WISHING A WEEKEND TO CASUE MIRACLE FOR SOMEONE IN YOUR LIFE

Macro Economic News 10 Mar 2018                                 

 

This weekend brings good news. President Donald Trump agreeing to meet with North Korea’s along with South Korea and easing out the process for tariff exemption for friend nations, has reduced risk of war and trade war. Job creation is increasing across globe along with value of investment assets rising brings an extra reason to cherish.

 

FINANCIAL TIMES

[I]  US denies concession over Trump meeting with Kim

[I]  Oil cash set to boost Saudi Arabia’s sovereign wealth fund

[I]  EU body strikes back at cryptocurrency regulation

[I]  The unanswered questions over the attack on a Russian double agent

[I]  How a British botanist opened China to the west

[I]  US jobs surge gives green light to Fed rate rises

[I]  Italy’s League vows to defy EU on fiscal discipline

 

REUTERS

[I]  RBI turns up heat on banks after $2 billion loan fraud

[I]  Supreme Court upholds passive euthanasia, allows living wills in landmark judgment

[I]  Trump says Australia to secure exemption from U.S. tariffs

[I]  U.S. eases way to more tariff exemptions under pressure from allies

[I]  Trump steel tariffs may leave these U.S. steelworkers jobless

[I]  WTO says there is still time to discuss tariff move

[I]  India offers gold discounts as price fall propels buying elsewhere

[I]  U.S. economy creates 313,000 jobs in February; wage growth slows

[I]  EU industry steels itself for U.S. tariffs

 

BLOOMBERG 

[I]  Fears of Too Much Oil Bring Short-Selling Back

[I]  Trump Needs Unfamiliar Tools Like Patience for North Korea Talks

[I]  Venezuela Credit Rating Bottoms Out With $1.7 Billion Overdue

[I]  Turkey Finance Sector Targeted by North Korea Group, McAfee Says

[I]  Don't Be Too Relieved About Trump's Tariff Order

[I]  Central Banks Don’t Need to Shift to Move Markets: Economy Week

[I]  Bond Trading Tumbles in India as Banks Stare at $3 Billion Loss

[I]  Here's How Markets Are Reacting to Unprecedented Trump-Kim Talks

[I]  Nearing Term End, PBOC Chief Says China's Opening Can Be Bolder

[I]  China Consumer Prices Jump, Credit Slows on New Year Shutdown

[I]  China Warns of ‘Strong’ Measures to Counter Trump Trade Tariffs

 

BUSINESS LINE

[I]  France wants to build more submarines for Indian Navy

[I]  EU, Britain seek clarity on exemptions under new regime

[I]  India to wait for clarity on the order: Commerce Secretary

[I]  Risk factors to be considered by investors in 2018

[I]  Fiscal engineering is name of the game

[I]  Trump’s tariff game can dent economies

[I]  ‘Internet economy to surge to $500 billion by 2022’

[I]  NITI Aayog begins discussions on MSP model; comes out with 3 options

[I]  Weather over North-West in flux as westerlies gather pace

 

ECONOMIC TIMES

[I]  Forex reserves jump by $168 million to $421 billion

[I]  NITI Aayog to work on mechanism for MSP implementation

[I]  Govt had sought Rs 13,000 crore additional dividend from RBI: Finance ministry

[I]  Donald Trump threatens to impose "reciprocal tax" on India, China

[I]  India February inflation likely hit 4-month low but still above RBI target: Polls

[I]  Industry 4.0: Centre taking steps for smart manufacturing

[I]  Over 1.03 crore businesses registered under GST: Government

[I]  Crucial GST meet tomorrow: Here's what to expect

 

BUSINESS STANDARD

[I]  PNB fraud fallout: Loan disbursements to corporate India take a hit

[I]  SC upholds 'living will', allows passive euthanasia for the terminally ill

[I]  E-commerce companies' united fight against piracy is stronger than ever

[I]  NITI Aayog to finalise mechanism for MSP payment by March-end

[I]  Decline in defaults on credit given to women-led self-help groups

[I]  Time for a relook at the idea: Why not a per capita budget deficit

 

Best Regards, ARBIND

10 Mar 2018

GRATITUDE IS THE WAY OF LIFE. MIRACLE HAPPENS ALL THE TIME.

Macro Economic News 09 Mar 2018                                 

 

BOJ delivers a peaceful policy decision along the lines of “no change, but we stand ready to deliver more powerful easing to achieve our 2 percent inflation goal.” China inflation and Philippine trade data are also due to round out a week that has been a breathtaking roller coaster ride for many markets. Europe's session features German, French, Spanish and British industrial output as well as Norwegian CPI.

