23 February 2016



Today’s Issue Cluster: Planes

BOJ – Kuroda’s ‘Bazooka’ May Be Out of Ammunition
Crops – Tightening credit heralds more pain in US farming downturn
Oil – Supply growth plunging, with US taking biggest hit for now


MAJOR DATA POINTS

Germany – Feb: Ifo Business Sentiment Falls; 105.7 from 107.3 / B / R

US – Feb: ConfBd Consumer Confidence Falls; 92.2 from 97.8 / WSJ

US – Jan: Existing-Home Sales Rise; +0.4%, +11.0% yr / WSJ

US – Dec: Case Shiller housing index rose; +5.7% from +5.7% / R / B / WSJ


MARKETS

Japan – Yen Just Keeps Getting Stronger WSJ *

Japan – Funds seek exemption from negative interest rates FT *


ECONOMICS

Japan – Sliding Profits Pressured as Yen Rocks Abenomics WSJ *


POLITICS & FISCAL POLICY

Japan – Market Meltdown Threatens Economic-Revival Plan WSJ / FT


MONETARY POLICY

BOJ – Baffled by Negative Reaction to Negative-Rate Policy WSJ

BOJ – Kuroda’s ‘Bazooka’ May Be Out of Ammunition WSJ


FINANCE

Japan – Banks Brace for Negative Rates WSJ *


REAL ESTATE

Japan – Golf courses being converted into solar farms FT


LABOR & EDUCATION

Japan – Higher Profits, Not Wages WSJ *


SERVICES



MANUFACTURING

Planes – Market: Boeing grapples with production challenges FT *

Planes – Market: Airbus and Boeing have less to fear from aviation cycle E *

Planes – A380: IAG says looking to lease second hand R / WSJ

Planes – 747: Boeing to Cut Production WSJ / R / FT / B

Planes – 737: Boeing Beats Out Bombardier, Embraer for United Orders WSJ / WSJ

Planes – Bombardier: To slash 7k jobs R / NYT / WSJ / FT

Planes – Bombardier: Win for C Series Too Late to Save 7k Jobs B / FT *

Planes – Bombardier: Canada likely to aid struggling company R

Planes – Bombardier: Struggling to Build Bigger Planes B *

Planes – Gulfstream: You’ll Have to Wait Years B


TECH



TRADE & TRANSPORTATION

Ship – CMA CGM May Abandon Alliances With Two Rival Lines WSJ

Ship – Commodity Slump Puts Dry-Bulk on Hold WSJ *

Ship – Hong Kong’s Port Is Caught in a Storm WSJ *

Ship – Philippines port congestion set to worsen FT *

Ship – LA area Port Traffic Increases / cr *


COMMODITIES

Crops – Tightening credit heralds more pain in US farming downturn R *

Crops – UK farmers rack up record debts FT

Crops – Time running out for EU wheat exports after lost Egyptian sales R *


ENERGY & ENVIRONMENT

Oil – Supply growth plunging, with US taking biggest hit for now IEA


HEALTH



ENDNOTE

How many official languages every country has am *


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