23 March 2016



Today’s Issue Cluster: Oil

EU – Scared of China’s Slowdown? The Real Risk Is the US
Germany – Plans Most New Homes in 15 Years as Cities Fill Up
Rubber – Gluts and low prices have growers on the ropes


MAJOR DATA POINTS

US – Feb: New home sales rebound; +2.0% / R


MARKETS

EU – ECB policy spurs corporate bond sales FT *

EU – Europe Inc. Rushes to Sell Bonds as ECB Gets Set to Buy WSJ *

EU – Bond investors ready to back periphery for bigger return FT *


ECONOMICS

EU – Scared of China’s Slowdown? The Real Risk Is the US B *

EU – Economists cutting forecasts, except Spain / b *

Germany – In “downswing” mode but making progress in March / ifo *


POLITICS & FISCAL POLICY

EU – Five Countries Will Breach the Deficit Rule This Year B *

EU – These Eight Countries Are in the Budget Danger Zone B *

EU – How Italy fell out of love with the EU FT * *

Russia – A strategy of spectacle E * * *


MONETARY POLICY

ECB – Doing Whatever It Takes Can’t Push Banks to Lend B * *


FINANCE

EU – Banks warn of risks of ultra-loose policy FT


REAL ESTATE

Germany – Plans Most New Homes in 15 Years as Cities Fill Up B *

Germany – Europe’s Best Housing Market WSJ *


LABOR & EDUCATION

EU – In France and Spain, older people earn more than younger WSJ *

Germany – Companies Raise Caution Amid Surge of Migrants WSJ *


SERVICES



MANUFACTURING



TECH

Cloud – Google’s Computing Service Lures High-Profile Clients WSJ / R

Cloud – Apple signs up to Google services FT / WSJ


TRADE & TRANSPORTATION



COMMODITIES

Palm Oil – Dearth lifts soybeans FT *

Rubber – Gluts and low prices have growers on the ropes N *

Cotton – China’s Soft Power Tested as Sale of Stockpile Looms WSJ *


ENERGY & ENVIRONMENT

Oil – Libya joins Iran in snubbing freeze R

Oil – Saudi Arabia will freeze output without Iran FT

Oil – US shipments ease despite demise of export ban FT *

Oil – Drillers Can’t Replace Lost Output as $100 Inheritance Spent B *

Oil – ‘Stealth’ supply becomes reality as US drillers turn on ‘ducks’ R *

Oil – Fracking production in the US / FT *

Oil – Why the Glut Might Not Fill Swimming Pools After All B *

Oil – Tally of unaccounted for crude hit highest level in 17 years WSJ *

Oil – Bondholders suffer $150b hit FT *

Oil – $3t debt mountain threatens further destabilization FT * *

Oil – US energy workers hit hard by company stock bets R *

Oil – Regulator Urges Canadian Banks to Review Reserves WSJ *

Oil – Price crash has far-reaching consequences FT * *


HEALTH



ENDNOTE

Most Common Surnames in Europe motw *


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