4 December 2014



Today’s Issue Cluster: Europe




MAJOR DATA POINTS

US – Week: Jobless claims fall, unwind prior week’s increase; -17k to 297k / R / WSJ / B / cr *


MARKETS

Bonds – EZ Debt Soars to Records on ECB Policy-Shift Hopes WSJ / FT *

Bonds – Greek yields act as eurozone ‘fear gauge’ FT / r *


ECONOMICS

EU – Brussels: Juncker unveils investment plan to kick-start growth WSJ / R / WSJ * *

EU – Brussels: Pro-default parties may trigger new euro-area crisis B *

EU – Greece: Europe Debates Third Bailout Package S *

EU – Italy: Accuses Brussels of ‘shaky’ accounting FT * * *

EU – Spain: New Entrepreneurs Find Pain WSJ *

EU – Nordic: Concern rises as cracks appear in model FT * * *

EU – France: Faces possible sanctions from Brussels on budget FT / WSJ *

EU – UK: Targets Tech Firms With ‘Google Tax’ WSJ / FT / nyt *

EU – UK: ‘Public finances have veered off course’ E / WSJ * * *

EU – UK: Household spending at fastest rate since records began FT *

EU – Europe Inc: Light amid the gloom FT *


POLITICS & FISCAL POLICY

Ukraine – Putin Calls for Push Against Ruble ‘Attack’ WSJ / FT / R *

Ukraine – The woman trying to tame the rouble FT *

Ukraine – Serbia caught between Russia and the west FT * *


MONETARY POLICY

ECB – No New Stimulus, Yet WSJ / FT / NYT / AP / R / B / B *

ECB – Poised to dash bond-buying hopes FT *

ECB – Quandary on asset purchases FT / WSJ / FT / B / B / R * *

ECB – Confusion over interest rate impact of eurozone QE FT *

ECB – Seen Triggering 50% Jump in Asset-Backed Bond Sales B

ECB – Savers grapple with rate divide FT *

ECB – Draghi’s Inflation Yardstick Obscured by Oil B *


FINANCE

EU – Banks Told Likely Capital Criteria WSJ / NYT

EU – An end to the great bank deleveraging? ft * * *

EU – ‘Private loan data still looking more like groan data’ r *

EU – ‘Bank lending: not as bad isn’t good enough’ r *

EU – Bank Valuations Tank as ECB Flubs Its Stress Test cfr *

EU – Specialist banks are producing better returns FT *


REAL ESTATE

EU – UK: House prices rise 12.1% in a year FT / B * *

EU – UK: Sales of £10m-plus London homes ‘up by a third’ FT * *


SERVICES



MANUFACTURING



TECH

Telecoms – Play vital role in European rally FT * *

Telecoms – Groups seek share of TV limelight FT * *


TRADE & TRANSPORTATION

Ship – Maersk chief warns over lossmaking rivals FT / WSJ

Ship – Chinese Transform Greek Port, Winning Over Critics WSJ *


COMMODITIES



ENERGY & ENVIRONMENT

Oil – Saudi Arabia Sees Prices Stabilizing Around $60 WSJ

Oil – US refineries run flat out to process cheap crude FT * *

Oil – Fits Texas Banks With a Five-Gallon Hat WSJ *

Oil – North America Production eb * *

Oil – Baghdad and Erbil end months-long dispute over revenues FT / WSJ / NYT * *

Oil – Flow of Opec petrodollars set to dry up FT

Oil – Price fall starts to weigh on banks FT

Oil – Knock-on effect on asset prices FT *


LABOR & EDUCATION

EU – German population drop spells skills shortage in Europe’s powerhouse R / R

EU – French Attempt at German-Style Labor Reform Flounders WSJ *

EU – In France, New Review of 35-Hour Workweek NYT


HEALTH



ENDNOTE

Pyramid Chart ilc *


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