WISHING THIS WEEKEND YOU REDEEM, REGENERATE AND RECONCILE WITH YOURSELF

Macro Economic News 24 Feb 2018

 

The coming week major economies would release Brazil, India, Canada, Hong Kong and the US would release its quarterly GDP data which along with PMI data will setup the tone of monetary policies for growth, labour market and inflation. Central bankers saying, it still sees equity prices as elevated despite the market selloff in early February, but also noted that overall vulnerabilities in the financial system remain moderate on balance. While worker wages have increased, the Central Bank remains unconvinced that long-term inflation is about to damage the economy. Yes, incoming inflation data has been picking up, though it remains below annual target.

 

FINANCIAL TIMES

[I]  Hate speech, atrocities and fake news: the crisis in Myanmar

[I]  Chinese football tax ends world-beating transfer boom

[I]  US regulators block China semiconductor deal

[I]  Fed plays down worries of US labour shortages

[I]  Merkel plan to link EU money to migration policy hits opposition

[I]  China conglomerates suffer different fates in Beijing crackdown

[I]  Britain’s universities are assets, not a problem to be solved

 

REUTERS

[I]  RBI instructs banks to link core systems with SWIFT

[I]  U.N. Security Council delays vote on Syria ceasefire resolution

[I]  Indian exchanges cut ties to foreign bourses after government nod - sources

[I]  With rates low, Fed officials fret over next U.S. recession

[I]  China's January property prices rise 5 percent year-on-year: statistics bureau

[I]  U.S. to discuss trade disputes with China economic official next week

[I]  U.S. tells India to cut import tariffs as trade friction heats up

[I]  With rates low, Fed officials fret over next U.S. recession

[I]  Global Economy: Central bank tap-turning risks parching the recovery

 

BLOOMBERG 

[I]  Europe to Wind Down Latvian Bank Targeted by U.S. Over Sanctions

[I]  China Home Prices Rise in Fewer Cities as Cooling Measures Bite

[I]  New Jersey's Highest-in-the-U.S. Property Taxes Are Rising Again

[I]  Canada Inflation Stronger Than Expected as Price Pressures Grow

[I]  Japan May Not Dominate the Olympics, But in ETFs It Takes Gold

[I]  The Best Ways to Hedge the Risk of an Italian Election Upset

[I]  What Stock Slump? Central Bankers Eyeing Tighter Monetary Policy

 

BUSINESS LINE

[I]  US toughens H-1B visa programme; new policy may hurt Indian IT firms

[I]  Nasscom asks IT firms to login on re-skilling platform

[I]  Online marketplace for spot selling of sugar launched

[I]  India invites Saudi Arabia to invest in oil, gas sector

[I]  Does the govt have a vested interest in owning banks?

[I]  Private labels pushing e-commerce firms to profitability

[I]  ‘Privatisation of banking system ideal for the modern economy’

 

ECONOMIC TIMES

[I]  Forex reserves up by $1.96 billion to $421.72 billion

[I]  Bank fraud adds to rupee's woes as lenders may curb trade credit

[I]  Will India let foreigners buy more bonds?

[I]  Global entrepreneurs and thought leaders on taking India to a $10T economy by 2030

[I]  Negotiators asked to redouble efforts to finalise India-Canada eco pact: Narendra Modi

[I]  India-Canada trade likely to double in three years: PHD Chamber of Commerce

[I]  India-US trade feud reaches critical turn, casts shadow on newfound bonhomie

[I]  Cabbies,CAs, doctors, lawyers, delivery persons may be added to government job data

[I]  For sustainable economic recovery, India must use behavioural metrics that promote productivity

[I]  These factors will put India on the road to faster growth

[I]  Five reforms PM Narendra Modi can consider

 

BUSINESS STANDARD

[I]  Cash with public at 98% of pre-note ban levels, says RBI

[I]  GST has not affected prices, but increased compliance: KPMG survey

[I]  RBI announces ombudsman scheme to address complaints against NBFCs

[I]  The art of buying: How has market fared over the past year?

[I]  EPFO's investment in corporate debt to reduce to 20%

 

Best Regards, ARBIND

24 Feb 2018

WISHING A SUPERIOR DAY OF CONNECTING WITH YOURSELF

Macro Economic News 23 Feb 2018

 

Japan and Singapore are expected to report inflation was little changed last month in a light day for Asia data wise. Europe's highlights include German final fourth quarter GDP. European Union leaders also hold an informal summit in Brussels to discuss the composition of the European Parliament, the election for top EU jobs and the bloc’s next budget.

