22 January 2016



Today’s Issue Cluster: Oil

France – Hollande jobs plan for ‘economic emergency’
BOE – UK not strong enough for rate rise, says Carney
Italy – Banks Lead European Decliners on Bad Loans Concerns


MAJOR DATA POINTS

Japan – Jan: Markit Manufacturing PMI resilient; 52.4 from 52.6 / m *

EZ – Jan: Markit Composite PMI fell; 53.5 from 54.3 / AFP / WSJ

US – Jan: Markit manufacturing PMI rebounds; 52.7 from 51.2 / m

US – Dec: NAR Existing-Home Sales Rebound; +14.7% / WSJ / R

US – Dec: ConfBd leading indicators dip; -0.2% from +0.5% / CNBC


MARKETS

EU – Corporate-Bond Spreads Rise to Recession Levels WSJ *

EU – Investors shun riskier European bonds FT *


ECONOMICS

Switzerland – A Test Case for Currency Shock WSJ *

France – Hollande jobs plan for ‘economic emergency’ FT / WSJ *


POLITICS & FISCAL POLICY

France – Hollande’s travails FT * * *

EU – Latest Fault Line: Italy Versus Germany WSJ


MONETARY POLICY

ECB – Keeps rates on hold amid turmoil B *

ECB – Draghi Hints at More Stimulus in March WSJ / FT / AP / R *

ECB – China Worries Weigh WSJ *

BOE – UK not strong enough for rate rise, says Carney FT * * * *


FINANCE

EU – Market Turmoil Hinders Banks’ Recovery WSJ *

Italy – Banks Lead European Decliners on Bad Loans Concerns B


REAL ESTATE



LABOR & EDUCATION

EU – Unemployment rates / motw *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – Notches Biggest Percentage Gains Since October WSJ / R / WSJ *

Oil – Saudi Arabia says $30 oil is ‘irrational’ FT / WSJ *

Oil – $15 Oil? It’s Already Here, in Canada WSJ *

Oil – ‘Almost as cheap as the world has seen in 50 years’ FT *

Oil – IEA Sees Risk of Oversupply WSJ / B

Oil – Speculators Raise Bets on Falling Prices to All-Time High B *

Oil – Prices Aren’t as Cheap as They Look WSJ *

Oil – Iran to boost output by 500k barrels FT / WSJ / B / FT / B *

Oil – Iran Could Quickly Send Prices Even Lower WSJ *

Oil – Saudi Arabia and Iran Tussle Over Exports to China WSJ *

Oil – Asian Companies Retreat as China Demand Dwindles WSJ *

Oil – Idled rigs stack up as crisis grips North Sea FT *

Oil – Canada legacy projects still in the pipeline B *

Oil – Giants Start Losing Safety Net as Refining Margins Squeezed B *

Oil – Russia’s Two Giants Diverge in Bond Market Amid Sub-$30 Oil B *

Oil – The ND Crude That’s Worth Less Than Nothing B *

Oil – ‘Some See Age of Oil Coming to End’ B *


HEALTH



ENDNOTE

2012 French presidential election; Red=Hollande, Blue=Sarkozy motw *


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