Today’s Issue Cluster: US Real Estate
Pipeline – Canada oilpatch could lose $100b without new lines
Aluminum – Surging production promises more pain
Drugs – Sold Online in China in an Unbridled Market
China – Jun: HSBC manufacturing activity contracts slightly; 49.6 from 49.2 / AFP / R / WSJ *
EZ – Jun: Markit PMI picks up pace; 54.1 from 53.6 / FT / AP / B *
US – May: New home sales rise to seven-year high; +2.2% from +8.1% / R / WSJ / B / cr *
US – May: Durable Goods Down; -1.8% from -1.5% / WSJ / R / AP
US – Jun: Markit factory activity growth at slowest since 2013; 53.4 from 54.0 / R
Currencies – Swiss franc resists attempts to weaken FT * * *
Currencies – Renminbi liberalisation leaves capital controls intact FT *
Currencies – Euro buoyancy suggests markets looking beyond Grexit FT * *
Greece – Athens Bailout Proposals Lift Hopes of Deal WSJ / FT / R / B / WSJ *
Greece – Least favourite pupil gets another extension FT *
Greece – The crisis years in context ft *
US – Rising Mortgage Rates to Test Housing Market’s Strength WSJ *
US – Low-Down Mortgages Picking Up WSJ *
US – Many homes still owe more on mortgages than property is worth B *
US – Chinese take lead among foreign buyers of homes FT
US – ‘Home Prices Return to Sanity’ nyt *
US – Cement Makers Find Right Mix For Pricing Power IBD
Streaming – Apple’s deep pockets pose threat to Spotify FT * * * *
Streaming – Hulu Steps Up Its Fight Against Netflix WSJ *
Pipeline – Cheap Gas Fuels Push For Mergers WSJ / WSJ
Pipeline – Canada oilpatch could lose $100b without new lines CBC *
Platinum – Slammed by Supplies, Dollar WSJ * *
Copper – Supply glut takes shine off short-term price outlook FT * *
Copper – Falls to Six-Week Low WSJ / FT *
Aluminum – Surging production promises more pain r *
Aluminum – A brief history of premiums r * *
Aluminum – ‘Bauxite supply no hindrance to China’s boom’ R * *
Scrap – US Is Awash in Glut WSJ *
Power – Iberdrola calls for reforms to back ‘efficient’ renewables FT *
Power – Global energy subsidies fuel climate change, says IMF study WSJ * *
Power – Line standoff holds back Germany’s green energy drive R *
Power – ‘Fossil Fuels Just Lost the Race Against Renewables’ B *
Drugs – Sold Online in China in an Unbridled Market NYT
Drugs – Silk Road Founder Sentenced to Life in Prison WSJ
Drugs – Silk Road successors e *
Drugs – Worker Use Appears to Rise WSJ *
Drugs – Colombia Takes U-Turn WSJ
Cultivation Declines *
Eradication pays off in Colombia *
Growing presence in Peru *
Comeback in Colombia *
Shrinking supplies *
Declining use *
Drugs – The International Trade am *
Facial Hair of Male World Leaders dv *
