MACRO ECONOMIC NEWS

WISH WE ALL ARE FLOODED WITH TEMPTATION AND JOY

Macro Economic News 27 Apr 2018

 

Korea takes center stage amid a historic peace summit. Kim Jong Un will become the first North Korean leader to enter South Korea since the peninsula was divided nearly seven decades ago. The European Central Bank held rates and left its bond-buying program unchanged and maintained its pledge to move slowly in removing euro-area stimulus. Next up in central bank action, the BOJ is set to conclude its two-day meeting by announcing no change to its existing policy. The BOJ is expected to follow the ECB in holding off on any policy changes.

 

FINANCIAL TIMES

[I]  Relief for Greece? The debt dilemma facing creditors

[I]  Korea summit’s key negotiators poised for ‘zigzag’ talks

[I]  Germany braced for impact of US steel tariffs

[I]  Mario Draghi acknowledges ‘moderation’ in eurozone growth

[I]  Electric scooter boom faces US city limits

[I]  Trump administration picks the wrong time to ease up on banks

 

REUTERS

[I]  'A new history starts now' as leaders of two Koreas begin summit

[I]  India, China to court each other at informal summit in bid to re-set ties

[I]  China's March industrial profit growth slows sharply to over 1-year low

[I]  U.S. air force says trains in 'vicinity' of South China Sea

[I]  Mexico says NAFTA deal 'reasonably close' talks 'not easy'

[I]  U.S. hopeful Korea talks will achieve progress toward peace

[I]  Japan's March factory output beats expectations, inventories build up

[I]  Keen to end stimulus, ECB hails solid economic growth

[I]  Singapore March factory output up 5.9 percent, electronics solid

 

BLOOMBERG 

[I]  Are We Thinking About Tech IPOs All Wrong?

[I]  Brexit Ministers Feud Over Fish as May Battles to Unite Cabinet

[I]  Europe's Big Debt Drama Enters Finale as Clock Ticks for Greece

[I]  U.K. Consumer Confidence Drops

[I]  EU to City of London: Expect No Brexit Favors, We Don't Need You

[I]  Earliest China Data Signal Growth Intact at Slightly Weaker Pace

[I]  Japan's Insurers Debate Buying Naked U.S. Debt, Euro Switch

 

WALL STREET JOURNAL

[I]  Owning Is the New Renting: Homeownership Trends Upward as U.S. Loses Renter Households

[I]  U.S. Jobless Claims Drop to Lowest Level Since 1969

[I]  ECB Seeks Clarity on Economy Before Next Move

[I]  ECB Takeaways: Few Concerns, No Changes

[I]  Some Colleges Try to Burnish Student-Loan Default Rates

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

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

[I]  Greece’s Business Prospects Brighten After Lost Decade

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

[I]  Chinese Tariffs Take Root in American Ginseng

 

BUSINESS LINE

[I]  India to grow 7.2%, remain fastest in FY19: Deloitte

[I]  Industry awaits GST return simplification

[I]  Over 35 lakh jobs created in six months till February, says NITI Aayog

[I]  India wants US to reconsider plan to ban spouses of H-1B holders from working

[I]  As NPAs rise, banks strengthen credit monitoring departments

[I]  Let-up in asset quality cheers investors ...

 

ECONOMIC TIMES

[I]  PAN-Aadhaar linkage doesn't curb scams: SC told

[I]  Govt bound to abide by collegium's decision: Experts

[I]  Contractors hoarding high-value notes: Tax dept

[I]  India keen on alliance with China, Japan, Korea: Govt

[I]  NITI Aayog and ITC to collaborate to transform agriculture and water sectors

[I]  Banking on normal monsoon, Centre sets record foodgrain target

[I]  To meet target, government has to add 167km of roads a day in 2018-19

[I]  Allow promoters to bid under IBC if not wilful defaulters: CII

[I]  Government considering national policy for retail trade

 

BUSINESS STANDARD

[I]  Global players cite instability, fight shy of buoyant Indian steel market

[I]  Profiling online shopper: Non-metros, regional languages new superstars

[I]  Export from Special Economic Zones jumped 18% in FY18

[I]  Status of rural bodies 25 years after the 73rd constitutional amendment

[I]  Non-banking finance companies ramp up commercial loans, says CRISIL

[I]  China-India trade volume rises 15% to $22.1 billion in Q1

[I]  Mumbai realtors may switch from residential to commercial projects

[I]  Economy in high gear, industry to start investing soon: CII President

 

MARKETS (9:00 am)       

[I]  SGX NIFTY Fut: 10656;  USDINR DGCX: 66.9650;  DJIA Mini: 24247;  FTSE 100 Fut: 7382;  NIKKEI 225 Fut: 22414;  EUR-USD: 1.2111; Crude Oil (WTI): 67.91;  Gold (Spot): 1317             

Best Regards, ARBIND

27 Apr 2018