MACRO ECONOMIC NEWS

WONDERFUL WEDNESDAY WISHES WAVING WORLDLY WOMANHOOD

Macro Economic News 07 Mar 2018                                 

 

The Trump administration considers clamping down on Chinese investments in the U.S., North Korea and the U.S. may be ready to talk, and China prepares to make its most decisive shift yet away from the reforms of the 1980s while preparing to give the Communist Party greater control over everything from financial services to manufacturing to entertainment in the world’s second-largest economy.

Australia’s fourth-quarter GDP and Malaysia’s interest-rate decision highlight a busy Asia session, data-wise.  The Bank of Canada gathers later Wednesday, while the European Central Bank meets on Thursday, with the specter of a global trade war, Italy’s anti-establishment surge and signs of weakened economic activity in the Eurozone all giving weight to President Mario Draghi’s argument for continuing to provide stimulus. The Bank of Japan meets on Friday, and while economists surveyed by Bloomberg generally agree the day when it will start winding back its monetary stimulus program is getting closer, none forecast a change this week.

 

FINANCIAL TIMES

[I]  North Korea says it is ‘open to ending nuclear programme’

[I]  Trump defends steel and aluminium tariffs threat with attack on EU

[I]  EU retort to Trump’s tariffs risks breaching WTO rules

[I]  US Congress moves to roll back bank rules

[I]  Sri Lanka returns to state of emergency after mob violence

[I]  Tax tweaks offer a chance for Japan Inc to consolidate

[I]  Bureaucratic Brussels manoeuvres in the dark

 

REUTERS

[I]  OPEC and U.S. shale break bread in uneasy truce at Houston dinner

[I]  Japan defence min says North Korea's intentions unclear, careful analysis needed

[I]  Australian prime minister rules out early election as ratings slump

[I]  State of emergency in Sri Lanka after Buddhist-Muslim clash

[I]  Analysis: Urgent rates decision likely to face next head of China's central bank

[I]  BOJ Kuroda dispels chance of early exit from easy policy

[I]  India's services industry contracts in February as inflation hits demand

[I]  White House economic adviser Gary Cohn resigns

 

BLOOMBERG 

[I]  U.S. Inflation Is ECB’s Risk

[I]  U.S. Considers Broad Curbs on Chinese Imports, Takeovers

[I]  Australia's Lowe Warns Trump Tariffs Could Shock Global Economy

[I]  Don't Freak Out About Tit-for-Tat Tariffs

[I]  Australia's Economy Grows Slower Than Forecast on Export Slump

[I]  EU Raises Stakes for Trump by Aiming Levies at GOP Heartland

[I]  It Could Be Crunch Time for World's Third Most-Indebted Country

[I]  RBC Chief Sounds Alarm on Flood of Foreign Cash in Canadian Real Estate

[I]  How Currency Investors Are Bracing for a Full-Blown Trade War

[I]  China's Economy to Overtake the Eurozone This Year

[I]  India’s Little Shops Are a Massive Banking Network in the Making

[I]  This Clause in Noble's Restructuring Plan Is Raising Concerns

[I]  Korea Woos Risk-Seeking Buyers With First Junk Bond in Years

[I]  BOJ Watchers Push Back Exit Forecasts

[I]  BOJ May Be Thinking But Not Doing Exit in 2019, Kuroda Says

 

BUSINESS LINE

[I]  Markets rattled by spread of scam

[I]  Tech titans are taking over the world

[I]  Don’t muzzle the pharma regulators

[I]  Managing warehouse receipts, key to minimising bank frauds

[I]  For banks, retail loans drive business in Q3

[I]  MSMEs urged to tap potential for supply to Defence

 

ECONOMIC TIMES

[I]  Banks vs Mutual funds vs insurance: Who will win the battle for wallet?

[I]  India seeks global power status: Pentagon

[I]  Indian economy to recover gradually to 7.1% in FY19

[I]  Volatility back with a bang: How to make the most of the opportunity

[I]  Turmeric price moves south, downward pressure builds

[I]  Glut-hit industry seeks govt nod to export 15 lakh tonnes of sugar

[I]  Government may not expand old national highways, but build new ones

[I]  Maha govt to clear 7th Pay Commission arrears this year

[I]  E-way bill must for intra-state goods movement from June 1

[I]  Commerce Min to devise strategy on product standards

[I]  Govt forced to rethink move that may help ease of biz, but may also help firms hire and fire at will

 

BUSINESS STANDARD

[I]  Relief for suppliers? E-way bill may not be needed for small orders

[I]  Auto brands take tech test on voice-driven cars, joystick-run wheels

[I]  PE funds eye rich pickings from bankruptcy resolution

[I]  Commerce ministry to devise national strategy on product standards

[I]  National Small Savings Fund to invest more in public agencies than govt

[I]  BS-VI not to be the end of road for branded fuel sold by OMCs

[I]  Funds bought record Rs 1.3 trillion stocks so far this financial year

[I]  Rupee, rising yields driving foreign portfolio investors away

 

MARKETS (07:00 am) 

[I]  SGX NIFTY Fut: 10230;  USDINR DGCX: 64.9975;  DJIA Mini: 24541;  FTSE 100 Fut: 7100;  NIKKEI 225 Fut: 21369;  EUR-USD: 1.2418; Crude Oil (WTI): 62.18;  Gold (Spot): 1323          

Best Regards, ARBIND

07 Mar 2018