15 June 2016



Today’s Issue Cluster: Retail

China – IMF warns on ‘high and rising’ debt risk
Oil – Majors: $1tn spending cut raises fears over future supply
Oil – US: Billions in Proven Shale Reserves Suddenly Became Unproven


MAJOR DATA POINTS

US – May: Industrial Output Fell, Auto Production Plummeted; -0.4% from +0.6% / AP / R / WSJ

US – May: Producer Prices Climbed on Energy; +0.4% from +0.2% / WSJ / R


MARKETS

China – MSCI Delays Adding Shares to EM Index WSJ / FT / NYT / FT * *

China – Investors see heavy hand behind recent market tranquility WSJ *

China – Spent $470b to maintain confidence in renminbi FT *

China – Corporate Bonds Too Murky for Many Investors WSJ *


ECONOMICS

China – IMF warns on ‘high and rising’ debt risk FT / ft *

China – Sputtering Sound Returns WSJ *


POLITICS & FISCAL POLICY



MONETARY POLICY



FINANCE

China – How Fixing Problems Can Make Them Worse WSJ *


REAL ESTATE

China – Fears that Shenzhen property boom will hurt tech boom R


LABOR & EDUCATION



SERVICES

Retail – Strength Gives Fed Some Clarity on Growth Outlook WSJ

Retail – Attention Shoppers: Yoga in Aisle 3 WSJ *

Retail – Online Gives Industrial REITs a Lift WSJ

Retail – UK stores struggle with global move away from physical shops FT *

Retail – Alibaba Expects 48% Revenue Growth WSJ *

Retail – Alibaba Says fakes are better than originals FT

Retail – India ecommerce growth found in translation FT *


MANUFACTURING



TECH

Telecoms – FCC’s Net-Neutrality Rules Upheld by Appeals Court WSJ / FT / NYT

Telecoms – Wireless Providers Bid On FCC Spectrum IBD


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – Market: IEA sees no sustained balance until 2017 FT / B *

Oil – Market: Opec points to demand exceeding production R

Oil – Market: Opec spare capacity forecast to fall this year & next b *

Oil – Majors: $1tn spending cut raises fears over future supply FT / B *

Oil – Majors: Find virtue in integration FT *

Oil – Exporters: Learn to Live with Lower Prices imf *

Oil – Venezuela: Production Drops Sharply WSJ

Oil – China: Output Cut by Most in 15 Years B *

Oil – US: Billions in Proven Shale Reserves Suddenly Became Unproven B

Oil – US: Shale producers evolve in survival of the fittest FT

Oil – US: Rising Prices Encourage Shale Producers B *

Oil – US: Drillers Add Rigs for Two Straight Weeks / b *


HEALTH



ENDNOTE

Map Of The Town of Springfield From The Simpsons bm *


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