Today’s Issue Cluster: Shale
EMs – Fragile Five Swoon Anew as Iraq-Oil Link Gives Pause
Asia – Exporters not catching typical lift from US recovery
Mining – Investors Fret Over Flood of Iron Ore
US – Q1: Economy Shrinks by Most in Five Years; -2.9% was -1.0% / WSJ / R / B / FT / AP / nyt / r *
US – May: Durable Orders Drop; -1.0% from +0.6% / R / WSJ / AP / B / r *
EMs – Fragile Five Swoon Anew as Iraq-Oil Link Gives Pause B / ft *
EMs – FDI into developing economies forecast to stall FT * * * * * * *
Dubai – Market Tumbles Amid Property Stocks Selloff WSJ *
Dubai – Stocks Still Expensive to ABN After Rout B *
Japan – Abe Unveils New Growth Strategy WSJ / NYT / AP * * * * * * * *
Japan – Abe’s ‘Third Arrow’ Seeks a Hard Target WSJ / R / NYT *
Japan – Tourists Bring Japan First Surplus Since 1970 B *
Iraq – Kurds Signal Loyalty to Country, but Not to Maliki WSJ / FT / r * *
MNB – Hungary Cuts Main Rate to Record on Negative Inflation B / WSJ
TCMB – Turkey Cuts Interest Rate Again to Boost Growth WSJ / FT *
US – Hold Off on House Party WSJ *
US – Apartment Market Shows Staying Power WSJ *
US – After Dizzying Rally, REITs May Be Overheating WSJ *
US – ‘The housing market is off track’ wapo *
US – The age of housing in every zip code wapo * *
Asia – Exporters not catching typical lift from US recovery R * *
Mining – South Africa strike casts shadow over white metals FT / WSJ / FT *
Mining – China Metal Probe Weighs on Copper Outlook WSJ / R / WSJ
Mining – Zinc Prices Surge as Supplies Shrink WSJ
Mining – Investors Fret Over Flood of Iron Ore WSJ / ABC *
Shale – US: Ruling Loosens Four-Decade Ban On Exports WSJ / NYT / FT *
Shale – US: Oil From Fracking Is More Volatile Than Expected WSJ * *
Shale – US: PA Weighs New Tax on Natural-Gas Drilling WSJ *
Shale – US: CO Fracking Deal Proves Hard to Seal WSJ *
Shale – US: Cities, States Begin to Limit Drilling WSJ / WSJ * *
Shale – US: Shakeout Threatens as Frackers Go for Broke B
Shale – US: Wall Street’s latest fad is built on sand R
Shale – US: Energy Companies Try to Address Fracking Complaints WSJ *
Shale – US: Officials cut estimate of Monterey oil by 96% LAT / WSJ *
Shale – US: Production updates for Bakken, Eagle Ford and Permian / cd *
Shale – US: How fracking helps America beat German industry R *
Shale – Germany: Brewers fear fracking will spoil their beer FT
Shale – Germany: Berlin prepares to allow fracking FT / NYT
Shale – Germany: Berlin to Tighten Extraction Regulations WSJ / B
Shale – EU: Greens boosted by fracking opponents in EU elections FT
Shale – EU: Nato claims Moscow funding anti-fracking groups FT
Shale – UK: Estimates for reserves are high; land grab is on FT *
Shale – UK: Home Counties survey finds ‘no bonanza’ FT / NYT / bi *
Shale – Russia: BP signs deal with Rosneft FT
Shale – China: Seen Outspending US Drillers to Chase Boom B / R
Shale – Venezuela: Sees US boom as bonus for own oil industry R
Shale – Mexico: Drug Gangs Attacking With Tanks Block Boom B / R *
Shale – World: IEA Sees Spread of Revolution WSJ
Chart Shows The Average Wage For Almost Every Job In America bi *