Today’s Issue Cluster: Metals
ECB – Draghi’s Weeks of Rhetoric Culminate in Stumble on Stimulus
EU – Emerging banks: signs of a turnround?
Australia – House prices are cooling, not crashing: Citi
Germany – Oct: Factory orders rebound; +1.8% from -0.7% / AFP *
US – Nov: Jobs data boosts case for rate rise; +211k from +298k / FT / NYT / R / B / WSJ *
US – Oct: Exports hit three-year low; $184b from $187b / R / WSJ / B
Stocks – Europe poised for recovery mode FT * * * *
Stocks – Equities call favours EZ over US FT * *
Australia – Aussie Turns Away From Iron WSJ *
Australia – Q3 capex decline was the worst on record SMH *
Australia – Chinese bid for grid tests priorities FT * *
ECB – Slices key interest rate to new historic low FT / WSJ / R / NYT / nyt *
ECB – Lifts QE to at Least €1.5t B *
ECB – Modest moves dash investor hopes FT / R / WSJ / FT / FT / FT *
ECB – Draghi’s Weeks of Rhetoric Culminate in Stumble on Stimulus B *
ECB – Cancels Regional Currency War B
ECB – Rates scenario guide ft *
EU – ECB Policies Get Credit From Banks WSJ *
EU – Bad Loans Hobble Banks’ Recovery WSJ *
EU – Emerging banks: signs of a turnround? FT * *
Australia – House prices are cooling, not crashing: Citi SMH *
Uber – Raises Funding at $62.5b Valuation B / NYT / WSJ / B *
Uber – Four Rivals Are Now in International Alliance WSJ / R / FT / NYT
Metals – China cuts deepen as short selling intensifies FT *
Metals – Output cuts fail to stem price rout FT / WSJ * *
Metals – Should Treasury Ditch the Penny? It’s Under Review wsj *
Copper – Slump Seen Extended as Miners Look to ‘Tough It Out’ B / FT *
Copper – Miners’ Pain Doesn’t Stop Buildup WSJ / WSJ *
Copper – China Demise Threatens 11-Year Support Level R *
Copper – Water Troubles in Chilean Town Threaten Global Supply WSJ *
Copper – Iran’s Mines Could Bring in Even More Cash Than Crude B *
Copper – Prices Rise on Possible Output Cuts by Chinese Producers WSJ
Iron – Rinehart to Flood Market With Fresh Supply WSJ
Iron – Crash Turns Up Heat on Miners WSJ *
Iron – China’s biggest steel companies have lost $11b FT *
Iron – Why China’s Steel Mills Won’t Cut Back Production B *
Nickel – Hiatus may be brief without output cuts, stronger demand R *
Gold – Half of Output May Not Be ‘Viable’ B / FT
Platinum – Volkswagen emissions scandal heightens concerns FT *
Deep-fried potato according to Australia motw *
