Today’s Issue Cluster: Greece
China – A Shortage of Tools for Betting Against Market
Travel – ‘Asia’s most visited cities need more than Chinese tourists’
TPP – US doesn’t favor deal as much as others
Japan – May: Industrial Production Slumps; -2.2% from +1.2% / B / AFP
EZ – Jun: Consumer Confidence Unchanged; -5.6 / WSJ *
US – May: NAR pending home sales rise to nine-year high; +0.9%, +10.4% yr / R / B
China – Stocks Are Battered Anew WSJ *
China – Rout bolsters view bull run is over FT / WSJ / NYT * * *
China – Shadow lending crackdown looms over stock market FT *
China – Beijing may see silver lining in ballooning stock market FT * *
China – A Shortage of Tools for Betting Against Market WSJ *
China – Deflation flatters GDP figures FT * *
China – Rural ghost towns are on the rise N *
China – Plan for Local Debt Amounts to a Bailout WSJ *
Greece – Tsipras gambles political future on bailout referendum FT / WSJ / NYT
Greece – Banks Will Not Open Monday WSJ / FT / NYT / B
Greece – Fragile Banks Leave Tsipras Few Options WSJ / FT *
Greece – Wave of contagion expected after ‘Grexit’ chances rise R / WSJ / WSJ *
Greece – Capital outflows, then and now ft *
Greece – Bucking upward trend of the other peripheries / b *
Greece – Full Default Would Be 4x All Previous Defaults Combined cfr *
Puerto Rico – Governor Says Debts Are ‘Not Payable’ NYT / WSJ *
PBOC – Cuts benchmark interest rates FT / WSJ / NYT / R / AP / B *
PBOC – Rate Cut Hacks a Perilous Path WSJ / WSJ * *
PBOC – Easing Makes It Cheaper to Raise Cash at Home WSJ *
China – Moves to scrap long-held loan-to-deposit cap FT / WSJ * *
Australia – Housing prices going through the roof N *
Australia – Property Lending Sparking Fears of Banking Crisis WSJ *
China – Seeks productivity salvation in robots FT / CD * * * *
Travel – ‘Asia’s most visited cities need more than Chinese tourists’ R *
Travel – Chinese tourism boom growing N *
Textiles – US Asks Vietnam to Cut Out Chinese Supply WSJ *
Textiles – How a US Maker Came to Embrace Free Trade WSJ * *
Textiles – The Weakening Of Chic: Basic Apparel Makers Rally IBD
TPP – Progress in Japan shakes up sake and crackers FT
TPP – Why everyone is so keen to agree new trade deals e * *
TPP – US doesn’t favor deal as much as others q *
TTIP – ‘Nein Danke’ – smaller German firms see threat R
