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{"id":46856,"date":"2014-06-30T23:26:23","date_gmt":"2014-07-01T03:26:23","guid":{"rendered":"http:\/\/bznwz.com\/?p=46856"},"modified":"2014-07-01T11:22:42","modified_gmt":"2014-07-01T15:22:42","slug":"1-july-2014","status":"publish","type":"post","link":"https:\/\/bznwz.com\/1-july-2014","title":{"rendered":"1 July 2014"},"content":{"rendered":"


<\/code><\/p>\n


\n

Today\u2019s Issue Cluster: Metals<\/p>\n

China \u2013 World bank profits hit $920b as Chinese lenders boom
\nTransit \u2013 Canada manufacturers cry foul over Buy American bill
\nShip \u2013 As Panama Canal Expands, West Coast Ports Scramble
\n
<\/code><\/p>\n


\n

MAJOR DATA POINTS<\/b><\/a><\/p>\n

China – Jun: HSBC PMI shows first expansion in six months; 50.7 from 49.4 \/ R<\/a> \/ WSJ<\/a> *<\/a><\/p>\n

China – Jun: Official PMI Rises to Six-Month High; 51.0 from 50.8 \/ B<\/a> *<\/a><\/p>\n

Japan – Jun: Tankan Corporate Sentiment Worsens after Tax Rise; +12 from +17 \/ WSJ<\/a> *<\/a><\/p>\n

EZ – May: Jobless Rate Unchanged as Crisis Legacy Lingers; 11.6% \/ AP<\/a> \/ B<\/a> \/ NYT<\/a> *<\/a><\/p>\n

EZ – Jun: Markit manufacturing PMI eases, France slowdown weighs; 51.8 from 52.2 \/ R<\/a> \/ B<\/a> \/ WSJ<\/a> *<\/a> *<\/a><\/p>\n

US – Jun: ISM manufacturing sector growth dips slightly; 55.3 from 55.4 \/ WSJ<\/a> \/ R<\/a> *<\/a><\/p>\n

US – Jun: Markit manufacturing expands at fastest rate in over four years; 57.3 \/ R<\/a> *<\/a> *<\/a><\/p>\n

US – May: Construction spending barely rises; +0.1% from +0.8% \/ R<\/a> \/ AP<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

MARKETS<\/b><\/a><\/p>\n

Bonds – High water for eurozone rally as yields near US levels FT<\/a> *<\/a> *<\/a> *<\/a><\/p>\n

Bonds – Spreading Unease in Corporate Markets WSJ<\/a> *<\/a><\/p>\n

Bonds – Securitisations backed by delinquent US mortgages bounce back FT<\/a><\/p>\n

Bonds – US Investors Flock to SK WSJ<\/a> *<\/a> *<\/a><\/p>\n

Bonds – Russian issuance sparks optimism FT<\/a><\/p>\n

Bonds – Municipal index performance \/ *<\/a>
\n
<\/code><\/p>\n


\n

ECONOMICS<\/b><\/a><\/p>\n

World – Capital expenditure by companies still stalling FT<\/a> *<\/a> *<\/a><\/p>\n

US – Businesses Spend Money\u2013but Not Yet on Capital Projects wsj<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

POLITICS & FISCAL POLICY<\/b><\/a><\/p>\n

Iraq – New Parliament to Convene and Start Choosing Key Leaders WSJ<\/a> *<\/a><\/p>\n

Iraq – Iran-Saudi proxy war heats up as Isis entrenches FT<\/a> \/ S<\/a> *<\/a><\/p>\n

Iraq – Rebels Extend Reach E<\/a> *<\/a><\/p>\n

Iraq – Areas currently controlled by ISIS \/ afp<\/a> *<\/a><\/p>\n

Iraq – Syria Borders \/ *<\/a><\/p>\n

Iraq – Turkey ready to accept Kurdish state in historic shift FT<\/a> \/ FT<\/a> \/ NG<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

MONETARY POLICY<\/b><\/a><\/p>\n


<\/code><\/p>\n


\n

FINANCE<\/b><\/a><\/p>\n

China – Regulator to Ease Rules on Banks’ Loan-to-Deposit Ratio WSJ<\/a> \/ b<\/a> *<\/a><\/p>\n

China – World bank profits hit $920b as Chinese lenders boom R<\/a> \/ q<\/a> *<\/a><\/p>\n

China – Banks’ profit growth to slow, risks rising R<\/a><\/p>\n

China – The world’s top banks are changing their strips e<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

REAL ESTATE<\/b><\/a><\/p>\n

France – Mortgage lending slumps in May despite low rates R<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

SERVICES<\/b><\/a><\/p>\n

Taxis – US medallions have been a good investment for years q<\/a> *<\/a> *<\/a><\/p>\n

Taxis – Green Cabs Gaining Ground in NYC WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

MANUFACTURING<\/b><\/a><\/p>\n

Transit – Canada manufacturers cry foul over Buy American bill G&M<\/a> \/ CP<\/a>
\n
<\/code><\/p>\n


\n

TECH<\/b><\/a><\/p>\n

Telecoms – Fragmented industry undermines Europe\u2019s single-market dream FT<\/a> *<\/a> *<\/a> *<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

TRADE & TRANSPORTATION<\/b><\/a><\/p>\n

Ship – As Panama Canal Expands, West Coast Ports Scramble NYT<\/a><\/p>\n

Ship – West Coast Ports Set to Keep Humming WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

COMMODITIES<\/b><\/a><\/p>\n

Metals – Iron: Investors Fret Over Flood of Ore WSJ<\/a> \/ FT<\/a> \/ N<\/a> \/ X<\/a> *<\/a> *<\/a><\/p>\n

Metals – Iron: The Great Glut of China N<\/a> *<\/a><\/p>\n

Metals – Iron: ‘China’s zombie industries menace global markets’ N<\/a> *<\/a><\/p>\n

Metals – Aluminum: Japan premiums mostly set at record high R<\/a> *<\/a><\/p>\n

Metals – Aluminum: Steer Clear of China Crush WSJ<\/a> *<\/a><\/p>\n

Metals – Palladium: Supply uncertainty keeps prices at near record levels N<\/a> *<\/a> *<\/a><\/p>\n

Metals – Gold: Geopolitical Unease Lifts Price, but for How Long? WSJ<\/a> *<\/a><\/p>\n

Metals – Gold: Singapore seizes on soaring Asia demand FT<\/a> *<\/a><\/p>\n

Metals – Copper: Prices Seen Marching Higher WSJ<\/a> \/ WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

ENERGY & ENVIRONMENT<\/b><\/a><\/p>\n

Shale – US: PA Fracking study finds new gas wells leak more AP<\/a><\/p>\n

Shale – US: ND’s Latest Fracking Problem WSJ<\/a><\/p>\n

Shale – US: NY Communities Can Ban Fracking, Court Rules WSJ<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

LABOR & EDUCATION<\/b><\/a><\/p>\n


<\/code><\/p>\n


\n

HEALTH<\/b><\/a><\/p>\n

Ebola – Crisis spreads R<\/a> \/ r<\/a> *<\/a>
\n
<\/code><\/p>\n


\n

ENDNOTE<\/b><\/a><\/p>\n

When to Expect the \u201cWarmest Day of the Year\u201d in US NOAA<\/a> *<\/a>
\n
<\/code><\/p>\n


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