MACRO ECONOMIC NEWS

WISHING A REGENERATING DAY LEADING TO RESURGENCE AND RESURRECTION

Macro Economic News 28 Mar 2018

 

Washington considers curbs on Chinese investments in technology deemed sensitive, while Indonesia boosts capital requirements for lenders and Asia is greeted by another late equity meltdown from the U.S. Capial markets will be eager to know the final 4Q South Korean GDP figures, New Zealand business sentiment and rate decisions from Thailand and South Africa.

 

FINANCIAL TIMES

[I]  Brussels to propose €56bn raid on ECB profits

[I]  Militant threat haunts Iraq’s race to revive economy

[I]  US tariffs look to torpedo China world leadership hopes

[I]  Kim Jong Un’s ‘secret’ China visit sends loud message to US

[I]  German politicians divided over expulsion of Russian diplomats

[I]  Brazil’s inflation dip prompts cautious optimism

[I]  Vietnam looks to bolster private sector output

[I]  Rating agency doubles South Africa growth forecast

 

REUTERS

[I]  China state-owned firms' profits rise 25.3 percent y/y in Jan-Feb: finance ministry

[I]  Peru's new president leaves summit ban on Maduro up to diplomats

[I]  U.S., South Korea to revise trade pact with currency side-deal, autos concessions

[I]  Britain's May calls for 'long-term response' to Russia after spy poisoning

[I]  WTO chief sees no sign of U.S. walking away from WTO

[I]  U.S. and China tussle at WTO over legality of Trump tariffs

[I]  U.S. consumer confidence ebbs, house prices surge

 

BLOOMBERG 

[I]  European Majors Snap Up Mexican Oil Contracts Ahead of Election

[I]  Kim Jong Un Is Willing to Hold Summit With U.S., China Says

[I]  There’s a Problem in the Divorce Capital of Europe

[I]  Whistle-Blower Says Brexit Vote Could Have Gone Other Way

[I]  U.S. Weighs Use of Emergency Law to Curb Chinese Takeovers

[I]  Germany at Odds With France Over Tariffs on U.S. Cars

[I]  Aussie Banks Face Squeeze as Conduct Probe Crimps Pricing Power

[I]  Consumer Confidence in U.S. Eases for First Time This Year

[I]  Global Copper Stocks Are Rising at a Record Rate as Demand Lags

 

WALL STREET JOURNAL

[I]  U.S.-China Trade-War Crossfire Threatens Asia

[I]  Bostic Says Fiscal Policy Is Creating More Uncertainty for Fed

[I]  Home Prices Continued to Rise in January

[I]  U.S. Consumer Confidence Declined in March

[I]  2020 Census Revives Question About Citizenship

[I]  Global Rate Rises Squeeze Borrowers, Threaten Expansion

[I]  New Tax on Overseas Earnings Hits Unintended Targets

[I]  U.S. Wins ‘Modest’ Trade Concessions From South Korea

 

BUSINESS LINE

[I]  GST refunds still an issue for leather exporters

[I]  This summer, holidays abroad to turn costlier by 15 per cent

[I]  FSSAI to align licensing norms with GST

[I]  Markets are at high-value zone, say Kotak and BofA-Merrill Lynch

[I]  Justice cannot be blind to the economy

[I]  Data privacy: Time to act

 

ECONOMIC TIMES

[I]  Crude oil prices likely to move higher as volatility hits over 3-year low

[I]  PNB scam: Why it's time to change the way fraud cases are dealt in India

[I]  View: Resolution plans under IBC should adhere to principles of natural justice

[I]  GST profiteering complaint form simplified: Finance ministry

[I]  India to be ready with 5G roadmap by June: Telecom Secretary Aruna Sundararajan

[I]  Connectivity and well-being may get priority over food in rural India

[I]  Maha govt’s revised industrial policy: 80% jobs for residents, 20% for outsiders

[I]  IBC panel eases insolvency rules for MSME owners, treat home buyers as creditors

[I]  Cut gold import duty, form jewellery parks: Niti Aayog Panel

 

BUSINESS STANDARD

[I]  Banking scam fallout: RBI may let PNB spread fraud losses over 1 year

[I]  Gilt yields drop 29 bps on govt's lower borrowing target for H1FY19

[I]  A year on, infrastructure status eludes affordable housing

[I]  Share of wages in GVA rises to 12-year high of 12.3% in 2015-16: ASI data

[I]  Banks Board Bureau's role may not be widened, says Arun Jaitley

[I]  RBI to revive pre-policy meetings with bankers and industry executives

[I]  GST collection dips for the second month in a row to Rs 851.7 bn in Feb

[I]  Aadhaar: Need robust law to protect data of citizens, says SC

[I]  FinMin simplifies GST anti-profiteering form to make it easier for people

 

MARKETS (08:00 am) 

[I]  SGX NIFTY Fut: 10121;  USDINR DGCX: 65.0950;  DJIA Mini: 23975;  FTSE 100 Fut:  6869;  NIKKEI 225 Fut: 20935;  EUR-USD: 1.2413; Crude Oil (WTI): 64.87;  Gold (Spot): 1346

Best Regards, ARBIND

28 Mar 2018