Archive for July, 2015

2 July 2015

Wednesday, July 1st, 2015



Today’s Issue Cluster: Autos

China – Equity bubble has echoes of Nasdaq in 2000
Iran – Oil exports could jump by 60% in a year
Air – China’s aviation boom drives airport building frenzy


MAJOR DATA POINTS

US – May: Factory orders fall on transportation; -1.0% from -0.7% / R / AP

US – Jun: Jobs Market Continues Fitful Recovery; +223k from +254k (was +280k) / WSJ / R / NYT / FT *

US – Week: Jobless Claims Rise; +10k to 281k / WSJ


MARKETS

China – Weighs Options to Stem Market Rout WSJ / FT *

China – Firms Discover Margin Lending’s Downside WSJ *

China – Equity bubble has echoes of Nasdaq in 2000 FT / FT *


ECONOMICS



POLITICS & FISCAL POLICY

Iran – Eyes $100b of investment in oil industry FT / FT *

Iran – European oil majors hold Tehran talks FT / WSJ

Iran – Oil exports could jump by 60% in a year R *

Iran – Maps out plans to revive economy when sanctions are lifted FT *

Iran – European groups rev up for return to Tehran FT / WSJ * *

Iran – Should Russia and China expect an arms bonanza? E *


MONETARY POLICY

Fed – Looming Problem: Too Little Debt WSJ *

Fed – Inflation Undershoots 2% Target for 37th Month wsj / WSJ *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES



MANUFACTURING

Autos – US: Chrysler Hits Retail Milestone, Tops Ford WSJ *

Autos – US: Industry Develops a Weak Spot WSJ *

Autos – US: Fuel Economy Targets May Be Less of a Stretch NYT

Autos – Asia: Car Makers Out-Earn US Rivals WSJ *

Autos – World: Profits of Manufacturers / dv *

Autos – China: Europe’s premium makers warned ‘cash cow is dying’ FT

Autos – China: Car Sales Slow in the West WSJ *

Autos – India: Eicher Motors unveils truck that doubles as a generator FT *

Autos – Russia: Lada revs up as sales reverse off a cliff FT *

Autos – EVs: Electric car sales ready to move out of the slow lane FT *


TECH



TRADE & TRANSPORTATION

Air – Justice Department Probes Airlines for Collusion WSJ / FT / NYT / R *

Air – The Next Frontier in Baggage: Digital Bag Tags WSJ *

Air – China’s aviation boom drives airport building frenzy R

Air – Airports Commission recommends third Heathrow runway FT / WSJ *


COMMODITIES

Crops – Corn, Soybeans Rise on Smaller-Than-Expected Stockpiles WSJ *

Crops – Wheat Prices Up Nearly 6% on Heavy Rains WSJ / FT *

Crops – Meat eating set to drive growth in grain demand FT

Crops – Deere, Potash Face a Glutted Market WSJ


ENERGY & ENVIRONMENT



HEALTH



ENDNOTE

Different US regions favor different types of stocks bi *


1 July 2015

Wednesday, July 1st, 2015



Today’s Issue Cluster: Solar Power

Japan – Growth Rebound Short-Lived as Challenges Loom
US – Low Interest Rates, Jobs Boost Subprime Auto Lenders
Rare Earths – Bet Flopped as Scarcity Was a Mirage


MAJOR DATA POINTS

Japan – Jun: Tankan Confidence Index Unexpectedly Improves; 15 from 12 / B / FT

China – Jun: HSBC manufacturing remains weak; 49.4 from 49.2 / AP / R

EZ – Jun: Markit factory growth tepid; 52.5 from 52.2 / R / WSJ

US – Jun: Markit factory activity slowest since October 2013; 53.6 from 54.0 / R

US – Jun: ISM Manufacturing Index Rises; 53.5 from 52.8 / WSJ

US – Jun: ADP Private Sector Jobs Up; +237k from +203k / WSJ / R

US – May: Construction spending rises to 6-1/2-year-high; +0.8% from +2.1% / R


MARKETS

Currencies – Indonesia Bans Foreign Currencies in Domestic Transactions WSJ *

Currencies – Rupiah slump dents corporate Indonesia FT *

Currencies – Yen is running out of wiggle room FT *


ECONOMICS

Japan – China’s Slowdown Stings Companies WSJ *

Japan – Bets on growth to curb debt as Abe reveals three-year plan FT * *

Japan – Growth Rebound Short-Lived as Challenges Loom b *

Japan – Takes On Its Deficit-Ridden Finances WSJ *

Japan – ‘Productivity Revolution’ Plan Offers Few Major Steps WSJ


POLITICS & FISCAL POLICY

Greece – Tsipras backs down on many Greece bailout demands FT

Greece – Proposal Falls Short of Creditors’ Demands WSJ / R / B

Greece – Default Deals Blow to IMF WSJ *

Greece – Athens Race to Sway Bailout Referendum WSJ *

Greece – Heat dries up new stock sales in EU FT * *

Puerto Rico – Close to Deal to Avoid Default WSJ / NYT / WSJ *


MONETARY POLICY



FINANCE

US – Online Lenders Offer New Competition for Banks WSJ *

US – Shadow banks take up the running in risky lending FT *

US – Low Interest Rates, Jobs Boost Subprime Auto Lenders IBD

US – Banks Feel Pinch From Declining Overdraft Fees WSJ * *


REAL ESTATE

US – Office Market Is on a Slow Roll WSJ *

US – Housing stages ‘lopsided’ recovery FT * * * *


LABOR & EDUCATION

HigherEd – Surge of Chinese Applicants Tests US Colleges WSJ

HigherEd – Foreign Grad-School Applications Rise, Driven by India WSJ *


SERVICES



MANUFACTURING



TECH



TRADE & TRANSPORTATION



COMMODITIES

Rare Earths – Molycorp Files for Bankruptcy Protection WSJ / FT

Rare Earths – Bet Flopped as Scarcity Was a Mirage B

Rare Earths – After the boom and the bust r *


ENERGY & ENVIRONMENT

Alt – Solar: Boom Raises Doubts on Sale of Australia Power Assets WSJ *

Alt – Solar: Japan aims for space power N *

Alt – Solar: How Chinese Billionaire’s Bet Soured WSJ *

Alt – Solar: Investors again sour on Chinese stocks N *

Alt – Solar: Industry Hustles As Tax Credit Deadline Nears IBD

Alt – Solar: High-Tech Projects Fail to Deliver WSJ *

Alt – Solar: Battle Puts Hawaii at Forefront of Changes NYT

Alt – Solar: ‘Enjoys a glowing outlook’; r *


HEALTH



ENDNOTE

Interest rates lower than at any time in the past 5,000 years ft *