WISH THIS WEEKEND WE EMBRACE WITH SPIRITUAL HAPPINESS OF LIVING EVERY MINUTE WITH LOVE GRACE AND GRATITUDE

Macro Economic News 23 Jun 2018

 

The European Central Bank is expecting to plow at least 160 billion euros ($185 billion) of maturing debt back into bonds next year and could consider relaxing the rules on buying, according to euro-area officials familiar with the matter. Such prospects would reduce the risk of market volatility that could undermine the economy after the ECB completes net asset purchases at the end of the year.

 

FINANCIAL TIMES

[I]  Saudi Arabia strikes deal to raise Opec production

[I]  China to make ecommerce groups accountable for fake goods

[I]  Confusion at US border towns as children keep arriving

[I]  Trump threatens 20% tariff on EU car imports

[I]  Debt relief deal gives Greece hope after years of austerity

[I]  Chinese border town awaits North Korea trade thaw

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

[I]  End of Equitable Life brings little comfort to many investors

 

REUTERS

[I]  Fast-tracked environmental approvals alarm activists

[I]  OPEC agrees modest hike in oil supply after Saudi and Iran compromise

[I]  Pentagon indefinitely suspends some training exercises with South Korea

[I]  Pentagon indefinitely suspends some training exercises with South Korea

[I]  Trump urges Republican lawmakers to drop immigration bill until election

[I]  Identifying U.S. troops returned from N. Korea may be challenging - experts

[I]  Investors turn up pressure on British firms in 2018 AGM season

[I]  Trump greets EU trade reprisals with threat of steep auto tariff

[I]  Euro zone banks to repay only a fraction of ultra-cheap ECB cash

[I]  Weak monsoon delays cotton, soybean sowing in India

 

BLOOMBERG 

[I]  Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air

[I]  IRS Ruling on U.S. Credit Is an Unexpected Gift to Solar Developers

[I]  Corporate Bond Spreads Jump to 16-Month High

[I]  Peso Pushes Investors to Cover Their Shorts in the Biggest Mexico ETF

[I]  How OPEC Is Holding Its Oil Output Curbs in Place

[I]  The 12 Global Economic Indicators to Watch

[I]  U.S. IPOs Set for Busiest Week in Three Years

[I]  Bitcoin Approaches Year Low as Japan Cracks Down on Venues

[I]  Russia Joins in on Retaliation Threats for U.S. Tariffs

[I]  The Big Bang Made London. Brexit Could Undo It

[I]  Baffled by OPEC, Hedge Funds Leave Oil Bets Up in the Air

 

WALL STREET JOURNAL

[I]  Trump Threatens 20% Tariff on European Cars

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

[I]  A Generation of Americans Is Entering Old Age the Least Prepared in Decades

[I]  Retiring Baby Boomers Strain Entitlement Programs

[I]  Eurozone Business Activity Picks Up

[I]  Conference Board’s Leading Economic Index Rises

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

[I]  Cummins Will Pay Tariff to Import Engines From Its Own Plants in China

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

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

 

BUSINESS LINE

[I]  After GST, big is bountiful at Diamond City

[I]  Govt wins pvt doctors’ support for Ayushman scheme

[I]  e-Way bill generation touches 10-crore mark

[I]  With eye on $5-trillion club, PM throws ‘growth challenge’

[I]  Insolvency resolution professionals who quit a case midway may be debarred for 5 years

[I]  Pause in monsoon slows down kharif sowing

[I]  Realty sector’s growing debt trap likely to lead to repayment crisis

[I]  Economists divided on RBI’s next rate hike

 

ECONOMIC TIMES

[I]  Opec agrees on output hike of 1 million bpd

[I]  ECB bond change pulls the rug from the long end

[I]  Dark clouds over monsoon

[I]  Summer planting see a drop

[I]  Retaliatory tariff on steel imports to include tin plate, stainless steel hot rolled products

[I]  India trying to resolve trade disputes with many nations: Suresh Prabhu

[I]  GST fails its biggest promise of economy formalisation: HSBC

[I]  Here’s a lifeline for India's often neglected home buyers

[I]  Government to scrap subsidy for private electric cars

[I]  Anti-profiteering body questions FMCG, pharma firms on GST prices

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

 

BUSINESS STANDARD

[I]  Google plans global e-commerce debut from India market

[I]  Indian oil companies to gain from higher Opec output

[I]  Infrastructure needs make India hot spot for development banks

[I]  Asian Infrastructure Investment Bank annual meet to focus on collaborations

[I]  Banks are not providing adequate foreign exchange at market rates to SMEs

[I]  Kharif sowing 9.7% lower as monsoon delayed over Central, North India

Best Regards, ARBIND

23 Jun 2018

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