MACRO ECONOMIC NEWS

WISH THIS EASTER MONDAY BEGINS A BRIGHT AND NEW LIFE

Macro Economic News 02 Apr 2018

Global Economy will be influenced by inflation and unemployment figures in Europe, the March U.S. jobs report, and an interest-rate decision by Australia’s central bank. Meanwhile, in the UK, traders will focus on a trio of reports on activity in the manufacturing, construction and services sectors for further hints on the health of the economy and the likelihood of the Bank of England raising interest rates this year. Elsewhere, in Asia, market participants will be looking ahead to monthly data on China's manufacturing sector amid recent signs that momentum in the world's second largest economy remains strong.

 

FINANCIAL TIMES

[I]  Brussels plans crackdown on ‘fake news’ in social media

[I]  Job loss fears from automation overblown, says OECD

[I]  Big banks on notice as tech groups ramp up pressure

[I]  Japan’s regional banks warned of ‘grave’ situation

[I]  US Treasury plans talks on more debt transparency

[I]  Emerging market investors turn cautious on booming debt sales

[I]  China revives long-stalled property tax to combat housing bubble

[I]  Pakistan bristles at US pressure to crack down on terror funding

[I]  Trump stirs fate of Nafta into immigration debate

 

REUTERS

[I]  Trump says DACA deal for young immigrants is off

[I]  China imposes additional tariffs in response to U.S. duties on steel, aluminum

[I]  Oil prices rise on lower U.S. drilling activity, trade tension weighs

[I]  Puerto Rico governor to revise fiscal plan, but won't budge on austerity

[I]  Japan business mood sours for first time in two years, upbeat on capex

[I]  Japan March final manufacturing PMI cools slightly, overall economy still solid

[I]  Global Economy: Trade conflict fears to keep markets on edge for weeks

[I]  Trump says may hold up South Korea trade deal until after deal with North Korea

 

BLOOMBERG 

[I]  U.S. Treasury Officials to Set Meetings With Trading Firms

[I]  Trump Warns He'll Dump Nafta If Mexico Doesn't Stop Drug Flows

[I]  China Unveils Its Plan to Bring Nation's Tech Giants Back Home

[I]  Singapore Home Prices Post Biggest Jump in Almost Eight Years

[I]  For Bond Traders, Stocks Are All That Truly Matters in Jobs Week

[I]  EU Sours on Reviving Trade-Pact Push With U.S. Amid Tariffs Row

[I]  Japanese Businesses Plan More Investment Even as Sentiment Slips

 

WALL STREET JOURNAL

[I]  Demographic Tsunami Menaces World’s Developing Economies

[I]  As Businesses Seek Low-Skill Visas, White House Is in a Bind

[I]  U.S. Annual Inflation Posts Strongest Increase in Nearly a Year

[I]  The One Word Giving Money Managers Headaches in 2018: Liquidity

[I]  Foreign Money to Fund the Government Flooded the U.S. Last Year, And It’s Set to Continue

[I]  Americans Holding Off on Spending Extra Tax Dollars

 

BUSINESS LINE

[I]  RBI may hold repo rate for now

[I]  How India’s oil companies lose pricing freedom in poll season

[I]  China invites exporters to participate in import expo

[I]  LTCG tax, e-way bill take effect

[I]  Delhi to get only BS VI fuel from this month

[I]  Govt funding mode helps NHAI awards highest project length ever

[I]  Beware of overzealous regulation

[I]  Acute manpower crisis in armed forces

 

ECONOMIC TIMES

[I]  RBI likely to maintain status quo as inflation risks weigh

[I]  Companies raise Rs 84,357 crore via IPOs in FY18: Report

[I]  Money policy, macro data & global cues to steer market in coming week

[I]  CSR gets innovative with street plays for truck drivers, stock exchange bells for women

[I]  India's way to $1 trillion digital economy

[I]  MCA plans 'intensive review' of companies law administration

[I]  Govt extends deadline for Condonation of Delay Scheme

[I]  Awaiting clarity: GST areas that the government needs to talk about

 

BUSINESS STANDARD

[I]  Capital goods, construction firms see 69% jump in new orders in FY18

[I]  Business Standard Annual Awards 2018: Toasting the spirit of success

[I]  Organisations to experience disruptions due to skills gaps: Gartner

[I]  Govt moots regulator, information exchanges for digital health data

[I]  Monetary policy preview: RBI to remain on sidelines with a neutral stance

[I]  Govt may have to stop export subsidies within the next nine months

[I]  Government sanctions Rs 127 billion of GST refund claims

[I]  Day 1 sees no major glitch for e-way bill, says GSTN chief executive

[I]  Our laws have enough provisions to book those misusing data: Prasad

[I]  Govt to use AI, blockchain technology for seamless cargo movement

[I]  MPC's dilemma: RBI projects 5.1-5.6% CPI inflation in first half of 2018-19

[I]  New direct tax law: Focus should be on facilitating taxpayer services

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10217;  USDINR DGCX: 65.2100;  DJIA Mini: 24112;  FTSE 100 Fut:  6993;  NIKKEI 225 Fut: 21564;  EUR-USD: 1.2321; Crude Oil (WTI): 65.21;  Gold (Spot): 1329

Best Regards, ARBIND

02 Apr 2018