Today’s Issue Cluster: Metals
Greece – Euro, Envisioned as Force for Unity, Becomes Weapon
TPP – Potential Impact Weighed in Asia and US
Arctic – A region braces itself for Russia’s next move
China – Jun: CPI up; +1.4% from +1.2% / AFP / X *
China – Jun: PPI down; -4.8% from -4.6% / X *
Germany – May: Trade surplus hits new record; +€22.8b from +€22.3b / AP / AFP
US – Week: Jobless claims rise to highest level since February; +15k to 297k / R / WSJ
China – Beijing’s Efforts Have Failed to Tame Market WSJ / FT / WSJ * * *
China – Beijing’s barrage of support stems rout FT / WSJ / NYT *
China – Who Blew Up Stock Bubble? B / CER *
China – Stock Sale Ban Draws Scorn B / R / WSJ / FT / B / NYT / b *
China – Stock crash sparks fears of contagion to financial system FT / WSJ *
China – Rout Spills Into Debt, Currency Markets WSJ *
China – Equity rescue: The cost of a bigger boat b * *
World – Data point to poorer middle class FT * * * * *
Greece – Fear Grows as Decisive Hour Nears WSJ *
Greece – ‘Countdown to Grexit’ FT / ft * *
Greece – Banks face closures, bailout or not R
Greece – ECB Holds Key to Future WSJ *
Greece – Crisis Sparks Fears of Contagion Among Neighbors WSJ
Greece – Euro, Envisioned as Force for Unity, Becomes Weapon NYT
Greece – German Critics Say Bailout Was Doomed From Start WSJ / *
Greece – Germany’s Power Polarizes Europe WSJ *
Greece – Germany Has a Lot to Lose in a Grexit WSJ *
Fed – Global Tumult Gives Pause on Rates WSJ / FT / NYT / R / B / AP / FT *
Mobiles – Microsoft to Cut 7,800 Jobs on Nokia Woes WSJ *
Mobiles – Smartphone growth to slow this year N / WSJ *
Mobiles – Sharp Wants Deep Price Cuts From Suppliers WSJ *
TPP – Potential Impact Weighed in Asia and US NYT
TPP – Butter On the Table in Trade Talks as Japan Faces Shortage WSJ *
Metals – China’s equity rout sparks meltdown FT / WSJ *
Metals – The Mining Supercycle’s Long Goodbye WSJ *
Iron – Recovery Turns to Rust WSJ / WSJ *
Steel – Demand May Improve on ‘One Belt One Road’ b * * * *
Nickel – ‘Industry Is in a Severe Depression’ b *
Nickel – Knives out despite bullish supply signals r *
Aluminum – Glut Dents Alcoa’s Prospects WSJ / FT / WSJ *
Rare Earths – Fate of miners rests on China smuggling crackdown R
Arctic – A region braces itself for Russia’s next move N *
Arctic – Shell Places Huge Bet on Arctic WSJ *
Peak Road, Hong Kong is Most Expensive Street dv *
