7 February 2014



Today’s Issue Cluster: China Real Estate

Ship – Industry sees an end to five-year downturn
NatGas – China: Transport fuels LNG growth
H10N8 – New fatal bird flu strain detected in China


DATA POINTS

Germany – 2013: Trade surplus hits record high; +€199b from +€190b / AP

Germany – Jan: Industrial Output Unexpectedly Fell; -0.6% from +2.4% / B

UK – Dec: Manufacturing picks up, though not as much as expected; +0.3% from -0.1% / R

Russia – Dec: Economy Stops Growing / WSJ

Australia – Jan: AiG construction shrinks after three months of growth; 48.2 from 50.8 / Aus

Brazil – Jan: Inflation Slower Than All Estimates; +0.55% from +0.92% / B

Canada – Jan: Jobless Rate Falls on Full-Time Work, 7.0% from 7.2% / G&M / CBC / R / B *

US – Jan: Payrolls Rise Less Than Forecast; +113k from +75k / AP / NYT / FT / WSJ / B *

US – Jan: Unemployment rate declined; 6.6% from 6.7% / R *


MARKETS



ECONOMICS

Norway – Cruise control FT * * * *


POLITICS & FISCAL POLICY

UK – Scots’ independence would make it harder for Labour to win FT / FT *


MONETARY POLICY

RBA – Raises GDP Growth, Inflation Forecasts on Weaker Aussie B / SMH / ABC / Aus / B * *

RBA – Shifting Export Dependencies (Japan+China>50%) / b *


FINANCE

EU – Investors put faith in bank revival FT *

EU – Banks Continue to Shed Unwanted Assets WSJ

EU – Banks Poised to Return to Acquisition Trail WSJ *


REAL ESTATE

China – Savers’ Penchant for Property Magnifies Bust Danger B / q * *

China – Property bubble keeps on swelling even as economy slows N *

China – 42% of demand is from speculators says Gan Li b *

China – Leading Rise in Home Prices / b *

China – Brookfield Bets Big WSJ

China – Rushing for overseas properties CD / CD * * *


SERVICES

Retail – Chinese remain the biggest lux buyers e *

Retail – Stores feel the squeeze in America’s poverty economy FT *

Restaurants – Big Pizza Chains Use Web Ordering To Slice Out Bigger Market Share WSJ *


MANUFACTURING

Planes – Airbus May Sell A380 Jet with New Engines WSJR

Planes – Boeing May Further Raise Production of 737 Jet WSJ / R / B

Planes – Makers look to ink Asia deals despite emerging market worries R


TECH

Sony – Sheds PCs as it warns on profits FT / FT / N * *

Panasonic – As TVs Lose Luster, Firm Pushes Lower-Key Products WSJ *

Electronics – Japan’s giants / r *


TRADE & TRANSPORTATION

Ship – Industry sees an end to five-year downturn R *

Ship – Panama Canal Expansion Suspended WSJ / r *


COMMODITIES



ENERGY & ENVIRONMENT

NatGas – US: Hedge funds bet on shortage as cold boosts demand FT *

NatGas – Iran: Puts hope in South Pars development FT *

NatGas – China: Transport fuels LNG growth CD *


LABOR & EDUCATION

HigherEd – For-Profit College Probe Expands WSJ

HigherEd – Tuition Crunch Takes Big Toll WSJ *

HigherEd – Colleges Trim Staffing Bloat WSJ *

HigherEd – State Funding for Colleges Rebounds WSJ *

HigherEd – China parents count cost of overseas universities FT * * *

HigherEd – The Growth of College Grads in Dead-End Jobs a * *


HEALTH

H10N8 – New fatal bird flu strain detected in China FT / WSJ / wsj

H10N8 – Making sense of the strains q * *


ENDNOTES

Socket map of the world am *


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