12 February 2016



Today’s Issue Cluster: European Banks

Germany – DAX Needs More Than a Deutsche Bank Rebound
Autos – Hedge Funds Want to Make Subprime Loans Next Big Short
Gold – Resilient as This Year’s Best Commodity


MAJOR DATA POINTS

EZ – Q4: Economy remains sluggish; +0.3% from +0.3% / FT / NYT / WSJ *

EZ – Dec: Industrial production down; -1.0%, +1.1% yr / eu *

US – Jan: Retail Sales Rose; +0.2% from +0.2% / WSJ / R

US – Jan: Import Prices Fell; -1.1% from -1.1% / WSJ

US – Feb: UMich consumer sentiment fell; 90.7 from 92.0 / R

US – Dec: Business inventories edged up; +0.1% from -0.1% / R


MARKETS

World – Stocks Slide Into Bear Market Amid Oil Rout as Yen Jumps B *

World – Rush for havens as market turmoil intensifies FT / WSJ *

Germany – DAX Needs More Than a Deutsche Bank Rebound B *

Portugal – Sovereign Bonds Take Hit Amid Risk Aversion WSJ / b *


ECONOMICS

EU – Economic Outlook Darkens, Sends Shudder Through Markets B *

EU – Crumbling Inflation Outlook Matches Record Low B *

Greece – Fears That More Austerity Pain is Ahead WSJ *


POLITICS & FISCAL POLICY

Russia – Putin’s unshakeable popularity e *


MONETARY POLICY

SR – Sweden Cuts Further Below Zero WSJ / FT / NYT / AP *

SR – Why does Sweden’s move matter? FT *

ECB – Will not ‘surrender’ to low inflation FT / WSJ *


FINANCE

World – Banks Drop as Global Rout Deepens WSJ *

World – Credit Barometer Flashes a Warning Sign on Banks WSJ *

EU – Bank turmoil: are new bail-in rules to blame? FT

EU – Finance ministers hold firm on tougher bank rules FT / FT

EU – Banks uneasy over deeper negative interest rates FT / FT *

EU – Banks Keep Getting Clobbered WSJ *

EU – ‘A tempest of fear’ E *

EU – Deutsche Bank insists it is ‘rock solid’ ft / NYT * *

EU – Italy Merger Close to Create Country’s Third-Largest Lender WSJ

EU – Middle-East Investors Unlikely to Play White Knight Again WSJ *

EU – Annus Horribilis B *

EU – ‘Reality Check: This Isn’t 2008’ B / WSJ *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – Hedge Funds Want to Make Subprime Loans Next Big Short B *


TECH



TRADE & TRANSPORTATION

Ship – Maersk warns conditions worse than during 2008 FT / WSJ *

Ship – Maersk’s stumble highlights sluggish global trade FT / BW * * *


COMMODITIES

Gold – Roars to One-Year High B / FT / R *

Gold – The Big Beneficiary of Negative Rates WSJ *

Gold – Resilient as This Year’s Best Commodity B *

Gold – Global Demand was Flat in 2015 WSJ

Gold – Investors are cautiously returning to fickle market E *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Country names in their official languages reddit *


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