8 July 2014



Today’s Issue Cluster: Planes

US – Scrutiny Shifts to Commerzbank and Germany
World – Chances of rate hike decreasing for Fed, RBA but increasing for BOE
Shale – US: Boom Only a Modest Boost to Manufacturers


MAJOR DATA POINTS

Japan – May: Current-Account Surplus Beats Estimates; +¥523b (+$5b) / B / WSJ

Germany – May: Exports, imports disappoint; -1.1%, -3.4% / AP

UK – May: Manufacturing Unexpectedly Slumps Most in 16 Months; -1.3% / B / R *

US – May: BLS Jobs Openings increase; 4.6m from 4.5m / cr * *

US – Jun: NFIB Small Business Optimism Index fell; -1.6 to 95.0 / R *


MARKETS

Bonds – Gilt strategists look for Carney’s Maradona feint FT * * *

Bonds – Market Is a Drag These Days WSJ *


ECONOMICS

Iraq – Western banks start to pull out FT * *

Egypt – Gulf Nations’ Sway Rises WSJ / FT * * *

Turkey – Erdogan: Supreme ambition FT / BW * * * *

Afghanistan – Kabul’s Economic Bubble Bursts WSJ *

Pakistan – Karachi: Under siege FT * *


POLITICS & FISCAL POLICY

MENA – The failures of the Arab spring were a long time in the making E * *

MENA – Middle East: Falling to pieces FT * * *

MENA – Isis advance reverses decade of growth in Middle East trade FT * * * *


MONETARY POLICY

World – Chances of rate hike decreasing for Fed, RBA but increasing for BOE r *

World – Global money supply / zh *


FINANCE

US – Banks’ Cuts Fall Short as Growth Stays Tepid WSJ *

US – Scrutiny Shifts to Commerzbank and Germany NYT / WSJ

EU – Banks look to shed loans worth €100b FT *

EU – Banks’ Judgment Leaves Investors with Alternative Risk WSJ *


REAL ESTATE

Ireland – House prices raise fears of a new bubble FT * * *

Ireland – Employers’ group calls for end to austerity in budget FT *


SERVICES



MANUFACTURING

Planes – Wide: Airbus to step up challenge to Boeing FT *

Planes – Narrow: Airbus, Boeing Compete to Pack Seats in Smallest Planes WSJ

Planes – A330: Airbus poised to revamp with Rolls-Royce R

Planes – A350: Airbus puts on brave face over cancelled $16b contract FT / FT / FT

Planes – A380: Airbus, Emirates, Amedeo pitch US airlines on jetliner R / B

Planes – 777: Big-Belly Boeing Blunts Demand for Cargo-Only Jets B

Planes – 747: Buoyed by Talks on China Order B

Planes – 747: ‘Going extinct’ q * * *

Planes – Ex-Im: Boeing Faces Long-Term Credit Risk if Bank Closed, S&P Says WSJ


TECH



TRADE & TRANSPORTATION

Truck – Help Wanted: Jobs Go Unfilled WSJ *

Truck – ATA Index increased / cr *


COMMODITIES

Pork – Virus Plagues Industry, and Environmentalists NYT

Fish – Shrimp’s New Path to the Plate NYT *


ENERGY & ENVIRONMENT

Shale – US: Behind the Oil-Train Explosions WSJ *

Shale – US: Boom Only a Modest Boost to Manufacturers wsj

Shale – Germany: Shelves Drilling For Next Seven Years WSJ / NYT / FT


LABOR & EDUCATION

EU – Economists fear a permanent scar on the job market FT * * *

EU – Unemployment is still stagnant r *

EU – European Youth Unemployment Rates / *


HEALTH



ENDNOTE

Side where the train runs by country motw *


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