 

FINANCIAL TIMES

[I]  ECB drops pledge to buy more bonds if needed

[I]  US tariffs foreshadow tougher action on China

[I]  China warns of ‘necessary response’ to US trade war

[I]  Non-bank US mortgage lenders pose systemic risk, study says

[I]  Ireland warns tech groups over new EU data rules

[I]  Tusk says Brexit talks must solve ‘Ireland first’

[I]  Businesses turn to software robots for office work

[I]  Syriza is undermining democracy in Greece

 

REUTERS

[I]  Trump ready to meet North Korean leader Kim by May: South Korean official

[I]  Trump sets steel and aluminum tariffs, Mexico, Canada exempted

[I]  Asia-Pacific nations sign sweeping trade deal without U.S.

[I]  China steel body calls for government response to U.S. trade tariffs

[I]  US tariffs risk serious consequences, no 'all clear' yet: Bank of Canada

[I]  Brazil to seek exemption from U.S. trade tariffs, minister says

[I]  Indian cotton seed companies threaten supply halt over price cut

[I]  German industrial orders plunge in "horrible start" to year

[I]  EU snubs Britain's post-Brexit trade demands, offers banks no special deal

 

BLOOMBERG 

[I]  Draghi's Guidance Change Comes at an Awkward Time

[I]  Aging Oil Fields Defy Gravity to Pump More Crude

[I]  With Tariffs Official, Corporate America Argues They Don't Apply

[I]  Japan’s Economy Faces Headwinds After Topping 4Q Forecasts

[I]  ECB Unexpectedly Dials Back Stimulus Pledge as Economy Improves

[I]  China’s War on Pollution Will Change the World

[I]  How Japan’s Central Bank Is Driving Speculation About the Future of Stimulus

[I]  Malaysia Disagrees With IMF Over Currency Management, Once Again

[I]  China Looks to Claw Back $1.4 Trillion in Lost Tech Listings

[I]  First China Local Default Could Come This Year, Aberdeen Says

[I]  Super Rich Indians' Love of Stocks Dwarfs Rest of the World

[I]  Japanese Snap Up German, French Bonds While Shunning U.S. Debt

 

BUSINESS LINE

[I]  How vehicles will stay on govt’s radar on highways, and on GST e-way bill...

[I]  Direct tax mop-up increases 19.5% in April-Feb period

[I]  An impressive line-up for aviation enthusiasts

[I]  GST Council’s Saturday meet to sort out filing, E-Way Bill issues

[I]  Centre seeks Parliament’s nod for Rs. 60,500-cr GST compensation to States

[I]  India won’t hesitate to approach WTO if US imposes ‘selective’ steel, aluminium tariffs

[I]  Rajya Sabha presses for early passage of Women’s Reservation Bill

[I]  Govt wants to more than double village-level women entrepreneurs

[I]  Rs. 1.8-lakh cr cash trapped in balance sheets: EY

[I]  Post RBI audit of all banks, NPA divergences could rise, fears ICRA

[I]  Maharashtra economy seen slowing to 7.3% in 2017-18

[I]  India’s wealthy population in key $5-million category rises 21%

 

ECONOMIC TIMES

[I]  ECB drops easing bias, taking baby step towards stimulus exit

[I]  Government expecting "some more" dividend from RBI in March: Secretary

[I]  Government seeks Parliament nod to spend Rs 85,315 crore more this fiscal

[I]  Nearly 80% of Indian households now have access to LPG gas

[I]  Direct tax collections for April-Feb at Rs 7.44 lakh crore, up 19.5% on year

[I]  Mumbai is now the 16th most expensive city

[I]  Indian economy will have V-shaped recovery: Garg

[I]  Government eases norms for e-way bill generation

[I]  Landmark judgment: Guarantors’ assets cannot be liquidated under IBC

 

BUSINESS STANDARD

[I]  Investors upset as four banks recall Rs 109-bn additional tier 1 bonds

[I]  Indian carriers ready to splurge on new planes in booming aviation market

[I]  No double digit growth for Indian IT services firms for next 3 yrs: Report

[I]  Sales decline in US pushes drug makers to evaluate better options in Europe

[I]  PMO steps in to speed up GST refunds for exporters

[I]  Firms need to improve working capital needs, says EY study

[I]  India's road to becoming a $1-trn digital economy is full of roadblocks

[I]  Scrapping aged trucks and buses may lead to minimal sales push

[I]  Plug loopholes in alternative investment funds regulations: RBI to Sebi

[I]  ECB drops easing bias, taking baby step towards stimulus exit

[I]  German industrial orders plunge in "horrible start" to year

[I]  In real estate, it pays to put women on the board, shows study

 

MARKETS (06:45 am) 

[I]  SGX NIFTY Fut: 10292;  USDINR DGCX: 65.2625;  DJIA Mini: 24981;  FTSE 100 Fut: 7220;  NIKKEI 225 Fut: 21847;  EUR-USD: 1.2306; Crude Oil (WTI): 60.44;  Gold (Spot): 1318          

Best Regards, ARBIND

09 Mar 2018