target to Set the Tone for Power Summit

[I]  U.S. Income Inequality Hits a Disturbing New Threshold

[I]  Singapore Freezes World-Leading Ministerial Salaries

[I]  U.S. Shale Surge Offsets Lowest Saudi Oil Imports Since 1980s

[I]  This Tropical Paradise is the Scene of a New Cold War

[I]  Fed Chair Powell Sees 'No Evidence' of Economy Overheating

[I]  Libya Crude Output Is Stable Despite Halt at Key Oil Field

[I]  Tariffs Update: Latest News on Trade Spat

 

BUSINESS LINE

[I]  New regulator to discipline auditors is born

[I]  PNB fraud fallout: Wary banks choke MSMEs’ credit lines

[I]  It will be cheaper if you book train tickets using a debit card

[I]  ‘EB-5 Visa plan, a good option for Indians wishing to move to the US’

[I]  India-China border remains sensitive, tension may escalate: Subhash Bhamre

[I]  Public sector banks begin consolidation of overseas operations

[I]  Global demand for rubber seen up on faster economic growth

[I]  RBI allows higher position limit for FPIs in interest rate futures

[I]  RBI lifts per-borrower loan cap for MSMEs

 

ECONOMIC TIMES

[I]  Govt readies mega social security scheme for 50 crore Indians

[I]  The missing tax trick: What Jaitley needs to do to raise both tax kitty and FDI at one go

[I]  India's economic growth could back more US exports

[I]  RBI allows overseas investors to bet in rate futures

[I]  As 10-year bonds drop for 7th month, SBI leaves bond street

[I]  Global consumer goods companies push for localisation to fight domestic competition

[I]  Food processing to help double farmers' income by 2022: Harsimrat Kaur Badal

[I]  UPI continues strong growth for February

[I]  India blocked WTO ministerial declaration agreement in December: US

[I]  Private sector investment on revival path, say economists

[I]  CBDT signs 7 more unilateral APAs with taxpayers

[I]  'No expenditure cut in FY18 to meet fiscal deficit target'

 

BUSINESS STANDARD

[I]  Car sales set to end the financial year with a growth rate of over 8%

[I]  Emotional attitudes, low aspirations behind teen dropouts, says study

[I]  GST anti-profiteering application complaint form being made simpler

[I]  GVA must expand at 6.9% in Q4 to meet CSO's FY18 projection of 6.4%

[I]  Commerce ministry to reconcile data conflict on polished diamond import

[I]  India, Jordan sign 12 MoUs to boost cooperation in defence, health sectors

 

MARKETS (07:00 am) 

[I]  SGX NIFTY Fut: 10368;  USDINR DGCX: 65.4375;  DJIA Mini: 24629;  FTSE 100 Fut: 7117;  NIKKEI 225 Fut: 21120;  EUR-USD: 1.2272; Crude Oil (WTI): 61.19;  Gold (Spot): 1317          

Best Regards, ARBIND

02 Mar 2018