MACRO ECONOMIC NEWS

WISHING WORLDLY WISDOM. GOD HAS PLACED AN OPEN DOOR THAT NO ONE CAN SHUT.

Macro Economic News 21 Mar 2018

 

The Federal Reserve is set to raise interest rates, while Libor continues to surge and the BOJ keeps open the possibility of adjusting rates… just not anytime soon. The Bank of Japan decides the best shape for the yield curve at every policy meeting, and could make adjustments before inflation hits their target. Thai trade data and Malaysian CPI figures highlight a relatively light day for Asia data wise. Europe will get U.K. unemployment data and Polish retail sales, while the U.S. session will feature existing home sales and possibly the widest U.S. current-account deficit in a decade -- in addition to the Fed decision, of course.

 

FINANCIAL TIMES

[I]  China’s Hollywood dreams still beguile investors

[I]  Trump praises arms sales as he meets Saudi crown prince

[I]  Swiss authorities tread wary path through ‘Crypto Valley’

[I]  India central bank chief complains at limit to powers after fraud

[I]  US lawmakers prepare to scale back legal shield for websites

[I]  South Korea and US to resume military exercises in April

[I]  Trump seeks summit with Putin to discuss arms race

[I]  Brazil looks to data for solutions to rising crime

 

REUTERS

[I]  Modi, Chinese President Xi ready to improve bilateral ties

[I]  U.S. drops auto-content proposal in NAFTA talks: The Globe and Mail

[I]  G20 sees need for 'dialogue,' fails to defuse trade war threat

[I]  Former PBOC governor: China will continue to adopt proactive fiscal, neutral monetary policies

[I]  China trials unmanned tanks in latest modernisation push

[I]  EU primes UK trade offer, seeks Brexit transition endorsement

[I]  China's premier hopes trade war can be averted, pledges more open economy

 

BLOOMBERG 

[I]  Deere Concerned Over Retaliation Against U.S. Agriculture

[I]  Dollar Bulls are Roaming Global FX Markets

[I]  The World's Happiest Place Wants to Hire the Best Finance Brains

[I]  China Pledges Action on Tech Transfer as Trump Plans Tariffs

[I]  Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges

[I]  Asian Central Banks Unlikely to Follow Fed Rate Hike

[I]  India's Clipping the Wings of Billionaire Defaulters

[I]  Why Oil-Rich Saudi Arabia Is Turning to Nuclear Power

[I]  BOJ Could Adjust Rates, But Not Yet, Says New Deputy Amamiya

[I]  China's Love Affair With the Best Iron Ore May Be About to End

 

BUSINESS LINE

[I]  Govt draws up framework to regulate sand mining

[I]  Centre scraps export duty on sugar to ease glut

[I]  Concern over US tariffs dominates WTO meet

[I]  Revenue Dept to standardise documents needed for GST refund for exporters

[I]  India-Hong Kong pact: Experts see lower withholding tax rate on royalty, interest

[I]  The Bankruptcy Code is on test

[I]  Boom ... supersonic aviation is all set to make a comeback

 

ECONOMIC TIMES

[I]  Fixed-term employment extended to all sectors to boost ease of biz

[I]  1.08 lakh government job openings soon in Rajasthan

[I]  Forex reserves set to fall as capital inflows plunge

[I]  FinMin may meet traders ahead of near-record bonds sales

[I]  Yields could rise in next fiscal as G-secs may find few takers

[I]  India, U.S. to bilaterally discuss steel import curbs: minister

[I]  India's external vulnerability indicators remain stretched: UBS

[I]  Panel may favour giving NCLT power to halt resolution

[I]  Niti Aayog to come out with national policy on artificial intelligence soon

[I]  Raghuram Rajan says 7.5% growth rate is not enough to create jobs

[I]  Bill to ban unregulated deposit schemes moved in Lok Sabha

 

BUSINESS STANDARD

[I]  600 railway stations may bear the stamp of India's top architects soon

[I]  Sebi liberalises spread margin benefit in commodity futures contracts

[I]  FinMin shoots down proposal for 'non-lapsable defence modernisation fund'

[I]  India's apparel exports fall by 10.25% to Rs 93 bn in February 2018

[I]  Pricey Indian pulses make open-export policy unfruitful in global market

[I]  India set to pitch for global framework to tax digital companies

 

MARKETS (07:45 am) 

[I]  SGX NIFTY Fut: 10170;  USDINR DGCX: 65.3175;  DJIA Mini: 24787;  FTSE 100 Fut:  6986;  NIKKEI 225 Fut: 21300;  EUR-USD: 1.2259; Crude Oil (WTI): 63.82;  Gold (Spot): 1314

Best Regards, ARBIND

21 Mar 2018