6 February 2014



Today’s Issue Cluster: Electricity



DATA POINTS

German – Dec: Industrial orders decline unexpectedly; -0.5% from +2.4% / WSJ / AP / B

UK – Jan: Halifax house prices rise at fastest pace in three months; +7.3% from +7.5% / R *

Australia – Dec: Trade balance hits surplus as exports jump; +A$468m from +A$83m / ABC / SMH

Australia – Dec: Retail sales ring up eighth monthly rise; +0.5% from +0.7% / Aus

Canada – Dec: Export recovery still elusive as trade gap grows; -C$1.7b from-C$1.5b / G&M / CBC / R *

US – Dec: Trade Deficit Widens More Than Forecast as Exports Decrease; -$38.7b from -$34.6b / AP / R / B *

US – Q4: Productivity grew; +3.2% from +3.6% / AP / B *

US – Week: Jobless Claims Decreased; -20k to 331k / R / AP / WSJ / B *

US – Jan: Challenger planned layoffs jump; +47% / WSJ *


MARKETS

Ukraine – Currency in Free Fall WSJ / FT

Ukraine – US and EU step up bid to woo country FT / R / AP


ECONOMICS

LatAm – Inflation Fuels Crises in Argentina and Venezuela WSJ / FT *

LatAm – Dispute Leads Argentina to Revise Index WSJ

LatAm – Gobal Companies Address Risk WSJ *

LatAm – Mexico secures coveted A-grade credit rating from Moody’s FT / WSJ


POLITICS & FISCAL POLICY

India – Narendra Modi’s market model FT *


MONETARY POLICY

ECB – Keeps interest rates on hold despite deflation fears FT / WSJ / NYT / AP / R / B / B

BOE – Holds fire on forward guidance FT / WSJ / NYT / R / AP / B


FINANCE



REAL ESTATE

Swiss – Housing Market Bubble Looms Closer, UBS Says B


SERVICES

Tobacco – CVS will stop selling cigarettes FT / WSJ / NYT / AP / R * * *

Tobacco – Cost Of A Pack Of Cigarettes Around The World / bi *

E-Cigarettes – Altria Expands With Green Smoke WSJ / wsj *


MANUFACTURING



TECH

Security – US retailers face pressure to raise spending R / WSJ

Security – Growing Threat Environment Spurs Software Products IBD


TRADE & TRANSPORTATION

Ship – Panama Canal Expansion on ‘Brink of Failure’ WSJ / FT / AP / R

Ship – Panama’s $5b Canal Upgrade Jolts US Ports From CA to NJ B

Ship – Triple E / q *


COMMODITIES

Cotton – Drought: Output in Australia Seen Declining B

Beef – Drought: Australia culls cattle, clouds beef-supply outlook R *

Coffee – Drought: Brazilian Dry Spell Stirs Prices WSJ / FT * *

Coffee – Connoisseurs boost high-end market FT / B *


ENERGY & ENVIRONMENT

Electricity – Assault on California Power Station Raises Alarm on Potential for Terrorism WSJ *

Electricity – New Pollution Rules Choke Old Power Plants WSJ *

Electricity – Turning Down US Power’s Dimmer Switch WSJ *

Electricity – Europe’s utilities squeezed by creeping nationalization R

Electricity – EU Energy Crisis ft *

Electricity – Claims of high EU energy prices ‘overblown’ FT

Electricity – The risk of UK shortages is rising E

Electricity – China installed record amounts of solar power in 2013 – But coal is still winning wapo * * * *

Electricity – Asean: Price shock coming ft *


LABOR & EDUCATION



HEALTH

F&B – Evidence against sugar in food mounts up FT *

F&B – Overweight Americans who pick diet drinks eat more food: study R

F&B – Coca-Cola coming in a capsule FT / R / AP

F&B – A sweet Asian fruit tempts the troubled soft drink industry R *

F&B – Junk Food Feels the Heat in Latin America WSJ *

F&B – The war against butter is over. Butter won q * *


ENDNOTES

Opportunity Rover Nearly Unrecognizable After 10 Years On Mars bi *


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