24 September 2015



Today’s Issue Cluster: China

Autos – VW: Emissions Tests Come Under Global Scrutiny
Rice – Weather Cuts Crop in Southern US
Oil – Sasol bets on shale gas with $9b plant


MAJOR DATA POINTS

Germany – Oct: GfK consumer climate index dropped; 9.6 from 9.9 / AP *

Germany – Sep: Ifo business climate index rose; 108.5 from 108.4 / AFP *

US – Aug: New-Home Sales Up; +5.7% / WSJ / cr *

US – Aug: Durable Orders Fall; +2.0% from -1.9% / WSJ / R / AP

US – Week: Jobless claims tick up; +3k to 267k / WSJ / AP


MARKETS

China – A Big Bet That The Currency Will Devalue Further NYT / FT *

China – A Few Winners in Struggling Stock Market WSJ *

China – HK Stocks Still Cheap Despite Cash Inflows Into City WSJ *

China – HK competition law to tame the tycoons B *


ECONOMICS

China – Economic Outlook Too Grim, Survey Shows WSJ / FT *

China – Economy Bigger Than It Seems? WSJ *

China – Signs point to deepening distress FT

China – Revs up its bid for WTO market economy status FT

China – Pledges Economic Reforms WSJ / FT *

China – Unveils Overhaul of Bloated State Sector WSJ / FT / AP / E * *

China – Lots of money is escaping porous capital controls E *

China – Ties lose lustre as Iran refocuses on trade with west FT *

China – US states deepen commercial ties FT * *

China – US Presses Firms to Raise Complaints WSJ / NYT *


POLITICS & FISCAL POLICY

China – Cyber Sleuths Track Hacker to Military WSJ / NYT *

China – How Asia views each other e *


MONETARY POLICY



FINANCE



REAL ESTATE

China – House prices rebound — how come? FT * * * *

China – Home Prices Rose in 35 of 70 Cities / b *

China – ‘Property is once again becoming the asset of choice’ ft *


LABOR & EDUCATION

China – Factories struggle to fill production lines FT

China – Workers Stumble as Factories Stall WSJ *


SERVICES



MANUFACTURING

Autos – VW: CEO Resigns Over Emissions Scandal WSJ *

Autos – VW: Scandal set to choke diesel car industry FT / R * *

Autos – VW: US carmakers hit by scandal reverberations FT

Autos – VW: Emissions Scandal Puts European Rivals on Offensive WSJ *

Autos – VW: Other Diesel Ruse: Premium Pricing B *

Autos – VW: Scandal dents trust in battered sector FT * *

Autos – VW: Emissions Tests Come Under Global Scrutiny NYT / FT *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Rice – Weather Cuts Crop in Southern US B *

Rice – Japan’s consumption is falling fast FT / AS * *


ENERGY & ENVIRONMENT

Oil – Fracking Firms That Drove Boom Struggle to Survive WSJ

Oil – Energy Lending Caught in a Squeeze WSJ *

Oil – Financial support fades for US shale drillers FT *

Oil – Slide forces companies to rethink how they operate FT / FT * *

Oil – Sasol bets on shale gas with $9b plant FT *


HEALTH



ENDNOTE

The pope’s visit could be an ominous sign for the stock market bi *


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