MACRO ECONOMIC NEWS

WISH GOD BLESS US ALL WITH SUPERNATURAL OPPORTUNITIES AND BREAKTHROUGH

Macro Economic News 22 Jun 2018

 

Trade concerns continued pummeling global markets, even as U.S. officials brushed off concerns. Series of hacks at South Korean crypto exchanges buffeting digital currencies. Inflation data out of Japan are expected to show little change at 0.6%, leaving the BOJ a long way from its 2% target. Central Banks in Switzerland and Norway signaled different outlooks toward rate increases, suggesting the divergent paths of the world’s largest central banks are gripping smaller ones too.

 

FINANCIAL TIMES

[I]  Trump official feels the heat in immigration backlash

[I]  Beijing woos foreign businesses as US trade war looms

[I]  Shadowy insurgents threaten Mozambique gas bonanza

[I]  Italy blocks Merkel bid to outwit immigration rebels

[I]  US business fears choppy waters ahead due to Trump trade tariffs

[I]  US Supreme Court ruling delivers blow to ecommerce retailers

[I]  North Korea media tone down anti-US rhetoric

[I]  Japan to halt drills against North Korean missiles

[I]  The rise of a new generation of anti-Americans

 

REUTERS

[I]  India hits back at U.S. with higher duties on almonds

[I]  U.S. welcomes Ethiopia-Eritrea peace moves - State Dept

[I]  Greece gets debt relief from euro zone

[I]  Japan flash June manufacturing PMI rises, but new export orders contract

[I]  IMF welcomes Greek debt deal but has reservations on long-term

[I]  Japan's steady May inflation shows BOJ stimulus not moving price dial

[I]  Italy and Germany clash as migration rows split EU

[I]  East Libyan forces reclaim key oil ports

[I]  How foreign companies have lost a bundle in North Korea

[I]  More than 20 nations seek to toughen climate goals by 2020

[I]  U.S. labor market tightening; mid-Atlantic manufacturing cools

 

BLOOMBERG 

[I]  China Stocks Poised for Bear Market on Trade and Growth Jitters

[I]  U.S. Beating China in Trade Fallout, at Least in Equity Markets

[I]  Derivatives Rejig in India May Spur Squeeze in Beaten Up Stocks

[I]  Greece's Creditors Agree Landmark Debt Deal as Bailout Saga Ends

[I]  Trade Jaw-Jaw Turns to War-War in Growth Threat: Economy Week

[I]  Myanmar’s Fast-Food Boom Is Boosting Palm Oil

[I]  EM Dollar Debt Attracts Buyers After Trader Dumps Local Bond ETF

[I]  BOE to Get $1.6 Billion as Mark Carney Beefs Up Bank's Crisis Powers

 

WALL STREET JOURNAL

[I]  Companies Race to Top Off Pension Plans to Capitalize on Tax Break

[I]  Supreme Court Rules States Can Collect Sales Tax on Web Purchases

[I]  Trump Proposes Combining Workforce Training, Federal Assistance in Agency Revamp

[I]  Central Banks Go Their Separate Ways

[I]  Job Layoff Gauge Falls Heading into the Summer Months

[I]  Conference Board’s Leading Economic Index Rises

[I]  U.S. Retirement Programs Strain Amid Retiree Growth

[I]  Big Banks Clear Fed’s Stress Tests

[I]  Powell Says Solid Economy Supports More Fed Rate Rises

 

BUSINESS LINE

[I]  Power producers seek relaxation of RBI order on NPAs

[I]  India keeps window open to sort out tariff war

[I]  Insolvency regulator to IRPs: Charge reasonable fees, disclose all expenses

[I]  Power producers to Govt: Relax RBI’s directive on NPA recognition

[I]  PE/VC Assn calls for GST exemption on private equity fund management fee

[I]  Kerala waives plantation tax; moratorium on agricultural I-T

 

ECONOMIC TIMES

[I]  Bond market looks for more OMOs to check yield rise

[I]  By 2030, India's water demand to be twice the available supply indicating severe water scarcity: Report

[I]  India hikes import duty on certain US products

[I]  India, US officials to discuss trade issues on June 26-27

[I]  India hikes customs duty on 30 items imported from US

[I]  Exports from SEZs up 38 per cent in May at Rs 29,000 crore

[I]  Retaliatory additional 10% duty on US lentils to keep oversupply in check

[I]  RBI not to budge on new norms for stressed power companies

[I]  Government to soon launch national portal with skilling data

[I]  India to be lone economy facing suppressed wages by 2030: Study

 

BUSINESS STANDARD

[I]  RBI relief unlikely for stressed power sector; govt to work on reform plan

[I]  Indian companies giving MNCs a run for their money in vitamins

[I]  Advertising spend to see 12.5% growth in 2018, says Magna

[I]  Firms to approach forensic experts for curbing instances of insider trading

[I]  People spend 13 hours to access direct benefit transfers in Ranchi

[I]  Govt must do away with imposition of any levy on movie tickets: Study

[I]  India to have high-skill talent surplus by 2030, says report

[I]  India slaps tariffs on 29 US items; new rates to kick in from August 4

 

MARKETS (8:30 am)

[I]  SGX NIFTY Fut: 10705;  USDINR DGCX: 67.8650;  DJIA Mini: 24509;  FTSE 100 Fut: 7498;  NIKKEI 225 Fut: 22512;  EUR-USD: 1.1603; Crude Oil (WTI): 66.40;  Gold (Spot): 1267          

Best Regards, ARBIND

22 Jun 2018