Today’s Issue Cluster: Food & Beverage
Japan – Q1: Tankan Manufacturing Sentiment at Highest Level Since 2007; 17 from 16 / R / B
Japan – Q2: Tankan Business Sentiment Set to Weaken Sharply; 8 / WSJ
China – Mar: Markit/HSBC PMI fell to an eight-month low; 48.0 from 48.5 / AP / FT / WSJ / m m * *
China – Mar: Official PMI edged up; 50.3 from 50.2 / R / B / b * *
SK – Mar: HSBC/Markit manufacturing gauge rose; 50.4 from 49.8 / R / m *
SK – Mar: Exports Pick Up Pace; +5.2% from +1.5% / WSJ
India – Mar: HSBC Manufacturing PMI falls from one-year high; 51.3 from 52.5 / m *
Australia – Mar: Home prices surge higher; +3.5% / SMH / ABC / Aus
EZ – Feb: Unemployment steady near record high; 11.9% / AP / WSJ / NYT / bi *
Germany – Mar: Unemployment drops as economy picks up; 6.7% from 6.8% / AP / R *
Italy – Feb: Jobless at Record; 13.0% / B
EZ – Mar: Markit Manufacturing PMI falls; 53.0 from 54.1 / m / b / b * * *
Germany – Mar: Markit Manufacturing PMI falls; 53.7 from 54.8 / m *
French – Mar: Markit Manufacturing PMI returns to growth and hits 33-month high; 52.1 from 49.7 / m *
UK – Mar: Markit Manufacturing PMI drops; 55.3 from 56.2 / m *
Italy – Mar: Markit Manufacturing PMI signals further growth; 52.4 from 52.3 / m *
Spain – Mar: Markit Manufacturing PMI at 47-month high; 52.8 / m *
Ireland – Mar: Markit PMI expanded at sharpest rate since April 2011; 55.5 from 52.9 / WSJ / FT
Russia – Mar: Markit PMI continues to deteriorate; 48.3 from 48.5 / bi *
Brazil – Mar: HSBC Manufacturing PMI up only marginally; 50.6 from 50.4 / m *
US – Mar: Markit factory activity growth slows; 55.5 from 57.1 / R /
US – Mar: ISM manufacturing growth accelerates; 53.7 from 53.2 / R / WSJ / r *
US – Feb: Construction spending barely up; +0.1% from +0.2% / R / AP / r *
US – Feb: CoreLogic home prices rose; +0.8%, +12.2% yr / AP
Bonds – AAA: Sovereign ratings deposed FT
Bonds – EU: Turning point for debt ratings FT *
Bonds – US: Investors Still Waiting for Yields’ Rise WSJ *
US – Caterpillar accused of ‘shifting’ profits FT / WSJ / NYT
US – Corporate America’s overseas cash pile rises to $947b FT / q *
Turkey – Erdogan triumphant after resounding poll victory FT / WSJ *
France – Hollande fires prime minister in bid to relaunch presidency FT / WSJ / NYT *
France – Misses 2013 deficit target / r *
NK – Trades live fire with SK over sea border NYT / AFP *
NK – Glimmer of hope FT * * * *
Fed – Yellen Says Extraordinary Support Needed for ‘Some Time’ B / FT / WSJ / NYT / AP / R / WSJ
World – Banks’ retreat empowers commodity trading houses FT *
F&B – US fizzy drinks lose pop on health fears FT / WSJ / R / AP *
F&B – Diet isn’t saving the soda industry like it was supposed to q * *
F&B – Energy drinks on the ascent q * *
F&B – Bottled iced coffee comes in from the cold FT
F&B – Starbucks Buys a Farm BW *
F&B – Coffee pods popular q * * *
F&B – Latte-loving Thais spur chain battle N *
F&B – EU and China strike deal to end wine wars FT
F&B – Wine Consumption in the USA / am *
F&B – US beer consumption down 20% since the early 1990s / q *
F&B – PBR becomes a billion-dollar beer q *
F&B – US State Taxes On Beer, Wine, And Liquor bi * * *
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F&B – Indonesian brewer Bintang looks to soft drinks to build business with Muslims N *
F&B – Gum loses its pop in US AP / q *
F&B – Chewing Gum Makers Cater to Chinese Tastes WSJ *
F&B – Peak TV dinners q * * * *
F&B – Asian producers seek to spice up noodle sales FT *
F&B – Activists force companies out of comfort zone amid consumer shift FT *
Autos – GM Recalls 1.5m More Vehicles WSJ / FT *
Autos – Regulators Twice Failed to Open GM Probes WSJ *
Internet – Huawei buoyed by enterprise and consumer divisions FT / WSJ / WSJ *
Internet – ‘No Sale,’ Brands Tell Alibaba’s Tmall WSJ / WSJ *
Internet – Small Is Beautiful in Chinese Web Stocks WSJ *
Rail – Equipment Makers Getting Lift From Crude IBD
Crops – Chinese Pigs Eating Soybeans Cut US Supply to 1965 Low B / FT *
Crops – Amped-Up Production Threatens Grains’ Gains WSJ *
Crops – Corn Prices Jump As USDA Forecasts Lower Plantings WSJ / WSJ *
Carbon – Coping with climate change to cost up to $100b a year, says UN FT / WSJ / AP / R / NYT / WSJ *
Carbon – Scientists clash over UN climate report FT / ft / G&M *
Carbon – Exxon warns global warming targets ‘unlikely’ to be met FT / WSJ
Carbon – White House Unveils Plans to Cut Methane Emissions NYT / WSJ / AP / WSJ *
Carbon – Sun pattern might ease global warming WSJ *
Carbon – Activism Makes Steyer Converge With Paulson B *
Pharma – Sales Soar for Pricey Hepatitis Drug Sovaldi WSJ *
America’s Teams: Yankees and Popular Where There is no Local Baseball Team bi *
