18 February 2016



Today’s Issue Cluster: Telecoms

Mexico – Remittances Top Oil Income
Pot – Reeferegulatory challenge
Zika – UN: Stopping virus may require GM insects


MAJOR DATA POINTS

Australia – Jan: Unemployment Spikes; 6.0% from 5.8% / B

Japan – Exports Drop Most Since 2009; -12.9% from -8.0% / B / FT

EZ – Dec: Current Account Surplus Declines; +€25b from +€27b / WSJ

US – Jan: Leading Indicators Fell for a Second Month; -0.2% from -0.3% / B

US – Week: Jobless claims fall; -7k to 262k / R / WSJ / AP


MARKETS



ECONOMICS

Venezuela – On collision course for default crisis FT / B / AP / FT *

Venezuela – Faces Test on Debt WSJ *

Argentina – Reaches Deal to Settle Bond Default Lawsuit WSJ / FT

Brazil – How low can Real go? FT * *

Mexico – Remittances Top Oil Income AP


POLITICS & FISCAL POLICY



MONETARY POLICY

Banxico – Mexico delivers unexpected rate rise with eye on inflation FT / AP *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Pot – Cannabis shifts from outlaw weed to mainstream commodity FT

Pot – As Sales Grow, Start-Ups Step In for Wary Banks NYT

Pot – Power Demands Tax US Electricity Grids B *

Pot – Reeferegulatory challenge E / e * * * *

Pot – The disjointed states of America e *


MANUFACTURING



TECH

Telecoms – European towers find their range FT * *

Telecoms – Race Is On to Deliver Internet From Space WSJ

Telecoms – The Future of Public Wi-Fi FT *

Telecoms – T-Mobile US adds 1m lucrative customers FT *

Telecoms – More smartphone users to switch from talking to tapping FT *


TRADE & TRANSPORTATION



COMMODITIES

Farms – US hit by dollar’s strength FT *

Farms – Banks Feel the Pain of Dairy Downturn WSJ *

Farms – UK prices head back to earth FT *


ENERGY & ENVIRONMENT

NatGas – Shale Gas Exports Near at Cheniere B *

NatGas – US exports start as overseas demand for LNG is slowing WSJ *

NatGas – Total Starts North Sea Project Despite Low Prices WSJ *

NatGas – Global market braced for price war FT * *

NatGas – As Ukraine Looks Elsewhere, Gazprom Sees No Let Up in Sales B / WSJ * * *


HEALTH

Zika – Threatens Brazil’s Olympic boost FT *

Zika – 20 US states / DM *

Zika – Birth Defects in Brazil May Be Over-Reported Amid Virus Fears NYT / R

Zika – New Study Links Virus to Microcephaly WSJ

Zika – Fighting the ‘Cockroach of Mosquitoes’ WSJ *

Zika – WHO Says Vaccines at Least 18 Months Away From Broad Trials WSJ / FT / NYT

Zika – UN: Stopping virus may require GM insects AP


ENDNOTE

World’s Stock Exchanges by Size vc *


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