2 July 2014



Today’s Issue Cluster: Autos

HK – Xi Jinping is said to have decided that Beijing has been too lenient
Coal – Australia faces rising investment backlash


MAJOR DATA POINTS

EZ – May: Producer Prices Continue Falling; -0.1%, -1.0% yr / WSJ

US – May: Factory orders slide; -0.5% from +0.8% / AP / R

US – Jun: ADP Says Companies Added Most Workers Since 2012; +281k from +179k / WSJ / B / AP / R *


MARKETS

Bonds – Moody’s Cuts Puerto Rico Rating Three Notches WSJ / FT / B

Bonds – Catastrophe investors show their limits FT *


ECONOMICS

Australia – Dollar Parity Talk Resumes WSJ *

Australia – ‘Open’ to more Chinese investment FT * *

Australia – Dependency on China commodity appetite increases r *


POLITICS & FISCAL POLICY

HK – Huge Crowds Turn Out for Pro-Democracy March, Defying Beijing NYT / WSJ / FT / R / B *

HK – Xi Jinping is said to have decided that Beijing has been too lenient R * *


MONETARY POLICY

ECB – Loan-buying plans stall FT *


FINANCE

Trade – Mind the gap in export finance if US lender closes R *

Trade – What countries spend on export finance q *


REAL ESTATE

US – Apartment Rents Rise as Incomes Stagnate WSJ *

US – CoreLogic home prices rose more slowly in May; +1.2%, +8.8% yr / AP / cr *

US – Big Builder Eyes Home-Rental Market wsj *

US – Baby Boomers Hold On to Houses WSJ *

US – Baby Boomers Aren’t (Yet) Downsizing in Droves wsj *

US – Shrinking Office Spaces Slow Recovery WSJ *


SERVICES



MANUFACTURING

Autos – US: June Sales Keep Climbing WSJ / FT / AP / NYT * *

Autos – US: GM to Recall 8.45m More Vehicles WSJ *

Autos – US: Barra defends GM culture changes FT / WSJ / r *

Autos – US: Ford Cuts Fuel-Economy On Some Vehicles After Tests WSJ *

Autos – Mexico: Daimler and Nissan confirm €1b joint venture FT / AP

Autos – Brazil: Sales of luxury cars boom FT

Autos – EU: Industry Recovery Slows in May WSJ / NYT / b * *

Autos – China: Foreign carmakers milk China’s cash cow FT / WSJ / CD * * * *

Autos – China: To probe car market competition FT

Autos – China: Consumers switch gears from cash to credit for car buys R

Autos – China: New Rules Lift BYD’s Electric-Car Sales WSJ *

Autos – Japan: Premium brands still behind German rivals E *

Autos – Japan: Seeks to Squelch Its Tiny Cars NYT *

Autos – Japan: Honda’s Asian pivot N *

Autos – SK: Hyundai’s hydrogen fuel-cell car makes US debut R

Autos – SK: Ever-stronger won worries companies N *

Autos – Indonesia: Carmakers rev up discounts to clear showrooms FT

Autos – Myanmar: Carmakers targeting affluent N / N

Autos – Iran: Companies Make Plans to Invest if Sanctions Ease WSJ * *


TECH

Telecoms – FTC Accuses T-Mobile of Fraud in Billing R / AP / NYT / WSJ / FT


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Coal – Australia faces rising investment backlash R *

Coal – Australia risks isolation among G20 by scrapping carbon tax FT

Coal – Wyoming Sticks by Resource Despite Upheaval WSJ *

Coal – India the third-biggest importer FT / q *


LABOR & EDUCATION



HEALTH



ENDNOTE

The most popular museums in the world e *


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