8 June 2015



Today’s Issue Cluster: US Labor & Monetary Policy

Turkey – Election rebuff to Erdogan takes toll on lira and shares
Mobile Payments – Top retailers remain skeptical of Apple Pay
Mers – SK to track cellphones to prevent spread


MAJOR DATA POINTS

Japan – Q1: Economy gains speed; +3.9% was +2.4% / AP / FT / b *

China – May: Exports shrink amid slowing demand; -2.5% from -6.4% / FT / WSJ / b *

Germany – Apr: Industrial Output Beats Forecasts; +0.9% / WSJ / AP


MARKETS



ECONOMICS



POLITICS & FISCAL POLICY

Turkey – Sinks Leader’s Bid to Cement Power WSJ / FT / NYT / R *

Turkey – Erdogan’s Future Hangs in Balance in Election WSJ * *

Turkey – Election rebuff to Erdogan takes toll on lira and shares FT / WSJ / R * *


MONETARY POLICY

Fed – Seen raising rates in October WSJ / R / WSJ / R / wsj / WSJ *

Fed – Doves may be growing, possibly pushing hike to 2016 R

Fed – Sees moderate economic growth this spring AP / WSJ / FT / R / B

Fed – Inflation Misses 2% Target for 36th Month wsj / B *

Fed – Dollar’s Strength Complicates Rate-Hike Calculus WSJ *

Fed – Brainard: global troubles may delay rate hike R *

Fed – Technology, inflation and the Federal Reserve ft *

Fed – Are Bank Watchers Watching the Wrong People? cfr *


FINANCE

Mobile Payments – Google won’t earn transaction fees WSJ

Mobile Payments – Top retailers remain skeptical of Apple Pay R


REAL ESTATE



LABOR & EDUCATION

US – Beats expectations with 280k jobs in May FT / NYT / R / wsj * * * *

US – Workers Ask: Where’s My Raise? WSJ *

US – Class of 2015 Is Summa Cum Lucky in the Job Market WSJ / wsj * * *

US – Minimum wage vs. prices in major cities / r *

US – ‘The future’s Asian’ E *


SERVICES



MANUFACTURING



TECH

Telecoms – Vodafone confirms talks with Liberty Global FT

Telecoms – Are Americans Ready to Pay for ‘Quad Play’? WSJ *


TRADE & TRANSPORTATION



COMMODITIES



ENERGY & ENVIRONMENT

Oil – Opec to Maintain Current Output WSJ / FT / B / B *

Oil – Supplies Are Rising From All Sides B

Oil – Battle for market share takes time and a toll WSJ *

Oil – Opec’s falling market share / b *

Oil – Planned US energy sector layoffs and prices r *


HEALTH

Mers – SK Reports Fifth Death WSJ / AP / NYT / WaPo *

Mers – SK to track cellphones to prevent spread R *


ENDNOTE

Largest ancestries in the United States and Canada da *


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