 

FINANCIAL TIMES

[I]  Rising tide of debt to hit rich countries’ budgets, warns OECD

[I]  Equity volatility upsurge puts real interest rates in focus

[I]  Romania corruption battle exposes the limits of EU’s influence

[I]  UK bid to agree Brexit line faces EU scepticism  

[I]  Fed policymaker Randal Quarles hails buoyant US economy

[I]  EU turns screw on Myanmar and Cambodia over rights abuses

 

REUTERS

[I]  Train shortage, power demand to drive resurgence in India's coal imports

[I]  States refile lawsuits to block repeal of U.S. net neutrality

[I]  Japan's inflation steady in Jan, keeps BOJ exit from stimulus distant

[I]  Exclusive: Cuban draft rules propose curtailing fledgling private sector

[I]  UK economy lags behind G7 after 2017 growth rate cut

[I]  Fed policymakers show rising confidence on inflation, economic outlook - minutes

[I]  High-risk euro bank bonds find buyers as crisis memories fade

 

BLOOMBERG 

[I]  Wall Street May Be Rethinking Its Relationship With Guns

[I]  White House Meetings Are Being Planned on Clash Over Ethanol, Sources Say

[I]  Hedge Fund Boss Bets on Japan's Pro Gaming Scene

[I]  Ghana Risks the Anger of 800,000 Cocoa Farmers

[I]  Volatility's Return Is Making a Haven of Asia's Emerging Markets

[I]  Hedge Fund Investors Plan to Chase Returns in Emerging Markets

[I]  Asian Stocks Rise as Traders Weather Higher Yields: Markets Wrap

[I]  Brighter U.S. Growth Outlook Emboldens Fed on Rate-Hike Course

[I]  China Plans Party Huddle With PBOC, Policy Jobs in Play

[I]  Year of the Dog's Strong Start Bodes Well for Chinese Stocks

[I]  Japanese Companies Are Rushing to Sell Longer Dated Bonds

[I]  Japan's Equity Faithful Want Foreigners to Spur Market Rally

[I]  Central Asia’s Most Populous Country Plans First Eurobond Sale

 

BUSINESS LINE

[I]  US, EU, Canada see red on India raising pulses tariff

[I]  India’s corruption ranking slips two places to 81 in 2017

[I]  For these start-ups, customers purchase and fund, too

[I]  Centre to begin search for new Chief Statistician

[I]  First tranche of electoral bonds on sale from March 1

[I]  India notifies revised pact on tax avoidance with Kenya

[I]  Promoters can now sell 2% stake to comply with shareholding norm

[I]  Centre has no immediate plans to merge MTNL and BSNL: Manoj Sinha

[I]  Spotlight on weak governance, poor risk management at PSBs

 

ECONOMIC TIMES

[I]  India to emerge as model for the world: Niti Aayog

[I]  Asset quality of microfinance institutions improves: Crisil

[I]  Global markets fret over next leg of the treasury selloff

[I]  Philanthropy: Gen Next in focus to drive charity

[I]  Tea Board for preferential trade pact between India, China

[I]  Agriculture ministry plans norms to fast-track insurance cover

[I]  MSP hike not best way to boost farmers’ income: USDA Chief

[I]  Fiscal consolidation: Finance Commission invites suggestions from stakeholders by June 30

[I]  Amitabh Kant bats for early ratification of India-EU FTA

[I]  India more corrupt than China, better than Pak: Transparency

[I]  Govt tightens norms for removal of independent directors

 

BUSINESS STANDARD

[I]  Canadian PM Justin Trudeau pitches for closer economic ties with India

[I]  Insurance companies flag risks in states' trust model

[I]  Sebi may tighten AIF regulations to better monitor the source of funding

[I]  PNB, others argue over RBI rules on credit facilities for import of pearls

[I]  Goldman cuts price targets for public sector banks

[I]  Strangling digital payments: RBI's e-wallet KYC norms are too restrictive

[I]  Move to gold amid selloff in Indian equity markets, says WGC

[I]  Sebi plans safeguards for overseas investors taking private bank route

[I]  India's 10-year bond yields hit two-year high on hawkish RBI minutes

[I]  Recent rise in bond yields could spoil growth party for retail NBFCs

[I]  India worst regional offender of press freedom in Asia Pacific: Report

 

MARKETS (08:00 am)

[I]  SGX NIFTY Fut: 10409;  USDINR DGCX: 65.0075;  DJIA Mini: 25075;  FTSE 100 Fut: 7225;  NIKKEI 225 Fut: 21805;  EUR-USD: 1.2318; Crude Oil (WTI): 62.88;  Gold (Spot): 1332

Best Regards, ARBIND

23 Feb 2018