17 April 2015



Today’s Issue Cluster: Oil

Fed – Chance of June Rate Rise Lessens
US – ‘The Drought’s Latest Victim Is the Housing Market’
Iron – Australia’s Angst Adds to RBA Easing Pressure


MAJOR DATA POINTS

EZ – Mar: Inflation confirmed; -0.1% from -0.3% / eu *

US – Mar: Consumer prices lifted by gasoline, shelter; +0.2% from +0.2% / WSJ / R / B / AP *

US – Mar: ConfBd gauge of economy rises; +0.2% from +0.1% / AP

US – Apr: UMich consumer sentiment up; 95.9 from 93.0 / R *


MARKETS

Currencies – Loonie: Bearish Bets Batter Canadian Dollar WSJ * *

Currencies – Aussie: Trails the field FT *


ECONOMICS



POLITICS & FISCAL POLICY

Greece – Europe Braces for Brinkmanship WSJ / FT / FT *

Greece – Payback time / e * * *


MONETARY POLICY

Fed – Chance of June Rate Rise Lessens WSJ / R *

Fed – Beige Book: Economy Powers Through Headwinds WSJ / FT / AP

Fed – Faces its trickiest rate cycle yet FT * *

Fed – Official at odds with IMF rates warning FT

Fed – Expected to Shift on Muni Bonds WSJ *

Fed – Taper tantrums could end in tears for bondholders FT *


FINANCE



REAL ESTATE

World – Property bubble fears mount as prices and yields spike FT * *

US – Sluggish Housing Starts Belie Builders’ Confidence WSJ

US – Racing to Buy Homes Sight Unseen WSJ *

US – ‘The Drought’s Latest Victim Is the Housing Market’ B * *

US – After Foreclosures, Home Buyers Are Back WSJ * *

US – NMHC Apartment Market Conditions Tighter / cr *


LABOR & EDUCATION



SERVICES

Sneakers – Makers Train Their Eyes on Fashion WSJ *

Sneakers – Nike, Foot Locker Ride Crest Of Basketball Wave IBD

Sneakers – How Adidas Aims to Get Its Cool Back WSJ / FT / WSJ / bi * * *


MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Iron – Producers face S&P downgrade ABC

Iron – Australia’s Angst Adds to RBA Easing Pressure B / ABC *

Iron – Australia steeled for China slowdown FT * *


ENERGY & ENVIRONMENT

Oil – Demand seen lagging boom era growth FT *

Oil – Winners and Losers / B *

Oil – Low Prices Cool Boom in US Production WSJ

Oil – Prices Fall as Supply Glut Concerns Persist WSJ

Oil – Opec boosts output during March FT / B

Oil – Saudi Arabia Maneuvers to Retain Crown WSJ *

Oil – IEA: Market Recovery Could be Delayed WSJ / FT

Oil – IEA: No Immediate Market Impact After Iran Deal WSJ / r *

Oil – US refineries start to absorb surplus crude stocks: Kemp r * *

Oil – New US Offshore Drilling Rules WSJ / NYT

Oil – OPEC Sees US Boom to End in 2015 WSJ *

Oil – ‘US Boom Could End in May After Price Collapse’ B / B / B

Oil – US Output to soar till 2020 despite price rout: EIA R

Oil – Mapping the US boom FT * * * * * * *

Oil – Fall in prices has not curbed fracking nearly as much as expected E *

Oil – Rig Counts Could Fall Farther B *

Oil – ND output stays high even as rigs go idle R *


HEALTH



ENDNOTE

NYC 19th Century ‘Stench Map’ atlantic *


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