12 June 2015



Today’s Issue Cluster: Oil

Greece – Germany’s Finance Minister Mulls Taking on Merkel
Robots – DARPA shows promise and pitfalls of autonomous technology
H5N2 – 1st Midwest farm hit by bird flu restarts


MAJOR DATA POINTS

EZ – Apr: Industrial Production Rises Slightly; +0.1%, +0.8% yr / WSJ *

US – May: Producer prices post largest gain since 2012; +0.5% from -0.4% / R / WSJ / B / AP *

US – Jun: UMich consumer sentiment climbs; 94.6 from 90.7 / R / B *


MARKETS

Stocks – EMs: Suffer Largest Outflow in Seven Years WSJ *

Stocks – China: The whale could sink emerging markets FT * * * *

Stocks – China: Hot Market Beckons Chinese Firms Home WSJ *

Stocks – Saudi Arabia: ‘Stringent’ limits on buying FT * *

Stocks – Germany: Sputters After Strong Start to 2015 WSJ *

Stocks – US: Dow Theory Has Investors Skittish on Market’s Next Leg WSJ * *

Stocks – US: Equity bulls follow the path of the shopper FT *

Stocks – US: High valuations test equity bulls FT * * *


ECONOMICS

US – Shoppers Splurge as Economy Heats Up WSJ *

US – Net Worth Hits High of $85t WSJ / cr * *

US – Growth is heating up west of the Mississippi B / wsj *

US – ‘Better than it looks’ E * * * *

G20 – ‘Not have much wriggle room when next crisis strikes’ E / e *


POLITICS & FISCAL POLICY

Greece – IMF quits talks amid ‘air of unreality’ as deal unravels FT / WSJ / NYT *

Greece – Government austerity works, ECB economists say FT

Greece – Money pulled from banks amid fears of capital controls FT / WSJ *

Greece – Crisis Club’s Odd Man Out WSJ *

Greece – Germany’s Finance Minister Mulls Taking on Merkel S *


MONETARY POLICY



FINANCE



REAL ESTATE



LABOR & EDUCATION

US – LA Boosts Minimum Wage WSJ *

US – As Minimum Wages Rise, Smaller Firms Get Squeezed WSJ *


SERVICES



MANUFACTURING

Robots – New Generation for Manufacturing WSJ *

Robots – DARPA shows promise and pitfalls of autonomous technology E / e *


TECH



TRADE & TRANSPORTATION



COMMODITIES

Crops – Grain Prices Slide on Higher Supplies Forecast WSJ

Crops – Pulses prices shoot up by 30% to 40% due to drought fears in India ET


ENERGY & ENVIRONMENT

Biofuel – Gasoline Industry Wrestles With Law’s Unintended Consequences WSJ *

Biofuel – US plan rattles ethanol credits FT *

Oil – Demand Rising, IEA Says WSJ / FT *

Oil – Iran in Opec limelight as pump is primed FT *

Oil – Saudi Arabia, Iraq Push Opec Over Its Ceiling WSJ / FT / FT *

Oil – Russian O&G reserves jump most in BP league table R / R *

Oil – US Ousts Russia as Top World O&G Producer B / b *

Oil – Tectonic shifts in the energy sector / q * * *

Oil – BP cautions on China energy slowdown FT * *


HEALTH

H5N2 – 1st Midwest farm hit by bird flu restarts AP

MERS – HK issues ‘red alert’ against SK travel R

MERS – Lessons From SARS Highlighted WSJ *


ENDNOTE

Dominance of major burger chains across US datapointed *


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