Today’s Issue Cluster: China
Currencies – Skirmishes become pitched battles
Commodities – Yuan globalization shifts commodities trading
Oil – Approaches bear market
Canada – May: Trade deficit 2nd highest ever; -$3.3b / CBC / B
US – May: Trade Gap Increases Modestly; +2.9% to -$42b / WSJ / R / AP / cr *
US – May: JOLTS Jobs Openings increased; 5.36m from 5.33m / cr *
Currencies – Skirmishes become pitched battles FT
Currencies – Bet on Aussie offers respite from Greece FT *
Currencies – Aussie and kiwi hit by China fears FT
Currencies – Mexico’s Peso Is Stung by Bets on US Rates WSJ *
Currencies – Korea’s wonky won defies convention FT * *
China – Stocks fall in defiance of Beijing’s support efforts FT / WSJ / R / NYT / B
China – Blue-chips get Beijing boost FT / ft *
China – Slump Spreads as Alibaba Sinks B
China – Companies accelerate US corporate exodus FT *
China – Market turbulence tests Xi’s reform agenda FT / FT / WSJ
PBOC – Will China join the zero interest rate club? FT *
China – Slump in equities heralds surge in bad debt FT / NYT * * *
China – Bank Listing Gives Glimpse of Rising Bad Debt WSJ *
China – Bad loans pile up at small, unlisted banks E *
China – Zeroing in on empty homes, Beijing throws developers a lifeline R
China – Green shoots in flagging property market FT *
China – Hunger for Robots Marks Significant Shift WSJ *
Gaming – Macau Gambling Revenue Falls for 13th Straight Month WSJ
Gaming – Macau casino shares rally after China reverses visa policy FT
Gaming – Macau Builds, but Gamblers Don’t Come WSJ *
Commodities – Yuan globalization shifts commodities trading b * *
Commodities – Fall saves China’s blushes FT *
Commodities – China: Cornering the markets E *
Commodities – Markets diverge as supply and demand come to the fore FT *
Commodities – Get Ready to Weather the Price of El Niño WSJ *
Oil – Approaches bear market FT / WSJ * * *
Oil – Headed for bear market after biggest drop in five months FT / WSJ *
Oil – Market throws cold water on US export ban push FT * *
Oil – Iran Wants to Double Exports WSJ / B *
Oil – Stocks Hit Two-Year High in Europe Hub WSJ * *
Oil – Oversupply Meets Rising Demand in Quietest Market Since 2013 B *
Day & night populations: NY, Chicago, SF time * * *
