MACRO ECONOMIC NEWS

WISHING A BLESSED DAY AHEAD WITH MIRACLES EVERYWHERE AROUND

Macro Economic News 27 Mar 2018

 

Donald Trump’s administration is urging China to lower tariffs on cars and open its market to U.S. financial services as part of talks to resolve a rise in trade tensions that has shaken global markets. Kim Jong Un made a surprise visit to Beijing on his first known trip outside North Korea since taking power in 2011. The U.S., European Union nations, Ukraine and Canada expelled more than 100 Russian envoys in response to the nerve-agent attack on a former Russian spy in the U.K. Russia vowed to retaliate.

 

FINANCIAL TIMES

[I]  US leads international expulsions of Russian diplomats

[I]  Wall Street bonuses rise 17% to pre-crisis levels

[I]  Democracy’s faint pulse in the Middle East

[I]  Governments must intervene to build trust in data use

[I]  Britain has a chance to fly the flag for a global open skies pact

[I]  Companies champion democratic values in Donald Trump’s US

[I]  Repairing the trust between users, data and politics

[I]  Agent-based economic models offer more realism

 

REUTERS

[I]  U.S., EU to expel more than 100 Russian diplomats over poisoning of double agent

[I]  Once hot favourite, India bonds lose charm for foreign investors

[I]  Greece's Varoufakis promises to end debt bondage

[I]  Whistleblower questions Brexit result, says campaigners broke election law

[I]  India plans to borrow 2.88 trillion rupees in first half of 2018/19

[I]  EU says summit with Turkey provides no answers to concerns

[I]  Egyptians in Sinai queue for bread, not ballots

[I]  Wall Street roars back as trade war fears fade

[I]  EU starts study into possible steel import limits

[I]  Global steel output rose 3.5 percent year-on-year in February

 

BLOOMBERG 

[I]  London's Housing Market Shows More Signs of Being in Doldrums

[I]  Why Some Americans Are Risking It and Skipping Health Insurance

[I]  One of World's Dirtiest Oil Sources Wants to Go Green

[I]  U.S. Recession May Come Just in Time for Trump’s Re-Election Bid

[I]  China Asks U.S. to Offset Trade Loss Due to Metal Tariffs

[I]  Pressure Builds in New Zealand's Seemingly Serene Economy

[I]  Goldman Says There's No Need to Worry About Slowing Global Growth

[I]  China's Riskier Borrowers Escape Deleveraging and Sell Abroad

[I]  India Cuts First-Half Borrowing Plan in Surprise to Markets

[I]  India Weighs Operating Stressed Coal Plants Via State-Run Firms

[I]  Trade-War Angst Cools for Now, Lifting Futures: Taking Stock

 

WALL STREET JOURNAL

[I]  Trump Administration Seeks Freer Hand for U.S. Companies in China

[I]  U.S., China Quietly Seek Trade Solutions

[I]  Global Economy Week Ahead: U.S. Personal Income, Japan Unemployment, China PMI

[I]  Fed Official Who Bailed Out Big Banks Is Now One of Their Biggest Critics

[I]  Economists Worry a Trade War Could Derail U.S. Growth

[I]  Economists See Steeper Fed Rate Path, Stronger Inflation

[I]  As Eurozone Economy Roars, Inflation Lags

[I]  In Europe, Inflation Could Prove a Surprise

[I]  Retail Jobs Reality Likely Isn’t as Grim as It Appears

[I]  ‘The Path of Reform Is Never a Straight Line’: China’s Central Banker Says Goodbye

[I]  China Growth Loses Steam as Factory Activity Slips to 19-Month Low

[I]  Hold Up, Mate: Australia Gets Tough on Foreign Investment

 

BUSINESS LINE

[I]  Stage set for E-Way Bill from April 1

[I]  Oil companies gear up to supply BS-VI fuel to Delhi from April 1

[I]  Centre to reduce market borrowings in H1 FY19

[I]  India looking to resume FTA talks with EU: Prabhu

[I]  Now, you can propose two names while incorporating your company

[I]  No clarity yet on time-barred debt under IBC

[I]  China promises to address bilateral trade issues

 

ECONOMIC TIMES

[I]  Job applicants for 1L Railway jobs more than Delhi's population

[I]  How government borrowing plan may impact bond market

[I]  Cold shoulder to FPIs costs India a $54 trillion opportunity in bond market

[I]  Once hot favourite, Indian bonds lose their charm for foreign investors

[I]  New valuation norms for bond holdings soon

[I]  Government may extend financial support of Rs 8,730 crore in FAME II

[I]  Indians sent record amount of money abroad in January

[I]  India-EU FTA negotiations likely to resume soon

[I]  Economy to double to $5 tn by 2025; no risk to inflation target: Finmin

[I]  Finance Ministry to review performance of PSU insurers

 

BUSINESS STANDARD

[I]  High-level panel on IBC review may stick to 270-day resolution deadline

[I]  Banks Board Bureau given 'free hand'; enjoy rapport with FM: Vinod Rai

[I]  Report on direct tax reforms in 4-5 months: CEA Arvind Subramanian

[I]  Trade deficit with India unsustainable, needs to be addressed: China

[I]  Unlisted PSUs buy back Rs 26 bn stocks to help meet disinvestment goal

[I]  IMF may revise India's fiscal deficit upwards by 0.3% of GDP in WEO report

[I]  57% share in national output, yet secondary steel makers' voice is unheard

[I]  US-Korea FTA: South Korean steelmakers hit with quotas, avoid hefty tariffs

 

MARKETS (06:30 am) 

[I]  SGX NIFTY Fut: 10168;  USDINR DGCX: 64.9075;  DJIA Mini: 24275;  FTSE 100 Fut:  6874;  NIKKEI 225 Fut: 20962;  EUR-USD: 1.2452; Crude Oil (WTI): 65.56;  Gold (Spot): 1351

Best Regards, ARBIND

27 Mar 2018