MACRO ECONOMIC NEWS

WISHING THIS WEEKEND, WE CLOSE ALL OUR PAST AND CELEBRATE REBIRTH

Macro Economic News 31 Mar 2018

Data points to further economic expansion in Japan as Japan's industrial production rebounded from a large decline in the previous month and companies forecast further gains in coming months. Global Consumer sentiment is increasing. During March, US consumer sentiment hits highest level since 2004 while US consumer spending climbed modestly in February as savings rose to a 6-month high. Oil’s rise gives Nigeria some good news after its budge t gets delayed. 

 

FINANCIAL TIMES

[I]  China uses economic muscle to bring N Korea to negotiating table

[I]  Tech stock woes threaten Wall Street bull market

[I]  Russia to expel more than 150 western diplomats

[I]  Russia ramps up retaliation to UK action over spy poisoning

[I]  Poland’s president in new clash with ruling Law and Justice party

[I]  Big Four accountants grapple with gender pay gaps

[I]  Corporate collapses: executioners’ song

[I]  Opportunity will still knock for London after Brexit

[I]  Data gatherers should be regulated like financial advisers

 

REUTERS

[I]  Russia, in spy rift riposte, expels 59 diplomats from 23 countries

[I]  China March factory growth stronger than expected: official PMI

[I]  China says protectionist moves will mean shutting door on the country

[I]  Russia says British officials search Aeroflot flight at Heathrow airport

[I]  France could bolster Syria role in fight against Islamic State: source

[I]  U.S. explores including wage factor in NAFTA auto rules: sources

[I]  U.S. crude oil production rose slightly in January: EIA

[I]  China to import $8 trillion of goods in next five years: foreign minister

[I]  RBI to take hawkish stance by end-2018, hike rates early next year: Reuters poll

[I]  Global Economy: Trade conflict fears to keep markets on edge for weeks

[I]  Trump says may hold up South Korea trade deal until after deal with North Korea

[I]  India on course to meet 2017/18 fiscal deficit target: finance ministry official

 

BLOOMBERG 

[I]  It's Hard to Have Winners in Trade Wars

[I]  Don't Expect Trump's New Hawks to Save the War in Syria

[I]  China to Trial CDRs, Startup Listings to Lure Tech Firms Home

[I]  China Cuts Taxes for Chipmakers to Promote Industry Development

[I]  Stocks Are About to Get a $400 Billion Dividend Boost

[I]  Pakistan Unexpectedly Holds Key Rate After Currency Devaluation

[I]  Drop in Oil and Housing Output Unexpectedly Shrinks Canadian GDP

[I]  Why the U.K. Won't Punish Russia by Going After Its Debt Markets

[I]  China March Factory Gauge Rebounds as Export Demand Recovers

[I]  New Numbers Show the Gender Pay Gap Is Real

 

WALL STREET JOURNAL

[I]  U.S. Annual Inflation Posts Strongest Increase in Nearly a Year

[I]  Foreign Money to Fund the Government Flooded the U.S. Last Year, And It’s Set to Continue

[I]  104 Countries Block Women From Certain Jobs (and Other Legal Barriers)

[I]  Americans Holding Off on Spending Extra Tax Dollars

[I]  Lower-Income Americans Drive Consumer Sentiment

[I]  Volatility Roars Back With Biggest Quarterly Rise Ever

[I]  U.S. Fiscal Future Won’t Be Like Its Carefree Past

 

BUSINESS LINE

[I]  New Chinese norms come as booster dose for India’s drug, medical-gear companies

[I]  Badam boom: India is now the world’s No 1 almond importer

[I]  RBI changes methodology for bond valuation to check manipulation

[I]  Registration norms for insolvency professionals get a makeover

[I]  Financial creditors need to come clean on ‘related party’

[I]  Pepper output seen at 60,000 tonnes this season on scanty rain

 

ECONOMIC TIMES

[I]  Forex reserves hit new high, but import cover falls to 10 months

[I]  India’s IPO investors grow smart, teach greedy firms a good lesson

[I]  ​With polls round the corner, EMs could underperform top markets

[I]  Telangana govt to buy 36 L tonnes of paddy from farmers

[I]  India's 2017-18 sugar production likely to touch 30 million tonnes

[I]  Ahead of monetary policy, RBI Governor Urjit Patel holds meeting with FM Arun Jaitley

[I]  LTCG tax, other Budget proposals to kick in from Sunday

[I]  E-way bill mandatory for inter-state movement of goods from Sunday

 

BUSINESS STANDARD

[I]  Number of delisted companies on the rise; bourses may see more exits

[I]  RBI may keep repo rate unchanged at 6% in April policy review: BS Poll

[I]  Slow take-off for GST e-way bill likely as traders stock up early

[I]  Manufacturing jobs grow 2.1%, total employment falls 0.1%, says RBI study

[I]  Centre likely to mandate health checks for workers every year

[I]  Govt disposes of around 700,000 tonnes of pulses so far from a buffer stock

[I]  Asia's Iran oil imports fall by a fifth in February, hit 2-month low

 

Best Regards, ARBIND

31 Mar 2018