MACRO ECONOMIC NEWS

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Macro Economic News 16 Apr 2018

 

The foreign ministers of China and Japan agreed to work closely to push North Korea to abandon its nuclear program, in the latest sign of improved cooperation between Asia’s two largest economies. Fresh sanctions will be imposed on Russia related to Syria’s reported use of chemical weapons as the U.S. and U.K. assess the fallout and next steps after Friday night’s strike on the Middle Eastern country.

This week, Tuesday - China will be reporting first-quarter GDP along with retail sales and industrial output for March. Singapore will detail export figures, while the Reserve Bank of Australia is set to release minutes of its April meeting. Wednesday brings Japanese trade figures and Thursday New Zealand CPI, with Australian jobs data coming later on in the day. Friday will be highlighted by Japanese inflation figures for March.

 

FINANCIAL TIMES

[I]  US vows fresh sanctions as Russia stands by Assad

[I]  China set for fewer World Bank loans in US fundraising deal

[I]  German business concerns take a back seat over Russia sanctions

[I]  Corporate America poised to unveil record buybacks

[I]  China caught off guard by unpredictable Trump

[I]  Inflation and trade disputes taint prospects for global economy

[I]  Tighter interest rates raise fears of central bank exposure

[I]  Spanish luxury brands buoyed by high-end tourists

[I]  US banks open lending taps to corporate America

 

REUTERS

[I]  Russia's Putin predicts global 'chaos' if West hits Syria again

[I]  In Brexit appeal, Britain's May calls on Commonwealth to boost trade

[I]  British lawmakers, celebrities call for 'people's vote' on Brexit

[I]  U.S. preparing new sanctions on Russia over Syria, Haley says

[I]  U.S. refrains from labelling China, others as currency manipulators

[I]  China to set up Hainan free trade zone by 2020, port by 2025: Xinhua

[I]  S&P revises Japan's outlook to positive from stable

 

BLOOMBERG 

[I]  U.K. Lawmakers Warn Against Tech Giants Dominating AI Industry

[I]  London House Prices Decline in Stark Division With Rest of U.K.

[I]  Australia’s Lending Rules Are About to Batter Home Buyers

[I]  Aussie Banks Face Squeeze as Conduct Probe Crimps Pricing Power

[I]  Five Things You Need to Know to Start Your Day

[I]  China, Japan Hold First Economic Talks in 8 Years in Trade War Shadow

[I]  Wall Street Economists See Global Growth Cresting Not Collapsing

[I]  China's Economy Brushes Aside Trump to Power Ahead in 2018

[I]  Emerging-Market Investors Seek Solace in China After Tense Week

[I]  China's Credit Growth Trails Estimates Amid Debt Cleanup

 

WALL STREET JOURNAL

[I]  Fed Officials Dispel Specter of Deflation

[I]  China Delays Deal Reviews as U.S. Trade Frictions Build

[I]  Trump Talks TPP, but Trade Partners Say, Not So Fast

[I]  Consumer Sentiment Slips on Trade Fears

[I]  Global Economy Week Ahead: China GDP, U.S. Retail Sales, Eurozone Confidence

[I]  Fed’s Rosengren Worried Fiscal Stimulus Won’t Be There for Next Downturn

[I]  Citizenship Question Rankles in a Trial Run of 2020 Census

[I]  Fed Minutes Signal Greater Confidence in Reaching 2% Inflation

[I]  Real Time Economics: Trump Sees Trade Strategy Working | More Pressure on China | Record Streak for U.S. Jobless Claims

 

BUSINESS LINE

[I]  After a fall, collections set to top Rs. 95,000 cr

[I]  E-vehicle charging stations don’t need a separate licence

[I]  Compliance has improved, but still has some way to go

[I]  Direct delivery system: Govt says importers free to hire own transporters to move boxes

[I]  Registration certificate ‘is proof’ of PAN and TAN

[I]  Buying NCDs from secondary market

 

ECONOMIC TIMES

[I]  7 countries think China's BRI may hit roadblocks

[I]  Indian students in UK write to Modi to demand justice

[I]  Crude steel output up 3.6% to 9 MT in March

[I]  Jewellers expect 15-20% growth in sales this Akshaya Tritiya

[I]  India may move WTO if US denies preferential treatment to exports

[I]  India says will not take sides in US-China trade spat

[I]  India can play major role in shaping global 4th industrial revolution: WEF president

[I]  India needs robust exports, investment to achieve 8% growth: ADB Economist

[I]  Companies may have to restructure salary packages of employees to reduce GST impact

[I]  Govt employees can go abroad during child care leave period

 

BUSINESS STANDARD

[I]  Business as usual: RBI crackdown fails to deter bitcoin traders

[I]  Insurers set fresh terms for liability insurance for bank boards' directors

[I]  Passenger vehicle industry: India made four million cars in FY18

[I]  Schedule lags in 107 highway projects; legacy issues for majority

[I]  Intra-state e-way bill rolled out in five states from Sunday

[I]  Borrowing plan: States edge out corporates from bond market

[I]  'A Higher Loyalty' book review: In the throes of a scandal

[I]  Macro risks return: Oil markets uneasy, inflation outlook hazy

[I]  Indian currency manipulation

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10453;  USDINR DGCX: 65.3175;  DJIA Mini: 24444;  FTSE 100 Fut: 7212;  NIKKEI 225 Fut: 21818;  EUR-USD: 1.2339; Crude Oil (WTI): 66.79;  Gold (Spot): 1348

Best Regards, ARBIND

16 Apr 2018