MACRO ECONOMIC NEWS

THIS WEEK WE WILL WITNESS HOW SITUATIONS COME TOGETHER IN OUR FAVOUR TO BLESS US

Macro Economic News 07 May 2018

 

North Korea denied U.S. sanctions were behind it removing nuclear arms. Iran, faced with a possible restoration of U.S. sanctions, came out against higher oil prices, signaling a split with fellow OPEC member Saudi Arabia, which is showing a willingness to keep tightening crude markets. Lingering trade war angst after the U.S. economic advisers left Beijing empty handed on trade issues may preoccupy investors this week. In Australia, the federal budget is due out Tuesday. Other key events coming up include Malaysia's election on Wednesday. That day also brings Japanese wages data and then later on U.S. PPI. Thursday will be highlighted by inflation releases in China and the U.S., plus central bank decisions in New Zealand, the Philippines, Malaysia and the U.K. The U.S. Treasury will offer $73 billion of 3-, 10-, and 30-year securities this week, $7 billion more than the equivalent round last quarter. How investors digest the offerings will help determine whether the selloff resumes.

 

FINANCIAL TIMES

[I]  Emerging market investors braced for turbulence

[I]  Pharma and healthcare companies brace for Trump shake-up

[I]  Iran’s president says US would ‘regret’ leaving nuclear deal

[I]  Budget chief aims to restore France’s credibility in Europe

[I]  Emerging economies tipped to weather market turmoil

[I]  Investors deliver harsh verdicts on earnings calls

[I]  The threat of secular stagnation has not gone away

[I]  Germany’s budget is an accident waiting to happen

 

REUTERS

[I]  Dollar index at near four-month high after U.S. jobs data

[I]  Some in BOJ warned of premature exit debate in March: minutes

[I]  Oil prices near 2014 highs as Iran tensions keep market on edge

[I]  Take Five: World markets themes for the week ahead

[I]  Saudi sovereign fund plans entertainment centers across kingdom

[I]  French government urges Air France to pursue reforms as strikes bite

[I]  Trump team demands China slash U.S. trade surplus, cut tariffs

[I]  Bank of England to keep rates steady after market U-turn

[I]  Factbox: China, U.S. trade talks - what the two sides proposed

 

BLOOMBERG 

[I]  WTI Oil Rises Above $70 a Barrel on U.S.-Iran Sanctions

[I]  Asia Stocks Mixed as Dollar Slips; Crude Oil Jumps: Markets Wrap

[I]  China Fires Back After U.S. Blasts ‘Orwellian’ Rule for Airlines

[I]  Malaysia's Election May Not Be a Done Deal After All

[I]  China's About to Give Global Finance the Chance of a Lifetime

[I]  China Steps Up Crackdown, Imposes More Fines on Financial Firms

[I]  How China Is Opening Up to Foreign Finance Firms

 

WALL STREET JOURNAL

[I]  Revenue Surge Boosts State Coffers

[I]  Argentine Market Sours as Rates Soar to 40%

[I]  Unemployment Plunge Raises Stakes in Fed’s Goldilocks Conundrum

[I]  Labor Unrest Erupts in Iran, Pressuring Leaders

[I]  Solving the Riddle of the Eurozone’s Missing Inflation—in 11 Charts

[I]  Global Economy Week Ahead: China Trade Balance, U.S. Inflation, BOE Meeting

[I]  Falling Unemployment Could Pressure Fed to Move Faster

[I]  U.S. and China Make Scant Progress in Trade Talks

[I]  U.S. Jobless Rate Falls to 3.9%

[I]  Real Time Economics: U.S.’ China Trade Demands | Europe’s Trump Problem | Jobs Day

 

BUSINESS LINE

[I]  Why India Inc is selling more but profiting less

[I]  A not-so-bullish water mark

[I]  Time ripe to cut excise duty on petrol, diesel

[I]  NITI Aayog sees methanol as a more viable alternative fuel

[I]  Lenders may set up AMCs to deal with stressed power assets

[I]  Indian investments in South Africa touch $4 billion

 

ECONOMIC TIMES

[I]  Why India can't let its guard down while signing trade agreements

[I]  Private players soon likely to be roped in to help run EPFO, ESIC schemes

[I]  RBI's search for easy answers could leave India with some very hard choices

[I]  FPI outflows hit 16-month high at Rs 15,500 crore in April

[I]  500 rupee notes worth Rs 3,000 cr printed daily: Garg

[I]  View: India must tread carefully on free trade agreements

[I]  India's 7% projected growth rate 'amazingly fast': ADB

[I]  Companies get scrutiny notices for mismatch in GST returns

[I]  Corp Affairs Ministry plans to collect passport details of cos' directors

 

BUSINESS STANDARD

[I]  Centre plans to make 2% CSR spending mandatory for Life Insurance Corp

[I]  India's smart TV market gets a price flick; firms launching low-cost models

[I]  Govt's move on fund transfer to states led to spike in bond yields

[I]  Govt finalises standards for vessels to ply on domestic water bodies

[I]  Govt may redefine 'cash flow' to aid ratings of infrastructure firms

[I]  India talent lures firms to expand their global in-house centres

[I]  Cost-cutting measures: Banks close 2,000 ATMs in 10 months

[I]  Statsguru: Remittance flows to low- and middle-income regions surge

[I]  How cryptocurrencies stacks up against other investments

 

 

MARKETS (9:00 am)       

[I]  SGX NIFTY Fut: 10686;  USDINR DGCX: 67.2525;  DJIA Mini: 24321;  FTSE 100 Fut: 7523;  NIKKEI 225 Fut: 22372;  EUR-USD: 1.1973; Crude Oil (WTI): 70.43;  Gold (Spot): 1318             

Best Regards, ARBIND

07 May 2018