2 June 2014



Today’s Issue Cluster: Currencies

Pot – Colorado Sees the Downside of a Legal High
Coffee – Rust reaches new heights in Central America
Pharma – Cancer Researchers Report Longer Survival Rates With Immunotherapy


MAJOR DATA POINTS

China – May: Manufacturing Gauge Rises to Five-Month High; 50.8 from 50.4 / WSJ / AP / B / R / FT / X / b / b * *

India – FY13-14: GDP Disappoints; +4.7% from +4.5% / WSJ *

EZ – May: Markit PMI points to manufacturing slowdown; 52.2 from 53.4 / FT / B / R * *

Germany – May: Inflation is lowest in years, adds to case for ECB action; 0.6% / R *

Brazil – Q1: Economy Slows; +0.2% from +1.9% yr / WSJ *

US – May: ISM Manufacturing Index Falls; 53.2 from 54.9 / B / r *

US – Apr: Construction spending up; +0.2% from +0.6% / AP / r *


MARKETS

Currencies – Death of US dollar is greatly exaggerated FT *

Currencies – Euro Faces Pressure Over Threat of ECB Easing Measures WSJ

Currencies – Falling renminbi raises eyebrows overseas FT

Currencies – Renminbi bulls offered glimmer of hope FT * * *

Currencies – South Korean won at highest in six years FT / B *

Currencies – EMs currencies slip amid easing moves FT / FT

Currencies – Thai military rulers appoint anti-Thaksin advisers R *

Currencies – Chaos in Venezuela Portends Write-Downs WSJ *

Currencies – Unrest Takes Toll on Nigeria’s Naria WSJ *

Currencies – Argentine Peso Comes Back Under Pressure WSJ

Currencies – Silicon Valley’s rush to back Bitcoin services rouses concerns FT

Currencies – Cold War is starting to heat up FT *

Currencies – Swings take toll on consumer groups and manufacturers FT *


ECONOMICS



POLITICS & FISCAL POLICY

Ukraine – US to Press Financial Weaponry In Talks With European Allies on Russia WSJ

Ukraine – Putin backs moves to improve Russia’s investment climate FT *

Ukraine – Russian Bonds Rally Despite Crisis Rumbling On WSJ *


MONETARY POLICY

ECB – To tackle deflation threat with rate cut FT / R / ft *


FINANCE



REAL ESTATE



SERVICES

Pot – Uruguay Has Big Hopes for Cannabis Industry WSJ

Pot – When Cannabis Goes Corporate NYT *

Pot – Hemp Enters the Mainstream BW *

Pot – Colorado Sees the Downside of a Legal High NYT *


MANUFACTURING

Robots – Are Getting Smarter WSJ / WSJ / WSJ *

Robots – China becomes largest buyer FT / FT / FT / FT *


TECH

PCs – Demise greatly exaggerated, says Intel head FT

PCs – Market Slide Continues But Conditions Improving IBD


TRADE & TRANSPORTATION



COMMODITIES

Coffee – Rust reaches new heights in Central America AP

Coffee – Africa’s Changing Tastes Put Exports Under Strain WSJ

Wheat – Dry weather threat in key regions FT *

Soybeans – Argentine Farmers Reap Discontent WSJ *

Sugar – Brazil’s woes weigh on market FT *

Cotton – The new aluminum? Warehouse queues rise, along with tempers R *


ENERGY & ENVIRONMENT

Carbon – EPA to Seek 30% Cut in Emissions NYT / WSJ / FT / AP / B / R

Carbon – Limits Likely to Drive Up Electricity Prices WSJ

Carbon – EPA may nod to nuclear in carbon rules, as generators fear closures R * *

Carbon – A Price Tag as a Climate Rescue Plan NYT

Carbon – Obama’s Step Forward Undone by China’s Steps Back B *


LABOR & EDUCATION

Japan – Worker Shortages Rattle Recovery WSJ *


HEALTH

Pharma – Cancer Researchers Report Longer Survival Rates With Immunotherapy NYT / WSJ

Pharma – Hopes for cancer cures offer comfort for battered sector FT / FT * * *

Pharma – Hormone Suppressor Seen Helping Some Breast-Cancer Patients WSJ *


ENDNOTE

Generic Terms for Streams in the US motw *


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