MACRO ECONOMIC NEWS

WISHING A DAY OF RADIATING GRATITUDE TO EVERYONE AROUND

Macro Economic News 24 Apr 2018

 

The dollar’s winning streak reaches the longest since December as its correlation with Treasury yields continues to show signs of revival. And trade worries ease as the U.S. backs off hard-line stances with China and Russia’s United Co. Rusal. Compared with a month ago, only half as many economists now expect the Bank of Japan to adjust its monetary policy this year -- and none expect action at Friday’s meeting. Only seven of 47 economists surveyed by Bloomberg said they expect any change this year, down from 14 in March. Most see no change until at least April 2019. 

 

FINANCIAL TIMES

[I]  US shale groups reach self-financing milestone as oil price rises

[I]  Kim Jong Un looks to secure North Korea regime and US talks

[I]  Spain’s exporters drive robust economic recovery

[I]  Eurozone index stabilises in April to ease slowdown fears

[I]  Banks aim to secure London jobs with back-to-back trading

[I]  Thinking big for social enterprise can mean staying small

[I]  Aluminium falls on US signals over Rusal sanctions

 

REUTERS

[I]  Fortis' troubles keep suitors from making higher bids

[I]  U.S debt deluge lifts bond yields to four-year high, Asia stocks down

[I]  Australia inflation stays soft in first quarter, interest rates seen going nowhere

[I]  Dollar stands tall as U.S. 10-year bond yield nears 3 percent

[I]  Brent oil prices hit highest since late 2014 on supply cuts, potential sanctions

[I]  U.S debt deluge lifts bond yields to 4-year high, Asia stocks down

[I]  The long goodbye to easy money: 5 questions for the ECB

[I]  Euro zone business growth stabilises but euro a rising concern

 

BLOOMBERG 

[I]  How 3% Yields Could Reshape the Investing Landscape

[I]  Who Needs Hedging When U.S. Yields This Good, Some Say in Japan

[I]  U.S. Investment Giant Brings Its Low-Cost Revolution to China

[I]  New Destinations for Philippine Workers Are Russia, China

[I]  India's Own Red-Blue Divide

[I]  Everything Is for Sale in Cyprus, and China’s Buying

[I]  BOJ Watchers Push Back Expectations for Policy Adjustment

 

WALL STREET JOURNAL

[I]  Europe Confronts Blowback From U.S. Economic Moves

[I]  U.S. Existing-Home Sales Rose in March

[I]  How China and the U.S. Both Come Out Winners in Boost to World Bank

[I]  Can Trump Change Nafta on His Own? It’s Complicated

[I]  U.S. Pushes Toward Nafta Deal as Pressure Climbs

[I]  A 20% Business Deduction? Here Are the Obstacles

[I]  Tax Changes Mean Mortgage-Interest Deduction Finds Fewer Takers

[I]  A Downturn That Costs Jobs Could Catch the U.S. Unprepared

[I]  Japan’s Central Bank Has Hopeful Forecast for Effect of Sales-Tax Increase

[I]  Real Time Economics: Are States Unprepared for the Next Recession? | Oil Prices Bubble | Amazon’s Pay

 

BUSINESS LINE

[I]  Bots could generate 3 lakh jobs in 3 years

[I]  Cane arrears: Govt mulls compensation options

[I]  FinMin proposal to convert GSTN into govt company raises eyebrows

[I]  Time ripe to consider ‘pre-packs’ under insolvency: NCLT President

[I]  India, China warn members against hurried negotiations on fisheries subsidies at WTO

[I]  Industry, govt think-tank to discuss national e-comm policy

[I]  Chinese buying could pep up global pepper prices if production drops

[I]  Met Dept joins watch for pre-monsoon ‘low’ by the weekend

[I]  FSSAI tightens rules for food business operators

 

ECONOMIC TIMES

[I]  RBI’s guessing game with bond investors: Read me if you can

[I]  India highest recipient of remittances at $69 billion, says World Bank

[I]  Why the US is keeping an eye on India’s exchange rate policies

[I]  Surge in import of precious stones adds to trade deficit

[I]  Spices export record 20% rise in volumes for nine months

[I]  India likely to file dispute at WTO if US rejects exemption on tariffs: Sources

[I]  Now, a big data boost for infrastructure sector

[I]  Infra lending may take a back seat as RBI refuses to budge on new NPA rules

[I]  Homebuyers, MSMEs may get IBC relief

 

BUSINESS STANDARD

[I]  Hire and fire policy sets us apart from a govt body, says GSTN CEO

[I]  Govt expects oil import bill to cross $100 billion mark after three years

[I]  Production cuts loom large for cotton seed firms, farmers to be impacted

[I]  RBI's mixed signals make bond markets jittery due to market volatility

[I]  Market borrowings by states decline 5.6% to Rs 3.6 trillion in FY18

[I]  Sebi's circular naming defaulters draws flak; companies approach FinMin

[I]  PE funds to bid hard for next lot of stressed assets, but with a rider

[I]  Supplier to merchant exporter can claim refund of unutilised credit

 

MARKETS (08:30 am)

[I]  SGX NIFTY Fut: 10570;  USDINR DGCX: 66.6000;  DJIA Mini: 24480;  FTSE 100 Fut: 7358;  NIKKEI 225 Fut: 22234;  EUR-USD: 1.2208; Crude Oil (WTI): 68.93;  Gold (Spot): 1327

Best Regards, ARBIND

24 Apr 2018