5 June 2014



Today’s Issue Cluster: Alternative Energy

US – Goes From Big to Still Bigger on the New Home Front
Online – Study shows US beats Europe on broadband speed and access
Rare Earths – China preparing to cancel tariffs


MAJOR DATA POINTS

US – Week: Jobless Claims Up, But Still Near 7-Year Low; +8k to 312k / WSJ / B / R / AP / r *


MARKETS

Renminbi – Use surges in home of US dollar ft *


ECONOMICS

US – ‘Widening Trade Gap Dims Growth Views’ WSJ *

US – ‘A wider trade gap is seen as good news’ NYT

US – Can Economists Tell if a Recession is Coming? wsj * *

US – Profit Decline Waves Caution Flag B *


POLITICS & FISCAL POLICY



MONETARY POLICY

ECB – Cuts deposit rate below zero FT / WSJ / NYT / R / AP / B / b * *

BOE – Holds Rates FT / WSJ / R / NYT / B

Fed – Survey: Economy showing improvement across US AP / WSJ / B

Fed – Policy Hawks Express Mix of Views on Timing of Rate Hikes WSJ / FT

Fed – Officials Growing Wary of Market Complacency WSJ *


FINANCE

US – Tussle over BNP escalates FT / WSJ

US – Banks face fines over LBO loans R *

US – Bank Regulators Plan Sweeping Look at Regulations WSJ

US – Jobs Are on the Line as Banks’ Revenue Slides WSJ *


REAL ESTATE

US – CoreLogic: House Prices up 10.5% Year-over-year in April cr *

US – Allure of Homeownership Slumps Amid Worries of Continued Crisis wsj * * *

US – Loans About to Reset Will Mean Higher Bills for Many Borrowers WSJ *

US – Goes From Big to Still Bigger on the New Home Front wsj / wsj * * * *


SERVICES

Online – Airborne Broadband Projected to Expand Sharply WSJ

Online – Study shows US beats Europe on broadband speed and access FT / am / motw * *


MANUFACTURING



TECH

Telecoms – Sprint, T-Mobile Move Closer to a $32b Deal WSJ / B / NYT

Telecoms – AT&T Bulks Up Again BW *


TRADE & TRANSPORTATION



COMMODITIES

Rare Earths – China preparing to cancel tariffs R

Rare Earths – China’s Toxic Time Bomb to Spur $12b of Mines B

Platinum – South Africa Union Leaders Reject Offer WSJ

Nickel – China Builds Sulawesi Smelters as Ore Ban Cuts Jobs B


ENERGY & ENVIRONMENT

Alt – Solar: US to levy fresh tariffs of up to 35.2% on Chinese panels FT / WSJ / NYT / WSJ / X / CD

Alt – Solar: US panel manufacturers climb on import duty plan FT / AP

Alt – Solar: China Breaking Agreement on Panels, EU Makers Say WSJ

Alt – Ethanol – How ‘Big Corn’ lost the battle to Philadelphia refiners R

Alt – Wave: Experimental Efforts to Harvest the Ocean’s Power Face Cost Setbacks NYT *

Alt – For A Brief Moment Electricity In Germany Dropped Was Free bi *

Alt – Annual increases in energy production, oil and gas vs. solar and wind / cd *


LABOR & EDUCATION



HEALTH



ENDNOTE

The Stanley Cup Center of Gravity Has Left Canada 538 *


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