Today’s Issue Cluster: Refiners
Japan – Jun: Industrial Output Rebounds; +1.9% from -2.6% /
B / FT
Japan – Jun: Retail Sales Improve; +0.2% from +0.1% / FT / B
EZ – Q2: Economy Slowed; +1.2% from +2.2% / WSJ / FT / R
EZ – Jun: Inflation up; +0.2% from +0.1% / eu
EZ – Jul: Unemployment stable; 10.1% / eu
US – Q2: GDP Disappoints; +1.2% not +2.6% / WSJ / R / FT / NYT *
US – Q2: Employment Costs Up; +0.6% from +0.6% / WSJ
US – Jul: UMich consumer sentiment drops; 90.0 from 93.5 / MW
US – Jul: Chicago PMI dips; 55.8 from 56.8 / MW
Japan – 20-Year Bond Yield Turns Negative WSJ *
Japan – Strong Yen Could Further Damp Corporate Earnings WSJ *
Japan – Abe may have the votes he needs to change the constitution E *
Japan – Election win puts Abe in position to change the constitution N *
BOJ – Plays for time with weak stimulus FT / WSJ / R / NYT / WSJ / B * *
BOJ – Under govt pressure, Kuroda mulling specific steps for easing R / WSJ *
BOJ – ‘Helicopter Money’ Prospect Has Yen Traders On Edge WSJ *
BOJ – Kuroda set to dash hopes of ‘helicopter money’ FT / WSJ
BOJ – Holds 1/3rd of all government bonds / t *
Japan – Population Falls by Most Since Records Began in 1968 B * *
Japan – As population shrinks, bears and boars roam LAT
Planes – Airbus takes €1.4b charges FT / B
Planes – Boeing takes $2b charges FT
Planes – Air show witnessed slowdown in jet orders FT * * *
Planes – Airbus and Boeing put pressure on supply chain FT * *
Refiners – Why It’s All Downhill B
The U.S. Is Swimming in Gas… *
…And So Is Europe *
Refineries – The Glut Strikes Back B * *
Refiners – On cusp of bear market after stocks rise FT / WSJ *
Refiners – Fuel Glut Keeps Pressure on Profit WSJ / B *
Refiners – ‘A Correction Is Upon Us’ B *
Refiners – Majors Losing Other Engine B / B *
World’s top 10 largest Cities by GDP am *
