MACRO ECONOMIC NEWS

WISH THIS WEEK BRINGS JOY AND PEACE

Macro Economic News 30 Apr 2018

 

North Korea pledges denuclearization, Southeast Asian stocks are set for their worst rout since 2016, and T-Mobile and Sprint in a mega deal. The Federal Reserve is expected to keep rates unchanged this week, but investors will be watching for commentary on Treasury yields and GDP. After climbing to records this year, equities in Vietnam, the Philippines and Indonesia are now looking less like the bets that made them global winners.

 

FINANCIAL TIMES

[I]  EU plans to cut funding to nations where rule of law is at risk

[I]  Merkel, May and Macron in last-ditch effort to save Iran deal

[I]  US stocks unmoved by soaring corporate earnings

[I]  Wind of change as France faces end of era

[I]  Land reform stirs political passions in South Africa

[I]  Germany plans database to tackle rising anti-Semitism

[I]  China eases rules on foreign investment in securities firms

[I]  Time running out for global steelmakers in US-China trade dispute

 

REUTERS

[I]  Oil slips after U.S. rig count rises; Iran concerns cap downside

[I]  Kim Jong-un invites the world to nuclear site shutdown

[I]  Bitcoin frenzy settles down as big players muscle into market

[I]  Afghan farmers stick to growing opium in the face of less lucrative options

[I]  Iran cryptocurrency project on track despite cenbank ban, minister says

[I]  Global Economy: Mayday on May Day? Trump steel tariff deadline looms

[I]  Sanctions to limit room for Russia's rate cuts, economic growth: Reuters poll

 

BLOOMBERG 

[I]  India's $35 Billion Government Pension Fund Plans Equities Boost

[I]  In Trade Talks, China Is Too Clever by Half

[I]  China's Economy Gives Little Sign of Slowdown as PMIs Hold Up

[I]  Treasury Yield Above 3% Dents Demand for Risk Assets

[I]  Southeast Asian Leaders Agree to Fast Track Regional Trade Pact

[I]  China Issues Rules for Securities Ventures by Foreign Firms

[I]  U.S.-China Trade Dispute Takes a Toll on Japan's Inflation

 

WALL STREET JOURNAL

[I]  Fed Rate Plans Come Under Pressure

[I]  Growth Cooled in First Quarter as Consumers Reined In Spending

[I]  First-Quarter U.S. Growth-At a Glance

[I]  U.S. Employment Costs Rose Solidly In First Quarter

[I]  Despite Attempts to Fix the Data, First-Quarter GDP May Still Mislead

[I]  Metal Buyers Race to Secure Supplies Ahead of Tariff Decision

[I]  Americans’ Confidence Slips But Remains Historically High

[I]  Europe’s Mixed Economic Fortunes Complicate Path for Stimulus

 

BUSINESS LINE

[I]  IPO boom to continue in 2018, says survey

[I]  Should India warm up to US in energy space?

[I]  Red alert: Indian stocks are now the priciest

[I]  With RBI’s new ECB norms, port trusts and housing finance firms can borrow abroad

[I]  The man who propelled IndiGo to great heights

[I]  Good work practices from Railway zones, units to be replicated nationally

[I]  Energy ties with US: Time for India to strike a balance

 

ECONOMIC TIMES

[I]  PPPs are India's best chance to conserve heritages

[I]  India violated UNSC sanctions on N Korea: Report

[I]  E-commerce companies may need to prepare for withholding tax in two months

[I]  Improving output, innovation key to make India manufacturing hub

[I]  Govt to monetise 2 more bundles of highway projects in May: NHAI chief

[I]  RBI note on data localisation raises hackles in the US

[I]  Cashback to businesses, price benefit to consumers for digital transactions on anvil

[I]  No 'de-reform' in system, reform agenda continues: DEA Secy

 

BUSINESS STANDARD

[I]  Single ex-showroom price: Carmakers making a switch to one nation-one price

[I]  One milestone crossed: Govt meets electrification target of 18,000 villages

[I]  Consumer goods companies may hike prices; crude oil, metals prices jump

[I]  One year after coming into force, Rera remains a work in progress

[I]  Increased employee productivity a primary driver for digital transformation

  

MARKETS (9:45 am)       

[I]  SGX NIFTY Fut: 10769;  USDINR DGCX: 66.6350;  DJIA Mini: 24339;  FTSE 100 Fut: 7472;  NIKKEI 225 Fut: 22440;  EUR-USD: 1.2127; Crude Oil (WTI): 67.87;  Gold (Spot): 1322             

Best Regards, ARBIND

30 Apr 2018