8 October 2015



Today’s Issue Cluster: Tobacco

Silicon Valley – Smaller businesses fear freeze from EU privacy ruling
TPP – Canada’s NDP Opposes
Coal – India opening a mine a month to double output by 2020


MAJOR DATA POINTS

Germany – Aug: EMs slowdown hits exports; -5.2%, +5.0% yr / AP / FT

US – Week: Jobless Claims Fall; -13k to 263k / B / WSJ / R


MARKETS

Bonds – China Starts Dumping US Government Debt WSJ *

Bonds – US junk cracking after debt binge FT * * *


ECONOMICS

World – IMF Downgrades Economic Outlook Again WSJ *

World – IMF warns of fresh shocks to financial stability FT * *


POLITICS & FISCAL POLICY

Japan – Abenomics Is Doing Better Than You Think WSJ *

Japan – Needs extra stimulus, says Abe adviser FT * *


MONETARY POLICY

BOJ – Pressure building to ease monetary policy further WSJ *

BOJ – Japan weighs policy easing options FT * *

BOJ – Bank damps hopes for stimulus boost FT / WSJ


FINANCE

US – Dodd-Frank’s Effect on Small Banks is Muted WSJ *

US – Bank Failures by Year cr * *

US – Record ATM Fees Rise Toward $5 WSJ * *


REAL ESTATE

US – As Housing Heals, Are Mortgage Stocks A Good Bet? IBD

US – CoreLogic: House Prices up 6.9% / cr *

US – Reis: Apartment Market Boom Levels Out / WSJ / cr *

US – Reis: Office Vacancy Rate declined in Q3 to 16.5% / cr *

US – Reis: Mall Vacancy Rate unchanged in Q3 / cr *

US – AIA Billings Indicate Slight Contraction / cr *


LABOR & EDUCATION

US – UAW Threatens Strike at Fiat Chrysler WSJ / R *

US – UAW Standoff at Fiat Chrysler Continues WSJ / B *


SERVICES

Cigs – Low-nicotine brands cut use, dependence AP

Cigs – Prospects burn bright for self-igniting cigarettes FT

Cigs – Americans Smoking Again, a Boon for Tobacco Bonds B / B *

E-Cigs – We Don’t Know If They Lead Kids To Real Cigs 538

E-Cigs – UK officials call for faster medicinal licensing FT / NYT / R *


MANUFACTURING



TECH

Silicon Valley – EU Strikes Down Data-Transfer Pact WSJ / NYT / FT / B / IBD / FT / zd *

Silicon Valley – Smaller businesses fear freeze from EU privacy ruling R


TRADE & TRANSPORTATION

TPP – Clinton Comes Out Against Deal WSJ / FT / NYT / B / R / AP / AP *

TPP – Canada’s NDP Opposes G&M / ft *

TPP – Currency Deal Puts Yellen in the Spotlight B *

TPP – Brazil on the outside, looking in on ‘very negative’ effects G&M

TPP – Vietnam looks for boost FT / AP *

TPP – Company Stampede to Southeast Asia Seen WSJ *

TPP – A Mixed Bag for Asian Firms WSJ *


COMMODITIES



ENERGY & ENVIRONMENT

Coal – Half of World’s Output Is Unprofitable, Moody’s Says B * *

Coal – Obama’s focus on climate change signals dismal future B * *

Coal – Things Can’t Get Much Worse After a Dire 2015 B / FT *

Coal – India opening a mine a month to double output by 2020 R


HEALTH



ENDNOTE

Percentage of smokers worldwide motw *


Comments are closed.