17 April 2014



Today’s Issue Cluster: Autos

Ukraine – Russia Economy Worsens Even Before Sanctions Hit
Google – Axel Springer accuses of seeking digital ‘superstate’
Pharma – Nasal Spray Holds Hope in Fighting Flu Epidemic


DATA POINTS

Japan – Mar: Consumer Confidence Drops to Lowest Since 2011; 37.5 from 38.5 / B / K

Japan – Apr: Reuters Tankan business mood up, outlook clouded by tax hike; 25 from 18 / R *

Germany – Mar: Producer Prices Lower Than Expected; -0.3%, -0.9% yr / WSJ

Canada – Mar: Inflation Rate Rebounds on Energy; 1.5% from 1.1% / B / R / CBC / G&M

US – Apr: Philly Fed manufacturing index picks up; 16.6 from 9.0 / MW *

US – Week: Applications for jobless aid up; +2k to 304k / AP / WSJ / R / B *


MARKETS

EMs – Bond investors parse the frontier story FT *

EMs – Cash Returns to Asia WSJ *


ECONOMICS

China – Slowdown Likely to Spur Stimulus, Not Reforms WSJ

China – $90b credit squeeze FT / NYT / b *

China – Now the world’s 3rd biggest foreign investor / wef *


POLITICS & FISCAL POLICY

Ukraine – EU sanctions push on Russia falters amid big business lobbying FT / WSJ / WSJ

Ukraine – Russia Economy Worsens Even Before Sanctions Hit NYT


MONETARY POLICY

Fed – Economy Thawing Out, ‘Beige Book’ Finds WSJ / B / FT / AP / R / NYT / WSJ *


FINANCE

US – Big Banks Ramp Up Business Lending WSJ *


REAL ESTATE



SERVICES



MANUFACTURING

Autos – Makers Renew Efforts to Woo First-Time Buyers in China WSJ *

Autos – China Hunts Down ‘Zombies’ in Effort to Fix Failed Policies B

Autos – Chinese-brand cars lose traction at home FT

Autos – China’s Embrace of Foreign Cars NYT *

Autos – China’s car joint ventures aren’t built to last r *

Autos – Purifying Air for China’s Car Makers WSJ *

Autos – BMW takes China sales drive on the road FT *

Autos – Ford’s SUVs Propel Its China Gains WSJ *

Autos – Nissan’s Datsun relaunch seen as key N *

Autos – Can New Hyundai Sonata Match Predecessor? WSJ *

Autos – EU car sales upturn fails to halt price war R / WSJ / NYT

Autos – French and Italian carmakers make up lost ground in Europe FT *

Autos – Porsche’s 2013 Operating Profit Nearly Matched VW’s WSJ *

Autos – Porsche’s success looms over Maserati sales push R

Autos – GM’s Opel Could Break Even Ahead of Schedule WSJ *

Autos – Car sales discounts threaten European market recovery FT *

Autos – EU Slaps Fines on Car, Truck Bearings Makers WSJ *

Autos – UK Car Demand Hits 10-Year High in March WSJ *

Autos – UK car industry revs up fight against EU exit FT / r * *

Autos – Huge hit to jobs as automotive manufacturing ends in Australia ABC

Autos – Red light in Brazil auto market raises risk of a pile-up R

Autos – Cadillac Test Drivers Warned of Ignition Switches Turning Off in 2006 WSJ *

Autos – Ram Pickup Makes Its Move Against GM, Ford in US WSJ *

Autos – Does Tesla Really Need a $5b Battery? WSJ *


TECH

Google – Shares dip 5% as earnings disappoint FT / NYT / B / WSJ / R / IBD / q * * *

Google – Axel Springer accuses of seeking digital ‘superstate’ FT / NYT


TRADE & TRANSPORTATION



COMMODITIES

Copper – Rebounds After a Beating WSJ *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

UK – Wages rise above inflation after six-year squeeze FT / WSJ *


HEALTH

Pharma – Nasal Spray Holds Hope in Fighting Flu Epidemic NYT *


ENDNOTES

The Border Between Yankee and Red Sox Nation hsac * *


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