9 June 2015



Today’s Issue Cluster: Autos

States – Confront Wide Budget Gaps Even After Years of Recovery
US – Housing Bubble? Most Economists Still Say No
Shale – After oil rout, energy deals set to focus on US


MAJOR DATA POINTS

China – May: Consumer inflation falls; 1.2% from 1.5% / FT / AFP

EZ – Q1: Growth Confirmed; +0.4% was +0.4% / WSJ

US – Apr: Wholesale inventories rise as petroleum prices stabilize; +0.4% from +0.2% / R / AP

US – Apr: JOLTS Jobs Openings Increased; 5.4m from 5.1m / cr *

US – May: NFIB index rises to five-month high; 98.3 from 96.9 / MW *


MARKETS

Bonds – EM sell-off gathers pace FT *

Bonds – Volatility Triggers Alarms WSJ * *

Bonds – Undergo Regime Change WSJ *


ECONOMICS

US – Philly Fed: State Coincident Indexes increased in 40 states cr *


POLITICS & FISCAL POLICY

States – Confront Wide Budget Gaps Even After Years of Recovery NYT

States – Paul Volcker warns on health of finances FT / NYT


MONETARY POLICY



FINANCE

US – Separating Bank Loan Signal From Deposits Noise WSJ *


REAL ESTATE

US – Home-Equity Lines of Credit See Jump in Delinquencies WSJ *

US – Housing Bubble? Most Economists Still Say No wsj * *

US – New Housing Headwind: Fewer Renters Can Afford to Own WSJ *


LABOR & EDUCATION



SERVICES

Streaming – Apple Unveils Apple Music, New Software WSJ / FT *

Streaming – Apple looks beyond iTunes FT / FT * * *


MANUFACTURING

Autos – US: Stronger-Than-Expected Sales in May WSJ / AP / R / NYT

Autos – US: Electric And Hybrid Market Share Hits 4-Year Low IBD *

Autos – US: UAW, Car Makers Weigh New Class of Hires WSJ *

Autos – US: Strong Dollar Slams Car-Parts Makers WSJ

Autos – US: Volvo Car to Build Plant in SC WSJ *

Autos – Germany: New car sales down in May AFP

Autos – China: Road rage is fuelling an SUV boom B

Autos – China: GM fires salvo in price war N * *

Autos – China: GM to Change How It Reports Sales WSJ *

Autos – India: Renault targets small-car market FT * *

Autos – Asean: No end in sight for plunging car sales N *

Autos – Asia: The rise of vehicle demand / b *

Autos – Japan: Lowers expectations after bumper run FT *

Autos – Japan: ‘Competitive cooperation’ now name of the game N *

Autos – Toyota: Rebirth of a brand FT * * *

Autos – Fiat Chrysler: Pitched GM, Others About Consolidation WSJ *

Autos – Ford: Frame Shortage Hampers F-150 Output WSJ

Autos – Fiat: Scepticism over chief’s call for cars tie-ups FT * * * *

Autos – Audi: Turns to Connected Cars in China WSJ *

Autos – Hybrids: Passed By With Gas Prices Less of a Worry NYT

Autos – Vans: Is Selling Like Mad B * * *


TECH



TRADE & TRANSPORTATION

Truck – EPA Proposal Will Put Bigger Rigs on a Fuel Diet NYT

Air – EPA to Set New Limits on Plane Emissions NYT


COMMODITIES



ENERGY & ENVIRONMENT

Shale – After oil rout, energy deals set to focus on US FT * *

Shale – Exxon to Face Regulators’ Questions Over TX Quakes WSJ *

Shale – Patagonia raises hopes and fears FT *


HEALTH

Pharma – Industry bullish over immunotherapies FT * *

Pharma – Call Centers: New Battle Front for Fake Drugs WSJ *


ENDNOTE

When car accidents happen most wapo *


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