4 May 2016



Today’s Issue Cluster: Autos

Currencies – Yen Under Pressure to Extend World-Beating Rally
Australia – To block vast land sale to China-led consortium
Crops – Traders stuck in the hard times


MAJOR DATA POINTS

US – Apr: ADP private hiring slows; +156k from +194k / R

US – Mar: Factory orders rebound; +1.1% from -1.9% / R

US – Q1: Productivity Fell, Signaling Tepid Growth; -1.0%, +0.6% yr / WSJ

US – Apr: ISM Services Saw Stronger Growth; 55.7 from 54.5 / WSJ

US – Apr: Markit Composite PMI Rose; 52.4 from 51.3 / m

US – Mar: Trade deficit shrinks as imports hit low; -$40b from -$47b / R / WSJ / cr *


MARKETS

Currencies – Dollar’s slide takes it to 15-month nadir FT / FT *

Currencies – Japan in a bind as US turns up heat FT

Currencies – Yen Under Pressure to Extend World-Beating Rally B * *

Currencies – Mena forex sector has enjoyed massive growth B *

Currencies – Craig Wright: BBC ‘Gullible’ ft / WSJ / e


ECONOMICS

Australia – Rich Chinese Resist Lure of Residency WSJ *


POLITICS & FISCAL POLICY

Australia – Budget 2016: Winners and losers B *


MONETARY POLICY

RBA – Australia cuts interest rates to record low FT / WSJ


FINANCE



REAL ESTATE

Australia – To block vast land sale to China-led consortium FT *


LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Strong sales revive hopes for fresh record FT / WSJ *

Autos – US: Record April Doesn’t Do Much to Contain Unease B *

Autos – US: Hot on the Lot: Leasing a Used Car WSJ *

Autos – China: Giants Curb Ambitions WSJ *

Autos – China: Foreign and Domestic SUVs Face Off WSJ / AP *

Autos – EU: Car Boom Leaves Makers Hunting for Profits WSJ *

Autos – Russia: Renault Tries to Fix AvtoVAZ Misadventure WSJ *

Autos – Mexico: Trump calls Ford plant ‘an absolute disgrace’ R / FT / WSJ

Autos – Mexico: Free trade fiesta N *

Autos – Brazil: Wheels fall off local industry FT *

Autos – India: Top Chinese carmakers plot major push R

Autos – Premium: Daimler Set to Reclaim Top Spot WSJ *

Autos – Ford: Sales Gains Come at a Price WSJ / WSJ *

Autos – EVs: Chinese Tech Firms Charge Into Electric Cars WSJ *

Autos – EVs: Long road ahead for China FT *

Autos – EVs: Germany to Subsidize Electric Autos WSJ *

Autos – Tesla: With the hoopla over, now the hard work B * * *

Autos – Tesla: Wall Street values Company at $620k per car R

Autos – Tesla: Will the Model 3 be the first self-driving car? B *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Traders stuck in the hard times FT *

Crops – Traders Rejecting Soybeans Developed by Monsanto WSJ *


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Australian Urban Footprint reddit *


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