Today’s Issue Cluster: Oil
World – Citi: US recession, zero interest rates in China next year
Fed – Rate hike has Democrats feeling nervous
Rail – Cheap Crude Stalls Oil Trains
EZ – Oct: Retail trade down; -0.1%, +2.5% yr / EU *
Germany – Nov: Markit Composite PMI rises to 8-month high; 55.2 from 54.2 / m *
US – Nov: Markit service PMI fastest since August; 56.1 from 54.8 / m *
US – Nov: ISM Services PMI Falls; 55.9 from 59.1 / WSJ / R
US – Oct: Transportation buoys factory orders; +1.5% from -0.8% / R
US – Week: Jobless claims edge up; +9k to 269k / R / WSJ / AP
World – The return of inflation could define capital markets in 2016 FT *
World – Credit homework pivotal for investors FT * *
World – Debt defaults near milestone FT *
World – Investors Too Slow to Catch Peak Returns WSJ *
World – Global company debt sales eclipse $2t FT *
World – Private market readies for credit ructions FT * *
World – Private sector debt threatens EM governments, says Fitch FT * *
World – EM Defaults Rise After Asia’s Debt Pileup WSJ *
World – Citi: US recession, zero interest rates in China next year R
World – Fiscal Policy Makers Act B *
Fed – Yellen Says Economy Is Ripe for Hike NYT / WSJ / FT / R / AP / B *
Fed – Economy Expands at ‘Modest’ Pace, Beige Book Says WSJ / AP / B / B *
Fed – Rate hike has Democrats feeling nervous Pol
World – UBS: These 12 massive housing markets are too hot / bi *
Rail – Keystone Rejection Seen Pushing Crude Back Onto Cars B *
Rail – Cheap Crude Stalls Oil Trains B *
Pipeline – Climate policy is good for projects, Canada minister says G&M
Pipeline – After Keystone setback, TransCanada turns to Mexico B / G&M *
Oil – Falls Below $40 Amid New Signs of Glut WSJ *
Oil – Iran To Increase Output 1 mbpd, Calls on Others to Cut B / WSJ *
Oil – Opec Is Ready to Rumble Over Saudi Output WSJ *
Oil – Saudi counters ‘lower for longer’ mantra FT / B * *
Oil – Opec Argues About Cuts WSJ / AP / B
Oil – Opec’s Faith in Demand Rise on Shaky Ground WSJ *
Oil – How China trimmed its Opec dependence FT * *
Oil – IEA Sees Glut Through 2016 After Reaching 17-Year High B *
Oil – Bulls Brace for Repeat of Opec’s Bearish Blow B *
Oil – Futures suggest fears of further sharp drop are premature WSJ *
Oil – Cut Supply or Drop Riyal Peg? Saudis Face ‘Critical’ Choice B *
Oil – Russia and Saudi Arabia Battle for Europe WSJ *
Oil – Saudi Arabia Edges Out Russia in China Sales B *
Oil – Low Crude Prices Catch Up With US Producers WSJ *
Oil – Writedowns Plague US Companies / B *
Oil – Strippers are more vulnerable than the frackers WSJ *
Oil – Japan falls out of love with petrol FT
Oil – Petrobras the World’s Most Indebted Oil Company WSJ *
Oil – Italy’s Eni Plans to Pump in Arctic WSJ *
Oil – Alberta’s carbon plan roils industry NP * * *
Schumpeter hits camera operator industry t *
