29 October 2015



Today’s Issue Cluster: Oil

Japan – Are JGBs on the edge of extinction?
US – Homeownership Increases, Household Formations Rise
Autos – VW: EU failed to heed emissions warnings in 2013


MAJOR DATA POINTS

Japan – Sep: Industrial Production Unexpectedly Rises; +0.6% not -0.6% / B / AFP

Germany – Oct: Unemployment drops; 6.0% from 6.2% / AP / AFP

Germany – Nov: GfK consumer confidence slipping; 9.4 from 9.6 / AP

US – Q3: Economic Growth Cools on Inventories WSJ / FT / R / NYT / AP / B *

US – Sep: NAR Pending Home Sales Index Down; -2.3% not +1.0% / WSJ / R

US – Week: Jobless claims rise; +1k to 260k / R / B


MARKETS

Japan – Are JGBs on the edge of extinction? N *


ECONOMICS

Japan – Price index shows inflation surge amid economic gloom FT

Japan – Finds ‘Abenomics’ Is Not an Easy Fix NYT

Japan – Credibility on the line FT * * *


POLITICS & FISCAL POLICY



MONETARY POLICY

BOJ – Faces Pressure to Act on Economy WSJ / B *

Fed – Signals Hike ‘at Next Meeting’ WSJ / R / AP / NYT / WSJ *

Fed – Drops warnings on global risks to US economy FT *

Fed – Sees ‘Moderate’ Expansion B / b *


FINANCE

Asia – Help Not Wanted: Investment Banks Turn Cool on Hiring WSJ *


REAL ESTATE

US – Home values and rents defying global slowdown AP

US – Crowdfunding deals gains momentum R

US – Homeownership Increases, Household Formations Rise nahb / hw * *


LABOR & EDUCATION



SERVICES

Media – Facebook’s Instant Articles Could Mean Less Traffic For Websites WSJ

Media – Magazines Try New Tactic: Money Back if Ad Fails to Deliver WSJ *


MANUFACTURING

Autos – VW: Slumps to first net loss in 15 years FT *

Autos – VW: Issues profit warning for full year WSJ *

Autos – VW: Analysts slash their earnings outlook WSJ *

Autos – VW: EU failed to heed emissions warnings in 2013 FT / FT *

Autos – VW: Europe’s Plans to Test Cars’ Emissions Are Criticized NYT


TECH

Social – Facebook goes slow with ‘2G Tuesdays’ for developers FT *

Social – Apple and Twitter: age before beauty FT *

Social – Survey Finds Teens Prefer Instagram, Twitter, Snapchat wsj *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – After Years of Decline, US Imports Rise WSJ *

Oil – Crude Heads East, Leaving an OK Pipeline Unusually Empty B *

Oil – Pipeline problems hinder Canada exports FT / FT * * *

Oil – Canada patch woes deepen as spending cuts mount G&M *

Oil – Firms Face Reality of Sustained Low Prices WSJ *

Oil – Cash Crunch Clouds Future for Firms WSJ / FT *

Oil – BP Details Plans to Cope With Weaker Prices WSJ *

Oil – ‘Shale Profits Beating Big Rivals’ fb *

Oil – Central Asian importers hit the buffers FT * *

Oil – Exporters, Middle East and N. Africa / e *


HEALTH



ENDNOTE

Population of Tokyo, measured in US city equivalents reddit *


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