5 November 2014



Today’s Issue Cluster: US Real Estate

US – GOP Senate Takeover Would Put Fed Under Microscope
US – Republican gains could aid Obama’s Asia trade pact
US – Keystone Approval Sought by Republicans


MAJOR DATA POINTS

China – Oct: HSBC Services PMI Edges Down; 52.9 from 53.5 / WSJ *

US – Oct: ADP Private Payrolls Increased by 230k from 225k / WSJ / AP / R *

US – Oct: ISM Nonmanufacturing Index Eases More Than Expected; 57.1 from 58.6 / WSJ / B *


MARKETS



ECONOMICS

EU – Brussels Cuts Growth Forecast FT / WSJ / NYT / b * * * *

EU – Ultralow Inflation Complicates Fix WSJ *

EU – Italy: the Crucial Test for QE in Europe WSJ *

EU – Spain: Recovery lays bare a social crisis FT * *

EU – France: Bows to Brussels pressure on budget deficit FT *

IMF – Criticised over support for austerity FT / WSJ *


POLITICS & FISCAL POLICY

US – GOP Senate Takeover Would Put Fed Under Microscope WSJ

US – Spending, Tax Deadlines Await Congress WSJ

US – Republican gains could aid Obama’s Asia trade pact AP / WSJ

US – Keystone Approval Sought by Republicans B

US – Initiatives Tackle Minimum Wage, Marijuana and Abortion WSJ / FT / WSJ / AP / NYT

US – The Strange Case of States’ Addiction to Casinos nyt


MONETARY POLICY

RBA – Keeps Record-Low Interest Rate as Aussie Stays High B / R / SMH / ABC / Aus

Australia – Needs Stimulus to Avoid Recession, Morgan Stanley Says B

Australia – Bulk of Overseas Demand Seen Coming From China WSJ

Australia – Economy Changes as Exports to China Slow BW *


FINANCE



REAL ESTATE

US – Sales of New Homes Worse Than Most Years in 1980s, 1990s wsj *

US – Home Prices Are Cooling Off wsj * * * * *

US – Pace of home price growth slows in September: CoreLogic AP / cr *

US – First-Time Home Buyers Fade Further WSJ / wsj *

US – New Homes’ Problem: Price WSJ

US – A Preference for the Lease Over the Mortgage NYT *

US – Rising Mortgage Tide Won’t Lift Banking Boats WSJ *

US – NMHC Apartment Market Conditions Slightly Tighter cr *

US – Hotels In Sweet Spot As Ebola, Putin Weigh IBD

US – Malls Fill Vacant Stores With Server Rooms WSJ


SERVICES

Gaming – Macau revenues have worst drop on record R / WSJ / FT / B / N / B * *

Gaming – Macau’s casinos reliant on high-rollers r *

Gaming – Time may be running out on Japan’s casino dream N


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – Saudi Price Cut Upends Market WSJ / FT / NYT / AP / B *

Oil – New Shipment Shows Cracks in US Export Ban WSJ *

Oil – Tanker Investors Get Turned Around by Cheap Crude WSJ *

Oil – A New Boom in Mexico’s Aging ‘Golden Belt’ WSJ *


LABOR & EDUCATION

EU – Glacial Growth Lowers Prospects for Job Seekers B

EU – Med becomes a no-man’s land for migrants FT *


HEALTH



ENDNOTE

What US counties are named for reddit / reddit * *


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