MACRO ECONOMIC NEWS

WISHING A WONDERFUL WEEK AHEAD FOR EMPOWERING ENVIRONMENT

Macro Economic News 05 Mar 2018

 

JLL India in its recent report cites- as many as 4.4 lakh housing units were unsold in seven major cities at the end of 2017.

The tariff issue has stolen the spotlight fuelling the speculation about trade war. China has announced an economic growth target of around 6.5% for this year. Asian central banks from Mumbai to Manila are looking at ways to retool how they measure inflation. As the Asian region’s middle class is embracing online shopping, India is looking at ways to incorporate online sales into its inflation index.

Global capital markets, amidst the recent decline of stock, volatility remained elevated although, economic data remains supportive, but risks are increasing. The markets will digest the trio of political events concerning China, Germany and Italy. The week ahead also has a packed economic agenda with the Reserve Bank of Australia meeting on Tuesday, Australian GDP and a Malaysian rate decision Wednesday, an European Central Bank meeting on Thursday and a Bank of Japan one Friday, then U.S. payrolls to round it all off. We may get EU Council President Donald Tusk circulating draft negotiating guidelines about the future relationship between the EU and the U.K.

 

FINANCIAL TIMES

[I]  ‘No exemptions’ for Donald Trump’s US steel tariffs

[I]  Merkel wins backing for grand coalition

[I]  Trump tax cuts herald $1tn bonanza for US investors

[I]  UK energy grid warns that political risks threaten investment

[I]  Boom times for US shale oil producers

[I]  Private equity groups under pressure to take ‘riskier’ bets

[I]  China hedge funds suffer in debt crackdown

[I]  Shareholder primacy is central to modern governance woes

[I]  Currency markets send a warning on the US economy

[I]  Early signs of normalisation in global growth

 

REUTERS

[I]  Trump trade adviser sees business exemptions for new tariffs

[I]  Social Democrats sign up to new Merkel-led German government

[I]  China keeps economic growth target of around 6.5 percent this year

[I]  UK PM May calls on housebuilders to 'do their duty', demanding more homes

[I]  Euro dips as Italy's 5-Star Movement gains in vote count

[I]  As winter curbs end, China's aluminum smelters face new reckoning

[I]  Key U.S. lawmaker urges steel tariff exemptions for NAFTA allies

[I]  Trump trade adviser sees business exemptions for new tariffs

[I]  UK PM May tells Trump of 'deep concern' over metals tariffs

[I]  Trump escalates tariff tiff, threatening to tax Euro auto imports

[I]  China says it does not want a trade war with U.S.

[I]  Fast 5G beckons, but still far off for most mobile users

[I]  U.S. dollar outlook darkens as trade war looms

[I]  Global Economy - Big time politics to overshadow ECB

 

BLOOMBERG 

[I]  BOJ's Kuroda Joins Queue of Central Banks Looking Toward Exit

[I]  Chinese Investors Bet on Latin America for Next Tech Gold Rush

[I]  Five Key Takeaways From Australia's February Earnings Season

[I]  China Sets GDP Target at About 6.5%, Omitting Aim to Go Higher

[I]  As China Presents Economic Plan, U.S. Trade Spat Raises New Risk

[I]  China Refrains From Releasing Military Spending Target

[I]  Whatever Happened to Australia's 2018 Interest-Rate Hike?

[I]  EU Threatens Iconic U.S. Brands After Trump Opens Door to Trade War

[I]  Trade Wars Are Bad and Hard to Win, U.K. Tells Trump

[I]  As China Presents Economic Plan, U.S. Trade Spat Raises New Risk

[I]  Lessons From 2002 Show Economic Bang From Steel Tariffs Was Tiny

[I]  May Secures Uneasy Brexit Truce Among Conservatives

[I]  Japan Is Growing But Wages Have Barely Budged. Why?

[I]  Asia's Online Shopping Boom Is Making It Harder to Track Inflation

[I]  Tariffs Update: Latest News as the World Reacts

 

BUSINESS LINE

[I]  Consumption gains traction, but inflation may spoil the party

[I]  ‘The Commonwealth is on the cusp of something quite remarkable’

[I]  Challenges aplenty in enabling DBT in farm sector: NITI Aayog

[I]  Skill India Mission to impart training for jobs overseas

[I]  AP to come out with electric vehicle policy

[I]  Banking sector blues may hit Mudra loans

 

ECONOMIC TIMES

[I]  Buying a house? Why you should bargain harder now

[I]  FPI outflow hits 5-month high of Rs 11,000 crore in Feb

[I]  Loan defaults: Sebi to push for urgent disclosure by listed firms

[I]  India's exposure to US securities hits $144.7 billion in 2017

[I]  Trade wars aren't good for crude oil prices; here's why

[I]  Spain for early resumption of India-EU free trade pact talks

[I]  India has given Commonwealth a boost: UK business chief

[I]  359 infrastructure projects show cost overrun of Rs 2.05 lakh crore

[I]  Different norms for new, replacement parts pose major threat to vehicle safety: Government

 

BUSINESS STANDARD

[I]  Five PSBs on brink of being put under RBI's prompt corrective action plan

[I]  Funding pace picks up for start-ups, but no complete turnaround yet

[I]  Indian media & entertainment sector to touch Rs 2 trn by 2020: EY India

[I]  Govt creating umbrella body to provide assistance to filmmakers: Irani

[I]  After five long years, motorcycles are back on double-digit growth track

[I]  Here are top three crucial elements for successful digital transformation

[I]  Global investment in fintech sees all-time high in 2017, says report

[I]  Cash-rich PSU general insurer may be asked to buy out smaller ones

[I]  RBI gets tough on MNC banks, asks them to create sub-targets

 

MARKETS (06:45 am) 

[I]  SGX NIFTY Fut: 10375;  USDINR DGCX: --;  DJIA Mini: 24488;  FTSE 100 Fut: 7100;  NIKKEI 225 Fut: 21004;  EUR-USD: 1.2335; Crude Oil (WTI): 61.63;  Gold (Spot): 1326      

Best Regards, ARBIND

05 Mar 2018