23 June 2014



Today’s Issue Cluster: US Real Estate

Space – Sharper satellite images allowed, as US loosen rules
Dairy – The mysterious case of America’s plummeting milk consumption
Pharma – Early Results Arrive on Weight-Loss Pills That Expand in the Stomach


MAJOR DATA POINTS

China – Jun: HSBC flash PMI shows first expansion in six months; 50.8 from 49.4 / R / WSJ / B / AP / NYT / m *

EZ – Jun: Markit Business Activity Slows; 52.8 from 53.5 / WSJ / FT / B / NYT / m *

US – Jun: Markit manufacturing expands at fastest rate in four years; 57.5 from 56.4 / R / r *

US – May: NAR existing home sales surges; +4.9% / R / B / r *


MARKETS

Argentina – Sovereign bond default case shifts power to creditors FT / WSJ / R / AP / B


ECONOMICS

World – IMF Cuts US 2014 Growth Forecast to 2% WSJ / B

World – Evolution of IMF US GDP Forecasts / b *

World – Evolution of IMF China GDP Forecasts / b *

World – How the financial crisis made everyone poorer e *


POLITICS & FISCAL POLICY

Ukraine – Rebels beg Russia for help as fighting rages AP / WSJ / FT / NYT *


MONETARY POLICY

BOE – CBI president warns against early rate rise FT / WSJ / AP / WSJ / B

BOE – Investors bet on rate rise by year-end FT *


FINANCE

US – BNP Near Settlement for Up to $9b WSJ *

US – Bailout Lets a Few Lucky Banks Off the Hook WSJ *

US – Automakers driving banks from buoyant new car market R

US – Banks seen falling short of new debt funding rule R *


REAL ESTATE

US – Drop in Short Sales Trims House Inventory WSJ *

US – Housing Numbers Reflect Shift in American Dream WSJ *

US – The Downside of Low Interest Rates: Reluctant Home Sellers wsj *

US – Realtors, Builders Differ on Need for New Homes wsj *

US – Economists Pare Down Their Housing Addition wsj *

US – Builders’ Shift to More Home Construction Might Take 1-2 Years wsj * *

US – Lenders Open Vault for Hotel Deals WSJ *

US – Cities in South, West to Grow Fastest WSJ *

US – Metropolitan Areas With Rising/Declining Home Prices / b *

US – AIA Architecture Billings Index increased / cr *


SERVICES



MANUFACTURING

Space – Sharper satellite images allowed, as US loosen rules CBC

Space – Satellite launches: the final frontier FT *

Space – To boldly go … and clean up R * *


TECH

Internet – France lashes out at Icann FT / WSJ / q

Internet – France Seeks to Further Tighten Regulation of US Firms WSJ

Internet – Google Considering Investment in New Trans-Pacific Cable WSJ *

Internet – Forget Africa: Machine-driven NA is growing much faster q * * *


TRADE & TRANSPORTATION

Air – Oil price turbulence hits European lines FT *


COMMODITIES

Dairy – The mysterious case of America’s plummeting milk consumption wapo * * *

Dairy – America’s Got Milk and China Wants It BW *


ENERGY & ENVIRONMENT

Oil – Iraq violence lights fuse to price spike FT *

Oil – Kurds’ Takeover of of Kirkuk Strengthens Their Hand WSJ *

Oil – Asia Soaks Up Excess WSJ *

Oil – Production / e *


LABOR & EDUCATION



HEALTH

Pharma – Early Results Arrive on Weight-Loss Pills That Expand in the Stomach NYT

Pharma – Health Plans Bring Pressure to Bear on Drug Prices NYT

Pharma – Inversion Frenzy Rocks Drug Sector WSJ *


ENDNOTE

Web of world trade ei *


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