4 November 2014



Today’s Issue Cluster: Autos

Currencies – Petrodollars leave world markets for first time in 18 years
China – Plans property tax in 2017
Gold – New exchanges out to set benchmark price for Asia


MAJOR DATA POINTS

EZ – Oct: Markit Manufacturing Picks Up on Price Cuts; 50.6 from 50.3 / WSJ *

EZ – Sep: Producer Prices Rose; +0.2%, -1.4% yr / WSJ / b *

US – Sep: Trade Deficit Widens to Four-Month High as Exports Drop; -$43b from -$40b / B / R / WSJ / AP *

US – Sep: Factory orders fall, but unfilled orders still rising; -0.6% from -10.0% / R *


MARKETS

Currencies – Resurgent dollar set for sustained rally FT *

Currencies – Petrodollars leave world markets for first time in 18 years R * *

Currencies – Speculators force Russia rouble to extend slide FT

Currencies – Yen’s Fall Adds to Bears’ Winnings WSJ *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – Bankers Enjoy a Bumper Year WSJ *

China – Bad Loans Rise at Biggest Banks WSJ *

China – Small lenders pull back as economy slows FT


REAL ESTATE

China – New-Home Prices Fall in October WSJ / ft * * *

China – Plans property tax in 2017 CD

China – Housing headache in one chart ft *

HK – Property prices continue to rise FT * *


SERVICES



MANUFACTURING

Autos – US Makers Report Strong October Sales WSJ / R / FT / NYT / AP *

Autos – US: GM and Ford Should Be Pumped About Gas WSJ *

Autos – China: Sales Slow WSJ / AP / R *

Autos – China: Carmakers stuck in reverse, despite upgrades FT *

Autos – China: Puts the Brakes on Car Makers WSJ

Autos – China: Japan Makers Skid WSJ / WSJ *

Autos – China: Ford Sales Fall WSJ *

Autos – China: Sales Target Likely to Be Cut Again WSJ

Autos – China: Beijing gets tougher on fuel economy R

Autos – China: Car-Rental Firms See Open Road WSJ *

Autos – India: Sales fall FT / FT / WSJ *

Autos – India: Makers Enhance the Hatchback WSJ *

Autos – SK: Weak Yen Hits Car Makers WSJ

Autos – Asean: US and EU makers face hurdles FT * *

Autos – Germany: New Car Sales Accelerate in October WSJ

Autos – UK: Best Sept. in 10 yrs, but 80% now made on credit r *

Autos – UK: Carmakers chase consumers into shops and online FT * *

Autos – Jaguar: first China factory caps carmaker’s resurgence FT / FT *

Autos – Lincoln: Ford to overhaul brand, this time with big bucks R *

Autos – Jeep: Sergio wants top global brand by 2018 R *

Autos – Tesla: Bumps in the road FT *

Autos – Ferrari: Fiat Chrysler to spin off sports car maker FT / WSJ / FT / FT *

Autos – Honda: Cuts China Full-Year Sales Outlook WSJ

Autos – Nissan: Cuts Global Vehicle Sales Target by 3.5% WSJ / R

Autos – Datsun: Second Life Isn’t So Good, After All BW *

Autos – SUVs: Go from All-American to global star AP

Autos – Electrics – New battery aims to segment FT


TECH



TRADE & TRANSPORTATION

Auto – Germany Plans to End Autobahn’s Free Ride WSJ *

Auto – No end in sight to London traffic jam misery FT * *

Auto – In Texas, Toll Roads Proliferate—and a Backlash Builds WSJ *


COMMODITIES

Gold – Plunges to 4-Year Low WSJ / B *

Gold – Cooling Chinese Demand Adds to Gloomy Outlook WSJ / R *

Gold – New exchanges out to set benchmark price for Asia N


ENERGY & ENVIRONMENT



LABOR & EDUCATION



HEALTH



ENDNOTE

Mean travel time to work by US states motw *


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