2 December 2015



Today’s Issue Cluster: Autos

EU – Sluggish recovery bedevilled by ‘seeping pessimism’
ECB – Risks Chasing Own Tail on Bond Buying With Deposit-Rate Cut
Coal – Big Oil’s War


MAJOR DATA POINTS

EZ – Nov: Weak inflation sets stage for stimulus; +0.1% not +0.2% / AFP / AP / eu *

US – Nov: ADP private sector adds jobs; +217k from 196k / R / WSJ

US – Q3: Productivity revised higher, but trend weak; +2.2% was +1.6%, from +3.5% / R / AP


MARKETS



ECONOMICS

EU – Sluggish recovery bedevilled by ‘seeping pessimism’ FT * *

EU – Recovery has been tepid, uneven / B *


POLITICS & FISCAL POLICY



MONETARY POLICY

ECB – Prospect of Rate Cut Catches Markets’ Attention Rather Than More QE WSJ

ECB – To Test the Limits of Its Bond-Buying Program WSJ *

ECB – Ponders options as it looks to inject fresh stimulus FT * *

ECB – Risks Chasing Own Tail on Bond Buying With Deposit-Rate Cut B *

ECB – €620b worth of (potentially tiered) euro nuts ft *

ECB – How Low Can Mario Go? cfr *

ECB – Divergent Paths for Central Banks WSJ *

ECB – Central banks forge the path for markets FT * *


FINANCE

EU – Swiss banks face uncertainty on ECB move FT * *


REAL ESTATE

EU – Retail Property Deals Surge WSJ

EU – Investors Find Bargains at Outlet Malls WSJ

EU – Where people live in flats or houses / Ind *


LABOR & EDUCATION

EU – German Companies Race to Sign Up Migrant Workers WSJ


SERVICES



MANUFACTURING

Autos – US: Carmakers Near Record B / WSJ NYT * *

Autos – US: GM to Import Chinese-Made Buick SUV WSJ *

Autos – Mexico: Detroit accelerates plans to build more small cars R

Autos – Mexico: Courting Japanese parts suppliers N *

Autos – China: After SUV boom, carmakers face falling prices, sales R

Autos – China: Demand for Cars Has Slowed BW *

Autos – Japan: Carmakers compete for foreign tech hires FT *

Autos – Japan: Mercedes-Benz bucking import market N *

Autos – Electrics: A Car Dealers Won’t Sell NYT

Autos – VW: US Sales Plunge 25% WSJ / NYT


TECH



TRADE & TRANSPORTATION

Auto – US Vehicle Miles Driven Increases cr *

AVs – Automakers battle for high-tech dominance R


COMMODITIES



ENERGY & ENVIRONMENT

Coal – Miners Feel the Burn WSJ *

Coal – Rich Nations to End Export Credits FT / B

Coal – Big Oil’s War b * *

Coal – Could be in bargain hunters’ sights FT *

Coal – Not going away anytime soon despite renewables push AP

Coal – UK to phase out power plants FT / B / NYT *

Coal – Anglo loses Australia mine battle FT * *

Coal – Misrule in Shanxi province E *


HEALTH



ENDNOTE

Exact location of Vermeer’s Little Street discovered TAN *


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