MACRO ECONOMIC NEWS

WISHING A FABULOUS FRIDAY TO FOLLOW BLISS AND DO WHAT MAKES HEART SING

Macro Economic News 23 Mar 2018

 

U.S. President Donald Trump announced his much-anticipated tariff measures against China as stocks tank and bonds surge. The 10-year Treasury yield slid toward 2.8 percent and the yen advanced as investors sought safe havens. 

On the radar will be CPI data coming from Japan and Singapore, and Taiwan industrial production. Europe's day will feature a Russian interest rate decision, Danish retail sales, Spanish PPI and Norwegian unemployment. The American session's data docket will include Brazilian inflation and current account figures, as well as U.S. durable goods and new home sales. And the deadline arrives yet again for Congress to avoid a government shutdown.

 

FINANCIAL TIMES

[I]  Trump tariffs target strategic Chinese sectors

[I]  Economists’ cryptocurrency aims to avoid pitfalls of bitcoin

[I]  Jay Powell plays it safe in Federal Reserve debut

[I]  US businesses react with alarm to Trump’s China tariffs

[I]  Unrest hits central and eastern Europe as post-Soviet hopes fade

[I]  Bank of England sets the stage for interest rate rise in May

[I]  US grants last-minute exemptions to looming steel tariffs

 

REUTERS

[I]  India allocates 100 billion rupees for 'Modicare'

[I]  India likely to emerge unscathed from El Nino: government official

[I]  Indian airliner makes history by flying to Israel via Saudi airspace

[I]  Merkel raises prospect of further steps against Russia

[I]  EU backs Britain in blaming Russia for spy attack, recalls Moscow envoy

[I]  Trump moves toward China tariffs in warning shot on technology transfer

[I]  Japan will closely communicate with the U.S. over trade issues-Seko

[I]  Oil prices rise as Saudi Arabia says production curbs could last into 2019

[I]  China strikes back in trade spat, aims tariffs at $3 billion U.S. goods

[I]  Trump moves towards China tariffs in warning shot on technology transfer

[I]  Merkel says EU still waiting to hear U.S. plans for tariffs

[I]  Government funding bill hits snag in U.S. Senate

[I]  ECB's Draghi warns EU leaders on raising spending

 

BLOOMBERG 

[I]  Japan’s Central Bank Is Halfway to Its Inflation Target

[I]  China Hits Back at Trump With Planned Tariffs on $3 Billion of U.S. Imports

[I]  EU Backs May and Points Finger at Russia for Chemical Attack

[I]  Asia Markets Plunge as China Hits Back at Trump's Tariffs

[I]  China’s Central Bank Raises Borrowing Costs After Fed Hikes

[I]  Hong Kong Turnover Shows Big Money Doubts About Market Recovery

[I]  End of Korean War Might Spark End to ‘Korea Discount’ for Stocks

[I]  Surging Money Rates 10,000 Miles From Fed Flag Warning for RBA

 

BUSINESS LINE

[I]  LoU ban: Jewellers burn more cash to get import credit

[I]  Capital gains from buyback ‘gold rush’ on taxman’s radar

[I]  ‘States must recall drugs, combination medicines sold without DCGI nod’

[I]  Electric-vehicle policy will clear regulatory hurdles, says Minister

[I]  ‘Internet firms pose a big challenge to anti-trust bodies’

[I]  Gratuity boost — what it means for you

[I]  90% of Budget Session-II lost to disruptions

[I]  Vegetable seeds industry to double to Rs. 8,000 cr in 5 years: ICRA

[I]  Reports on Rs. 1-lakh cr smart cities projects in the making

[I]  Chinese firms eye role in smart cities

 

ECONOMIC TIMES

[I]  Trump sets China tariff plan, edges away from global trade war 

[I]  In India, digital gold sellers hope trickle will become a rush

[I]  Merger and acquisition deal volume at 7-year high in 2017 with 1,022 transactions: EY

[I]  Wheat output may witness marginal squeeze due to weather in North

[I]  18 PSUs remain in 'red' despite government's effort to revive them

[I]  Delhi government presents 'green budget', aims at controlling pollution

[I]  CAD may treble to $10-12 billion in Q4 on higher trade deficit: Icra

[I]  Kerala all set to transform to a digital economy, says chief minister

[I]  Need to rethink over PSBs ownership if to ward frauds off in future: CEA Arvind Subramanian

[I]  Insolvency law panel likely to finalise report this month

 

BUSINESS STANDARD

[I]  Vision 2025: Draft defence policy eyes place for India in producers' club

[I]  Electric cars may be cheaper than gas guzzlers in seven years, says report

[I]  Ayushman Bharat insurance scheme: Testing for Modicare to start by July

[I]  Big rise in farmer suicides in four states during 2016, says NCRB data

[I]  US Fed rate hike: Indian exports may take small hit in long-term

[I]  Fixed-term contract staff to get gratuity benefits like permanent employees

[I]  Govt extends export support to chana dal; to produce 24 mn tonnes of pulses

 

MARKETS (07:00 am) 

[I]  SGX NIFTY Fut: 9993;  USDINR DGCX: 65.2100;  DJIA Mini: 23797;  FTSE 100 Fut:  6792;  NIKKEI 225 Fut: 20770;  EUR-USD: 1.2331; Crude Oil (WTI): 65.22;  Gold (Spot): 1338

Best Regards, ARBIND

23 Mar 2018