MACRO ECONOMIC NEWS

WISH WE ALL RISE AND STAND UP WITH TRUST

Macro Economic News 20 Apr 2018

 

Investors turned their attention to tech woes, earnings and M&A, while the U.S. Treasury is considering using emergency powers to curtail Chinese investment in sensitive technologies. The Treasury Department is considering using an emergency law to curb Chinese investments in sensitive technologies in the U.S.

 

FINANCIAL TIMES

[I]  Metal prices surge after US sanctions on Rusal

[I]  Oil climbs towards $75 a barrel to reach highest point since 2014

[I]  North Korea has set no terms for de-nuclearisation, says Moon

[I]  Spanish now richer than Italians, IMF data show

[I]  Lagarde urges greater scrutiny of big tech companies

[I]  African nations slipping into new debt crisis

[I]  Saudi Arabian infighting casts shadow on solar deal

[I]  Trump relaxes conditions over sale of US killer drones

[I]  A second Brexit referendum would tear Britain apart

 

REUTERS

[I]  RBI minutes signal shift to hawkish stance

[I]  U.S. Treasury weighs emergency powers to curb Chinese investments: official

[I]  Oil remains close to late-2014 highs as ongoing supply cuts reduce inventories

[I]  Tame inflation keeps pressure on Bank of Japan to maintain stimulus

[I]  U.S. regulator to order jet engines inspection after Southwest explosion

[I]  Trump, Japan's Abe agree to intensify trade talks

[I]  Trade tensions with U.S. testing resolve of Chinese consumers

[I]  Global economy sprinting ahead but trade war could end the race: Reuters poll

 

BLOOMBERG 

[I]  EU Is Said to Reject U.K. Brexit Plan as Irish Impasse Deepens

[I]  Global Outlook’s Glass Seen Half Full as Markets Fret: Eco Week

[I]  Chinese Firms Have Never Been This Reliant on Foreign Revenue

[I]  China and the U.S. Seek Allies to Strengthen Sides in Trade Tussle

[I]  U.S. Weighs Emergency Powers to Curb Tech Investments by China

[I]  U.K. Auditor Warns Brexit Bill Could Exceed 39 Billion Pounds

[I]  Lagarde Says Trade Spat May Dent Business Confidence

[I]  Abe's Woes Threaten to Put the Yen in BOJ's Inflation Path

[I]  India Central Bank Minutes Surprise With Tilt Toward Rate Hike

[I]  India's Defense Ambitions Boost Metal Maker After Tepid Listing

 

WALL STREET JOURNAL

[I]  EU Plans to Pitch Trade Bargain to Trump

[I]  Tech Firms Caught in the Middle

[I]  Fed Report: Steel Prices Rose After Tariffs

[I]  Japan’s Surging Car Exports Raise Risk of U.S. Trade Fight

[I]  U.S. Leading Economic Indicators Rose in March

[I]  U.S. Jobless Claims Fell Last Week

[I]  Bank of Canada’s Poloz: Recovering From Nafta Uncertainty Could Take Time

[I]  How More Than a Billion People Got Access to Financial Services in Less Than a Decade

 

BUSINESS LINE

[I]  Higher arrivals pull onion prices down to new low

[I]  Commonwealth, a route to tackle global challenges: UK’s Theresa May

[I]  India, UK bilateral talks: Failure to ink pact on illegal migrants’ return raises eyebrows

[I]  India takes up flag-ripping incident with UK

[I]  Stop sweetening sugarcane, resolve sugar price mismatch for viability

[I]  IMD to give 20-day weather forecasts

[I]  Summer showers on time, normal to excess as forecast

 

ECONOMIC TIMES

[I]  Soon you will be bonding with fixed income assets in new way

[I]  Haryana to host World Union of wholesale markets in Gurugram

[I]  PE investments soar 76% to USD 4 bn in Mar qtr: Report

[I]  India, Mauritius conclude second round of talks for FTA

[I]  India's growth rate highest among BRICS nations: Report

[I]  India claims top spot for 2018 growth among major economies: Poll

[I]  Withdraw up to Rs 2,000 from PoS machines free of charge: SBI

[I]  Commercial driving licence not needed for taxis, autos

[I]  Centre wants to know students’ bank details

[I]  Taxmen begin raids on hoarders of cash as Centre, RBI pump in notes

 

BUSINESS STANDARD

[I]  Personal loans account for 96% of new bank loans during FY18: RBI data

[I]  Blockchain is about to revolutionise the shipping industry

[I]  Infrastructure lending is collateral damage in wake of bank scams

[I]  Fintech firms irked at RBI's order to store payments data in India

[I]  India, Taiwan may soon resume discussions on a free trade agreement

[I]  RBI's resolution for bad loans impractical, says power minister R K Singh

[I]  Cash withdrawal still high across the country, more ATMs functioning

[I]  Govt plans changes to insolvency law; homebuyers likely to benefit

[I]  Govt to continue talks with RBI on easing non-performing asset norms

 

MARKETS (08:20 am)

[I]  SGX NIFTY Fut: 10546;  USDINR DGCX: 66.1500;  DJIA Mini: 24645;  FTSE 100 Fut: 7300;  NIKKEI 225 Fut: 22222;  EUR-USD: 1.2338; Crude Oil (WTI): 68.35;  Gold (Spot): 1342

Best Regards, ARBIND

20 Apr 2018