MACRO ECONOMIC NEWS

WISH EVERYTHING HAPPENS FOR HIGHEST GOOD AND GREATEST JOY

Macro Economic News 09 May 2018

 

U.S. President Donald Trump officially scrapped the Iran nuclear deal and reimposed sanctions. Chinese, South Korean and Japanese leaders meet in Tokyo, and U.S. Secretary of State Mike Pompeo is landing in North Korea.

 

FINANCIAL TIMES

[I]  Argentina seeks IMF aid as peso sell-off resumes

[I]  Donald Trump pulls US out of Iran nuclear deal

[I]  Trump’s tough tactics prompt east Asia thaw

[I]  Boris Johnson calls Brexit customs partnership plan a ‘crazy system’

[I]  Number of job openings in US at record high

[I]  US-China tech wars threaten global sector disruption

 

REUTERS

[I]  U.S. pulls out of Iran nuclear deal; revives sanctions

[I]  Asia vulnerable to sudden global tightening, protectionist shift: IMF

[I]  Japan real wages rise in positive sign for consumption

[I]  Dollar gains versus yen as oil rallies on Iran uncertainty, pushing up U.S. yields

[I]  Bank of England hike pushed to August on Carney comments, data -economists

[I]  European regulators: We're not ready for new privacy law

[I]  Mexico pitches auto proposal as NAFTA talks grind on

[I]  U.S. job openings hit record high, more workers quitting

 

BLOOMBERG 

[I]  Trump Links Iran Decision to His Other Crisis: North Korea

[I]  Trump Exit From Iran Pact Halts $40 Billion Boeing, Airbus Deals

[I]  What's Next: Who Gets Hit When US Resumes Iran Sanctions

[I]  Killing the Iran Deal Was Only the First Step

[I]  The Iran Nuclear Deal Is Dead. What Now?

[I]  Rouhani Says Nuclear Deal Still Alive Between Iran, Five Countries

[I]  Russia Opens Door to Reworked Iran Deal Ahead of Trump Decision

[I]  EU Plans to Shield Its Companies If Trump Ditches Iran Deal

 

WALL STREET JOURNAL

[I]  How Texas, Once an Economic Drag, Became the Nation’s Fastest-Growing Economy

[I]  Powell Warns Against Overstating Impact of Fed Policy on Global Financial Conditions

[I]  Trump Withdraws U.S. From ‘Defective’ Iran Nuclear Deal

[I]  U.S. Pushes Mexico to Raise Wages for Its Auto Workers

[I]  Real Time Economics: The Fed’s Emerging-Market Fallout | Oil and Politics Don’t Mix | Why Are Americans Working Longer?

 

BUSINESS LINE

[I]  Buyout liable to tax in India; I-T Dept awaits formal pact

[I]  IT return filing dips 60% in April, but Dept unfazed

[I]  Power sector’s meeting with RBI on NPA norms postponed

[I]  Indostar Capital Finance bets on diversification

[I]  No concerns on the progress of South-West monsoon for now

[I]  NPA-laden banks turn cautious on infra lending

 

ECONOMIC TIMES

[I]  Rs 10,000 crore OMO too small to arrest fall in yields

[I]  Wheat yield boosts government purchase in India

[I]  Sugar outlook remains weak despite government's cane subsidy: Icra

[I]  Cotton output for April estimated at 360 lakh bales: CAI

[I]  Farm activist urges Centre to ban toxic pesticides

[I]  Indian tea industry records highest ever production, export in FY18

[I]  CFO optimism on biz environment at 4-year low: D&B

[I]  India slips to 6th spot in biz optimism index; sentiment weakest since 2014: Thornton

[I]  Strict KYC for digital payments = death of India's digitalisation push?

[I]  Government to release inflation index for 10 services as trial in June

 

BUSINESS STANDARD

[I]  Electric vehicles market in India set to see several new entrants

[I]  Rural demand, product launches to push up revenue growth of FMCG firms

[I]  CFO optimism lowest in four years, says Dun & Bradstreet

[I]  Wage row: Bank unions seek govt intervention, set May 12 deadline

 

MARKETS (8:30 am)       

[I]  SGX NIFTY Fut: 10732;  USDINR DGCX: 67.5375;  DJIA Mini: 24298;  FTSE 100 Fut: 7521;  NIKKEI 225 Fut: 22413;  EUR-USD: 1.1857; Crude Oil (WTI): 70.52;  Gold (Spot): 1312             

Best Regards, ARBIND

09 May 2018