4 November 2015



Today’s Issue Cluster: Autos

EU – Biggest Banks Are Cutting 30,000 Jobs
Rubber – Too much supply has tire makers worried
Carbon – China Burns Much More Coal Than Reported


MAJOR DATA POINTS

China – Oct: Markit services PMI rose from 14-month low; 52.0 from 50.5 / R

EZ – Oct: Markit final Composite PMI weaker; 53.9 was 54.0 / R

US – Oct: ADP private sector adds jobs; +182k from +190k / R / WSJ

US – Oct: ISM service sector growth accelerates; 59.1 from 56.9 / R

US – Sep: Trade deficit at seven-month low; -$41b from -$48b / R / B


MARKETS

India – Bonds Attract Investors Despite EM Jitters WSJ *

India – ‘Sell rupees when global going is good, buy in hard times’ B * *


ECONOMICS

India – Modi struggles for investment from private sector FT * * *

India – Will it replicate China’s previous growth rate? B * *

India – ‘The debt is coming from inside the house’ ft *


POLITICS & FISCAL POLICY



MONETARY POLICY

RBI – India’s double-barreled rate cut risks credibility B *


FINANCE

EU – Banks’ Long Road to Recovery WSJ / WSJ

EU – Biggest Banks Are Cutting 30,000 Jobs B *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Sales Jump R / WSJ / NYT / AP / B *

Autos – VW: Cheating probe spreads to CO2 tests FT / WSJ / NYT / R / B *

Autos – VW: Scandal spreads to Porsches FT / WSJ / NYT / AP / R / FT *

Autos – GM: Sets Raise for Its US Factory Workers WSJ *

Autos – FCA: Jeep Primed for Larger Global Role WSJ *

Autos – Tesla: Burning Rubber and Cash WSJ / FT / NYT / WSJ / FT *

Autos – Renault: Nissan alliance put at risk by France’s stakebuilding FT *

Autos – Toyota: Bets the future car will be fuelled by hydrogen FT / R * *

Autos – Ford: To Pour $1.8b Into Smartcars for China WSJ *

Autos – EMs: Sales rise for second straight month FT * * * *


TECH



TRADE & TRANSPORTATION

AVs – Can Detroit Beat Google? BW

AVs – Driver Videos Push Tesla’s ‘Autopilot’ to Its Limits WSJ *


COMMODITIES

Rubber – Too much supply has tire makers worried N * *


ENERGY & ENVIRONMENT

Carbon – China Burns Much More Coal Than Reported NYT *

Carbon – EPA sets new ozone standard AP / NYT / B / WSJ

Carbon – Obama Rules to Face Lawsuits, Congressional Tests WSJ

Carbon – California Restores Rule to Cut Fuel by 10% WSJ / NYT / LAT

Carbon – Carney defends global warming remarks R / FT / FT / FT / FT * * *

Carbon – ‘Setting goals low only delays pain’ B *


HEALTH



ENDNOTE

How the world’s richest people built their fortunes bm *


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