MACRO ECONOMIC NEWS

WEEK AHEAD, LETS EMBRACE HOPE - EMPOWERING EVERYONE WITH CONFIDENCE

Macro Economic News 09 Apr 2018

Trade tensions endure. Trump predicted China will be first to buckle as the world’s largest economies teeter on the brink of a trade war. Japan Current Account Balance for February is expected to widen its surplus to 2.2 trillion yen ($20 billion). South Korea’s and Singapore’s central banks are expected to keep monetary policy unchanged in decisions on Thursday and Friday. Inflation data from China, Japan and the U.S. will be in focus, as will FOMC minutes. Economists forecast a slowdown to 2.6 percent year on year, from 2.9 percent in February. Asian equity markets are braced for a fall after U.S. equities’ Friday slump. Here are some of the things people in markets are talking about.

 

FINANCIAL TIMES

[I]  Trump leads condemnation over Syria gas attack 

[I]  US sanctions on oligarchs set to resonate globally

[I]  Hopes for fresh impetus from US results season

[I]  Right establishes foothold in Germany’s work councils

[I]  ‘Young blood’ to shake up Thai politics

[I]  Credibility at stake as BoJ’s Kuroda starts new term

[I]  Central bank chiefs sound warning on climate change

[I]  Brussels plans more legal power for consumers

[I]  Bank competition heats up for US customer deposits

[I]  Europe plays risky hand in game over post-Brexit stability

 

REUTERS

[I]  Trump says 'big price to pay' for Syria chemical attack

[I]  North Korea tells U.S. it is prepared to discuss denuclearisation - source

[I]  North Korea tells U.S. it is prepared to discuss denuclearisation - source

[I]  China central bank adviser says will take time for China to stabilize leverage level

[I]  China unlikely to sell off U.S. debt in trade dispute: China government think tank researcher

[I]  U.S. 'anxiety disorder' impacts global economy: People's Daily

[I]  Dollar nurses losses as U.S.-China trade tensions cloud outlook

[I]  U.N. Security Council expected to meet on Monday

[I]  Trump threatens more China tariffs, Beijing ready to hit back

[I]  Fed chair vague on trade risks; his next No. 2, anything but

[I]  Timeline: Key events in rapid escalation of U.S.-China trade dispute

 

BLOOMBERG 

[I]  Japan's Current-Account Surplus Makes an Easy Target for Trump

[I]  Fund Flows Slow in India as Stock Tremors Spurs Risk Off Mood

[I]  Britons Back Holding a Vote on May's Brexit Deal

[I]  Forget the Trade War. China Wants to Win the Computing Arms Race

[I]  Vietnam May Be in for Some Inclement Weather

[I]  Trump Predicts China Will Be First to Buckle in Trade Dispute

[I]  Middle East Emerges as Possible Energy Winner in U.S.-China Spat

[I]  Australia Sees Miners Winning Highest Japan Coal Deal Since 2012

[I]  China’s Foreign Reserves Rise on Yuan Gains, Capital Curbs

[I]  Bond Investors Get Access to $16 Billion of Extra Debt in India

[I]  Volatility Returns to Agriculture Markets Whipsawed by Trade

 

WALL STREET JOURNAL

[I]  Cracks Form in Global Growth Story, Rattling Investors

[I]  Trump Administration Officials Soften Tone on China Trade

[I]  Trump Team Pushes Toward Nafta Deal Amid Congressional Pressure

[I]  In Trade Fight, China Today Differs From 1980s Japan

[I]  Global Economy Week Ahead: Fed Minutes, China Trade Surplus and CPI

[I]  Powell Says Fed’s Gradual Rate Increases Should Keep Economy Strong

[I]  Americans Face Highest Pump Prices in Years

[I]  Europe’s Slowing Economy Poses Challenge for ECB

[I]  Top 20% of Americans Will Pay 87% of Income Tax

[I]  Is Weather to Blame for Last Month’s Weak Jobs Growth? Economists Are Split

[I]  Real Time Economics: Trump Escalates on Trade | China Promises Counterattack | U.S. Jobs Report

 

BUSINESS LINE

[I]  Commerce Ministry looking for alternatives to export subsidies

[I]  India Inc earnings seen steady in Q4

[I]  Expatriates to file returns in new I-T form

[I]  Changing paradigm on economic policy

[I]  Your money is safe: Indian crypto bourses to investors

[I]  With UIDAI curbs on e-verification firms, fintech players turn to physical KYC

[I]  Foundry industry forges growth post-GST

 

ECONOMIC TIMES

[I]  China allows bonds for it's Belt & Road initiative

[I]  Agriculture Ministry to soon push for farmers' MSP

[I]  Blackmoney SIT reviews cryptocurrencies; directs clampdown

[I]  India to flag steel duty hike issue at Trade Policy Forum meet with US on April 10

[I]  Construction period of most NHs to be reduced

[I]  'India needs healthy macro-economic environment to become $10 tn economy'

[I]  Devolution of funds to states should be based on performance indicators: Rajiv Kumar

[I]  Customs to hold consultation with assessees before issuing notice

[I]  DIPP calls meeting of stakeholders on FDI in tobacco sector

 

BUSINESS STANDARD

[I]  Govt borrowing likely to be lower in second half of FY19 than in the first

[I]  Only 11% Indian firms are satisfied with current level of talent analytics

[I]  National Electricity Plan revised to make room for more coal

[I]  Think out of the box on fiscal policies, says NITI aayog

[I]  Statsguru: India's economy grew at 6.6% in FY18, down from 8.2% in FY16

[I]  Surviving Europe's 20th century

 

MARKETS (09:15 am)

[I]  SGX NIFTY Fut: 10345;  USDINR DGCX: 64.9450;  DJIA Mini: 24108;  FTSE 100 Fut: 7137;  NIKKEI 225 Fut: 21580;  EUR-USD: 1.2273; Crude Oil (WTI): 62.35;  Gold (Spot): 1333

Best Regards, ARBIND

09 Apr 2018