Today’s Issue Cluster: Metals
China – World bank profits hit $920b as Chinese lenders boom
Transit – Canada manufacturers cry foul over Buy American bill
Ship – As Panama Canal Expands, West Coast Ports Scramble
China – Jun: HSBC PMI shows first expansion in six months; 50.7 from 49.4 / R / WSJ *
China – Jun: Official PMI Rises to Six-Month High; 51.0 from 50.8 / B *
Japan – Jun: Tankan Corporate Sentiment Worsens after Tax Rise; +12 from +17 / WSJ *
EZ – May: Jobless Rate Unchanged as Crisis Legacy Lingers; 11.6% / AP / B / NYT *
EZ – Jun: Markit manufacturing PMI eases, France slowdown weighs; 51.8 from 52.2 / R / B / WSJ * *
US – Jun: ISM manufacturing sector growth dips slightly; 55.3 from 55.4 / WSJ / R *
US – Jun: Markit manufacturing expands at fastest rate in over four years; 57.3 / R * *
US – May: Construction spending barely rises; +0.1% from +0.8% / R / AP *
Bonds – High water for eurozone rally as yields near US levels FT * * *
Bonds – Spreading Unease in Corporate Markets WSJ *
Bonds – Securitisations backed by delinquent US mortgages bounce back FT
Bonds – US Investors Flock to SK WSJ * *
Bonds – Russian issuance sparks optimism FT
Bonds – Municipal index performance / *
World – Capital expenditure by companies still stalling FT * *
US – Businesses Spend Money–but Not Yet on Capital Projects wsj *
Iraq – New Parliament to Convene and Start Choosing Key Leaders WSJ *
Iraq – Iran-Saudi proxy war heats up as Isis entrenches FT / S *
Iraq – Rebels Extend Reach E *
Iraq – Areas currently controlled by ISIS / afp *
Iraq – Syria Borders / *
Iraq – Turkey ready to accept Kurdish state in historic shift FT / FT / NG *
China – Regulator to Ease Rules on Banks’ Loan-to-Deposit Ratio WSJ / b *
China – World bank profits hit $920b as Chinese lenders boom R / q *
China – Banks’ profit growth to slow, risks rising R
China – The world’s top banks are changing their strips e *
France – Mortgage lending slumps in May despite low rates R *
Taxis – US medallions have been a good investment for years q * *
Taxis – Green Cabs Gaining Ground in NYC WSJ *
Transit – Canada manufacturers cry foul over Buy American bill G&M / CP
Telecoms – Fragmented industry undermines Europe’s single-market dream FT * * * *
Ship – As Panama Canal Expands, West Coast Ports Scramble NYT
Ship – West Coast Ports Set to Keep Humming WSJ *
Metals – Iron: Investors Fret Over Flood of Ore WSJ / FT / N / X * *
Metals – Iron: The Great Glut of China N *
Metals – Iron: ‘China’s zombie industries menace global markets’ N *
Metals – Aluminum: Japan premiums mostly set at record high R *
Metals – Aluminum: Steer Clear of China Crush WSJ *
Metals – Palladium: Supply uncertainty keeps prices at near record levels N * *
Metals – Gold: Geopolitical Unease Lifts Price, but for How Long? WSJ *
Metals – Gold: Singapore seizes on soaring Asia demand FT *
Metals – Copper: Prices Seen Marching Higher WSJ / WSJ *
Shale – US: PA Fracking study finds new gas wells leak more AP
Shale – US: ND’s Latest Fracking Problem WSJ
Shale – US: NY Communities Can Ban Fracking, Court Rules WSJ *
Ebola – Crisis spreads R / r *
When to Expect the “Warmest Day of the Year” in US NOAA *
