12 February 2015



Today’s Issue Cluster: Pipelines

UK – Poll predicts Labour wipeout in Scotland
DN – Growth of balance sheet approaching Switerland’s
Space – Many satellites well past their prime


MAJOR DATA POINTS

EZ – Dec: Industrial Production Stalled; unch, -0.2% yr / WSJ *

US – Jan: Retail sales weak; +0.1% from -0.3% / R / cr *

US – Dec: Business inventories rose slower than expected; +0.1% from +0.8% / R *

US – Week: Jobless Claims Rise; +25k to 304k / WSJ / R / cr *


MARKETS

Currencies – Return of investors stalls weak euro trend FT * * *

Currencies – Saxo Bank Takes Hard Line on Clients’ Swiss Franc Losses WSJ *

Currencies – Original sin stalks vulnerable EMs as US dollar surges ft *

Currencies – Real has lost a tenth of its value against the dollar FT *

Currencies – As The Rupee Stands Tall, India Fears Losing the Devaluation Game wsj *

Currencies – What’s driving the Canadian peso? ft *

Currencies – Turkish Lira Sinks to New Low WSJ *

Currencies – US bill would tax ‘manipulators’ FT * *

Currencies – Hedge Funds Get Big Payoff WSJ * *


ECONOMICS

World – Developing economies: Taking a load off FT * *

World – Rapidly leveraging up / wapo *


POLITICS & FISCAL POLICY

UK – Poll predicts Labour wipeout in Scotland FT * *

UK – Scotland: Breaking up the estates FT * *


MONETARY POLICY

ECB – Breathes sigh of relief over QE FT * * *

ECB – Benefit of Bond Buying: Fiscal Breathing Room WSJ *

ECB – Germany Stands To Be Big Winner of Much-Opposed Stimulus WSJ / t * *

BOE – Signals Interest Rate Rise WSJ / FT / NYT

SR – Riksbank cuts rates to negative FT / WSJ / AP / B

DN – Growth of balance sheet approaching Switerland’s b *

DN – Denmark fiercely defends currency peg FT / WSJ *


FINANCE

EU – Risks in eurozone banks’ government links FT *

EU – Banks engineer lower-cost risk capital FT * *


REAL ESTATE

Spain – Top Cities Show Signs of Housing Recovery WSJ

Spain – Recovery Has Investors Stocking Up on Malls WSJ *


SERVICES



MANUFACTURING

Space – Many satellites well past their prime e *

Space – ISRO tests its heaviest space launch vehicle, eyes global market R *


TECH



TRADE & TRANSPORTATION

Pipeline – House Passes Keystone Bill WSJ / AP / NYT

Pipeline – EPA Says Keystone Could Spur Emissions NYT / WSJ / R / CBC

Pipeline – Refiners say Keystone is route to independence FT * *

Pipeline – Think twice on cross-border projects, CEO warns FP / r * *

Pipeline – No Keystone, No Problem for Canadian Oil Seeking Ports B

Pipeline – Eastern Canadian LNG export plans face supply quandary R *


COMMODITIES



ENERGY & ENVIRONMENT

Oil – US shale boom masks declining global supply FT

Oil – Drilling Slows as Crude Price Drops WSJ / B / b * * * *


LABOR & EDUCATION

EU – Companies dig deeper to fill pension holes FT * * *


HEALTH

Stocks – M&A helps lift US healthcare stocks FT * *

Stocks – Health-Care Avoids Market Malaise WSJ *


ENDNOTE

Atlantic City Streets in Monopoly reddit *

London Streets in UK Monopoly reddit *

Oslo Streets in Norwegian Monopoly reddit *


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