6 January 2016



Today’s Issue Cluster: Autos

World – Biggest Economies Face $7t Debt Refinancing Tab in 2016
World – Half a Million Bank Jobs Have Vanished Since 2008
AVs – Accident rates are twice as high as for regular vehicles


MAJOR DATA POINTS

EZ – Dec: Markit PMI hits 4.5-year high; 54.3 from 54.2 / m *

US – Dec: Markit PMI at 12-month low; 54.0 from 55.9 / m *

US – Dec: ISM Non-Manufacturing Index Falls; 55.3 from 55.9 / WSJ

US – Nov: Factory orders dipped; -0.2% from +1.3% / AP

US – Dec: Private Payrolls Better Than Expected; +257k from +211k / WSJ / B / R

US – Nov: Trade gap narrowed 5%; exports fell, -0.9%, imports fell more, -1.7% / WSJ / R / AP / cr *


MARKETS

World – Biggest Economies Face $7t Debt Refinancing Tab in 2016 B *

World – EMs Save $2.8t War Chest B *

World – The Worst May Be Over for EM Capital Outflows B *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

World – Central Banks’ Shock Therapy Has Investors on Edge WSJ *

World – Divergence Between Fed, Other Central Banks WSJ *


FINANCE

World – Half a Million Bank Jobs Have Vanished Since 2008 B *


REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Industry scores 2015 sales record FT / WSJ / NYT / R *

Autos – US: Big SUVs Fuel Production Boom WSJ

Autos – US: Younger Buyers Help Keep Sales Humming WSJ *

Autos – US: Sales Explode in an Ever-Changing Market NYT *

Autos – US: Industry Looks for Bumper Year in 2016 WSJ / WSJ *

Autos – US: Leasing is unspoken sales driver B * *

Autos – US: Jeep Boosting Sales to Car-Rental Firms WSJ *

Autos – China: Surge drives global car sales to record high FT * * * *

Autos – China: Price Matters More Than Volume WSJ *

Autos – China: Volvo aims high with its second premium model FT *

Autos – Asean: Hits two-speed car market FT **

Autos – RVs: More Hit the Road, but They Are the Cheaper Models WSJ *

Autos – Tech: Makers Losing Battle for Dashboard Apps WSJ *

Autos – VW: US lawsuit brings it back down to earth with a bump FT * * *

Autos – VW: Schedules pit stop for 11m cars FT * * *

Autos – VW: A grey November FT / AP / FT / FT *

Autos – VW: Cheating affects fewer cars R / AP / WSJ / FT / NYT

Autos – VW: Kept Earlier Emissions Issue From Regulator WSJ *

Autos – VW: Tries to get a grip after emissions scandal FT * *

Autos – VW: Dealers Suffer WSJ *

Autos – VW: Could kill US diesel market, Continental says R


TECH



TRADE & TRANSPORTATION

Avs – Driverless Cars Steal the Show WSJ

AVs – Toyota snubs Apple and Google on car tech FT / R / NYT / FT

AVs – Accident rates are twice as high as for regular vehicles B

AVs – Ford in Talks with Google WSJ *


COMMODITIES



ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

World City Populations 1950-2030 bm *


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