MACRO ECONOMIC NEWS

WISH THIS WEEKEND IS FULL OF FUN WITHOUT COMPROMISE

Macro Economic News 28 Apr 2018

 

Korean leaders agree to end war, it’s GDP day, and Merkel meets Trump. They agreed to declare an end to the war this year, and to aim for complete denuclearization. While markets have welcomed the meeting and the announcements, there remains a view that the potential summit between President Donald Trump and Kim remains the bigger event. GDP data released in Europe this morning showed a slowdown in euro-area growth, and almost a complete stop to U.K. expansion.

 

FINANCIAL TIMES

[I]  North and South Korean leaders declare end to war

[I]  Playing with fire: Iran deal looms over rising oil price

[I]  Confronting anxiety in the age of fear

[I]  Is it time to reform inheritance tax?

[I]  US wages jump on back of sturdy economic expansion

[I]  French slowdown adds to eurozone growth concern

[I]  Bank of Japan abandons ‘fiscal 2019’ target for inflation goal

[I]  Korean peace treaty would have to overcome decades of distrust

[I]  Germany to miss Nato defence spending pledge

[I]  EU steps back from tough new fund management rules

 

REUTERS

[I]  India central bank lifts key restriction on foreign investors in bond market

[I]  U.S., China trade tensions a pressing concern for Southeast Asia - Singapore PM

[I]  Rising costs, inflation on radar as U.S. earnings season unfolds

[I]  NAFTA officials put top-level talks on hold until May 7 to consult with industry

[I]  Despite warmth, Merkel and Trump still differ on trade and NATO

[I]  Trump welcomes historic North, South Korea meeting

[I]  Britain banking on ancient mines for slice of electric car revolution

[I]  U.S. considers tightening grip on China ties to corporate America

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

[I]  U.S. economy slows in first-quarter, but wage growth accelerates

 

BLOOMBERG 

[I]  Argentina's Extraordinary Rate Hike Could Be Just the Beginning

[I]  What an End to the 68-Year Korean War Would Mean

[I]  U.S.-China Trade Fight Takes Shape in Geneva

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

[I]  Indonesia's Worst Rout Since 2013 Ignites Age-Old Debate

[I]  Surge in Singapore's Home Prices Even Bigger Than First Reported

[I]  U.K. Consumer Confidence Drops

 

WALL STREET JOURNAL

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

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

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

[I]  Americans’ Confidence Slips But Remains Historically High

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

[I]  Bank of Japan Ditches Inflation Target Date

[I]  Business Investment Stalls in the First Months of 2018

[I]  Fewer High-School Grads Enrolled in College Last Year

[I]  Eurozone Inflation Ticks Up, Stemming Months of Decline

[I]  With a Year to Go to Brexit, U.K. Economy Lags Its Peers

[I]  As Eurozone Economy Roars, Inflation Lags

[I]  China Fends Off Trade Trouble With 6.8% Growth

[I]  Japan to Expand Program to Bring in Foreign Workers

[I]  U.S., South Korea Strike Trade Deal; Seoul Exempt From Steel Tariffs

[I]  Swiss National Bank Kills Its Own Stock-Price Buzz

[I]  ECB Seeks Clarity on Economy Before Next Move

[I]  Financial Deregulation Throws Fuel on Already-Hot Economy

 

BUSINESS LINE

[I]  Tractor sales at all-time high

[I]  Banks told to stock up ATMs

[I]  GST collections for 2017-18 at Rs. 7.4-lakh crore

[I]  DBT in fertiliser is a hit among farmers : Survey

[I]  Officers empowered to search, seize properties of economic offenders

[I]  A crude awakening could be in the offing

[I]  Ahead of long weekend, IBA tells banks to stock up on cash in ATMs

 

ECONOMIC TIMES

[I]  Women in India make on-average 16 per cent less than men: Report

[I]  Need to improve infrastructure to prevent leakage in fertiliser subsidy: Study

[I]  Global firms with combined market cap of $8.9 trillion come to India

[I]  India continues to figure in US' intellectual property priority watch list

[I]  Protectionism will be disaster for trade, economies: Suresh Prabhu

[I]  India’s GDP may grow 7.3% in FY19: Fitch

[I]  India set for AI-led economic transformation: Report

[I]  India needs to triple its GDP to maintain sustain growth, says Jayant Sinha

 

BUSINESS STANDARD

[I]  Why are Hindi audiences switching off general entertainment channels?

[I]  India-China trade relations warm under Trump's global trade war

[I]  Retailers manually adjusting transactions to meet DBT requirement: Survey

[I]  Fitch retains India's sovereign rating at the lowest investment grade

[I]  EPFO interest rate for 2017-18 at 5-yr-low of 8.55%; FinMin clears proposal

 

Best Regards, ARBIND

28 Apr 2018