MACRO ECONOMIC NEWS

WISH, THE GRACIOUS WEEK AHEAD BRINGS WEALTH OF WISDOM AND PRUDENCE

Macro Economic News 14 May 2018

 

The U.S. is considering allowing investments if North Korea gives up its nuclear ambitions, Trump throws a lifeline to beleaguered Chinese firm ZTE in reversal, and Malaysian markets will be in focus as they reopen after Mahathir’s stunning victory. China’s monthly activity data are likely to paint a mixed picture, with factory output picking up but growth in consumption steady and fixed-asset investment edging down. Japan may report a ninth straight quarter of economic growth, though slower than in the fourth quarter. Malaysia and Singapore GDP are also due, as are India's CPI and trade. Australia reports GDP on Thursday.  U.S. retail sales and industrial production for April will give early signals about the strength of the U.S. economy in the second quarter.

 

FINANCIAL TIMES

[I]  Trump orders U-turn over sanctions against Chinese telecom group

[I]  Italy’s populist parties close to forming government

[I]  Caste-based politics returns to India as Dalits seek equality

[I]  Mahathir seeks to quell doubts over reform

[I]  Oslo thaws on UK joining EEA after Brexit

[I]  Brussels seeks 15% cut in truck carbon emissions

[I]  European groups at risk of US sanctions over Iran

[I]  US business fears a rapid Trump trade deal with China

[I]  Regulators need to show they care about whistleblowers

 

REUTERS

[I]  Oil ebbs from multi-year highs on surge in U.S. drilling, Iran sanctions opposition

[I]  Singapore exports seen recovering in April, up 5.4 percent: Reuters poll

[I]  China's stock exchanges tighten supervision on booming ABS market

[I]  China central bank rolls over MLF loans, injects funds via PSL

[I]  Rouhani says Iran may remain part of nuclear accord

[I]  India's industrial growth slows to five-month low in March

[I]  Negotiators fail to reach NAFTA deal, Trump launches new attack

[I]  Singapore exports seen recovering in April, up 5.4 percent: Reuters poll

 

BLOOMBERG 

[I]  Italy Populists Go All in on Pricey Vows Preparing to Take Power

[I]  Carillion Used Suppliers to Borrow More, U.K. Lawmakers Say

[I]  British Shoppers Haven’t Loosened Their Purse Strings

[I]  China's Stock Market Is About to Burst Onto the Global Stage

[I]  Why Asia Will Come Out on Top as Emerging Markets Get Shaken Up

[I]  Trump in Reversal Says U.S. to Help China's ZTE Stay Afloat

[I]  Debt Paradox Means Russia Borrows More Even as Oil Prices Rally

 

WALL STREET JOURNAL

[I]  Gas Is Headed for $3. What That Means for the U.S. Economy

[I]  Trump Keeps Up Pressure on Auto Makers to Generate U.S. Jobs

[I]  U.S. Businesses to Make Their Case Against China Tariffs

[I]  U.S. Consumer Sentiment Held Steady in Early May

[I]  Canada Shed Jobs in April, While Wages Rose to Near Six-Year High

[I]  Global Economy Week Ahead: U.S. Housing Starts, China Retail Sales, Brazil Rate Decision

[I]  U.S. Raises Pressure on Iran With Sanctions on Currency Exchange

 

BUSINESS LINE

[I]  PSBs may seek early recap on new NPA rule

[I]  Japan or Europe — whose plug will power?

[I]  MEA, ministries go into a huddle over Iran sanctions

[I]  Pulse import norms: Millers worried over deadline, price impact

[I]  Panel set up to create valuation standards, compliance

 

ECONOMIC TIMES

[I]  Oil cautious on rise in US drilling, Iran sanctions opposition

[I]  Rupee’s show one of the worst in EM basket

[I]  Dollar treads water; rally loses steam as US yields sag

[I]  Government to link 200 more mandis to eNAM this fiscal: Agriculture secretary

[I]  India largest remittance-receiving country in the world

[I]  China-US trade imbalance won't last in long run: Ambassador

[I]  Political economy to centre around investors 'wait and watch'' stance: ASSOCHAM

[I]  House panel to examine ‘bail in’ clause of FRDI Bill, to meet today

[I]  Govt, regulators mull challenge-proof definition for shell companies

[I]  Comm Min starts work to further revise WPI base year to 2017-18

 

BUSINESS STANDARD

[I]  From Chennai to Guwahati, govt likely to privatise 8 major airports

[I]  Asia Pacific faces imminent labour shortage of 12.3 mn workers by 2020

[I]  India's Iranonomics: Centre wants Tehran to agree on rupee payment

[I]  Credit to deposit ratio dropped in 17 states during 2014 to 2017

[I]  15th Finance Commission: Where Centre and states stand

[I]  Every govt considers taxing farm income: Niti Aayog

[I]  PSBs may re-approach Sebi for relaxing the rule on promoter equity

[I]  GST: Here is an analysis of what judicial orders mean for businesses

[I]  Ease of Doing Biz: Ordinance on commercial courts may not improve ranking

 

 

MARKETS (9:00 am)       

[I]  SGX NIFTY Fut: 10823;  USDINR DGCX: 67.3350;  DJIA Mini: 24920;  FTSE 100 Fut: 7698;  NIKKEI 225 Fut: 22813;  EUR-USD: 1.1964; Crude Oil (WTI): 70.46;  Gold (Spot): 1321          

Best Regards, ARBIND

14 May 2018