29 January 2015



Today’s Issue Cluster: Venezuela

Chips – Samsung business helping limit pain of smartphone swoon
Pipeline – Plan to bring Western gas to Balkans seen closer
NatGas – After half a decade apart, prices converge


MAJOR DATA POINTS

Germany – Jan YTD: Oil’s fall pushes into deflation; -0.5% / FT / B *

Spain – Dec: Retail sales see largest rise in 11 years; +6.5% / B *

US – Dec: NAR pending home sales drop more than expected; -3.7% / R / B /

US – Week: Jobless Claims Plunge to 15-Year Low in Holiday Week; -43k to 265k / B / WSJ / R *


MARKETS

Currencies – Central Bankers Ramp Up Wars WSJ *

Currencies – Renminbi joins top five most-used currencies FT / WSJ *


ECONOMICS

Venezuela – Currency woes an increasing threat to US corporate profits R / B

Venezuela – In a bind as Maduro faces default dilemma FT * * *

Venezuela – Empty shelves and rhetoric E *

Venezuela – Oil price rout forces rethink of petro-diplomacy FT *

LatAm – South American nations struggle to find new economic model FT * *


POLITICS & FISCAL POLICY

Greece – Markets hammered as fears grow over new government FT / NYT *

Greece – New Leaders Act Swiftly to Reverse Austerity WSJ

Greece – Eurozone leaders reject debt relief demands FT / WSJ / FT *

Greece – Alarm bells ring over Syriza’s Russian links FT / WSJ

Greece – EU holds back on tougher Russia sanctions FT / AP


MONETARY POLICY

Fed – Flags Midyear Rate Hike—Or Later WSJ / NYT / FT / B / AP / R / B * * * *

Fed – Reality Show on Rates Doesn’t Convince WSJ *

Fed – A Midsummer Disinflation Nightmare? wsj * *

Fed – Wage rise puzzle tests Yellen FT / R / WSJ


FINANCE



REAL ESTATE



SERVICES



MANUFACTURING



TECH

Chips – China Looks to Prop Up Domestic Makers WSJ *

Chips – Investors Shouldn’t Cash in Just Yet WSJ *

Chips – Samsung business helping limit pain of smartphone swoon N / WSJ *

Mobiles – Samsung, Apple Back in Dead Heat WSJ *


TRADE & TRANSPORTATION

Pipeline – Plan to bring Western gas to Balkans seen closer R *

Pipeline – Russia Presses Ahead With Plan for Gas Project to Turkey NYT / MT / WSJ *


COMMODITIES

Cocoa – Once Hot, Is Facing a Chill WSJ *

Cocoa – Chocolate trade seeks boost as prices fall FT * * *


ENERGY & ENVIRONMENT

NatGas – NY’s Missing Storm Buries Prices WSJ *

NatGas – After half a decade apart, prices converge R *


LABOR & EDUCATION



HEALTH



ENDNOTE

Another Plunging Economic Indicator: The Fed Yammering Index wsj *


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