20 November 2015



Today’s Issue Cluster: Europe Economy & Monetary Policy



MAJOR DATA POINTS

X

EMs – Morgan Stanley’s Fragile Five Swells to Troubled 10 in Selloff
Travel – Paris Attacks Hit Hotels Hard
Autos – VW: US probes Bosch in scandal
Pharma – World on cusp of ‘post-antibiotic era’


MARKETS

EMs – Equity valuations slide to record low FT **

EMs – Morgan Stanley’s Fragile Five Swells to Troubled 10 in Selloff B * * *

EMs – ‘Getting crunched by their corporate debt boom’ bi *

EMs – Deeper into the red FT * * * *


ECONOMICS

EU – Does Deutschland do digital? E * *


POLITICS & FISCAL POLICY

EU – Post-Paris Politics Will Decide Economic Fate wsj / ft

EU – Few of the politician social-media stars are centrists E *


MONETARY POLICY

ECB – Minutes Signal More Stimulus Possible WSJ / FT / AP

ECB – QE Losing Its Power to Pack a Punch in Markets WSJ *

ECB – Ready to delve deeper into negative interest rates FT *


FINANCE

EU – ECB Finds $1.87b Capital Gap in Stress Test of Nine Banks B

EU – Investors spoilt for choice as banks seek capital FT *

EU – ‘Perfect’ storm puts banks further behind US FT

EU – Loan Growth Suffers at Spanish Banks WSJ *

EU – Greek Banks’ Share Sales Said to Draw Orders at Minimum Levels B *


REAL ESTATE

EU – New Office Leasing Picks Up WSJ

EU – Rise of e-commerce ‘sheds’ drives up industrial values FT *


LABOR & EDUCATION



SERVICES

Travel – Paris suffers steep fall in tourists after attacks FT

Travel – Paris Attacks Hit Hotels Hard NYT


MANUFACTURING

Autos – VW: US probes Bosch in scandal R

Autos – VW: Plans $1b Cut in Capital Spending WSJ / NYT / R / FT *

Autos – VW: Warned of consumer backlash FT / WSJ / NYT / R / AP / R * *

Autos – VW: Brand choked by cost and complexity FT * * *

Autos – VW: Elevated Pollution in Other Diesel Brands B / FT


TECH



TRADE & TRANSPORTATION



COMMODITIES

Salmon – Genetically Engineered AquAdvantage Approved NYT / WSJ / FT / AP / R / NYT *

Beef – Australia exports to set records N *

Beef – Australia blocks China $250m cattle station purchase FT *


ENERGY & ENVIRONMENT



HEALTH

Pharma – New superbug resistant to antibiotics AFP *

Pharma – World on cusp of ‘post-antibiotic era’ BBC *


ENDNOTE

Most Popular Fast-Food Outlet in Each European Country reddit *


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