Today’s Issue Cluster: Oil
Japan – May: Industrial Production Drops; -2.3% from +0.5% / B / AFP
EZ – Jun: Inflation rises; +0.1% from -0.1% / eu *
US – Week: Jobless claims rise; +10k to 268k / R
US – Yellen warns on poor productivity FT / B *
US – IMF sees economy in ‘good shape’ R / FT
US – Cheap Fuel Puts $20b in Pockets, AAA Says / B * *
US – Philly Fed State Coincident Indexes Increased in 38 States cr *
US – The Upper Middle Class Is Larger Than Ever WSJ / WSJ *
Brexit – FTSE 100 is back above last Thursday’s close WSJ *
Brexit – Stocks Rebound, but Jitters Linger WSJ *
Brexit – Models for the UK’s Future BW *
Brexit – Political contagion risk minimal: Eurasia Group / eg *
US – Fed Stress Tests Clear 31 of 33 Big Banks WSJ *
US – Morgan Stanley Must Resubmit Capital Plan / B * * *
US – EU banks face new challenge FT *
US – Rents Are Booming, But for How Long? WSJ
US – Dying Shopping Malls Have Billions in Debt Coming Due B *
US – Behind those Amazon boxes, a bull market in warehouses R
US – AIA Architecture Billings Index increased cr *
Auto – US Vehicle Miles Driven increase / cr *
Truck – ATA Index increases / cr *
Oil – Inventories streak of declines most in a year / b *
Oil – Market: New Saudi minister signals end to glut FT
Oil – Market: Saudis May Have Called the End of the Glut Too Early / b *
Oil – Majors: In traditional markets despite renewables pressure FT *
Oil – Canada: Output Poised to Fall for First Time in 7 Years B *
Oil – Canada: Sands to dominate output growth to 2030 / b *
Oil – Nigeria: Output has been cut by a third; it may get worse E *
Oil – Russia: Company Is for Sale, Again NYT
Oil – Gulf of Mexico: Companies Crank Up Production WSJ *
Oil – US: Explorers take pause for the first time this month / b *
Oil – US: Obama Fracking Rules Struck Down WSJ / NYT / FT / R
Oil – US: The Rotten State of the Strategic Reserve BW *
Oil – US Demand: Record guzzling fails to dent inventories FT
Oil – China Demand: Imports of Russian crude reach a record / b *
US religious groups and their political leanings pew *
