4 September 2014



Today’s Issue Cluster: Autos

World – From Chocolate to Beer, Shrinkflation Is Unseen Pressure
Crops – Olive Oil: Consumption on steady rise in US
US – Medicare Not Such a Budget-Buster Anymore


MAJOR DATA POINTS

Germany – Jul: Factory Orders Rebound; +4.6% from -2.7% / B / WSJ / AP *

US – Aug: ADP private sector hiring slows; +204k from +212k / R / WSJ / B *

US – Week: Jobless claims rose; +4k to 302k / B / AP *

US – Aug: ISM services growth strongest since August 2005; 59.6 from 58.7 / R *

US – Jul: Trade deficit shrank; -0.6% to $40b / B / R / WSJ / AP / ei *


MARKETS

Bonds – UK: Scotland vote threatens to trip up gilts FT

Bonds – Germany: Negative Bund yields highlight Europe’s ‘chronic problem’ FT * * *


ECONOMICS

World – From Chocolate to Beer, Shrinkflation Is Unseen Pressure B

World – The Shifting Economics of Global Manufacturing bcg * * *

World – Global factory activity / r *

World – “Oops, we raised rates too soon” ft *


POLITICS & FISCAL POLICY



MONETARY POLICY

ECB – Acts to boost EZ with rate cut and asset purchases FT / WSJ / NYT / B / AP / R * * * * *

BOE – Keeps Record-Low Rate on Weak Inflation FT / B / R / WSJ / NYT *

Fed – Economic Outlook Brightens During Summer WSJ / FT / AP / FT / WSJ *


FINANCE



REAL ESTATE



SERVICES



MANUFACTURING

Autos – US: August Auto Sales Reach for Record WSJ / R / FT / NYT / B / AP *

Autos – US: Booming crossover SUV sales trigger car discounts AP

Autos – US: Compact Cars in Breakthrough WSJ

Autos – US: Demand Ebbs for Electric, Hybrid Cars WSJ

Autos – US: Car Makers Ask: Is This as Good as It Gets? WSJ *

Autos – US: Massive GM Recalls Put Strain on Dealers WSJ *

Autos – US: Falling used-car prices will drive up new-car incentives R

Autos – World: Volkswagen gaining on Toyota in global sales race N *

Autos – World: Nissan, BMW; ‘Chinafication’ or ‘Germanification’ N *

Autos – China: Mercedes-Benz accused of breaching anti-monopoly laws FT / WSJ / R / AP / NYT

Autos – China: Antitrust ruling blunts foreign criticism FT / NYT / E * *

Autos – China: Sales lose out to interest in World Cup CD *

Autos – China: Japanese Cars Are Losing Their Cachet WSJ / WSJ *

Autos – China: Volvo to Release First Model Revamped Under Ownership WSJ / FT *

Autos – Korea: Kia Struggles as Sibling Hyundai Speeds Ahead WSJ *

Autos – Indonesia: Seen Beating Thailand in Auto Sales B *

Autos – Germany: Deepening rivalries test luxury car dominance R

Autos – UK: Sales rise but boom is set to stall, analysts warn FT *

Autos – South America: Chinese makers driving ahead N *

Autos – Brazil: Recession puts brake on once-booming car industry FT * * *

Autos – Mexico: Kia Plans $1b Car Assembly Plant WSJ / AP

Autos – Mexico: Industry Overtakes Brazil’s WSJ


TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – GMOs: Monsanto, Under Attack, Has a New Defender WSJ *

Crops – Palm Oil: Producers face perfect storm FT * *

Crops – Olive Oil: Consumption on steady rise in US q * *

Crops – Sugar: Brazil Sector Goes on a Diet WSJ *

Crops – Harvest: ‘Crop tourists’ predict record for corn and soybeans FT *


ENERGY & ENVIRONMENT

Coal – US stocks could gain on Russia tension R

Coal – Miners See Signs of Recovery as Prices Stabilize WSJ *

Coal – Indian power groups’ shares surge on hope of rights reversal FT

Coal – India Blackouts Widen as Stocks Drop at Power Plants B / r *


LABOR & EDUCATION

OECD – Warns wage cuts create deflation risk FT / WSJ / wapo *


HEALTH

US – Health Spending Grew 3.6% in 2013, Projections Show WSJ / NYT / wapo * * *

US – Medicare Not Such a Budget-Buster Anymore nyt / nyt *


ENDNOTE

Camouflages of the World reddit *


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