10 November 2014



Today’s Issue Cluster: US Labor

Ukraine – Ruble Drags Down Companies That Lean on Russian Business
Fed – Axis of Opposition Shifts from Hawks to Doves
NatGas – New Russia-China Deal Could Further Hit Prices


MAJOR DATA POINTS

China – Oct: CPI steady; 1.6% from 1.6% / R / WSJ / X *

China – Oct: PPI Declines for Record 32nd Straight Month; -2.2% from -1.8% / B / X *

China – Oct: Export Growth Slowed; +11.6% from +15.3% / WSJ / R / AP *


MARKETS



ECONOMICS

EU – Germany: Reunification Came With a Big Price Tag WSJ / FT / e * * *

EU – Germany: The invisible Berlin Wall wapo *

EU – Germany: Auto Makers Drive Leipzig’s Economic Revival WSJ *

EU – France: Hollande’s Budget Cuts Force Mayors to Adjust WSJ *

EU – Italy: Has ‘atomic bomb’ to revive economy, says Renzi aide FT * *

EU – UK: Pessimism six months before the general election FT * * *


POLITICS & FISCAL POLICY

Ukraine – Donetsk Suffers Escalation of Violence WSJ / FT / R

Ukraine – Ruble Recovers on Central Bank Move WSJ / FT *

Ukraine – Russians buy dollars, hoard cash R

Ukraine – Ruble Drags Down Companies That Lean on Russian Business B *

Ukraine – Plunging rouble raises spectre of fresh financial crisis FT / FT / FT / FT * *

Ukraine – CBR wanted a weaker rouble, it did not want freefall FT *

Ukraine – Putin’s defence of Soviet-Nazi pact ramps up security tensions FT

Ukraine – Gorbachev warns ‘world on brink of new Cold War’ AFP / AP

Ukraine – US Businesses Face Tit-for-Tat Response to Sanctions NYT


MONETARY POLICY

Fed – Release of payrolls data puts US rate debate in spotlight WSJ / FT *

Fed – Inflation Undershoots 2% Target for 29th Consecutive Month wsj *

Fed – Axis of Opposition Shifts from Hawks to Doves wsj R

Fed – Mollifies its hawks but now its doves are fretting E *

Fed – QE, who needs ya? No, don’t answer that ft *

Fed – To Markets: Brace for Volatility WSJ


FINANCE



REAL ESTATE



SERVICES

Streaming – Netflix wants Comcast genie back in ‘fast lane’ bottle FT * * *

Streaming – Comcast: Broadband battleground FT *



MANUFACTURING



TECH

Internet – Obama Urges Strict Rules on Net Neutrality WSJ / NYT / FT / B / R / AP


TRADE & TRANSPORTATION

FTAAP – China, US Parry Over Trade Pacts WSJ / FT / AFP / R / AP / AFP / WSJ *

TPP – Deal is close, leaders say G&M / R / AP / WSJ / FT

TPP – Obama pressed to include currency in Pacific trade deal FT


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – Rallies on Cold Weather Forecast WSJ / FT *

NatGas – New Russia-China Deal Could Further Hit Prices WSJ / FT / B *

NatGas – Cheap Oil Burns Global Gas WSJ *


LABOR & EDUCATION

US – Solid Job Gains Belie Economic Unease WSJ *

US – Unemployment Fell Because More Jobless Found Jobs WSJ * * * * *

US – The October Jobs Report in Charts wsj * * ** * *

US – The coulda-been-better report in two charts q * *

US – Clear Evidence of Wage Growth Still Elusive wsj * * *

US – Could Falling Unemployment Finally Spark Wage Growth? wsj *

US – Wage and salary growth inching up, still very slowly ft / WSJ *

US – Manufacturing Wages Rise Fast in Some Areas WSJ *

US – Economists Believe Jobless Rate Will Be Lower for 2016 wsj *

US – Federal Government Now Employs Fewest People Since 1966 wsj * * *

US – Odds of Getting Laid Off Have Never Been Lower wsj * *

US – Illinois and Nevada have largest declines in unemployment BLS *


HEALTH



ENDNOTE

You Need Grad School to Understand Some Fed Policy Statements wsj *


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