MACRO ECONOMIC NEWS

WISH, THIS DAY REINFORCES AN EXCELLENT RELATIONSHIP WITH INNER BEING

Macro Economic News 15 May 2018

 

Chinese shares go global. Trump’s ZTE reversal catches Washington off guard. And Middle East clashes turn deadly. Treasuries slipped amid a selloff in German debt following hawkish comments from European Central Bank policy maker, who signaled an interest-rate hike could follow in 2019. Trade data for Indonesia and India and figures on Philippines remittances are expected.

 

FINANCIAL TIMES

[I]  US Supreme Court strikes down federal ban on sports betting

[I]  Oil price surge triggers strong gains for energy sector shares

[I]  Italy’s populist duo attempt to forge an unlikely alliance

[I]  Poland slams planned EU budget penalties for rule of law breaches

[I]  Republicans to side with Democrats and force vote on ‘Dreamers’

[I]  EU motors ahead with rules for self-driving cars

[I]  Harvard and MIT launch gene editing company

 

REUTERS

[I]  Retail inflation rate climbs for first time in four months

[I]  Thieves suck millions out of Mexican banks in transfer heist

[I]  China Jan-April property investment up 10.3 percent year on year

[I]  In some Chinese cities, authorities reduce curbs on new apartment pre-sales

[I]  China April industrial output up 7 percent, tops forecasts; investment, retail sales miss

[I]  Australia's RBA sees scant reason for rate rise as inflation, wages stay low

[I]  Oil near November 2014 highs firm as markets tighten amid OPEC cuts, Iran sanctions

[I]  India bonds fall to over two-year low on inflation worries

[I]  India's WPI inflation accelerates to 3.18 percent in April

 

BLOOMBERG 

[I]  U.K. Launches Fund to Stop Companies From Heading to U.S. for Capital

[I]  Banks Sued for Rigging Market for Mexican Government Bonds

[I]  East EU's Peak Growth Over as State Coffers Close and Rates Rise

[I]  How Africa Is Building a $3 Trillion Free-Trade Future

[I]  Wall Street Calls Time Out on U.S. Dollar's Big Resurgence

[I]  Vietnam Wins Rating Upgrade From Fitch

[I]  U.S. Must Move Quickly on Ether Status, CFTC's Quintenz Says

[I]  Here's How Scrapping Malaysian Consumption Tax Will Play Out

 

WALL STREET JOURNAL

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

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

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

[I]  Fed’s Mester Says Improved Economic Outlook Supports More Rate Rises

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

[I]  Farmers Across High Plains Brace for Hard Times as Drought Bears Down

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

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

 

BUSINESS LINE

[I]  Loan waiver not a perk, so not taxable: Apex court

[I]  Commerce Ministry in talks with Chinese FDA for speedy approval of Indian pharma products

[I]  New policy moves to integrate wind, solar energy sources

[I]  ‘Low’ in Arabian Sea points to monsoon in the works

[I]  Clean-up measures lead to a rise in bad loans

[I]  Cannot unilaterally decide on cryptos: RBI to apex court

 

ECONOMIC TIMES

[I]  ​Investors continue to exit from Gold ETFs in April

[I]  Inflation spike set to pile more misery on Indian bond investors

[I]  Interest rate puzzle makes popular dynamic bond funds change colours

[I]  Corporate Governance: Will new rules increase accountability of company boards?

[I]  Wheat procurement up 16% so far; may cross target of 32 million tons

[I]  Delayed payments under MNREGA decline to 6-yr low: SBI report

[I]  India to clock GDP growth of 7.7 per cent in January-March: Report

[I]  India, Sweden hope to co-create products for global market

[I]  Five new highways planned to cut down travel time

[I]  Government announces national wind-solar hybrid policy

[I]  No plan to junk Rs 2000 banknotes: Junior FM

 

BUSINESS STANDARD

[I]  India smartphone shipment grows 11% in Q1 to 30 mn units, says IDC

[I]  Wholesalers can help FMCG firms expand sales, reach: Nielson India report

[I]  Where Big Oil fears to tread: only 9 in fray for first rounds of auctions

[I]  Q4 GVA growth may improve to 7-7.3% from 6.7% in Q3: economists

[I]  Rupee crashes to new 16 month low of 67.51 against US dollar

[I]  WPI at 4-month high in April; inflation rises to 3.18 % from 2.47% in March

[I]  Private fuel retailers relieved as OMCs end 19-day price freeze

 

 

MARKETS (9:00 am)       

[I]  SGX NIFTY Fut: 10861;  USDINR DGCX: 67.7000;  DJIA Mini: 24855;  FTSE 100 Fut: 7669;  NIKKEI 225 Fut: 22847;  EUR-USD: 1.1932; Crude Oil (WTI): 71.04;  Gold (Spot): 1314          

Best Regards, ARBIND

15 May 2018