2 September 2014



Today’s Issue Cluster: Europe Security & Economics



MAJOR DATA POINTS

China – Aug: Official PMI fell; 51.1 from 51.7 / WSJ / R / AFP

China – Aug: HSBC PMI fell; 50.2 from 51.7 / R / FT * *

Japan – Jul: Wages Make Biggest Jump in 17 Years; +2.6% / WSJ

EU – Aug: Markit PMI fell; 50.7 from 51.8 / B / WSJ / FT *

EZ – Jul: Producer Prices Resume Fall; -0.1% from -1.1% / WSJ / b *

Swiss – Q2: Economy Unexpectedly Stalls as Euro Area Takes Toll; flat from +0.5% / B / WSJ

US – Aug: ISM manufacturing accelerates; 59.0 from 57.1 / R * *

US – Jul: Construction spending up; +1.8 from -0.9% / AP / R *


MARKETS

IPOs – Heady US Market Rolls Into Autumn WSJ *


ECONOMICS

EU – Slips a step closer to deflation FT / WSJ *

EU – ‘Worse than the 1930s’ wapo *

EU – Germany Resists Calls for ECB Aid in Euro Growth Dilemma B / AP

EU – German business attacks ‘complacent’ Berlin FT / AP / WSJ

EU – Germany: In a spin FT * * * * *

EU – Italy loses enthusiasm for privatisations FT *

EU – Corporate income tax reduction trend over last 10 years / b *


POLITICS & FISCAL POLICY

Ukraine – Shifts to Defense Against Russian Incursion WSJ *

Ukraine – Ruble Hits New Low WSJ / B / WSJ *

Ukraine – Putin’s Ambitions Put Russia Out in the Cold WSJ *

Ukraine – Russia Arctic energy ambitions jeopardised by sanctions FT *

Ukraine – Palladium advances to new multiyear high FT *

Ukraine – US Works With EU to Align Russia Sanctions WSJ / FT / R / WSJ

Ukraine – Russia’s new art of war FT * *

Ukraine – Nato allies at odds over response to Russian aggression FT *

Ukraine – NATO Faces Thorny Spending Questions WSJ / FT / NYT * *

Ukraine – NATO flexes its muscle memory E *


MONETARY POLICY

ECB – Draghi is Looking to a Turbulent Time Ahead WSJ / R / R / WSJ / R


FINANCE

EU – Fears That Banks Lack Cash Cushion to Cover Bad Loans NYT

EU – Banks Boost Lending in Asia WSJ *

EU – Banks made it easier to get a loan for the first time since late 2007 q *

EU – Foreign banks have not come back to euro-area periphery / b *


REAL ESTATE

EU – UK: Fears rise that conversions will lead to dearth of London office space FT

EU – France: Plans new measures to tackle housebuilding slump R * *

EU – Swiss: Property Market Starts to Cool WSJ *


SERVICES



MANUFACTURING

Drones – Google Lifts Industry Hopes WSJ / FT / NYT / FT


TECH



TRADE & TRANSPORTATION

Rail – Delays knock north US grain prices FT


COMMODITIES

Crops – Coffee: Spreading Drought Adds to Woes WSJ

Crops – Coffee: Makes Comeback in East Africa as Prices Rise WSJ * *


ENERGY & ENVIRONMENT



LABOR & EDUCATION



HEALTH



ENDNOTE

Forbes’ Billionaires World Map Forbes *


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