27 March 2014



Today’s Issue Cluster: Natural Gas

Australia – Ramps Up Warnings on Surging House Prices
Crops – Soybeans: Chinese Pigs Cut US Supply to 1965 Low
Facebook – With Google Own the Future Advertising


DATA POINTS

UK – Feb: Retail sales rebound; +1.7% from -2.0% / B / R *

Italy – Mar: Business Confidence Rises to Highest Since June 2011; 99.2 from 99.1 / B

US – Q4: Economic growth is revised slightly up; +2.6% was +2.4% / AP / WSJ / NYT / FT / R / B

US – Feb: NAR pending home sales fall to lowest level since October 2011; -0.8% / R / B / WSJ

US – Week: Applications for jobless aid dip to 4-month low; -10k to 318k / AP / WSJ / R / B


MARKETS

Yuan – Reforms Seen Pushing Asset Markets Into World’s Top Two WSJ

Yuan – Use as Global Payment Currency Falls WSJ

Yen – Investors Are Pulling Out of Bets Against Currency WSJ *


ECONOMICS

UK – Public finances still terrible FT *

UK – Insurers reel from loss of money spinner FT *

UK – Osborne boosts government support for exporters FT *


POLITICS & FISCAL POLICY

Ukraine – IMF offers Kiev up to $18b in loans FT / WSJ / NYT / B / R / AP

Ukraine – World Bank warns of risks for Russia’s economy AP / FT / WSJ *


MONETARY POLICY

ECB – Faces Uncharted Waters With Negative Deposit Rate WSJ


FINANCE

China – Central bank steps in to calm China bank run FT

China – Spooked by defaults, banks begin retreat from risk R / WSJ


REAL ESTATE

Australia – Ramps Up Warnings on Surging House Prices WSJ / ABC / SMH *


SERVICES



MANUFACTURING



TECH

Facebook – Plays platform catch-up with $2b Oculus deal FT / NYT / B / AP / R * * * *

Facebook – Cash, Paranoia Fuel Tech Giants’ Buying Binge WSJ *

Facebook – With Google Own the Future Advertising q / WSJ * * *


TRADE & TRANSPORTATION

Ship – LA area Port Traffic Down year-over-year / cr *

Truck – ATA Index increased / cr *

Auto – DOT Vehicle Miles Driven increased 1.3% / cr *

Rail – US Traffic Shows Expansion / pc *


COMMODITIES

Crops – Wheat: Ukraine crisis stokes fears FT *

Crops – Soybeans: Chinese Pigs Cut US Supply to 1965 Low B

Livestock – Lean Times for China’s Pork Producers WSJ *

Livestock – Futures Prices Are Going Hog-Wild WSJ *

Livestock – Spain’s Pig Farmers Raise Stink Over Subsidy Cuts WSJ *


ENERGY & ENVIRONMENT

NatGas – Ukraine Starts Talks With Slovakia for Importing From EU B

NatGas – Ukraine Crisis Spells Opportunity for Asian Buyers WSJ

NatGas – Gazprom deal in Germany raises alarm FT

NatGas – US lawmakers to weigh speeding up LNG exports to help Europe, Ukraine R

Shale – Ukraine Crisis Spurs Calls for Europe to Rethink Fracking WSJ *

Shale – OH Looks at Whether Fracking Led to 2 Quakes NYT

Shale – Boom Creates Chances for Propane Sales to China WSJ

Shale – China on Course to Exceed 2015 Target With Fuling Find B / WSJ / CD / CD


LABOR & EDUCATION



HEALTH



ENDNOTES

These Charts Reveal How To Negotiate With People Around The World bi *


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