MACRO ECONOMIC NEWS

WISH, THIS DAY EMPOWERS OUR DEEDS BE HELPFUL AND BENEFICIAL FOR OTHERS NEEDS

Macro Economic News 16 May 2018

 

North Korea suspends high-level talks with Seoul. The U.S. Treasury 10-year yield jumped to the highest since 2011, briefly rising above 3.09% with Fed indicating raising interest rates three more times in 2018 and a flood of new issuance as the nation’s budget deficits widen. Global Inflation expectations are getting higher as for the first time in a decade, cash is competitive.

 

FINANCIAL TIMES

[I]  Turkish lira leads broad sell-off in emerging market currencies

[I]  Exchanges face share price test from lower volatility

[I]  US and China ‘still very far apart’ on trade, says US ambassador 

[I]  Senators ditch plan to review US outbound investments

[I]  German economy slows more abruptly than expected

[I]  Global surge in air-conditioning set to stoke electricity demand

[I]  Japan shifts oceans policy to national security

[I]  US sanctions target Iran central bank governor

[I]  US sports betting expansion is no slam dunk

 

REUTERS

[I]  China's home prices rise 0.5 percent in April from March

[I]  North Korea casts doubt on Trump summit, suspends talks with South

[I]  Japan's first quarter GDP shrinks more than expected in setback for 'Abenomics'

[I]  U.S. consumer spending picking up, gasoline prices a threat

[I]  Euro zone first-quarter slowdown confirmed, March output weaker than expected

[I]  German growth halves in first quarter on weak trade

 

BLOOMBERG 

[I]  Loans Scandal Deals a Fresh Blow to Corporate Japan

[I]  Global Funds Are Now the Dominant Force in China's Debt Market

[I]  Emerging Markets Face Their Moment of Truth

[I]  Fed's Williams Sees Three to Four 2018 Hikes Still Warranted

[I]  What to Expect in New Zealand's Budget Beyond Another Surplus

[I]  These Are the Groups Deciding Whether Japan's Abe Stays or Goes

[I]  China’s April New-Home Prices Rise at Faster Pace, Defying Curbs

[I]  Loans Scandal Deals a Fresh Blow to Corporate Japan

[I]  Pimco Sees U.S. Yields Climbing, Emerging-Market Opportunities

[I]  Argentine Peso Goes From Laggard to Leader—at Least for One Day

 

WALL STREET JOURNAL

[I]  Climbing Gas Prices Didn’t Keep Consumers From Spring Spending

[I]  A World Apart: Charting the Gulf Between Chinese and U.S. Tariffs

[I]  Clarida, Bowman Affirm Commitment to Fed’s Independence in Setting Rates

[I]  Trump’s Goal for Nafta Rewrite Looks Unattainable in 2018

[I]  New Fed Reports Show Rising Inflation Expectations

[I]  U.S., China Weigh Deal on ZTE Ban, Agricultural Tariffs

[I]  China’s Industrial Output Revs Up

[I]  As the U.S. Retreats From Trade Deals, Dollar May Suffer

[I]  How the World’s Biggest Companies Are Fine-Tuning the Robot Revolution

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

 

BUSINESS LINE

[I]  Trade deficit widens marginally to $13.7 b in April

[I]  Food safety body looking at global norms to finalise labelling regulations

[I]  Karnataka verdict hits market sentiment

[I]  Despite Brexit uncertainties, India-UK trade up 15%

[I]  Rain brightens prospects of post-winter quality teas

[I]  Banks want RBI to extend one-day NPA classification norm to 30 days

 

ECONOMIC TIMES

[I]  Farm loan waiver could touch the $40-bn mark. Here's why

[I]  Oil at $100 won't hurt world economy as much as in 2011

[I]  Gold hits fresh 2018 low as rising yields lift dollar

[I]  Coffee Board data shows 10% fall in crop over post blossom estimate

[I]  Services sector can attract huge investment, generate jobs: President Kovind

[I]  Gold imports decline 33%, exports rise 5.2% in April

[I]  Trade facilitation pact in services at WTO to push global economy: Suresh Prabhu

[I]  Exports rise 5.17% to USD 25.9bn in Apr; trade deficit up at USD 13.7 bn

[I]  Inflation to average around 5.1% this fiscal: Report

[I]  Indo-Pacific infrastructure forum launched to tap private sector in India, US, Japan

[I]  Niti Aayog governing council to discuss 'New India 2022'

[I]  Free banking services out of GST net: Finance ministry official

 

BUSINESS STANDARD

[I]  New privacy norms by tech firms to make business safer: Experts

[I]  Till 2050, rising mercury in India to drive global air conditioner demand

[I]  India to create 238 new billionaires by 2027, says study

[I]  Labour starved mills in South India lean on North East for manpower

[I]  After anti-dumping duty, US hits shrimp exporters with non-tariff barrier

[I]  Surat's textile sector faces cost-push crisis as key input prices surge

[I]  High crude oil prices to fuel India's remittances purse, to rise 4-5%

[I]  Drugs, engineering goods boost April exports by 5.71% to $25.91 billion

 

MARKETS (8:00 am)       

[I]  SGX NIFTY Fut: 10753;  USDINR DGCX: 68.3375;  DJIA Mini: 24657;  FTSE 100 Fut: 7702;  NIKKEI 225 Fut: 22725;  EUR-USD: 1.1827; Crude Oil (WTI): 71.07;  Gold (Spot): 1294          

Best Regards, ARBIND

16 May 2018