13 November 2014



Today’s Issue Cluster: Currencies

Ukraine – EU and US weigh further sanctions
UK – House prices show surprise fall in October: Halifax
Ship – Oil Tankers Stream Toward China as Price Drop Sparks Boom


MAJOR DATA POINTS

Japan – Sep: Machinery Orders Rise; +2.9% / WSJ

Russia – Q3: Economic Growth Slows for Third Quarter in a Row; +0.7% from +0.8% / WSJ / B

US – Sep: Job openings fell; 4.7m from 4.9m / AP / cr *

US – Week: Jobless Claims Rose More Than Forecast; +12k to 290k / B / WSJ / R *


MARKETS

Currencies – Ruble: Creates debt payment headache for Russian companies R *

Currencies – Ruble: Russians Go Shopping to Beat Coming Price Hikes WSJ *

Currencies – Pound: Sterling Hits 14-Month Low Against Dollar FT *

Currencies – Pound: Sterling bulls pull in their horns FT *

Currencies – Yen: Japan actions risk igniting currency war FT / FT *

Currencies – Aussie: Slides in Hard Times WSJ *

Currencies – Argentine Peso: Gets a Reprieve WSJ *

Currencies – Major economies in no condition to support stronger currencies cfr *


ECONOMICS



POLITICS & FISCAL POLICY

Ukraine – Fears Rise as Russian Military Units Pour In NYT / FT / WSJ / R / AP

Ukraine – EU and US weigh further sanctions B / B

Ukraine – Putin ally says China cannot replace western financing FT / FT

Ukraine – Russia strains to feed and heat Crimea FT *


MONETARY POLICY



FINANCE

World – Citigroup, JPMorgan Take Brunt of Currencies Settlement FT / WSJ / NYT / R / AP / B / FT / FT * *


REAL ESTATE

UK – House prices show surprise fall in October: Halifax R *

UK – Mortgage data show housing market cooling FT *

UK – A new study confirms suspicions about what drives planning decisions E *

UK – Canary Wharf’s home-building builds a buzz R *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION

Ship – Oil Tankers Stream Toward China as Price Drop Sparks Boom B

Rail – Accuracy of Bakken Volatility Tests Face More Challenges WSJ

Rail – California oil volumes drop B


COMMODITIES

Gold – Demand Loses Some Shine WSJ

Gold – India regains position as world’s top consumer FT

Gold – End of fix heralds shift for London FT * *

Silver – Mom-and-pop investors loading up despite price drop WSJ *

Nickel – Can it recover from boom and bust? R * * *


ENERGY & ENVIRONMENT

Carbon – Obama Faces Obstacles to Emissions Deal With China WSJ / FT / B / AP * *

Carbon – China’s Goals Won’t be Hard to Hit WSJ / FT / R / q * *

Carbon – An uneven deal E / NYT *

Carbon – Global markets r *

Carbon – Is the US or China more responsible? wapo * * *


LABOR & EDUCATION

US – To Fill Holiday Jobs, Retailers Reach Out Through Social Media WSJ *

US – Why Are So Many Workers Still Part Time? WSJ / wsj * * * * * * * *


HEALTH



ENDNOTE

London neighbourhoods based on eight different categories E *


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