12 March 2015



Today’s Issue Cluster: Power Generation

Germany – ‘Economy is more unbalanced than ever’
Russia – Well for Corporate Bailouts Appears to Be Running Dry
Fertilizer – China to freeze use for 5 years


MAJOR DATA POINTS

EZ – Jan: Industrial Output Falls; -0.1%, +1.2% yr / WSJ / AFP *

US – Feb: Retail sales fall; -0.6% from -0.8% / R / WSJ *

US – Week: Jobless Claims Fell; -36k to 289k / WSJ *


MARKETS

Euro – Plunge Is Picking Up Pace WSJ *

Euro – Chief executives feel warmth from low euro tailwinds FT * *

Euro – Currencies Gyrate, but There’s No War WSJ *

Euro – Investors Forced to Get Creative for ‘Carry’ Trade WSJ *


ECONOMICS

Germany – ‘Economy is more unbalanced than ever’ cer *

Germany – Boost From Spending on Home Improvements WSJ *

France – Hollande Casts Fate With Ex-Banker Macron WSJ *

EU – PMI services momentum for the last 6 months / r *


POLITICS & FISCAL POLICY

France – Le Pen lays out radical vision FT * *

Spain – Business seeks answers from Podemos FT *

Russia – Well for Corporate Bailouts Appears to Be Running Dry NYT


MONETARY POLICY

ECB – Germany faces hurdle to meet QE share as yields vanish R *


FINANCE

US – Deutsche and Santander fail stress test FT / WSJ / NYT / B *

US – Goldman, Morgan Stanley Don’t Have to Fall into Stress-Test Gap WSJ *

US – Fed Tells Bank of America to Resubmit Capital Plan in Fall WSJ *

US – Banks boost dividends FT *


REAL ESTATE



LABOR & EDUCATION

EU – Surge in Migrants Crossing Mediterranean Exposes Conflicted Response WSJ *


SERVICES

Media – US moving faster than ever away from traditional TV WaPo / q *

Media – Will streaming save the music industry? FT * *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Fertilizer – China to freeze use for 5 years N

Fertilizer – Canadian farmers store reserve to fight dealers’ pricing power R

Fertilizer – Proposed ban on cosmetic pesticides outside DC causes turf war WaPo

Fertilizer – Farmers Put Down the Plow for More Productive Soil NYT


ENERGY & ENVIRONMENT

Power – Germany’s Top Utilities Face Dimmer Prospects WSJ *

Power – France’s nuclear love affair too strong to let Areva fail R *

Power – Tightening the Case Against Utility Stocks WSJ *

Power – Utilities wage campaign against rooftop solar WaPo *

Power – Japan’s Solar Growth Falters as Utilities Balk NYT

Power – A lack of electricity holds sub-Saharan Africa back wapo *


HEALTH

Pharma – US Clears First Copycat Biotech Drug, Jolting Sector WSJ / WSJ *

Pharma – Firms under threat from new kind of generic drug / q * *


ENDNOTE

EU – Map of Regions Represented by Separatists in Parliament motw *


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