19 January 2016



Today’s Issue Cluster: World Markets

US – Bank Stocks Fall, Baffling Some
Retail – Lux Sales Cool in Hong Kong, Paris
H7N8 – Bird Flu Returns to US Poultry Industry


MAJOR DATA POINTS

China – 2015: GDP slowest since 1990; +6.9% from +7.3% / FT / WSJ / R / NYT / AP / B *

Germany – Jan: ZEW investor morale slides as EM slowdown bites; 10.2 from 16.1 / R

US – Jan: NAHB Home Builders Remain Optimistic; 60 from 60 / WSJ


MARKETS

Markets – Dow Tumbles Amid Global Rout WSJ *

Markets – Grapple With China Woes, Fed Policy WSJ *

Markets – The Case for Chaos in Trying to Pick Bottom of US Rout B * *

Markets – High anxiety FT * * *

Markets – ‘Doom mongers have their day in the sun’ FT * *

Markets – ‘This Meltdown Isn’t a Repeat of 2008’ WSJ *

Markets – A bear will be over before you know it MW *


ECONOMICS

World – IMF predicts pick-up despite market turmoil FT * *

World – The Crisis Economy, Where Tumult Reigns WSJ *

World – Momentum fading for economic growth R * *

World – 2016’s Worst Economic Performers B * *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Almost Certain to Keep Rates Unchanged at Next Meeting WSJ

Fed – Economists Think March for Rate Raise WSJ *

Fed – Probability of Fed Rate Hike/Cut at March Meeting / b *


FINANCE

US – Bank Stocks Fall, Baffling Some WSJ *

US – Equity funds hit by outflows for second straight week FT *

US – Big US banks reveal oil price damage FT *

US – Big Banks Are Being Treated Like Penny Stocks WSJ *


REAL ESTATE



LABOR & EDUCATION

EMs – Global trends limit fallout of falling renminbi FT * * *


SERVICES

Retail – US sales dip feeds economy fears FT / WSJ *

Retail – Holiday Sales Rose 3% WSJ

Retail – Wal-Mart to Close 269 Stores WSJ / NYT / FT / WSJ / WSJ *

Retail – Divide opens between German discounters FT *

Retail – Tesco shares gain after Christmas sales beat expectations FT *

Retail – Lux Sales Cool in Hong Kong, Paris WSJ * *


MANUFACTURING



TECH

Streaming – Netflix’s Global Growth Faces New Threats WSJ *

Streaming – Netflix’s ‘Euphoric’ Rally Looks Vulnerable WSJ *


TRADE & TRANSPORTATION



COMMODITIES

Poultry – Are Food Companies Playing Chicken With Prices? WSJ *

Poultry – Global demand growth / FAO *


ENERGY & ENVIRONMENT



HEALTH

H7N8 – Bird Flu Returns to US Poultry Industry NYT / AP


ENDNOTE

How Mickey Mouse Evades Public Domain bp *


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