23 July 2015



Today’s Issue Cluster: Currencies

Auto – Shale glut turbocharges America’s motoring revival
Aluminum – China, the giant that’s still growing
Gasoline – Lower oil prices? Not for Europe


MAJOR DATA POINTS

SK – Q2: Growth falls to 2-year low; +2.2% / FT *

EZ – Jul: Greek Crisis Weakens Consumer Confidence; -7.1 from -5.6 / WSJ / b *

US – Jun: Conference Board leading indicators rose; +0.6% from +0.8% / AP / R

US – Week: Jobless Claims Fall To Lowest Level Since 1973; -26k to 255k / WSJ / R / B / cr *


MARKETS

Currencies – Divergence in Asia b * *

Currencies – Control of the yuan could set back broader use WSJ *

Currencies – Renminbi’s flexible rate — 10 years on FT * * * *

Currencies – As Commodities Tumble, Asia-Pacific Grasps for Growth WSJ *

Currencies – Oil-Sensitive Countries Hit by Commodity Slump WSJ *

Currencies – Loonie hit by China and oil woes FT *

Currencies – Plunging loonie means inflation in store cbc *

Currencies – Commodity Rout Lowers Kiwi, Aussie, Loonie B *

Currencies – LatAm feels more pain FT / WSJ * * * *

Currencies – Mexico’s falling peso: not (necessarily) about risk aversion FT *

Currencies – Harley-Davidson hits headwinds of strong dollar FT

Currencies – The Rise of The Mighty Pound B / FT *

Currencies – BOE Caution Fails to Take Shine Off Sterling WSJ / FT / WSJ *


ECONOMICS



POLITICS & FISCAL POLICY



MONETARY POLICY

BOE – More MPC members edge towards vote for rate rise FT / FT

BOE – Bound to follow US’s move FT *


FINANCE



REAL ESTATE



LABOR & EDUCATION



SERVICES

Ads – Ad Blockers, Internet Advertisers Play Cat and Mouse WSJ *

Ads – Publishers Face Moving Target in Mobile WSJ *


MANUFACTURING



TECH



TRADE & TRANSPORTATION

Auto – Vehicle Miles Driven increase 2.7% / cr *

Auto – Shale glut turbocharges America’s motoring revival FT * * *


COMMODITIES

Metals – What’s Driving the Commodity Index Lower B *

Metals – Gold Rout Spreads to Copper, Tin and Zinc B / FT * * *

Platinum – Approaching crunch time FT

Palladium – Under siege but strong fundamentals may end carnage R *

Copper – Another Bad Omen for the Commodities Meltdown B *

Nickel – Bucks the trend of slower Chinese metal imports r * *

Aluminum – China, the giant that’s still growing r * *

Iron – Giants’ Push for Ore Tests Mettle of Smaller Miners WSJ *


ENERGY & ENVIRONMENT

Diesel – Prices Tank Amid Global Glut WSJ * *

Gasoline – Refiners Can Keep Floating on Cheap Oil WSJ *

Gasoline – CA drivers pay dearly for refinery problems r *

Gasoline – Lower oil prices? Not for Europe R *


HEALTH

Insurance – Anthem Nears Deal to Buy Cigna for $48b WSJ / R / NYT *

Insurance – Rush to consolidate after Obamacare ruling FT / IBD * *


ENDNOTE

Most spoken languages in the US States (after English and Spanish) DieWelt *


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