28 July 2014



Today’s Issue Cluster: Metals

Ukraine – Europe Toughens Stance against Putin
Mobiles – India prepares for ‘big bang’ in smartphone use
TTIP – US-EU trade talks sour amid chlorine chicken fears


MAJOR DATA POINTS

US – Jun: Pending home sales unexpectedly fell; -1.1% / R / WSJ / B *


MARKETS



ECONOMICS

EU – UK: Longest slump in a century ends FT / FT / ft * * * * * * * *

EU – France: Rich Fleeing Hollande Taxes Find Portugal Haven B

EU – Greece: A fragile calm FT / E / B / R * * * *


POLITICS & FISCAL POLICY

Ukraine – Germany set to back sanctions FT / WSJ *

Ukraine – Europe Toughens Stance against Putin S *


MONETARY POLICY

ECB – ‘Euro Zone Relies Too Much on Bank’ WSJ / FT *

ECB – No euroarea member met inflation target in June / b *


FINANCE

Brazil – Rousseff injects $20bn into banking sector FT / WSJ * *


REAL ESTATE

UK – London Housing Market Stagnates as Hometrack Sees Rapid Cooling B

UK – House Prices Rise as London Surge Hits Record, ONS Says B / FT

UK – London property market ‘losing momentum’, says Rics FT

UK – ONS data weaken case against mansion tax FT *

UK – London Mapped; Green = social, blue = rent, orange = mortgage, red = wholly-owned G *


SERVICES

F&B – Moscow launches Mac attack in beef with west FT / WSJ

F&B – Rapid China expansion comes back to bite western food chains FT *

F&B – Japanese Food Firms Eye Southeast Asian Markets WSJ *


MANUFACTURING



TECH

Mobiles – BlackBerry looks to partnerships FT / FT * *

Mobiles – Apple iPhone Rollout Boosts Asia’s Component Makers WSJ *

Mobiles – Tablet magic wanes as Jobs’ dream realised FT * *

Mobiles – India prepares for ‘big bang’ in smartphone use FT

Mobiles – Ready to Wear? Bn * * *


TRADE & TRANSPORTATION

WTO – India’s ‘cereal economy’ threatens deal FT / WSJ / FT / wsj * * *

TTIP – US-EU trade talks sour amid chlorine chicken fears AP / FT


COMMODITIES

Metals – Steel: Nucor confident of favorable rulings vs import ‘tsunami’ R

Metals – Steel: Iron miners ramp up output to offset price weakness FT

Metals – Steel: Brittle View of China Demand WSJ *

Metals – Aluminium: Prices hit 17-month highs FT *

Metals – Rhodium: Poised for Biggest Monthly Advance Since 2009 B / q *

Metals – Lead: Jumps to highest in eight months FT

Metals – Gold: China demand falls by a fifth FT / WSJ / WSJ

Metals – Gold: Miners Trim Costs While Waiting For Next Rally IBD

Metals – Gold: Glow Dims, Even in Rockets’ Red Glare WSJ *

Metals – Palladium: Gain Sets Up Platinum Switch in Cars B *

Metals – Platinum: Anglo American to shed assets FT / R

Metals – South Africa: Open to curbs on strike action FT

Metals – China: Base metals import picture fragments r * *


ENERGY & ENVIRONMENT

Carbon – Australian Repeal Deals Blow to Global Emission Plans WSJ / r / r * *


LABOR & EDUCATION

EU – France: The Number That Many Businesses Fear NYT

EU – France: A union walkout shows how hard reform will be E *

EU – Germany: Woos Immigrants for Skilled Workers NYT

EU – Germany: Approves Minimum Wage From 2015 WSJ / AP / FT / NYT

EU – Computerisation: 54% of jobs at risk bruegel *


HEALTH

Ebola – Latest outbreak is getting worse r / B / AP / WSJ *

Ebola – Outbreak poses threat to African economies FT *


ENDNOTE

The Middle East Friendship Chart slate / bp *


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