10 March 2014



Today’s Issue Cluster: US Labor



DATA POINTS

China – Feb: Exports Unexpectedly Fell; -18.1% from +10.6% / WSJ / R / FT / AP / B *

China – Feb: Inflation Slows to 13-Month Low; +2.0% / B / R / WSJ / AP *

China – Feb: Total Credit Growth Slows; +Y0.9t from +Y2.6t / WSJ *

China – Jan/Feb: Auto Sales Gain in Start of Year; +10.7% / WSJ

India – Feb: Car Sales Rise; +1.4% / WSJ

Japan – Q4: Economy Expands Less Than Initially Estimated; +0.7% was +1.0% / B / WSJ / K

Japan – Jan: Current account deficit rises; -Y1.5t (-$15b) / K / AP

France – Jan: Industrial Output Drops; -0.2% / B / WSJ / q * *

Canada – Feb: Housing starts inch higher to 192,236 from 191,513 / CBC / G&M / R *


MARKETS

Currencies – China Weakens Yuan by Largest Degree Since 2012 WSJ / FT / WSJ

Currencies – Asia’s rollercoaster creates winners and losers FT *

Currencies – Australian Exporters Reap Boon WSJ


ECONOMICS

EU – Why Euro-Zone Chiefs Buck the Trend WSJ *


POLITICS & FISCAL POLICY

Ukraine – Moscow Tightens Squeeze Over Energy WSJ / npr * *

Ukraine – Bargain hunters move into Russia FT *

Ukraine – Russia Can’t Afford Another Cold War NYT / FT / WSJ / B / NYT / NYT * *


MONETARY POLICY

World – Forward guidance threatens to ‘encourage excessive risk’ FT / B / ft * * *


FINANCE

EU – Forex probes set to dwarf Libor cases FT *


REAL ESTATE

US – Surging Home Prices Are a Double-Edged Sword WSJ *

US – New-Home Building Is Shifting to Apartments WSJ *

US – Mess in the West: Home Sales Index Hits 7-Year Low wsj *

US – Zillow: Negative Equity declines further in Q4 2013 cr *

US – CoreLogic: 4m Residential Properties Returned to Positive Equity in 2013 cr *

US – New homes are 1,000 square feet larger than in 1973 cd * *


SERVICES

F&B – Fyffes and Chiquita merge to create top banana company FT / WSJ / AP / B / NYT / q * *

F&B – Banana fungus getting closer to Latin America q * * *


MANUFACTURING

Planes – Boeing to Inspect Wings of Undelivered Dreamliners for Cracks WSJ / R / NYT / AP / B

Paper – Industry Finds New Life WSJ / IBD


TECH

3-D Printing – Beware! Bn * *


TRADE & TRANSPORTATION

Pipeline – Canadian Regulators Approve Enbridge Reversal WSJ / NYT / FP *


COMMODITIES

Dairy – Asian Demand for Milk Shakes Up Market WSJ *


ENERGY & ENVIRONMENT

NatGas – Obama urged to ‘send a message’ to Putin with US energy exports FT / WSJ

NatGas – To Beat Coal as Australia Export B *


LABOR & EDUCATION

US – Jobs Rebound Eases Fears of Spring Stall WSJ / NYT / WSJ * * * *

US – Job growth eases pressure on Fed FT / WSJ / wsj / R / nyt

US – February Employment Report / cr / cr * *

US – Two Charts / q * *

US – Job Loss Numbers Are Heartening, but Hiring Remains Slow NYT * *

US – All New Low-Wage Jobs In 2013 Had Sub-30-Hour Weeks IBD *

US – Incomplete Recovery for Working-Age Men nyt *

US – Labor Force Participation for 55+ Back to 1960s / b *

US – ‘Boomer bulge’ hits employment data FT

US – College Grads Taking Low-Wage Jobs Displace Less Educated B

US – The union movement misses a big opportunity to halt its decline E / B * *


HEALTH

Pharma – Scouts Seek New Star Drugs for Cancer, Diabetes WSJ * *


ENDNOTES

Fed Laughter and Housing Prices elliott *


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