30 January 2014



Today’s Issue Cluster: Meat

Bonds – Fracking boom is helping bolster Treasuries demand
India – Banks seek refuge in home loans
Delivery – Canada Post will phase out home delivery in smaller cities and suburbs first


DATA POINTS

China – Jan: HSBC Manufacturing Contracts; 49.5 from 50.5 / WSJ / FT / B *

Philippines – Q4: GDP Growth Slowed on Impact of Typhoon; +6.5% from +6.9% / WSJ / AP / B

EZ – Jan: Confidence Shows Patchy Recovery; 100.9 from 100.4 / B / R / WSJ

Germany – Jan: Joblessness Fell More Than Forecast ; -28k to 2.93m / B

UK – Dec: Home-Loan Market Rebounds to Best in Six Years; 72k from 71k / B / R

Spain – Q4: Economy Picks Up Pace; +0.3%, -0.1% yr / WSJ

Belgium – Q4: Economy Sees Fastest Growth in Almost Three Years; +0.4% from +0.9% / B

Brazil – Dec: Unemployment Rate Falls to Record Low; 4.3% from 4.6% / B

US – Q4: Economy Grew as Consumer Spending Picked Up; +3.2% from +4.1% / WSJ / AP / R / FT / B / NYT *

US – Dec: NAR Pending Sales of Existing Homes Slump Most Since 2010; -8.7% from -0.3% / B *

US – Week: Jobless Claims Climbed More Than Forecast; +19k to 348k / R / WSJ / B *


MARKETS

Bonds – Markets wrestle with Reverse Rotation FT *

Bonds – Fracking boom is helping bolster Treasuries demand B

Bonds – Gilts face end of 24-year bull run FT *


ECONOMICS

EMs – Sell-off in currencies continues FT / FT * *

EMs – Slide Tests How Much Nations Learned From Past WSJ *

EMs – Turkey: Have equities discounted enough? FT *


POLITICS & FISCAL POLICY



MONETARY POLICY

Fed – Sticks with $10b taper FT / WSJ / NYT / R / AP / B / WSJ * *

Banxico – Inflation Puts Tightening on Bank of Mexico Agenda wsj

MNB – Hungary Hints at Further Rate Cuts Despite Sliding Forint WSJ

CBR – Russia Prepared to Let Ruble Slide WSJ

RBNZ – Expects to Start Raising ‘Soon’ B


FINANCE

China – Four factors keeping investors nervous N *


REAL ESTATE

India – Banks seek refuge in home loans R *


SERVICES

Delivery – Canada Post will phase out home delivery in smaller cities and suburbs first G&M


MANUFACTURING

Planes – Boeing plans to raise deliveries by 10% FT / WSJ / R / FT *


TECH

Mobiles – Google Sells Motorola To Lenovo For $2.9b FT / WSJ / AP / B / R / nyt *

Mobiles – Apple, Samsung Confront New Rivals in China WSJ *


TRADE & TRANSPORTATION

US – Reid threatens Obama’s trade agenda FT / WSJ / AP

TPP – US trade debate prompts fears of delay in talks FT / WSJ

EU/US – ‘Will US-EU Trade Become Too Free?’ S / WSJ * *

World – Trade reaches new high / cd *


COMMODITIES

Meat – Spring thaw to briefly relieve hot US beef prices R / WSJ

Meat – China has an unexpected pork glut q * *

Meat – How People Consume Around The World bi *

Meat – ‘A lot can be done to make consumption less bad for the planet’ E / E *

Meat – Resurgent bird flu culls poultry industry X

Meat – Pig-killing PEDv virus moves into Canada G&M / CBC / R / CBC / WSJ *

Meat – Canadian pork industry trying to forestall deadly virus G&M *

Meat – Canada warns of trade retaliation as U.S. fails to change labelling rules CBC


HEALTH

H7N9 – China halts poultry trading after new cases AP / AP / B / q * *

H5N8 – SK expands poultry cull on bird flu fears R

Stem Cells – Japan team discovers a quicker source FT / NYT / WSJ


ENERGY & ENVIRONMENT

Energy – Icy Chill Sets Energy Prices on Fire WSJ *

Energy – Price gap with the US to hurt Europe for ‘at least 20 years’ FT

Energy – Gradually decoupling from economic growth ft * * * *


LABOR & EDUCATION

Pensions – Germany: Moves to Raise WSJ

Pensions – Obama Signs Order for Retirement Accounts WSJ *

Pensions – US: funding gap closes, driving corporate profits R / bi *


ENDNOTES

Ghost stations of the London Underground motw *


Comments are closed.