14 September 2015



Today’s Issue Cluster: Oil

Fed – Interest rate futures indicate 28% chance of a rise
Online – ‘Alibaba: Why It Could Fall 50% Further’
Silicon Valley – Baidu Says Investors Don’t Get China’s Coming Internet Boom


MAJOR DATA POINTS

China – Aug: Industrial output up; +6.1% yr from +6.0% yr / AFP

EZ – Jul: Industrial Output Up More Than Expected; +0.6%, +1.9% yr / WSJ / B / eu *


MARKETS

Stocks – ‘Fears grow over US bubble’ FT / bi *


ECONOMICS



POLITICS & FISCAL POLICY

UK – Marx admirer Corbyn elected Labour leader R / WSJ / FT / NYT / E

UK – Corbyn victory tilts the balance towards Brexit ft / FT / FT

UK – McDonnell poised to come out fighting FT

Australia – New Prime Minister elected by Liberal MPs FT / WSJ / AP / R / B *


MONETARY POLICY

Fed – Interest rate futures indicate 28% chance of a rise FT * *

Fed – More red lights than green E *

Fed – Most Economists Predict Hold WSJ / WSJ / FT *

Fed – Higher Interest Rates Haven’t Been Sticking WSJ *


FINANCE

US – Interest rate rise: Redemption at last for banks? FT * * * *


REAL ESTATE



LABOR & EDUCATION



SERVICES

Online – ‘Alibaba: Why It Could Fall 50% Further’ Bn * *

Online – How Much Shoppers Are Spending / statista *


MANUFACTURING



TECH

Silicon Valley – China Flexes Muscles Before Industry Meeting NYT / FT

Silicon Valley – Tech Companies Cozy Up to China WSJ

Silicon Valley – Google Pursuing a Return to China WSJ / R

Silicon Valley – Baidu Says Investors Don’t Get China’s Coming Internet Boom B / FT

Silicon Valley – Chill Descends at Chinese Startups WSJ *

Silicon Valley – Google under fire for India market abuse FT

Silicon Valley – Tech Firms Make Pilgrimage to Brussels WSJ

Silicon Valley – Russia Puts Off Showdown With Technology Firms WSJ / FT


TRADE & TRANSPORTATION



COMMODITIES

Palm Oil – Malaysia, Indonesia consider steps to lift flagging market N *

Rubber – As Commodities Slump, It Falls More WSJ *

Lumber – IKEA Gets Deeper Into the Woods WSJ *


ENERGY & ENVIRONMENT

Oil – Non-Opec faces biggest decline in more than 20 years FT / WSJ / AP *

Oil – Slump Could Force Non-OPEC to Make Deep Cuts WSJ / IBD * *

Oil – Constraints limit storage at US refineries r *

Oil – Strippers’ Pose Dilemma for Industry WSJ *

Oil – North Sea at ‘serious risk’ of shutdown FT

Oil – Melting Ice Isn’t Opening Arctic to Bonanza NYT

Oil – US Report Finds Economic Benefits of Exports WSJ

Oil – ‘Americas Will Take Brunt of Output Cuts When Iran Returns’ B *

Oil – Low gasoline prices are supercharging fuel sales r *

Oil – China’s rising trading might R *


HEALTH



ENDNOTE

Socialists who bet on Corbyn come into a large amount of capital e *


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