15 April 2016



Today’s Issue Cluster: Mining

Retail – Fast-rising JD.com has Alibaba looking over its shoulder
Ship – This Yard Is So Unprofitable It’s Turning Into a Parking Lot
Watches – Swiss face another challenging year


MAJOR DATA POINTS

China – Q1: GDP growth slows; +6.7% from +6.8% / FT / WSJ / R / AP / NYT

US – Mar: Industrial output falls more than expected; -0.6% from -0.6% / R

US – Apr: UMich Consumer Sentiment Falls; 89.7 from 91.0 / B


MARKETS



ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

Negative Rates – World: The Bomb Ticking Inside Bond Market WSJ *

Negative Rates – Japan: Experiment Is Floundering WSJ *

Negative Rates – Germany: Life Insurers Feel the Pain WSJ *

Negative Rates – Swiss: One Bank Learns to Live in Subzero World WSJ

Negative Rates – Denmark and Sweden: Real estate booming WSJ *

Negative Rates – What Comes Next? Helicopter Money wsj *

Negative Rates – Central bank tightening risk, charted ft *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Retail – Shoppers Flock to Apps WSJ **

Retail – Grocers battle to find small format success B *

Retail – Fast-rising JD.com has Alibaba looking over its shoulder N *


MANUFACTURING

Ship – Chinese Shipping Majors Splash $2.5b for 30 Giant Valemaxs WSJ

Ship – This Yard Is So Unprofitable It’s Turning Into a Parking Lot B *


TECH

Watches – Clock ticking as Swiss await recovery R

Watches – Swiss face another challenging year R *


TRADE & TRANSPORTATION



COMMODITIES

Diamonds – It’s a Great Time to Buy, But Fewer People Want One B *

Diamonds – De Beers reports higher demand FT *

Gold – Posts Biggest Quarterly Gain in Decades WSJ *

Gold – China Goes Prospecting for Mines WSJ *

Copper – Turned Into Precious Metal as Miners Loath to Sell B *

Copper – World’s top producer bemoans spectre of speculators FT *

Copper – China Imports Jump 36% to Record as State Buying Eyed B *

Copper – China stockpiles intrigue market FT / FT

Copper – Miners pin hopes on electric cars as China falters FT

Steel – Price recovery threatened by slowing China demand FT / B *

Steel – Cheap imports put US under pressure FT * *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Photos taken by locals and tourists in LA motw *


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