MACRO ECONOMIC NEWS

WISHING A HARMONIOUS DAY. UNIVERSE IS IN HARMONY, ALWAYS.

Macro Economic News 05 Apr 2018

The inflation rate in the euro area rose to 1.4 percent in March, in line with economist expectations, further bolstering arguments for the ECB to phase out stimulus. Unemployment in the common-currency zone dropped to 8.5 percent in February, a nine-year low.

FINANCIAL TIMES

[I]  US-China trade brinkmanship sends global markets reeling

[I]  China tariff threat deals another blow to US farmers

[I]  Italy’s populist revolt puts pension reform at risk

[I]  Global businesses raise hopes of US-China trade compromise

[I]  Mixed data mean ECB will be slow to withdraw stimulus

[I]  UK looks to former colonies to secure post-Brexit future

[I]  Trump tariffs expected to hurt US businesses in China

[I]  Trump’s trade war could hit hardest in his political heartland

[I]  Latvia banking scandal leaves Europe’s regulators red-faced

 

REUTERS

[I]  Trade war: China retaliates

[I]  India to offer $3-4 billion development plan for giant Iran gas field: sources

[I]  Oil gains on surprise drawdown in U.S. crude inventories

[I]  Analysis: Japan braces for Trump assault on trade, yen policy as summit looms

[I]  Easter price push keeps ECB on track for ending stimulus

[I]  As Myanmar economy rebounds, sanctions risk gives some investors pause: IMF

[I]  China to develop Bangladesh industrial zone as part of South Asia push

[I]  Developing nations to study ways to dim sunshine, slow warming

 

BLOOMBERG 

[I]  Hollywood Reaps Dividends From Saudi Prince's U.S. Goodwill Tour

[I]  Gender Pay Gap Highlights U.K. Economy's ‘Untapped Potential’

[I]  Former Civil War Leader Wins Tight Presidential Race in Sierra Leone

[I]  Saudi Arabia Is About to Have Its First Ever DJ Party

[I]  U.S. and China Push Time-to-Talk Message as Trade Tensions Rise

[I]  Rate Hike in Japan Is Likely Within a Year: Former BOJ Executive

[I]  South Korea Worries It Will Be a Victim of China-U.S. Trade War

[I]  U.S. Farmers Speak: ‘Let’s Just Hope This Is a War of Words’

[I]  Trade Fight Expected to Add Risk But Not Sink the U.S. Economy

[I]  Fed Officials Warn That Tariff Brawl Clouds Interest-Rate Path  

 

WALL STREET JOURNAL

[I]  Tariff Showdown Shifts to Intense Negotiation Period

[I]  China Threatens U.S. Cars, Planes, Soy in Response to Trump

[I]  U.S. Sets Sweeping Tariffs on China

[I]  The Political Backlash Against Tech: Good, Bad and Ugly

[I]  Growth Slowed Across Most of U.S. Economy in March

[I]  Manufacturing Industry Has Strongest Jobs Increase in Three Years

[I]  Tariffs Unlikely to Bring Back Many U.S. Blue-Collar Jobs, Study Finds

[I]  Real Time Economics: Markets Rattled | U.S. Factories Humming | Trade’s Winners and Losers

 

BUSINESS LINE

[I]  RBI cuts provisioning norm for advances to large accounts now before NCLT

[I]  Insolvency law: IBBI chief puts India Inc’s directors on notice

[I]  Competition Commission to be ‘right-sized’

[I]  Treat home buyers as ‘financial creditors’, suggests Insolvency Law Committee

[I]  Centre eyes 10 GW of wind power generation by 2022

[I]  MFs add 32 lakh new investors in a year

[I]  Coffee exports hit a new record; up 12% near 4 lakh tonnes in 2017-18

[I]  India may import1.5 mt wheat in 2018-19: USDA report

 

ECONOMIC TIMES

[I]  India may have something good in the ongoing US-China tariff war

[I]  Banks seek wind up of firms owing $5.8 billion

[I]  India's monsoon rains seen at average levels in 2018: Skymet

[I]  NPA mess: PSU banks wrote off loans worth Rs 2.42 lakh cr in 3 years

[I]  India Ratings ups India’s FY19 GDP growth to 7.4%, cautions on bank NPAs

[I]  Loan write-offs decline to 13 per cent of gross NPAs in FY17: RBI data

[I]  Trade deficit with India decreased in 2017; concerned over trade barriers: US

[I]  NITI submits draft Cabinet note on zero-emission vehicles

[I]  Can file transitional credit form by April 30: Fin Min

 

BUSINESS STANDARD

[I]  India bags second position in crude steel production, output up by 3.4%

[I]  LoU ban to hit small & medium importers with higher funding costs: Report

[I]  Farmer support: Centre looking to spend Rs 200-250 bn on MSP procurement

[I]  Remittances by overseas Indians dropped by $8.5 billion: Govt

[I]  Cabinet approves reducing strength of CCI members to 3 for speedy approvals

[I]  Govt clarifies not all insolvency rebids may be prospective cases

[I]  Ind-Ra revises up growth forecast to 7.4% for FY19 on strong agri growth

[I]  RBI enjoys equal regulatory power over both private and public banks: Govt

[I]  Wheat prices fall below MSP of Rs 1,735 on fresh arrivals and weak quality

 

MARKETS (08:15 am)

[I]  SGX NIFTY Fut: 10288;  USDINR DGCX: 65.1625;  DJIA Mini: 24359;  FTSE 100 Fut:  7052;  NIKKEI 225 Fut: 21668;  EUR-USD: 1.2279; Crude Oil (WTI): 63.65;  Gold (Spot): 1331

Best Regards, ARBIND

05 Apr 2018