Global Macro / Markets / Investing:
- U.S. shale oil output to rise to record 8.52 million barrels per day in July: EIA – Reuters
- Why bitcoin hasn’t gone to zero and is now knocking on the door of $10,000 – MarketWatch
- Asian markets mostly gain ahead of central bank meetings – MarketWatch
Americas:
- Bosses pocket Trump tax windfall as workers see job promises vanish – The Guardian
- KPMG to pay $50 million for using stolen data, exam fraud: SEC – Reuters
- Boeing records zero new plane orders as Paris Air Show starts slow – CNBC
- A key manufacturing gauge just saw its biggest one-month decline in 18 years – CNBC
- Goldman says the costs of Trump’s tariffs have fallen ‘entirely’ on US businesses and households – CNBC
- Fed may cut rates near zero if U.S.-China trade worsens: Morgan Stanley – Reuters
- Morgan Stanley’s Economic Indicator Plunges To Record Low, ‘June Gloom’ Expected – IB Times
- Many large US firms sell, hire and invest more overseas than in US and have to think globally, not domestically, to survive – AEI
- U.S. already in recession, Fed will cut rates back to zero – Bloomberg
Europe:
- Italy’s new ‘Parallel Currency’ could end the Euro – Cassandra Capital
- Germany, France and Spain sign deal on European fighter jet – DW
- Italian electoral reform will reduce total number of parliamentaries from 945 – ecodaipalazzi
- EU to await IAEA report before deciding on any Iran breach – Reuters
- Italy secures EU all-clear to relaunch renewable subsidies – PV Tech
- How Europe Is Handing Off Its ISIS Militants to Ira – Foreign Policy
- Tory leader hopefuls to face second vote – BBC
Asia:
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- Huawei bracing for a 40% to 60% drop in international smartphone shipments – Ars Technica
- Huawei is bracing for the worst – Medium
- Huawei Chief Predicts Sales Will Flatline After Trump Crackdown – NY Times
- China central bank injects funds, second phase of RRR cut takes effect – Reuters
- Huawei Founder Ren Zhengfei: Both Sides Will Suffer From Trade War – Pan Daily
- India Plans “Very Small” Space Station After 2022 – Japan Times
Trans-Tasman:
- Australia quizzed by EU and China on whether it can meet 2030 Paris climate target – The Guardian
- $247 million for chaplains in schools, $2.8 for mental health: What’s wrong with this picture? – The Big Smoke
- Final 2019 election results: education divide explains the Coalition’s upset victory – The Conversation
- There is zero heat in the economy – and hopes for a wages increase are absurdly optimistic – The Guardian
- New Zealand man who shared Christchurch massacre video sentenced to 21 months in jail – ABC
- Australian dollar nears decade-low after Reserve Bank justifies interest rate cut – ABC
- Mortgage arrears rate at highest rate since GFC, says Reserve Bank – The SMH
- Call to arms: how can Australia avoid a slow and painful decline? – The Guardian
- Drought eats into Australia’s agri-accounts as we import grain, deal with 25-year low cattle herds and spiralling water costs – ABC
- We still have time to act on climate change — but records will tumble for next 20 years regardless of emissions: study – ABC
- Australians’ support for nuclear plants rising – but most don’t want to live near one – The Guardian
- AHRC report finds that detention centres are becoming more prison-like – ABC
- Reserve Bank signals further rate cuts are imminent – The SMH
- Government tightening land transfer rules so IRD can catch more property speculators – Interest.co.nz
- Unconventional monetary policy – do we want to go there? – Interest.co.nz
