6 July 2015



Today’s Issue Cluster: US Labor

Ship – Cargo Industry Gloomiest Since 2009 as Glut Endures
Insurance – US Companies Seek Big Rate Increases for 2016
Insurance – In Health Law, a Boon for Diet Clinics


MAJOR DATA POINTS

Germany – May: Factory orders slip; -0.2% from +2.2% / AP / b *

US – Jun: ISM services rises; 56.0 from 55.7 / AP / R / cr *


MARKETS

China – To Suspend New Stock Sales to Preserve Liquidity WSJ / FT / NYT / R / WSJ *

China – Stabilizes But HK Shares Plunge WSJ / NYT / FT / R / WSJ *


ECONOMICS



POLITICS & FISCAL POLICY

Greece – Defies Europe with overwhelming referendum ‘No’ FT / WSJ / R / AP / NYT / B

Greece – Finance Minister Resigns WSJ / FT / R / NYT / pol *

Greece – Mirage of Economic Turnaround Masked New Crisis WSJ *

Greece – Needs €60b in new aid, says IMF FT *

Greece – Banks prepare plan to raid deposits to avert collapse FT / NYT

Greece – Shows ECB’s stress tests were nonsense ft

Greece – Capital controls squeeze a suffocating economy FT *

Greece – Cash Crunch Hits Everyday Life WSJ *


MONETARY POLICY

Fed – Jobs Report Keeps Bank on Track for 2015 Rate Increase wsj

Fed – Slower US bond demand may urge rethink FT *

Fed – When economists and markets diverge FT *


FINANCE

UK – Bankers call for Budget rethink on levy FT / R

UK – The Wider Cost of Banks Behaving Badly WSJ *


REAL ESTATE



LABOR & EDUCATION

US – Jobs Market Continues Its Fitful Recovery WSJ / FT / NYT / IBD *

US – Stands Out on Labor Force Participation Rates wsj / B * *

US – Wage Measures Send Mixed Signals WSJ *

US – Jobs Gains Don’t Ease Spending Strains WSJ *

US – ‘Jobs Numbers Are Weaker Than They Look’ nyt / wsj *

US – Jobless claims adjusted for the labor force cd *

US – Seen That Job Listing for a While? It’s No Coincidence WSJ *


SERVICES



MANUFACTURING

Ship – Surf’s up as cruise vessel orders hit record FT *


TECH



TRADE & TRANSPORTATION

Ship – Cargo Industry Gloomiest Since 2009 as Glut Endures B


COMMODITIES

Copper – China’s low rates sound death knell for carry trade FT / FT / FT / FT

Copper – China’s scrap imports in long-term decline r * *


ENERGY & ENVIRONMENT



HEALTH

Insurance – Aetna to buy Humana for $37b FT / WSJ / NYT *

Insurance – US Companies Seek Big Rate Increases for 2016 NYT

Insurance – In Health Law, a Boon for Diet Clinics NYT


ENDNOTE

Europe’s Most Useful Foreign Languages statista *

Europe’s Second Most Useful Foreign Languages statista *


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