4 May 2015



Today’s Issue Cluster: Autos

China – Widens foreign access to domestic bond market
AVs – Hands-Free Cars Take Wheel, and Law Isn’t Stopping Them
ERs – Paving the way for electric roads


MAJOR DATA POINTS

China – Apr: HSBC Factory Gauge Shows Weakness; 48.9 from 49.6 / WSJ / R / AP / B *

EZ – Apr: Markit Manufacturing Sector Slows; 52.0 from 52.2 / WSJ

US – Mar: US factory orders rise for first time in 8 months; +2.1% from -0.1% / R / AP *


MARKETS

China – Long Bull Run Bn * *

China – Stocks are high but can go higher FT *

China – IPO froth bubbles over FT *

China – Widens foreign access to domestic bond market FT * *

China – IMF on verge of declaring Yuan fairly valued WSJ *


ECONOMICS

China – Can’t Kick Savings Habit BW *

China – Foreign grocers struggle in retail market FT / WSJ / FT * *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – Big Banks Show Weak Profit Gains Amid Slower Growth WSJ / B

China – Banks Run Low on Provisions WSJ *

China – Rethinks Safety Net for Its Banking System NYT / B *

China – Banks in Asia Get Pickier About High-End Clients WSJ *


REAL ESTATE

China – New home prices edge down AFP

China – Beijing suburbia or your own tropical island? FT *


LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Luxury Cars Drive Sales Higher WSJ / NYT / AP / R *

Autos – US: Car Retailing Grabs Merger Spotlight WSJ *

Autos – Mexico: Steals a march on China FT

Autos – Mexico: Ford investment highlights booming sector FT * *

Autos – EU: New-Car Registrations Rise Sharply WSJ / FT / NYT / R / AFP

Autos – China: Chinese carmaker sales drop at home N * *

Autos – China: ‘The coming crash’ E *

Autos – China: Made-in-China cars steer course abroad FT * *

Autos – China: Carmakers prepare for deceleration FT / WSJ * * *

Autos – China: Buyers find discounts on luxury in gray market WSJ / AFP

Autos – China: CEO of Struggling Qoros Vows Overhaul WSJ *

Autos – China: Great Wall Has No Moat for SUVs WSJ *

Autos – Russia: Carmakers take divergent roads FT

Autos – Fiat Chrysler: Faces More Legal Hazards WSJ *

Autos – Fiat Chrysler: Hole in Brazilian Sales WSJ *

Autos – Fiat Chrysler: Exhaust-ed FT *

Autos – VW: A Game of Thrones as Chairman Quits FT / WSJ / NYT / FT * * * * * * *

Autos – Toyota: New plants to lift capacity to 11m N / WSJ / FT / R / AP *

Autos – Hyundai: New headquarters a monument to family politics N *

Autos – Electric: Won’t spread even with rapid chargers: Toyota engineer R

Autos – Hydrogen: Fuel Cell Cars Return for Another Run NYT


TECH

Batteries – Tesla Ventures Into Power Storage WSJ / FT / R / B / NYT *

Batteries – Tesla Could Power Utilities WSJ / FT / B / FT / WSJ * *


TRADE & TRANSPORTATION

AVs – Hands-Free Cars Take Wheel, and Law Isn’t Stopping Them NYT

AVs – Connected cars: Tyred and wired FT *

AVs – Planes Without Pilots NYT

ERs – Paving the way for electric roads N *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH

Pharma – Is The Wedding Dance Nearly Finished? IBD

Pharma – Top 100 drugs represent 60% of total Medicare spending WSJ *

Pharma – Generic Vicodin Was a Top Medicare Drug in 2013 WSJ *


ENDNOTE

New York Galleries Start Dwarfing Museums hyper *


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