4 February 2014



Today’s Issue Cluster: Autos

Japan – The Force of Exports Is Weakening
US – More and more are buying homes with pure cash
Pharma – Ten Drug Companies Form Pact With NIH to Find Paths to New Medicines


DATA POINTS

EZ – Dec: Producer Prices Rise; +0.2% from -0.1% / WSJ

UK – Dec: Markit Construction Expands at Fastest Since 2007 on Homes; 64.6 from 62.1 / B / bi *

Spain – Jan: Jobless Claims Rise at Slower Pace; +113k to 4.8m / WSJ / AP *

South Africa – Jan: Business confidence lower; 90.5 from 91.9 / R

Brazil – Jan: Suffers record trade deficit; -$4.1b / FT

US – Dec: Transportation weighs on factory orders; -1.5% from +1.5% / R *


MARKETS

Stocks – Factory Weakness Hits Dow WSJ *

Stocks – Investors turn wary on US earnings growth FT *


ECONOMICS

Japan – Backward Recovery wsj *

Japan – The Force of Exports Is Weakening NYT *

Japan – Risk appetite still plays out in yen trade FT *

Japan – Utilities Offset Idled Reactor Losses by Lifting Rates B

Japan – Some Toyota suppliers come up dry R *

Japan – In danger of missing 2020 budget target FT


FINANCE

Japan – Monetary easing drives bank margins to record low FT / R


POLITICS & FISCAL POLICY



MONETARY POLICY

RBA – Australia Signals End to Cuts WSJ / R / B / Aus / ABC / SMH

BNR – Romania Cuts to New Low WSJ / B


REAL ESTATE

US – Housing Market Hits Headwinds WSJ

US – Americans Boost Spending on Remodeling WSJ *

US – Rental Housing Grows More Scarce, Driving Rents Up wsj *

US – More and more are buying homes with pure cash npr *


SERVICES

Dairy – New Zealand Milks China WSJ *


MANUFACTURING

Autos – January US Sales Chilled by Winter Weather WSJ / FT / NYT / AP / BR * *

Autos – Canadian sales rise despite weather woes, ‘troubling’ January FP / R

Autos – Car-Sharing, Social Trends Portend Challenge WSJ

Autos – Foreign carmakers seek to ride US revival FT *

Autos – Honda becomes net exporter of cars from the US FT / WSJ

Autos – Toyota’s production / *

Autos – More of America’s new cars will come from Mexico than Japan this year q *

Autos – Fiat builds Italian future on delivering premium export cars FT / WSJ * *

Autos – Luxury Makers Fill Lineups With Dizzying Array of Models WSJ *

Autos – Makers Pack New Cars With Technology, but Younger Buyers Shrug NYT

Autos – US Used Car Prices Expected To Decline This Year WSJ

Autos – Ford’s Aluminum F-150 Poised to Test Repair Shops’ Mettle B / WSJ / R

Autos – Carmakers are seeing a recovery, but suppliers may benefit more FT *

Autos – Cadillac Chief’s Challenge: Clear Dealer Lots WSJ *

Autos – UK sector cars up for another year of robust sales FT

Autos – An increasingly popular way to finance has helped to boost EU sales E *

Autos – China’s carmakers have yet to make their marque FT *

Autos – China Demand Fuels Dealership Deals WSJ

Autos – Makers look for dream market in rural India R / WSJ *


TECH

Apple – Quietly Builds New Networks WSJ *


TRADE & TRANSPORTATION

Air – Pilot Shortage Arrives Ahead of Schedule WSJ * *

Air – Contentious Iberia revamp emblematic of European lines’ woes FT *


COMMODITIES

Water – Amid drought, California agency won’t allot this spring AP / NYT / WSJ / NYT

Water – Dry, hot weather pressures Brazil’s reservoirs R / FT *


ENERGY & ENVIRONMENT



LABOR & EDUCATION

China – Factories act to keep staff in saddle in Year of the Horse FT

China – Labor markets holding up b *


HEALTH

Pharma – Ten Drug Companies Form Pact With NIH to Find Paths to New Medicines WSJ *


ENDNOTES

Map of Europe showing literal Chinese translations am *


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