To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06142016.pdf FACTORS TO WATCH 10:00 am: Road Transport Minister Nitin Gadkari to speak at a seminar in New Delhi.
12:00 pm: Government to release May wholesale price inflation data in New Delhi.
LIVECHAT - FOMC PREVIEW with Sean Maloney, Chief Economist and Strategist, Finconomics The Fed seems to be in a catch-22 situation. Yellen and co. have been favouring normalisation of rates, but recent data hasn't been supportive of a hike. What do we need to watch for in the June FOMC meeting? And is July still "live"? Sean will break it down for us at 10:00 IST. To join the conversation, click on the link: https://forms.thomsonreuters.com/communities/ INDIA TOP NEWS India's May retail inflation hits near 2-yr high on surging food prices India's annual consumer price inflation accelerated to a near two-year high of 5.76 percent in May, driven by surging prices of food products such as pulses and sugar, which could dampen hopes of a rate cut at least during the next monetary policy review in August.
RBI eases stressed asset restructuring rules The Reserve Bank of India relaxed guidelines on Monday for lenders restructuring large stressed loans, in a move that could allow banks to more effectively manage bad loans.
GLOBAL TOP NEWS Orlando gunman likely 'radicalized' through internet, U.S. says U.S. authorities said on Monday they had found no direct links between Islamic State militants and the gunman who killed 49 people at a gay nightclub in Orlando, describing him as a homegrown extremist who was inspired by radical Islamist groups.
Microsoft to buy LinkedIn for $26.2 billion in its largest deal Microsoft Corp will buy LinkedIn Corp for $26.2 billion in its biggest-ever deal, a bold stroke by Microsoft CEO Satya Nadella in his efforts to make the venerable software company a major force in next-generation computing.
After Florida shooting, Trump hardens stance on Muslims Republican Donald Trump on Monday placed responsibility for a mass shooting in Florida squarely at the feet of radical Muslims, who he said were entering the country amidst a flood of refugees and "trying to take over our children." LOCAL MARKETS OUTLOOK (As reported by NewsRise) The SGX Nifty Futures was trading at 8,108.00, down 0.26 pct from its previous close The Indian rupee is poised to open slightly higher against the U.S. dollar, tracking modest gains in most Asian currencies, as caution ahead of the Federal Reserve's two-day policy meeting muted demand for the greenback. However, tepid risk appetite amid concerns that Britain may exit the European Union this month will likely limit gains, dealers said. - NewsRise Indian government bonds are expected to fall in early trade as chances of a near-term rate cut receded after the nation's retail inflation, the central bank's main price gauge, rose at the fastest pace of annual expansion in almost two years. The yield on the benchmark 7.59 pct bond maturing in 2026 is likely to trade in a 7.50 pct-7.55 pct band today, a dealer with a state-run bank said. - NewsRise GLOBAL MARKETS Wall Street stumbled for a third straight session on Monday as tech stalwarts Microsoft and Apple dragged on indexes and investors braced for major economic and political events in the United States and Europe.