19 August 2014



Today’s Issue Cluster: China Real Estate

Ukraine – Germany Puts Curbing Russia Ahead of Commerce
E-Bikes – Sales Are Surging in Europe
Gold – Production rises to record despite industry cutbacks


MAJOR DATA POINTS

US – Jul: Housing Starts Rise to Highest Level in Eight Months; +16% / B / R / WSJ *

US – Jul: Consumer Prices Rise at Slowest Pace in Five Months; +0.1% from +0.3% / B / R / WSJ * *


MARKETS

Bonds – Borrowing costs close to the edge in Europe FT * *

Bonds – Banks, Financial Firms Load Up on Cheap Debt WSJ *

Bonds – Leaky repo deals present new concerns FT *

Bonds – Big Investors Snap Up Junk WSJ / FT / WSJ / FT *


ECONOMICS

EU – Economy grinds to halt even before Russia sanctions bite R / FT / WSJ / FT / q * * * *


POLITICS & FISCAL POLICY

Ukraine – Investors Raise Their Shields Against Russia WSJ *

Ukraine – More Russian Oil Flows East as Relations With West Sour WSJ / FT / FT *

Ukraine – Russia tensions pushes palladium to $900 FT / q * *

Ukraine – Europe’s peach growers feel pain of Russian sanctions FT / WSJ * *

Ukraine – Germany Puts Curbing Russia Ahead of Commerce NYT *


MONETARY POLICY

BOE – Signals Rate Hike in Early 2015 if Wage Growth Picks Up WSJ / FT / AP / R * *

BOE – Wage growth feeble as UK economy recovers FT * *


FINANCE

Cards – Banks, Retailers Speed Up Drive to Add Chips WSJ *

e-Wallets – Amazon Unveils Mobile-Payments Service for Local Shops WSJ / FT / nyt *


REAL ESTATE

China – Property slump gathers pace in July FT / WSJ *

China – July property investment slows R / X

China – Banks step up property lending FT

China – Property Owners Warm to the Rental Business WSJ

China – Anxiety Is Local in Property Woes WSJ *

China – ‘Return to rationality’ signals big shift in housing market FT * * *

China – Officials Rush to Sell Luxury Homes Amid Corruption Crackdown WSJ *

China – ‘Hard landing unlikely for property market’ X


SERVICES

Retail – US Sales Flat in July WSJ / FT / WSJ / R *


MANUFACTURING

E-Bikes – Sales Are Surging in Europe NYT *


TECH

Telecoms – SoftBank’s US Cellphone Strategy Takes Shape WSJ *

Telecoms – For European Telcos, All Roads Lead to the Americas wsj *


TRADE & TRANSPORTATION

Air – Safety: Flying blind FT * *

Air – Airports prepare for an influx of Southeast Asians N *


COMMODITIES

Gold – Loses shine as Chinese curb jewellery purchases FT / WSJ

Gold – Production rises to record despite industry cutbacks FP / B *


ENERGY & ENVIRONMENT

Coal – Dominoes hit BRICS wall, other skeptics R

Coal – India Runs Short, Despite Global Price Slump WSJ

Coal – Vietnam Imports Poised for Possible Early Start WSJ

Coal – US Imports Even More WSJ

Coal – Still Is Top Source of Electricity in US wsj *


LABOR & EDUCATION

Asia – Labor activists team up to press wage claims R *


HEALTH

Hospitals – Chinese medical demand fuels takeovers FT * *


ENDNOTE

How To Cross 5 International Borders In 1 Minute npr * *


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