6 June 2014



Today’s Issue Cluster: Oil Sands

Bonds – Households pull back more from muni market
US – US threatened $16b BNP penalty
Ship – Markets eye freight trade boost from El Nino threat


MAJOR DATA POINTS

US – May: Employers add jobs, rate steady; +217k from +282k / AP / NYT / WSJ / B / R / FT / r * *


MARKETS

Bonds – US jobs report key to outlook FT * * *

Bonds – Households pull back more from muni market R *


ECONOMICS

Iran – Rogue trader FT * * *

Iran – Says investors spooked by warnings on sanctions violations FT *


POLITICS & FISCAL POLICY



MONETARY POLICY

ECB – Draghi-Yellen Split Spells More Volatility B / FT / WSJ / NYT / FT / FT * *


FINANCE

US – US threatened $16b BNP penalty R *

US – Credit Unions Ramp Up Risk WSJ *

US – The usage of checks has plummeted q *


REAL ESTATE

US – Mortgage Rates Are Falling, So Where Are the Home Buyers? wsj * * * *

US – Why Americans Moved Last Year: Cheaper Housing, Shorter Commutes wsj *


SERVICES

Retail – US: Weather, Discounts Boost May Sales WSJ

Retail – EZ: Sales Rose in April WSJ / eu *

Retail – China: Shopping-Mall Spree Could Prove Costly WSJ *

Retail – Lux: Outlets Sprout in China WSJ *

Retail – Lux: Consumers Languish in Trap WSJ *


MANUFACTURING



TECH

Telecoms – Dealmaker tests regulators with move for T-Mobile FT / WSJ / NYT / B / WSJ / WSJ * * *


TRADE & TRANSPORTATION

Ship – Markets eye freight trade boost from El Nino threat R * *


COMMODITIES

Oranges – Storms Follow Bugs as Florida Crop at 29-Year Low B

Oranges – Juice Pouring Into South Korea WSJ *


ENERGY & ENVIRONMENT

Oil Sands – Canada Aims to Sell Its Oil Beyond US WSJ / R * *

Oil Sands – Canada poised to dilute EU rules FT / G&M / FP

Oil Sands – Total shelves $11b Alberta mine G&M / WSJ

Oil Sands – Labor crunch looms as new projects set to come on stream FP

Oil Sands – Accident Leads to Scrutiny of Production NYT

Oil Sands – The promise of steam-assisted gravity drainage FP *

Oil Sands – Thirst for fresh water is falling FP *


LABOR & EDUCATION



HEALTH



ENDNOTE

Fans: The Heat Have Already Beaten the Spurs, Even in Parts of Texas nyt *


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