US
Politics
The US President has made a U-turn during the second call to President Xi and had emphasised to strengthen the mutually beneficial cooperation on trade & economy while agreeing to honour the 'One-China' policy. The President however seems to be still on the campaign trail while lambasting the media.
Economy:
The US economy kept on adding more and more jobs in Jan but the wider economy growing at a moderate pace while inflation is at 1.6% nearing the set target of 2%. Also, awaiting word on the new President's tax plan.
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China
Politics
As if a reciprocation of Trump's friendly call, China has banned all coal imports from North Korea. For the latter, it accounts more than half of it's exports to China and a fifth of its total trade. The Chinese move comes as it's neighbour acting more independently and the latest assassination of Kim's half-brother is the last straw.
Economy:
In an unprecedented move, the Supreme Court of China has blacklisted about 7mn bank defaulters and restricted them from using flights, bullet trains, book hotels, applying loan & credit cards or getting promoted.
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India
Politics
On the domestic front, the current state elections have overshadowed most of the central govt's energies as it mandates the demonetisation adventure and define the future of the GST implementation in the next FY.
Economy:
The govt. is charting a clear strategy to steamroll the disinvestment activity by initiating the process of listing three railsPSUs viz., IRCTC, IRFC and IRCON, esp after the bumper listing of CPSE ETF.
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France
Politics
The tremors of a possible win for the France's far-right are now aggravated by the shockwaves by the seeming cooperation between far-left and left. A win by either party is a fillip to anti-globalisation movement across the EU.
Economy:
Despite the IMF's belief that Greece deserves relief, the European lenders aren't convinced with debt at 180% of its GDP, thought the govt. achieved primary fiscal balance, repayment seems impossible at all.
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