Today’s Issue Cluster: Latin America
Canada – BOC warns on Toronto’s condo market
Wheat – Australian farmers hold back sales, may miss the boat
LatAm – Latin Free Markets Rule as Pacific Nations Beat Atlantic
Germany – Jun ZEW Investor Confidence Fell; 29.8 from 33.1 / WSJ / AP / B / b *
US – May: Housing Starts Beat 1m for Second Month; 1.07m from 1.10m / AP / WSJ / R / B / r / r * *
US – May: Consumer Prices Increase by Most in More Than a Year; 0.4% from 0.3% / R / WSJ / AP / B / r / r * *
Currencies – Renminbi rise masks fears of deeper issues FT * * *
Currencies – Sterling Continues to Strengthen WSJ *
Argentina – Faces fresh default FT / WSJ / B / AP / R *
Argentina – Refuses to submit to ‘extortion’ on debt FT / R
Mexico – Pemex chief shows appetite for reform fight FT / WSJ / WaPo *
Mexico – Labor costs rising in China, US manufacturers looking south NYT
Mexico – New Taxes Cloud Economic Growth WSJ
Mexico – Struggles to break shackles that bind productivity FT *
Colombia – Santos re-elected, tells rebels it’s time for peace R / B / WSJ / FT * *
Chile – Poor factory output, retail sales data flag worsening economy R * *
Chile – President aims to soothe investors over reforms FT *
LatAm – Latin Free Markets Rule as Pacific Nations Beat Atlantic B / BW * * * * *
LatAm – Foreign Direct Investment / r *
ECB – EU Inflation Falls, Raising Expectations for More Measures WSJ
ECB – Doubts grow over effect of new loans FT / R *
ECB – Draghi Confined by China $4t Reserves B *
World – Shadow banking offers potential benefits and challenges FT * *
Canada – Home sales spring to life in May, surge 4.8% G&M *
Canada – BOC warns on Toronto’s condo market FP / G&M * * *
Canada – ‘Why housing boom could be in for a big echo’ FP *
Canada – Calgarians snapping up condos in tight housing market G&M *
Canada – ‘This time it’s different, eh’ r *
Canada – Will a rise in mortgage rates cause a housing correction? G&M *
Wheat – Australian farmers hold back sales, may miss the boat R *
Wheat – Bumper year forecast for China’s farmers X *
Wheat – CME sees no convergence issue despite spread concerns R *
Power – France: GE moves to fend off rival bid for Alstom FT / WSJ * *
Power – France: EDF on standby FT *
Power – UK: Electricity suppliers struggle to quench business thirst FT *
Power – US: Power producers: indie label FT *
Power – China: Alleges $1b Misappropriated on Electricity Grid System WSJ / q *
Power – China: Turbine maker counting on new ultrahigh-voltage lines CD *
Power – India: Scorching Heat Exposes Woes WSJ *
Power – Australia: State Plans Grid Privatization WSJ
Pensions – US: Changes Proposed for State, City Retiree-Benefit Plans WSJ
Pensions – US: Plans ‘cash negative’ by 2016 FT / B / WSJ *
Pensions – UK: Dutch-style system for UK face tough credibility test FT / FT
Pensions – UK: Better life for insurers as megadeals take off FT *
Pensions – Japan: Sees Trouble Ahead for Public Plans WSJ
Pensions – Japan: Mulls De-linking Pensions from Prices to Allow Payout Cuts B
Pensions – Japan: Giant Fund Set to Invest More in Stocks, Bonds WSJ *
Pensions – Singapore: Concerns Grow Over System WSJ
Liberals More Likely to Be Soccer Fans wsj *
