wiar 01-03-18

Mary FanslauWhat I Am Reading

Jan 03 (Wednesday)

Markets
Outlook for U.S. Corporate Earnings Is at a Six-Year High (B)
Retail stocks surge as sub-index hits all-time high (FT)
The Market Could Get Wild in 2018, Blackstone’s Wien Predicts (W)
Chinese stocks start the year with a bang (FT)
Wild Swings in Money-Market Rates Highlight Limits of Regulation (W)

Commodities
Record-Setting Cold Shakes Up America’s Commodities Markets (B)
Oil price climbs to its highest level since 2015 (FT)
Gold Bulls Expect Rally to Continue in 2018 (W)

Currency
US asset investment surge raises dollar worries (FT)
Euro hits 4-month high as Europe misses stocks rally (FT)

Central banks
Draining of QE punchbowl sobers up bond bulls (FT)

US
Why Inflation Stays Low Even Though Unemployment Is Down (B)

Europe
Bankers to burn midnight oil ahead of ‘MiFID’ dawn (R)
Europe’s MiFID II Challenge to U.S. Finance (B)
‘Big Data’ Worries Europe’s Antitrust Regulator (W)

US politics
Utah Republican Hatch to Retire, Opening Up Race for Senate Seat (W)
Moderate Democrats Get a Boost as Jones Joins the Senate (W)
California Poses Problem for Republicans as 2018 Dawns (W)
There Aren’t Enough Vacancies for Trump to Push the Courts to the Right (B)

US tax reform
BP Expects $1.5 Billion Charge Related to U.S. Tax Overhaul (W)

Geopolitics
Seoul Proposes Talks With North Korea, Testing U.S. Isolation Effort (W)

Industries & companies
Autos: Car Sales to Top 90 Million Globally for First Time (W)
FANGs: Amazon says over 5 billion items shipped in 2017 via Prime (R)
Financials: Europe’s bank bosses see need for consolidation (FT)
Financials: The Mastermind Behind Chase’s Sapphire Reserve Card Sets Her Sights on Banking (B)
Financials: Who’s the Most Valuable Online Lender? After This Deal, It’s GreenSky (W)
Financials:  Why Jefferies is surging and snatching back business from Wall Street’s top investment banks (BI)
Financials: Property reinsurance rates rise less than expected (R)
Retail: Outfoxed by Small-Batch Upstarts, Unilever Decides to Imitate Them (W)

Cryptocurrency
Bitcoin spikes after reports Peter Thiel’s fund owns ‘hundreds of millions of dollars’ of the cryptocurrency (BI)
The Criminal Underworld Is Dropping Bitcoin for Another Currency (B)

Offbeat
Who Wins When It’s This Cold: Natural Gas, Boot-Makers, Wheat Futures (W)