MACRO ECONOMIC NEWS

WISHING THE WEEK BE FULFILMENT OF DRIZZLING DESIRES

Macro Economic News 18 Jun 2018

 

Global trade wars are back and this time scarier than before with India also part of it. OPEC and other exporters including Russia appear poised to ease voluntary production limits. In the week ahead, the U.S. will see data on housing starts and home sales, while Brazil’s central bank makes an interest-rate decision and manufacturing numbers from Europe.

 

FINANCIAL TIMES

[I]  Merkel seeks EU crisis talks as migration rocks Berlin coalition

[I]  South Korea embarks on war games over disputed islets

[I]  US banks poised for $170bn in shareholder payouts

[I]  Cryptocurrency hedge funds see returns plunge in volatile times

[I]  Crunch time nears for highly leveraged US companies

[I]  Trump immigration policy hit by cross-party criticism

[I]  France upbeat on talks with Germany over eurozone budget

[I]  Argentina’s Treasury minister defends IMF bailout

[I]  Wall St banks sign up to new platform to underpin bond revenues

[I]  Germany’s political crisis is about the future of Europe

 

REUTERS

[I]  Airlines spread wings to escape airfare war at home

[I]  Afghan Taliban say Eid ceasefire proved 'wide national support'

[I]  Greece, Macedonia sign pact to change ex-Yugoslav republic's name

[I]  Japan's exports accelerate in May, surplus with U.S. lowest since 2013

[I]  Dollar approaches seven-month high, trade tensions limit gains

[I]  Oil prices fall on expectation Russia, Saudi Arabia will raise output

[I]  UK economy to grow at slowest pace since 2009: BCC

[I]  The bigger cryptocurrencies get, the worse they perform - BIS

[I]  Trump tariffs a rounding error for U.S. economy so far, that may change

[I]  Euro zone inflation already at ECB target: Nowotny

 

BLOOMBERG 

[I]  Oil Slumps Below $65 as OPEC Clash Looms, Trade War Escalates

[I]  The Philippine Peso Needs a More Hawkish Central Bank

[I]  Japan’s Exports Continue Strength Amid Trade-War Anxiety

[I]  Argentine Peso Resumes Plunge After Central Bank Shakeup

[I]  The EU Is Emerging as the New Sheriff for Global Financial Markets

[I]  Dudley Foresees Need for Fed Rate Hikes to Slow the U.S. Economy

[I]  The Philippine Peso Needs a More Hawkish Central Bank

[I]  London House Prices Continue Their Descent

 

WALL STREET JOURNAL

[I]  Conflicting Forces Pull at Trump on Nafta

[I]  Oil’s Rally, Coupled With Strong Dollar, Causes Global Pain

[I]  As Shipping Costs Soar, Supply Chains Get a Makeover

[I]  China Delivers on Retaliatory Tariffs as Trade Feud Heats Up

[I]  U.S. Chip Makers Bristle at Trump Tariffs

[I]  China Warns U.S. Firms in China: Buckle Up

[I]  Behind the Scenes at G-7 Meetings, Allies Dismayed by Trump’s Jabs

[I]  Global Economy Week Ahead: U.S. Housing Starts, Brazil Rate Decision, Eurozone PMI

[I]  Bonuses Hit a Fresh High This Year. That May Not Be Great News for Workers

[I]  Bank of Japan Bucks Global Trend of Monetary Tightening

 

BUSINESS LINE

[I]  Delay in resolving insolvency cases has cost banks Rs. 25,000 cr

[I]  Desi airlines taking wings on international routes

[I]  DBT savings may touch Rs. 40,000 crore in FY19

[I]  Double-digit growth is the challenge now: PM

[I]  PM hints at more ‘important steps’ to achieve double-digit growth

 

ECONOMIC TIMES

[I]  At Niti meet, PM Modi asks states to help push growth

[I]  Trade wars don't matter, unless you think $2 trillion matters

[I]  Food Ministry not in favour of ethanol price increase

[I]  US pips India as top greenfield FDI investment destination: Report

[I]  Retail inflation to cool off in 2nd half of FY'19: Experts

[I]  Projects worth Rs 20,000 crore under implementation to boost ports capacity

[I]  'New India 2022' document will be ready in a month, says NITI Aayog

[I]  Need to collaborate with UK, Japan, Germany in artificial intelligence: Report

[I]  New Auto Policy likely to be finalised in 3 months

 

BUSINESS STANDARD

[I]  NITI Aayog meet: Centre firm on 2011 as base year for Finance Commission

[I]  P2P lending companies change tack in bid to become NBFCs

[I]  Banks Board Bureau recommends 22 names for EDs post in Public Sector Banks

[I]  Dealing with surplus: Higher farm production demands new policies

[I]  Digital payments: RBI's paper may push for participation of smaller players

 

MARKETS (8:00 am)

[I]  SGX NIFTY Fut: 10779;  USDINR DGCX: 68.2725;  DJIA Mini: 24990;  FTSE 100 Fut: 7570;  NIKKEI 225 Fut: 22643;  EUR-USD: 1.1586; Crude Oil (WTI): 63.78;  Gold (Spot): 1281          

Best Regards, ARBIND

18 Jun 2018