wiar 6-30-17

Mary FanslauWhat I Am Reading

Jun 30 (Friday)

Markets
Global bond market sell-off infects equities (FT)
Global Bond Selloff Deepens Amid Hints at End of Stimulus (W)

Commodities & currencies
Dollar’s Battle Gets Harder With Fed No Longer Only Hawk in Town (B)
Yuan Rides a Roller Coaster in June as China Fights With Market (B)
The Ringgit Is Easily Asia’s Strongest Currency (B)
Goldman’s Commodity Analysts Ask: How Did We Get It So Wrong? (B)

Central banks
Investors jump Draghi’s finely tuned starting gun (FT)
Central Bankers: Twisted Geniuses or Bumbling Ex-Academics? (W)
Communication of monetary policy in unconventional times (ECB)

OECD & IMF
Enabling the Next Production Revolution (OECD)
Global Housing Watch (IMF)

US
U.S. GDP Growth Revised Up to 1.4% in First Quarter (W)
Four Problems Looming Over Historic U.S. Expansion (W)
Illinois Is in Deep Trouble: What Investors Need to Know (W)
These 3 charts explain the economic side effects of the student loan crisis (BI)
Cuomo Declares State of Emergency for NYC’s Troubled Subways (B)
Aging Infrastructure Means More Jams at One of U.S.’s Worst Bottlenecks (W)
Opioid Addiction Diagnoses Up Nearly 500% in Past 7 Years, Study Shows (W)

Europe
Eurozone’s Confidence Hits Post-Crisis High (W)
The French President Is Spending His Summer Fighting Unions (B)

Japan
Japan can help us better understand one of the biggest puzzles facing the US economy (BI)

Emerging
Chinese Regulators Play Whac-A-Mole With Banks (W)
China’s quant traders in retreat after court verdict (FT)
Cash Won’t Be Obsolete in India Anytime Soon (B)
Brazil’s corruption probe reaches the presidency (FT)

US politics
Senators in Health Talks Propose to Keep Tax on Investment Income (W)
Senate Health Bill Could Hit Employer-Sponsored Plans (W)
CBO Says Government Could Run Out of Cash in Early to Mid-October (W)
Trump Administration Predicts Orderly Travel Ban This Time (B)
White House Defends Trump Attacks on MSNBC Host Mika Brzezinski (B)

Geopolitics
U.S. Targets Chinese Bank to Ramp Up Pressure on North Korea (B)
China builds new missile shelters in South China Sea (FT)
White House Says Trump to Meet Putin at G-20 (W)
Trump Accepts Macron’s Invitation to Bastille Day Parade in Paris (W)
Three-quarters of world has little or no confidence in Trump, Pew study finds (Guardian)

Industries & companies
Energy: Trump Vows to Unleash the ‘Vast Energy Wealth’ of the U.S. (B)
Energy: New Problem for Keystone XL: Oil Firms Don’t Want It (W)
FAAMGs: Amazon’s Whole Foods Deal Adds Pressure on Grocery Services to Deliver (W)
FAAMGs: Google’s Main Strategy Is Under Threat From EU (W)
Financials: Bank Stocks Throw a Dividend Party (W)
Financials: Banks Unleash Surprisingly Big Payouts After Fed’s Stress Tests (B)
Industrials: Inside GE’s Decision to Build More Factories Outside the U.S. (W)

Corporate finance
Just Like That, a Bad Year for Buybacks Becomes a Good One (B)
Europe leaps past Asia in global M&A rankings (FT)
Europe’s revival boosts dealmaking (FT)
Frothy IPOs belie uncertain future for HK markets (FT)

Technology
Chip Makers Cashing In on Digital Currencies, for Now (W)
The CEO of an investing startup on the future of finance, millennials, and happiness (BI)

Offbeat
Short Seller Carson Block Fires Back at NYSE’s ‘Un-American’ Jab (B)