13 May 2016



Today’s Issue Cluster: Oil

US – Credit deterioration: Problem or opportunity?
US – Hopes of factory jobs rebound fade in heartland
Fertilizer – Digital farming could shake-up chemicals sector


MAJOR DATA POINTS

EZ – Q1: Growth revised down; +0.5% was +0.6% / FT / WSJ *

US – Apr: Retail Sales Rebound; +1.3% from -0.3% / WSJ / B / FT *

US – May: UMich consumer sentiment rebounds; 95.8 from 89.0 / WSJ / CNBC

US – Mar: Business inventories rebound; +0.4% from -0.1% / R

US – Apr: Producer Prices Rose; +0.2% from -0.1% / WSJ


MARKETS

US – Munis prove unlikely home for yield-starved foreigners FT *

US – Credit deterioration: Problem or opportunity? B * *


ECONOMICS

US – Hopes of factory jobs rebound fade in heartland R *

US – Manufacturing employment plunged at the time China entered WTO / b *

US – Corporate Profits on Pace for Third Straight Decline WSJ *

US – Recession Has Left Enduring Scars WSJ *

US – ‘America’s middle class meltdown’ FT * *


POLITICS & FISCAL POLICY

US – The newest Switzerland of tax havens FT *

US – Offshore centres hit at financial transparency ‘hypocrisy’ FT *


MONETARY POLICY



FINANCE

US – Fintech firms find a way to finance purchases of secondhand cars E *


REAL ESTATE



LABOR & EDUCATION

US – Baby Lull Promises Growing Pains for Economy WSJ *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Fertilizer – Digital farming could shake-up chemicals sector R

Fertilizer – Russian Producer Grows Rich on Weak Ruble WSJ

Fertilizer – Delay in China potash deal raises doubts over contract FT * *


ENERGY & ENVIRONMENT

Oil – IEA: Demand growth strengthens in Q1 FT

Oil – IEA: India Replacing China as ‘Main Growth Market’ B *

Oil – IEA: Glut to Shrink Despite Iranian Surge WSJ *

Oil – Opec Sees Rival Production Declining WSJ *

Oil – Iran’s Speedy Revival Unlikely to Mean Change in Opec Stance B *

Oil – Saudi Aramco Likely to Step Up Production WSJ

Oil – Delta threats push Nigeria output to 20-year low FT *

Oil – Canada Fire Deals Staggering Blow to Sands Industry NYT

Oil – Companies aim for quick restart after fire G&M / B / b * *

Oil – US stockpiles surprise FT

Oil – Low prices may finally be taking toll on US production b *

Oil – EPA issues final rules on fracking emissions WSJ / FT / NYT / AP / B

Oil – US gasoline demand to surpass previous peak / b *

Oil – US refiners tighten belts as golden era fades R *

Oil – Speculative Investors Cut Bullish Bets WSJ

Oil – Bankruptcies Pile Up B *

Oil – Deals elusive despite $110b in assets on the block R * *

Oil – Banks face more pain despite rally FT * *


HEALTH



ENDNOTE

2016 democratic primary results by counties reddit*


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