MACRO ECONOMIC NEWS

MIRACLES HAPPEN EVERY MOMENT, WISH WE WITNESS IT IN OUR LIFE

Macro Economic News 19 Apr 2018

 

Trump and Abe agree to work closely on trade as speculation heats up over where Trump and North Korean leader Kim Jong Un will hold their historic summit. Yield curve angst takes center stage as the central bankers’ debate fear it could invert within six months, while the IMF sees growing risks to global financial stability.

 

FINANCIAL TIMES

[I]  IMF sounds alarm on excessive global borrowing

[I]  Israel and Russia in delicate balancing act over Syrian war

[I]  Brussels seeks emergency powers to prepare for hard Brexit

[I]  German public sector workers win bumper wage increase

[I]  G7 demands crackdown on North Korean sanction-busters

[I]  China holds naval exercises in Taiwan Strait

[I]  Egypt to slash energy subsidies as it battles to rein in debt

[I]  EU tells US to drop steel tariff threat so talks can take place

 

REUTERS

[I]  India claims top spot for 2018 growth among major economies - Reuters poll

[I]  Sino-U.S. trade-row impact on China's capital flows can be controlled: regulator

[I]  China commerce ministry says ready to deal with any fallout from U.S. trade row

[I]  Trump, Japan's Abe agree to intensify trade talks

[I]  OPEC's new price hawk Saudi Arabia seeks oil as high as $100

[I]  Trump says hopeful U.S. will trim trade deficit with Japan soon

[I]  India, UK governments invest in $711 million Indian renewable energy fund

[I]  Global economy sprinting ahead but trade war could end the race - Reuters poll

[I]  May rate rise less certain after UK inflation cools to one-year low

 

BLOOMBERG 

[I]  Trump Wants One-on-One Talks With Kim at Summit, Report Says

[I]  Iran’s Biggest Threat Has Nothing to Do With Trump

[I]  IMF Warns of Rising Threats to Global Financial System

[I]  U.S. and Japan to Intensify Bilateral Trade Talks Amid Tariffs

[I]  Australian Employment Rises Less Than Forecast

[I]  Americans Spent Record Amounts on Accounting Fees Last Year

[I]  China’s Block on Trash Imports Forces Australia to Bury Recycling

[I]  Crop Targeted by China Is One It Only Started Buying 5 Years Ago

[I]  Here Are the Biggest Tariff Concerns in the Fed's Beige Book

[I]  The World Wants Blueberries All the Time. Chile’s Excited

 

WALL STREET JOURNAL

[I]  Fed’s Dudley Warns Trade Wars Aren’t Winnable

[I]  Flattening Yield Curve Raises Warning Flag

[I]  Fed Report Finds Steel Prices Rising After Tariffs Imposed

[I]  Bank of Canada’s Poloz: Recovering From Nafta Uncertainty Could Take Time

[I]  Bank of Canada Holds Key Rate Steady at 1.25%

[I]  Weak Inflation Reinforces ECB Caution Over Stimulus Taper

[I]  Is the U.S. Shale Boom Hitting a Bottleneck?

[I]  Why Tech Titans Are Betting on India, in 14 Charts

[I]  How the Tax Cut President Trump Loves Will Deepen Trade Deficits He Hates

[I]  Real Time Economics: China Opens Up | Global Growth Powers Ahead | U.S. Home Builders Step Back

 

BUSINESS LINE

[I]  Clean energy sector misses capacity target for second consecutive year

[I]  India hauls US to WTO against import tariffs

[I]  Now, cabbies can drive with regular licence

[I]  India, UK agree to build on trade, security cooperation

[I]  New Delhi pitches for trilateral trade between India, UK, Africa

[I]  Domestic airlines flew 28% more passengers in March

[I]  Portal launched to woo foreign students for higher education

[I]  Call to make public currency supply data

[I]  RBI warns banks on risks in retail loans

[I]  Cash crunch, more of a structural issue

[I]  Since March last year, ATMs of PSU banks shrink by 2,100

 

ECONOMIC TIMES

[I]  How HNIs and foundations are supporting advancement of scientific research in India

[I]  Plan on cotton seed prices to come next week

[I]  Importers to gain from 22% dip in Indonesia coal prices

[I]  UK joins International Solar Alliance on the eve of PM Modi's London trip

[I]  Should India look skywards for growth? Here's the link between rain and economy

[I]  Digital not here, there and everywhere, cash still real

[I]  Samurai Loans: Why Indian infrastructure needs them

[I]  Deal with taxpayers courteously: ITD to taxmen

 

BUSINESS STANDARD

[I]  RBI firm on new NPA rules, says cos should not take loan contract casually

[I]  Damper for private oil firms as govt decides to retain higher profit share

[I]  Govt to probe suspected hoarding of Rs 2,000 notes, cash withdrawal spike

[I]  With the ongoing cash crunch, digital money gets another lifeline

[I]  Supreme Court says biometric authentication of Aadhaar prone to misuse

[I]  Wrong info in ITR will be reported to employers: I-T to salaried class

 

MARKETS (09:30 am)

[I]  SGX NIFTY Fut: 10580;  USDINR DGCX: 65.8050;  DJIA Mini: 24767;  FTSE 100 Fut: 7271;  NIKKEI 225 Fut: 22238;  EUR-USD: 1.2379; Crude Oil (WTI): 68.86;  Gold (Spot): 1352

Best Regards, ARBIND

19 Apr 2018