Today’s Issue Cluster: Oil
Currencies – Bolivar: Venezuelan currency continues plunge
China – When a hot money outflow threatens to become a torrent
TPP – Senate compromise gives Obama ‘fair’ trade deal
US – Apr: Producer Prices Fall; -0.4% from +0.2% / R / WSJ / B
US – Week: Jobless Claims Fall; -1k to 264k / WSJ / R / B *
Currencies – Bolivar: Venezuelan currency continues plunge FT / R
Currencies – EMs: India much better positioned than Brazil FT * * *
Currencies – Euro: US data is now in the driving seat WSJ *
Currencies – Yen: ‘Comatose since the end of March’ FT *
China – Gloomy data prompts talk of fresh stimulus FT
China – Launches Stimulus Aimed at Local Debt Crisis WSJ / FT * *
China – Economy Not Getting High on Stimulants WSJ * *
China – When a hot money outflow threatens to become a torrent ft *
China – Housing Market Shows Signs of Life WSJ
Gaming – Macau: Cold Streak Spurs Construction Queries WSJ / N *
Gaming – Las Vegas: Investors Place New Bets on a Rebound WSJ *
Gaming – Macau vs. Nevada (Gaming Revenue) / b *
TPP – Senate compromise gives Obama ‘fair’ trade deal FT / WSJ / R
Honey – 42% of US hives died in past year AP / WSJ / NYT / R *
Oil – Shale Producers Ready to Raise Production WSJ / FT / B * *
Oil – Many investors are diametrically opposed to David Einhorn’s view FT *
Oil – Fracking could unlock 140b barrels worldwide FT *
Oil – Drillers Answer Low Prices With Cost-Saving Innovations NYT *
Oil – Saudi claims price strategy success FT *
Oil – Saudis spend like there’s no price drop FT * * *
Oil – IEA: OPEC Battle for Market Share Just Beginning WSJ / FT / R *
Oil – OPEC Sees Price Below $100 in the Next Decade WSJ / B *
Oil – Iraqi refinery may be destroyed in battle to save it R *
Oil – ‘Impression of a crowded speculative bet’ WSJ *
Oil – China imports surpass those of US for first time FT *
Oil – US Gasoline Prices Rev Up for Summer WSJ *
Oil – At the gas pump, US biofuel lobby scores a point R *
Oil – Spoils Slow to Flow WSJ *
Pharma – Drug ‘super spenders’ cost US healthcare system $52b FT
Pharma – Teva bids for Mylan amid pressure on copycat drugmakers FT *
Record art sales at auction since 1700 e *
