Today’s Issue Cluster: Currencies
Japan – Foreigners Get It Wrong on Stocks
Cocoa – 2015?s Best Commodity Could Turn Into This Year’s Nightmare
Oil – Market’s Last Bastion of Strength Is Now Crashing
Germany – 2015: Economy notches up consistent growth; +1.7% from +1.6% / AFP
US – Dec: Import prices plunge on lower petroleum costs; -1.2% from -0.5% / R / WSJ
US – Week: Jobless claims rise; +7k to 284k / R / B / WSJ
Currencies – Dollar’s ascent enters autopilot mode FT *
Currencies – Devaluations by Asian Tigers Could Hinder Global Growth NYT
Currencies – Rash of devaluations turns spotlight on Nigeria and the Gulf FT *
Currencies – Rand has lost 30% of its value WSJ
Currencies – Year’s Worst-Hit Currencies Recover B *
Currencies – Yuan Falls Sharply in Offshore Market WSJ *
Currencies – Renminbi borrowing rate plunges in HK FT *
Currencies – Behind Yuan’s Tiny Drop, Indications of True Crisis Lurk B *
Currencies – The renminbi should keep falling FT *
Currencies – Bets Against Yuan Face Rocky Road WSJ
Currencies – Weakness Has a Smaller Effect on Exports WSJ *
Japan – Years of falling prices have scarred the economy FT *
Japan – Foreigners Get It Wrong on Stocks B * *
BOJ – What Happens When Japan Runs Out of Bonds to Buy? WSJ *
Japan – Banks Step Up Foreign M&A Lending WSJ *
Japan – Tokyo property: bargain basement FT
Japan – Profits Surge, but Not Wages WSJ *
Japan – ‘Off-message Abe needs to get back on track’ FT *
Cocoa – Prices Off to a Bad Start in 2016 WSJ
Cocoa – 2015’s Best Commodity Could Turn Into This Year’s Nightmare B *
Cocoa – Price Fall Coincides With Ramp Up in LatAm Supply B *
Cocoa – Chocolate Makers Fight a Melting Supply WSJ * * *
Oil – US crude dips below $30 FT / WSJ * *
Oil – $20 Doesn’t Sound So Crazy Anymore B *
Oil – Crude at $10 Already a Reality for Oil Sands / b *
Oil – The Real Price Is Far Lower B *
Oil – Delayed projects total nears $400b FT / FT * * *
Oil – China Drinks Up Crude Then Spits It Out WSJ *
Oil – Market’s Last Bastion of Strength Is Now Crashing B *
Oil – Could Saudi Aramco Be Worth 20 Times Exxon? WSJ / FT * * *
Oil – Saudi Aramco: Bigger Oil, Bigger Trouble WSJ *
Oil – Aramco IPO could mark the end of the post-war order E * *
The Best and Worst States for Powerball Winners B *
