3 February 2014



Today’s Issue Cluster: European Politics

RBA – Australia’s home-brewed inflation a hangover for central bank
Retail – Newly Wary, Shoppers Trust Cash
Gold – Indonesian miner turns to alternative to counter export ban


DATA POINTS

China – Jan: Manufacturing Gauge Falls to Six-Month Low; 50.5 from 51.0 / B / R / WSJ / FT / X

China – Jan: Official services PMI fell; 53.4 from 54.6 / NYT / X

India – 2013: Slashes Growth Figure; +4.5% was +5.0% / WSJ *

Thailand – Jan: Inflation Accelerates; 1.93% from 1.67% / WSJ

EZ – Jan: Markit final Manufacturing PMI rose; 54.0 from 52.7 / R / WSJ / FT

UK – Jan: Markit Manufacturing Grows as Expansion Cools; 56.7 from 57.2 / B / WSJ

US – Jan: ISM Manufacturing Growth Slows as New Orders Plunge; 51.3 from 56.5 / R / B / WSJ / AP / b * *

US – Dec: Construction spending up; +0.1% from +0.8% / AP / R *


MARKETS

Frontier – Rope In Investors WSJ *


ECONOMICS

Brazil – Budget Gap Widens to Highest Level in Four Years WSJ *

States – Battles Loom Over What to Do With Surpluses NYT / WSJ *


POLITICS & FISCAL POLICY

Scotland – Has all the ingredients to be a viable nation state FT * * * * * *

Scotland – Exports would be worth almost £100b after independence FT *

Scotland – Lloyds and RBS: too big for independence FT

Scotland – Spain promises non-interference FT

Catalonia – Academics Press Separatist Drive WSJ *

Catalonia – Municipalities that support independence motw *

Silesia – push for autonomy tests Poland unity FT

Russia – Regions where Russian is the majority native language / motw *

EU – Separatist movements / motw *

EU – UK: Cameron’s strategy dealt blow by Hollande and Lords FT / WSJ / FT *

EU – UK: Independence party gets serious E *


MONETARY POLICY

ECB – Slowing Eurozone inflation stokes expectations for action FT / WSJ * *

RBA – Australia’s home-brewed inflation a hangover for central bank R / B


REAL ESTATE

Australia – Housing Boom Spreads Beyond Sydney WSJ


FINANCE

Australia – Big 4 banks are global unknowns SMH *


SERVICES

Retail – Walmart warns of lower holiday season profits FT / WSJ / AP / R * *

Retail – Where Did Teenagers Go? NYT

Retail – Newly Wary, Shoppers Trust Cash NYT *

Online – Twitter ‘looking to move into ecommerce’ FT


MANUFACTURING



TECH

Telecoms – Antitrust officials deliver blow to Sprint/T-Mobile deal hopes FT

Telecoms – AT&T Cuts Family Plan Pricing as Competition Heats Up WSJ / B

Telecoms – After AT&T price cuts, all eyes on Verizon R


TRADE & TRANSPORTATION

Pipeline – Keystone clears hurdle FT / WSJ / NYT / AP / RB / G&M / FP *

Pipeline – Report raises pressure on Obama to approve Keystone R / WSJ / FP *

Rail – Even Without Keystone, Oil Has Flowed WSJ / R / B

Ship – Oil Boom Increases Barge Operators’ Fortunes WSJ *


COMMODITIES

Platinum – Wage strikes pose big challenge for South Africa miners FT * *

Gold – Indonesian miner turns to alternative to counter export ban N * *


ENERGY & ENVIRONMENT

EMs – Governments face fuel subsidy dilemma FT *

EMs – Oil hits record high in emerging market currencies R *


LABOR & EDUCATION

EU – France: Businesses push Hollande to ease labor costs FT *

EU – Minimum monthly wages / motw *


HEALTH



ENDNOTES

How much snow it takes to cancel school mr *


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