28 October 2014



Today’s Issue Cluster: Airlines

Germany – BASF, an Industrial Pillar, Leans Abroad
UK – Mansion Tax Cutting London Luxury Prices Before It Exists
Aluminum – Why China blurs the global picture


MAJOR DATA POINTS

US – Aug: Home-Price Growth Continues to Moderate; +5.1% from +5.6% / WSJ / B *

US – Sep: Durable Orders Fall; -1.3% from -18.3% / B / WSJ / R / AP *

US – Oct: Consumer Confidence Unexpectedly Jumps; 94.5 from 89.0 / WSJ / AP *


MARKETS



ECONOMICS

Germany – Gloomy forecasts sap hopes for economy FT *

Germany – BASF, an Industrial Pillar, Leans Abroad NYT

Germany – Bets on ‘Smart Factories’ to Keep Edge WSJ


POLITICS & FISCAL POLICY

Ukraine – Turning point as reformists celebrate poll victory FT / WSJ / B *

Ukraine – Ruble Faces New Wave of Pressure WSJ *

Ukraine – Sanctions, Oil Prices May Harm Russian Economy, Ministers Warn WSJ

Ukraine – Western analysts fear blowback from Russia sanctions FT

Ukraine – Russia’s Economy Stalls WSJ *


MONETARY POLICY



FINANCE

EU – Bank stress tests fail to tackle deflation spectre FT / NYT * *

EU – Stress-Test Results Have Isolated Errors, Inconsistencies WSJ *

EU – National differences loom in provisions banks will have to make FT *

EU – CoCo: Stress Tests Make Bonds Sweeter WSJ

EU – Italy: Rules out public money for banks that failed stress tests FT / WSJ / R *

EU – Spain: A Bigger Test Is Ahead WSJ

EU – France: Alternative stress tests find banks are weakest in Europe FT *


REAL ESTATE

UK – London Market Shows Signs of Cooling WSJ / B

UK – Mansion Tax Cutting London Luxury Prices Before It Exists B

UK – London’s luxury housing market freeze intensifies FT *

UK – Lenders warn Bank of England over risks to mortgage market FT


SERVICES

Media – Pandora Hits a Discordant Growth Note WSJ

Media – The Spotify effect FT

Media – Apple iTunes Sees Big Drop in Music Sales WSJ *

Media – Artists Press for Their Share FT / WSJ *


MANUFACTURING



TECH

PCs – Apple’s Surprising Growth Driver: the Mac WSJ *

PCs – Emerging Market Slump Prevents Growth / statista *


TRADE & TRANSPORTATION

Air – European Lines Miss Full Benefit of Lower Fuel Costs WSJ *

Air – Lines Post Strong Profits, Offer Bullish Outlooks WSJ

Air – Lines increasing load factors wapo * *

Air – Southwest Hangs Up Its Low-Cost Jersey BW *

Air – Dubai looks to cement its super-hub status with $32b investment FT * *

Air – Record claims to boost price of insuring planes against attack R *


COMMODITIES

Metals – LME taps China investors’ metals interest FT *

Nickel – Slides to Near Eight-Month Low as Stockpiles Climb WSJ

Aluminum – Why China blurs the global picture r * * *


ENERGY & ENVIRONMENT

Oil – Wall Street Reins In Bullish Calls WSJ *

Oil – Gas at $3 Carries Rewards—and Risks WSJ /

Oil – US and friends benefit from falling prices; its critics don’t E * *

Oil – Markets: break-even bad FT *

Oil – ‘Shale Producers Cramming Wells in Risky Push to Extend Boom’ B

Oil – India’s ONGC plans $180b spending spree FT *


LABOR & EDUCATION



HEALTH



ENDNOTE

In this linguistic map, the London tube becomes a window into ethnic diversity wapo *


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