Links – 4th October 2013

Global Macro/Markets:

• Global growth hits one-and-a-half year high in Q3 – Markit Economics
• Calm markets peer beyond political storms – Reuters , Gavyn Davies
  
• or, Mounting Wall Street fears of US default – FT
• The valuation case against high quality European stocks. – FT
• UBS Brokers in Puerto Rico Create Headache for the Bank – NYT
• Citigroup fined $30 million after analyst sent report to SAC, others – Reuters

North America:

• Obama blames Republican ‘obsession’ for government shutdown – Reuters
• Wells Fargo Sued by New York Over Mortgage-Service Accord – Bloomberg
• Is grand bargain the only way out? – Politico
• No end in sight to government shutdown after ‘unproductive’ White House meeting – CNN
• Reid Sets Tone for Democrats in Shutdown Fight – WSJ
• Treasury Says Mere Prospect of Default Endangers Economy – NYT
• ISM Non-Manufacturing Index at 54.4 indicates slower expansion in September – Calculated Risk
• Weekly Initial Unemployment Claims increase slightly, Four Week Average lowest since May 2007 – Calculated Risk
• SEC Weighs Overhaul of Exchanges’ Self-Regulatory System – WSJ
• Shutdown will not slow Fed nomination, says Obama – FT

Europe:

• Eurozone recovery gathers pace in Q3 – Markit Economics
• Greek unemployment rate to reach 34 pct by 2016, study find – ekathimerini
• Volume of retail trade up 0.7% in Euro Area – EuroStat

Asia:

• China Services Index Increases in Sign of Sustained Rebound – Bloomberg

Local:

• Lib’s NBN gets Mike Quigley green light – TheOz
• NBN directors slams Conroy and Turnbull – AFR
• Agency needed to oversee infrastructure debt, says McKibbin – AFR
• Hypocrisy cry as Barnaby Joyce switches on foreigners – TheOz
• Miners want red tape cut, productivity raised – AFR
• AusAid cuts threaten immunisation programs – TheOz
• Extra $116m sought from mogul – TheOz
• Leighton Holdings ex-boss denies bribe claims – TheOz , AFR
• Jobs lost as another builder winds up – SMH
• PwC to feel heat in Rinehart trust dispute – AFR
• Keating attacks harbourfront operas – SMH
• SMSF investors should be able to pinpoint reasons for property rises before they buy – Property Observer

Other:

• Tesla Says Car Fire Began in Battery – AP
• Bitcoin Bets Feed Twitter Dreams as Regulators Circle – Bloomberg