24 June 2014



Today’s Issue Cluster: Nicotine

Dubai – Faces moment of truth over looming property bubble
Coffee – A flying beetle in India threatens to push up latte prices
Apple – ‘Jobs is to Lennon what Cook is to Ringo’


MAJOR DATA POINTS

Germany – Jun: Ifo Business Confidence Falls More Than Expected; 109.7 from 110.4 / WSJ / AP / B / r *

US – May: New home sales hit six-year high; +18.6% / R / B / AP / WSJ / r *

US – Apr: Case-Shiller Home Prices’ Growth Slower Than Expected; +10.8% from +12.4% / WSJ / R / B / r *

US – Jun: ConfBd consumer confidence rises; 85.2 from 82.2 / R / B / AP / r *


MARKETS

EU – Spain Bond-Sale Push Has Slow Start WSJ *

EU – Spain Unveils Sweeping Cuts on Income, Corporate Taxes WSJ / FT / NYT *

EU – Spain ‘Ugly debt trajectory yet record-low yields’ / b *


ECONOMICS

EU – Deleveraging creating economic headwinds wapo *

EU – Weak inflation remains widespread / b *

EU – Record number of categories with inflation less than 1% / b *

EU – Inflation expectations still falling / b *

EU – Greece: Will the IMF Apologize? WSJ *

EU – France seeks to shed reputation for rudeness to woo tourists FT * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

EU – Too soon to celebrate loan parcel revival FT *

EU – ‘The shrinking of British banks is bad for their employees, the City and Britain’ E *

EU – ‘Counting the cost of finance’ E *


REAL ESTATE

Dubai – Faces moment of truth over looming property bubble R

Dubai – Is this the crash? ft * *

Dubai – Stock market suffers heavy tumble FT / WSJ


SERVICES

E-Cigs – Could stub out tobacco bonds sooner than thought R

E-Cigs – A Bolder Effort by Big Tobacco NYT / FT / AP *

E-Cigs – Mostly used by young smokers, would-be quitters R * *

E-Cigs – May Get Advantage for Not Containing Tobacco B

E-Cigs – Smokers Draw on Apps to Quit WSJ *

Cigs – Big Tobacco squares up as EU rules aim to track every pack R

Cigs – Russian Consumption Drops 12% on Antismoking Rules WSJ

Cigs – Australians stub out cigarettes in wake of plain-pack law FT

Cigs – US High-School Students Smoking Less WSJ *

Cigs – Percentage of Smokers by US State / motw *

Smokeless – Rate of use in US unchanged: CDC R

Pot – Sets Off Penny Stock Frenzy B * *

Pot – The world’s most valuable marijuana business is getting more valuable q * *


MANUFACTURING



TECH

Apple – ‘Jobs is to Lennon what Cook is to Ringo’ NYT / q * * *

Facebook – Growth Prospects q * *


TRADE & TRANSPORTATION



COMMODITIES

Cocoa – Deficit puts the squeeze on chocolate bars FT / FT * * *

Cocoa – Farmers are still making a pittance q * *

Cocoa – Plantation groups eye potential FT

Cocoa – Aging farmers, low-yield crops hurt Cameroon’s ambitions R

Coffee – A flying beetle in India threatens to push up latte prices R *


ENERGY & ENVIRONMENT

Carbon – Justices limit existing EPA global warming rules AP / WSJNYT / FT / AP *

Carbon – Australia’s Abbott Revives Proposal to Scrap Price Levy B

Carbon – EU May Decide on Reform by Mid-2015, Delbeke Says B

Carbon – US states consider trading schemes FT

Carbon – Global Growth of Pricing WB *


LABOR & EDUCATION



HEALTH



ENDNOTE

Local weathercasts purposely exaggerate their rain forecasts to improve ratings rso / NYT *


Comments are closed.