MACRO ECONOMIC NEWS

WISHING THE DAY BE FULL OF TRUST AND ACKNOWLEDGEMENT

Macro Economic News 12 Jun 2018

 

Donald Trump and Kim Jong Un prepare for their historic meeting, as the U.S. draws a firm line on what it will take for North Korea to receive sanctions relief. China’s push to eradicate smog by using more natural gas is set for a boost. Beijing is pushing ahead with a plan to merge under one company a national pipeline network that would unify transport and investment decisions.

Meetings of the Federal Reserve and the European Central Bank this week are likely to show a continued, gradual move away from the policy approach they adopted to contain the trauma of the global financial crisis from 2010 to 2017.

 

FINANCIAL TIMES

[I]  Thermal coal defies sceptics as Asian demand rises

[I]  Trump and Kim play for high stakes in Singapore

[I]  France tells its banks to set aside more capital

[I]  Malaysia’s new government struggling to clean up economic ‘mess’

[I]  Latin America’s socialist support system is crumbling

[I]  Leading critic of Japan Inc puts funds on alert

[I]  Fintech threatens to eclipse banks that do not adapt digitally

[I]  UK labour market’s very flexibility may widen the productivity gap

 

REUTERS

[I]  Trump, Kim shake hands to launch historic summit

[I]  India set to miss key target for Japan-backed bullet train project - sources

[I]  India's petrol, diesel demand rise to record highs in May

[I]  Global Markets: Dollar rises, stocks inch up as U.S.-North Korea summit gets underway

[I]  Nikkei tests 4-month high, U.S.-North Korea summit fuels optimism

[I]  China facing flood, landslide risks amid heavy rain - weather bureau

[I]  After 'difficult' G7 summit, UK's May warns against unilateral action on trade

[I]  U.S. inflation seen flat, income weaker: NY Fed survey

[I]  Pakistan's new rupee devaluation shows economic risk before election

 

BLOOMBERG 

[I]  Sydney Home Bubble Deflates as Loans Revisit 2008 Losing Streak

[I]  The $1.4 Trillion U.S. ‘Surplus’ That Trump’s Not Talking About

[I]  Cheese Gets Caught in the U.S.-Mexico Trade Spat

[I]  Trump, Kim Voice Optimism Over Path to Peace as Summit Opens

[I]  Quant Funds Are Selling Stocks With Hidden Volatility Building

[I]  These Five Currencies Are Most Exposed to Emerging-Market Rout

[I]  U.S. Regulators Urge Better Oversight for Pipeline Cybersecurity

[I]  Sales of the Riskiest Subprime Auto Bonds Are Headed for a Record Year

 

WALL STREET JOURNAL

[I]  The Fed’s Biggest Dilemma: Is the Booming Job Market a Problem?

[I]  The Trade Wars of 2018: An Alternate History

[I]  Pompeo Says U.S. Relationship With G-7 Still Strong Despite Public Fight

[I]  U.S.-Canada Trade Feud Escalates After Fraught G-7 Summit

[I]  Corporations Push Profits Into Tax Havens as Nations Struggle in Pursuit

[I]  Chinese, Russian Presidents Lead U.S. Criticism at Regional Summit

[I]  What Latest Health-Law Case Means for Insurance Markets

[I]  Companies in Limbo as States Adjust Taxes to Federal Overhaul

[I]  Global Economy Week Ahead: Fed, ECB and BOJ Meetings; China Business Activity

 

BUSINESS LINE

[I]  Sell-offs are passé; PSUs eye asset recycling to raise $11 b

[I]  ‘If haircuts for corporate loans are possible, why not farm-loan waivers’

[I]  As Brexit law comes up, crucial days ahead for UK

[I]  Coal production up 15% in first 2 months of current fiscal year

[I]  As outlook improves, CV- makers line up Rs. 5,000-cr investments

[I]  Monsoon heads for a break after delivering 18% surplus

[I]  Kharif sowing gathers pace; maize, sugarcane area up

 

ECONOMIC TIMES

[I]  New rules to ensure your broker doesn't cheat you out of your hard-earned money

Govt: No provision of vacation for NCLT, NCLAT

[I]  Just 6 tonnes of 22,000 tonnes of gold unlocked via GMS so far

[I]  RBI's currency market intervention hits 18-month high in April

[I]  Reinsurers may get to invest in overseas sovereign bonds

[I]  Donald Trump accuses India of charging 100 per cent tariff on some imports

[I]  India May inflation likely hit a 4-month high on oil price surge

[I]  CEOs expect FY19 GDP to grow more than 7%: CII poll

[I]  Don't see more banks coming under RBI corrective action: Official

[I]  2.9 lakh CSCs to become banking and IRCTC agents: Ravi Shankar Prasad

[I]  Govt forms new committee to bring more transparency in employment related data releases

[I]  National Skill Development Corporation gets international recognition

 

BUSINESS STANDARD

[I]  Reserve Bank of India to tighten norms for working capital limits

[I]  For loss-making companies, 2017-18 was the worst year in a decade

[I]  Authority's orders favour firms for anti-profiteering in times of GST

[I]  FinMin extends due date for debt ETF bids from advisers till July 2

[I]  Delay in Kharif sowing likely as monsoon might weaken over next one week

[I]  Government to ensure coal availability to power plants: Piyush Goyal

[I]  Finding solutions to trade disputes a priority for Prabhu on US visit

[I]  PSBs may see Rs 180-200 billion mark-to-market losses in Q1FY19

[I]  Banks to face bigger challenges than NPAs in the coming years, says SBI

[I]  RBI issues draft norms to modify loan system for large borrowers

 

MARKETS (8:30 am)

[I]  SGX NIFTY Fut: 10785;  USDINR DGCX: 67.6325;  DJIA Mini: 25356;  FTSE 100 Fut: 7748;  NIKKEI 225 Fut: 22867;  EUR-USD: 1.1771; Crude Oil (WTI): 66.18;  Gold (Spot): 1298          

Best Regards, ARBIND

12 Jun 2018