wiar 5-13-17

Mary FanslauWhat I Am Reading

May 13 (Saturday)

Markets
Move Over U.S., the Stampede Is On for European Equities (B)
U.S. Stocks Fall as Economic Data Disappoints (W)
Money is pouring into one of the world’s biggest stock markets at a record pace (B)
Sorry, Stock Pickers: History Shows You Underperform in Bad Markets, Too (W)
Some of the biggest names on Wall Street all love [India’s] stock market (BI)

Oil
OPEC Should Give Up on Production Cuts (W)
Oil Rally Fizzles as Focus Shifts to Output OPEC Can’t Control (B)
U.S. Shale’s Favorite Financial Trick Is Getting Less Attractive (B)

Central banks
Evans Says Risks to Fed Inflation Outlook Still on Downside (B)

US
Gain in U.S. Retail Sales Suggests Slowdown Was Temporary (B)
The U.S. Economy Is Back on Track (B)
U.S. Consumer Prices Rose Modestly in April (W)
Generation of Renters Now Buying (W)
Don’t Feel That Pay Raise? Blame Inflation (W)

Europe
A Populist Storm Stirs in Italy (W)
Italy struggles to cope with migrant surge (FT)
Germany Says Greece Could Secure Bailout Deal in Late May (W)
Macron’s political renewal pledge hits bump (FT)

China
Yuan Becomes Oasis of Calm in China’s Volatile Markets (W)
China yield curve inverted as regulation toughens (FT)
China’s April loans growth highlights debt challenge (R)
China Regulators Warn Against Large Stock Sales Ahead of Summit (W)
Brazil Cuts Stake in China-Led Infrastructure Bank (W)

US politics
Deputy Attorney General Rosenstein Agrees to Brief Entire Senate (W)
Trump Warns Comey Not to Leak to the Press (W)
Trump hints at releasing ‘tapes’ of talks with Comey (FT)
Trump Lawyers Say Unreleased Tax Returns Show Few Russian Ties (W)

Geopolitics & cybersecurity
U.S. Announces Deal With China to Boost Exports (W)
Beijing Trumpets U.S.-China Trade Plan as Summit Nears (W)
Mnuchin’s G-7 Partners Struggle to Engage Odd Man Out on Trade (B)
Major Cyberattack Sweeps Globe (W)
Hackers use NSA tools in UK health service cyber attack (FT)

Industries & companies
Airlines: Boeing Resumes Some 737 Max Flights Two Days After Grounding (B)
Amazon: Talk About Big-Box Retailing: Amazon Pushes to Sell Furniture (W)
Energy: China Trade Plan Is Big Deal for Natural Gas (W)
Energy: A Single Pipeline’s Taking U.S. Gas on a Rollercoaster Ride (B)
Restaurants: McDonald’s Boosts Its Payout for Franchise Upgrades (W)
Retail: Cratering Department-Store Sales Herald ‘Do-More-With-Less’ Era (B)
Retail: Nordstrom is ‘best-of-breed’ (BI)
Retail: Nordstrom’s same-store sales miss (BI)
Retail: J.C. Penney Is Having a Serious Wardrobe Malfunction (B)

Corporate finance
Anthem Ends Cigna Pursuit, Plans to Seek Damages (W)
SoftBank to Pump $5 Billion Into China’s Didi (W)
Apple Invests $200 Million in Gorilla Glass-Maker Corning (B)

Offbeat
U.S. Revives Policy of Tougher Sentences for Drug Offenders (W)