2 June 2016



Today’s Issue Cluster: Autos

ECB – Negative Rates Fail to Spur Investment
EU – Refugees cannot solve demographic woes
Carbon – Highest Tax in Oil Nation Prods Statoil to Try ‘Batwind’


MAJOR DATA POINTS

Australia – Q1: Economy powers ahead on exports; +3.1% from +2.9% / AFP

US – May: ADP Private Payrolls Rise; +173k from +166k / WSJ

US – Week: Jobless claims fall; -1k to 267k / R / B / WSJ


MARKETS



ECONOMICS

EU – Iceland Puts Freeze on Foreign Investors WSJ *


POLITICS & FISCAL POLICY

EU – The far right is a growing force in Europe E / e *

EU – Rise of nationalism / BBC *


MONETARY POLICY

ECB – Keeps Rates Steady as Inflation Shows Signs of Rising FT / WSJ / NYT *

ECB – Expected to Leave Stimulus Unchanged WSJ

ECB – Negative Rates Fail to Spur Investment B *

ECB – Negative talk about whether negative rates work r *

ECB – Draghi in QE Quandary After Draining Bond Market by $800b B *

ECB – Draghi v Germany’s banks FT *


FINANCE



REAL ESTATE

EU – Germany: The young and migrants compete for housing FT *


LABOR & EDUCATION

EU – Still Has Work to Do on Jobs WSJ *

EU – Refugees cannot solve demographic woes E *

EU – The best way to settle newcomers is to find them jobs E *


SERVICES



MANUFACTURING

Autos – US: Sales Slumped in May WSJ / FT / B *

Autos – US: Fuel-Economy Debate Comes to a Head WSJ *

Autos – US: Car-Buying Boom, Time to Downshift? WSJ *

Autos – EU: New-Car Sales Have Best April Since 2008 WSJ / R

Autos – China: Turns to second-hand cars to rev up consumption FT *

Autos – Small Cars: Toyota Pins Big Hopes on Daihatsu WSJ *

Autos – VW: Returned to Profit in Q1 After Huge Loss Last Year WSJ *

Autos – VW: Don’t Forget the Other Brands WSJ *

Autos – Mitsubishi: Nissan to take 34% stake FT *

Autos – Mitsubishi: Bail out shows Ghosn’s ambitions N *

Autos – EVs: Japan Has More Charging Spots than Gas Stations te *

Autos – EVs: Tesla’s Rise Has Inspired a Dozen Rivals / vc *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Steel – Largest US producer given green light to seek China import ban FT

Steel – US Tariffs Create a Double-Edged Sword WSJ

Steel – Industry feels the heat FT * *


ENERGY & ENVIRONMENT

Carbon – Fossil Fuels’ Unpopularity Leaves a Mark WSJ *

Carbon – Highest Tax in Oil Nation Prods Statoil to Try ‘Batwind’ B *

Carbon – Low Gas Prices Create a Detour to Greater Fuel Economy NYT *

Carbon – Americans’ love of road trips returns — as do emissions fears FT *


HEALTH



ENDNOTE

Religion map of Europe reddit *


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