1 May 2015



Today’s Issue Cluster: Carbon

Russia – ‘Don’t mistake a stronger ruble for economic recovery’
Rail – Oil: Tank-Car Rule to Require Electronic Train Brakes
H5N2 – Bird flu outbreak could set US record with ‘probable’ cases in Iowa


MAJOR DATA POINTS

Japan – Mar: Inflation edges up but slowdown seen; +0.2% / WSJ / R / FT

China – Apr: Official Manufacturing PMI Holds Steady; 50.1 from 50.1 / WSJ / R / b *

US – Apr: ISM manufacturing growth holds at low level; 51.5 from 51.5 / R / cr *

US – Apr: Markit factory activity growth slows; 54.1 from 55.7 / R

US – Apr: UMich consumer sentiment rises; 95.9 from 93.0 / AP

US – Mar: Construction spending hits six-month low; -0.6% from flat / R / AP


MARKETS



ECONOMICS

Greece – Struggles to make payments to more than 2m pensioners FT

Greece – Tsipras warns of referendum if talks on bailout deal fail FT / R / FT

Greece – Ministers Contemplate ‘Plan B’ WSJ / R / B / WSJ

Greece – ECB Tightens Flow of Money to Banks NYT / WSJ

Greece – Balkan countries’ bank exposure on the decline R *


POLITICS & FISCAL POLICY

Russia – Cuts key interest rate as ruble rallies FT / WSJ / AP / B / AFP *

Russia – ‘Don’t mistake a stronger ruble for economic recovery’ E *

Russia – Assets Regain Appeal for Investors WSJ *

Russia – Beloved Borscht Reveals Reality of Inflation WSJ *

Russia – Baltic Neighbors Gird Up WSJ * *


MONETARY POLICY

ECB – German bonds measure success of eurozone QE FT / FT / B / b * *

ECB – Economists expect QE to stop in September 2016 / b *


FINANCE

EU – Stagnation, fines and regulation leave banks struggling FT

EU – Credit Squeeze Ending WSJ *


REAL ESTATE

EU – In Real-Estate Tech Firms, Europe Plays Catchup With US WSJ


LABOR & EDUCATION

EU – National interests collide over future of migrants FT * * * *

EU – ‘Path to Deadly Partition’ S *

EU – 2014 labor market data for regions / eu *


SERVICES



MANUFACTURING



TECH

EU – To probe popular US sites over data use and search FT / FT

EU – Considers Powerful Regulator to Oversee Web Platforms WSJ / FT / WSJ / wsj / wsj

EU – Ebay backs Google over Brussels inquiry FT / R / FT


TRADE & TRANSPORTATION

Rail – Oil: Tank-Car Rule to Require Electronic Train Brakes WSJ / G&M

Rail – Oil: Regulators Urge Changes to Improve Safety WSJ

Rail – Oil: Fee proposed on cars that haul flammables AP

Rail – Oil: Demand For Key Types of Cars Falls Amid Declining Output WSJ


COMMODITIES

Crops – Debate About Insurance Heightens WSJ *

Crops – Studies strengthen insecticide link to bee population decline FT / NYT

Crops – US corn imports surge as shoppers go organic / b *


ENERGY & ENVIRONMENT

Carbon – EU market reforms back on the table FT

Carbon – Olam chief calls for pricing in order to control emissions FT

Carbon – ‘Efforts to overhaul Europe’s market are glimmer of hope’ WSJ *

Carbon – China to surpass US as top emitter R *

Carbon – ‘Georgia Pivot Shows the Way on Climate Regs’ B * *


HEALTH

H5N2 – Bird flu outbreak could set US record with ‘probable’ cases in Iowa R

H5N2 – Bird flu can now be found all over the US r *


ENDNOTE

Tulips account for half the area of bulb fields in the Netherlands nl *


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