MACRO ECONOMIC NEWS

WISH THIS DAY BRINGS SUPERNATURAL OPPORTUNITIES TO US

Macro Economic News 22 May 2018

 

The success of a summit between President Donald Trump and North Korea President Kim Jong Un hinges on China's President Xi Jingping. He appears to be using his power as leverage in trade talks with the U.S., and not everyone is happy with how those talks are going. A divided U.S. Supreme Court ruled that employers can force workers to use individual arbitration instead of class-action lawsuits to press legal claims. China is planning to scrap all limits on the number of children a family can have, ending a policy that spurred human-rights abuses and left the economy short of workers.

 

FINANCIAL TIMES

[I]  US demands exacting terms for new Iran nuclear treaty

[I]  Short-term US bond yield surpasses longer-dated peers

[I]  Italian bond sell-off intensifies as populists set to rule

[I]  Trump defends China trade detente

[I]  Brussels to unveil ‘safe-asset’ plan for pooled bonds

[I]  Australia divided over ‘Brazilian-scale’ land clearance

[I]  UAE sets out plans to bolster foreign ownership and visa rights

[I]  Zimbabwe applies to rejoin Commonwealth 15 years after it left

[I]  China’s economic supremo has upper hand in US trade tussle

 

REUTERS

[I]  Trump willing to walk away from North Korea summit - Pence

[I]  Off colour: Pollution turns India's white marble Taj Mahal green

[I]  Hawaii volcano eruption driving away millions in tourism dollars

[I]  Oil prices rise on worries over Venezuelan supply

[I]  U.S. proposes end of grizzly-baiting ban in Alaska's national preserves

[I]  As bitcoin world wobbles, mining rig company plans $2 billion IPO

[I]  China launches fresh campaign against trash smuggling

[I]  U.S. toughens stance on Iran, lists sweeping demands

[I]  U.S. and Canadian regulators open probes into cryptocurrency scams

[I]  Trump says China to buy more U.S. farm products, offers no details

[I]  Japan's exports accelerate in April as volumes rise, outlook positive

 

BLOOMBERG 

[I]  Italy’s Borrowing Costs Exceed Indonesia's

[I]  Pimco Says Economies Must Fend for Themselves in Post-Crisis World

[I]  Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000

[I]  It’s Back to Normal for Technology Heavyweights

[I]  Surging Prices, Rates Test Demand in U.S. Housing Market

[I]  Longer Visas Could Prop Up Sickly U.A.E. Property Markets

[I]  China Trade Truce May Help Give U.S. LNG a $30 Billion Boost

[I]  Why Mini-BOTs Loom Large for Investors in Italy Assets

 

WALL STREET JOURNAL

[I]  Egypt Clamped Down on Political Opposition—Next Up Is the Economy

[I]  Mnuchin: U.S., China Have Suspended Tariffs

[I]  An Immigration Debate Distinct From Economic Realities

[I]  Split in Goods and Services Inflation Underscores Fed’s Challenge

[I]  Financial Crisis May Have Hit ’80s Generation the Hardest

[I]  Global Economy Week Ahead: U.S. Sentiment, U.K. Inflation, Eurozone PMI

[I]  IMF Begins Work on Bailout for Argentina, With U.S. Backing

[I]  High Court Limits Workers in Arbitration Cases

 

BUSINESS LINE

[I]  Announcement under Regulation 30 (LODR)-Dividend Updates

[I]  Lower expenditure set to prune FY18 fiscal deficit to 3.4% ...

[I]  Spike in crude prices can widen CAD to 2.5% of GDP: SBI report

[I]  Foreign investments in Indian start-ups doubled to $16,728 million in 2017

[I]  Set sugarcane pricing free: Industry body ISMA to Govt

 

ECONOMIC TIMES

[I]  China could soon end its policy on birth limits

[I]  Exams may no longer be enough for civil services

[I]  Industry seeks cut in fuel excise duty as oil prices zoom

[I]  Companies investment vehicles set up in Dubai free trade zone under taxman scrutiny

[I]  Rising crude may stretch CAD to 2.5 pc of GDP in FY19: SBI report

[I]  India to achieve 9 per cent growth rate by 2022

[I]  India's GDP growth in Q4 of FY18 seen at 7.4%: Icra

[I]  Open data ecosystem can double farmers' income by 2022: Study

[I]  Shell firms: I-T department to file pleas in NCLT to extract tax due

[I]  IT Ministry may firm-up package of measures to boost electronics exports by June

[I]  Cut excise duty, bring automobile fuels under GST, chambers urge government

[I]  Bids may go online for companies facing bankruptcy

[I]  India Inc finds RBI's latest loan default guidelines rigid

 

BUSINESS STANDARD

[I]  Centre mulls new regulator to bring crowdfunding platforms under the law

[I]  Ather Energy plans to set up charging stations for electric vehicles

[I]  Demonetisation effect: Demand for cash rises 7%, says RBI

[I]  Maharashtra, Gujarat, Tamil Nadu churn out over half of formal jobs

[I]  Looking to arrest rise in fuel price: Petroleum minister Dharmendra Pradhan

[I]  FinMin presses agri ministry for reworking MSP procurement models

[I]  Cheaper imports to deliver future shocks to merchant miners

[I]  Working, but too slowly: Bankruptcy process must keep to its own timetable

 

MARKETS (8:00 am)

[I]  SGX NIFTY Fut: 10522;  USDINR DGCX: 68.1425;  DJIA Mini: 25021;  FTSE 100 Fut: 7832;  NIKKEI 225 Fut: 22993;  EUR-USD: 1.1783; Crude Oil (WTI): 72.47;  Gold (Spot): 1290          

Best Regards, ARBIND

22 May 2018