wiar 6-01-17

Mary FanslauWhat I Am Reading

Jun 01 (Thursday)

Markets
Stocks Slide but Remain on Track for Monthly Gains (W)
Markets Need a 30% Stock Drop or 50% Higher U.S. Yields. Or Not. (B)
Emerging Stocks Face New Era as MSCI Ponders $9 Trillion Markets (B)
Why Investors Are Running Away From the Fastest-Growing G-7 Economy [Canada] (B)
Pimco to Investors: Stop Relaxing! Use Rallies to Accumulate Cash (B)
The hidden dangers of passive investing (FT)
SOC GEN: A failure of Trump’s tax cuts is the biggest ‘black swan’ risk in global markets (BI)

Commodities & currencies
Oil report card for OPEC and non-OPEC nations (BI)
China Teaches Yuan Bears Tough Lesson as Currency Surges Anew (B)
China’s Yuan Surges Offshore, With an Apparent Boost From Beijing (W)

Central banks
The Federal Reserve’s conundrum: stubbornly low inflation (FT)
A New Way to Control Inflation, From San Francisco Fed President (B)
Pressure to cut QE eases as eurozone inflation falls below target (FT)

US
Fed Survey Shows Modest Growth With Tight Labor and Tame Prices (B)
Wage Growth Isn’t So Sluggish After All (B)
The U.S. Has Forgotten How to Do Infrastructure (B)

Europe
Eurozone Inflation Rate Falls Sharply Despite Drop in Jobless Rate (W)
A Decade After the Crisis, Ireland’s Easy Sell (B)
Portugal, From Europe’s Periphery, Emerges as Bond Market Star (W)

China
The early indications suggest China’s economy performed well in May (BI)

Industries & companies
Energy: Exxon investors defy board on climate reporting (FT)
Energy: Solar Stocks Fall on Reports That U.S. May Exit Paris Agreement (B)
Financials: JPMorgan, BofA Trading Revenue on Pace to Drop at Least 10% (B)
Financials: Fed fines Deutsche Bank for anti-money laundering failures (BI)
Health Care: Outcome Health Raising $600 Million to Digitize the Doctor’s Office (W)
Media: Welcome to the Messy Future of TV and Communications (B)
Pharma: Ohio Sues Five Drug Firms, Saying They Fueled Opioid Crisis (W)
Retail: Michael Kors earnings Q4 2017 (BI)
Tech: Meeker sees US-Asian rivalry driving internet’s next chapter (FT)
Tech: Mary Meeker 2017 internet trends presentation (BI)
Tech: Qualcomm’s Car-Chip Target Should Let Shareholders Steer (B)
Tech: Alphabet Driverless Ambitions Looked Stalled. Then It Sued Uber (B)
Telecom: Owner of T-Mobile US thinks the M&A market ‘looks good’ under Trump (BI)

Geopolitics & terrorism
U.S. Tests Missile-Defense System Amid North Korea Tensions (W)
Trump Leans Toward Unwinding Climate Commitment (W)
EU and China strengthen climate ties to counter US retreat (FT)
Mike Flynn’s Pro-Turkey Work: An Unfinished Documentary to Boost Country’s Image (W)
Russia lifts most sanctions imposed on Turkey after downing of jet (FT)
Wilbur Ross and the sugar barons: How a Mexican trade deal got sticky (FT)
At Least 80 Killed in Blast Near Embassies in Afghan Capital (W)

Offbeat
NASA Wants to Fly Into the Sun (B)
Top to Bottom: Pay for 500 CEOs (W)