23 January 2014



Today’s Issue Cluster: Alternative Energy

World – Rising CEO confidence in economy
Australia – Record Loan Spree as House Prices Soar
Retail – A ‘tsunami’ of store closings expected to hit retail


DATA POINTS

China – Jan: HSBC flash PMI falls, first contraction in six months; 49.6 from 50.5 / R / B / WSJ * *

China – 2013: Fiscal revenue rises; +10.1% / X / WSJ *

Japan – Oct: Price Gauge Rises Most Since 1998; +0.3% / B

SK – Q4: Expansion Matches Estimates; +0.9% from +1.1% / FT / B

EZ – Jan: Markit Business Activity Picks Up; 53.2 from 52.1 / WSJ / FT / B / R

EZ – Jan: Household confidence rose; -11.7 from -13.5 / B

Spain – Q4: Jobless rate remains high; 26.03% from 25.98% / B / AP / FT / WSJ

Ireland – Dec: House Prices Rise; +0.3%, +6.4% yr / WSJ

Canada – Nov: Retail sales hit record on winter gear and cars; +0.6% / B / R *

US – Week: Jobless Claims Up; +1k to 326k / WSJ / AP / R / B *

US – Jan: Markit manufacturing growth slows; 53.7 from 55.0 / R *

US – Dec: Conf Bd Leading Indicators Rose; +0.1% from +1.0% / B / AP

US – Nov: NAR Home Prices Rise Small as Recovery Slows; +0.1% / B

US – Nov: NAR Home sales edged up; +1.0% / AP / R / WSJ *


MARKETS

EMs – IMF warns on exposure to capital flight FT / WSJ * * * *

EMs – ‘Two-Track Future Imperils Global Growth’ WSJ *


ECONOMICS

World – Rising CEO confidence in economy R *


POLITICS & FISCAL POLICY

Ukraine – Protesters pour into Kiev as fears of violence grow FT / WSJ / AP / R / B / NYT / R

Ukraine – Political crisis hits its currency FT *

Ukraine – Yanukovich railroads towards police state FT

Ukraine – Ukrainian vs. Russian Language According to a Social Network / motw *


MONETARY POLICY

BOJ – Sticks to Record Easing as Inflation Picks Up WSJ / FT / B / K

RBA – Australia Inflation Jump Deepens Rate Dilemma WSJ / B

ECB – To Maintain Easy-Money Policies for Extended Period WSJ

BOE – In no rush to raise rates as unemployment plunges FT / R / WSJ / ft / bi / FT * * *

BOC – Holds rate as inflation fears weigh R / B / CP / FP / G&M * *

RBI – India mulls inflation targeting FT / WSJ / R / PTI / wsj *


FINANCE

World – Costliest disasters in 2013 r *


REAL ESTATE

Australia – Record Loan Spree as House Prices Soar B / B


SERVICES

Retail – Banks and stores trade barbs over data breaches R

Retail – Version of Target Malware Linked to Young Russian WSJ

Retail – A ‘tsunami’ of store closings expected to hit retail CNBC


MANUFACTURING

Planes – Boeing Adding Workers to Address Dreamliner Problems WSJ / R

Planes – Business-Jet Makers Predict Sales Rebound WSJ / R / FT


TECH

Netflix – Added more than 2m US customers last quarter FT / WSJ / NYT / AP / B / R / IBD / WSJ / q * * *

eBay – Icahn Calls for PayPal Split FT / WSJ / R / IBD *

Amazon – Lucrative Role as Middleman WSJ *


TRADE & TRANSPORTATION



COMMODITIES

Water – Severe Drought Grows Worse In California NYT / WSJ / FT / AP * *

Water – China’s shortage is so bad it could turn out the lights q * *

Water – Dams Threaten Europe’s Last Wild Rivers S *


ENERGY & ENVIRONMENT

Alt – EU sets out new climate change goals FT / WSJ / NYT / R / B / AP / WSJ / S / FT / WSJ *

Alt – Doldrums And Clouds Bring Green Electricity Production To A Halt in Germany Welt *

Alt – German industrial base at risk if green energy shift fails R / WSJ / NYT / FT *

Alt – Solar: Utilities Feeling Rooftop Heat Start Fighting Back B / wapo / AP * *

Alt – Solar: Catching Rays in CA, and Storing Them NYT * *

Alt – Solar: Projects finally getting boost in NY AP *

Alt – Solar: Sharp says to end panel production in US R

Alt – Solar: China pledges further support for industry R

Alt – Solar: China sets final duties on US materials R / CD


LABOR & EDUCATION

China – Shoppers will have to pay more as the world’s factory comes under wage and labour strain FT / B * * *


HEALTH



ENDNOTES

Apple computers are 30 years old: Macintosh 128k vs iPhone 5c q *


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