Trump says Europe is unfairly boosting its economy: NY Times
Asian markets rise on Wed in anticipation of US-China trade deal: MW
Blackstone’s Schwarzman: Trump-Xi meeting unlikely to lead to trade deal: CNBC
Fed considers the case for a rate cut for today’s policy announcement: WSJ
The Fed is becoming politicized: Bloomberg
Firms may leave Hong Kong due to political uncertainty: CNBC
US housing starts fell 4.7% in May for year-over-year comparison:
Recession chatter is heating up again, largely for obvious reasons: several key economic indicators are flashing warning signs. The wobbly numbers have convinced some analysts that economic contraction in the near term is fate. We’ve been here before in recent years, only to discover that the recession warnings were wrong. Is it different this time? Will the economy finally succumb? No one really knows, which leaves us with only one question: How can we make an informed, probability-based estimate of recession risk?
US plans to send more troops to Middle East: Reuters
Trump: ‘millions of illegal aliens’ to be removed starting next week: CBS
China’s US Treasury holdings fell to 2-year low in April: Bloomberg
Hong Kong leader apologizes but refuses to step down: Reuters
German economic expectations plunge in June: FT
Euro falls sharply after ECB chief lays groundwork for more stimulus: CNBC
Facebook leads consortium to launch new digital currency: CNBC
Is prolonging the US economic expansion counterproductive? MW
NY Fed Mfg Index in June falls to lowest level since late-2016: MW
US home builder sentiment eased in June but still points to growth: CNBC
Securitized real estate shares in the US led a partial rally in global markets last week. Real estate investment trusts (REITs) posted a fractionally higher return over the second-best performer: bonds in emerging markets. Overall, returns for the trading week ended Friday, June 14, were mixed for the major asset classes, based on a set of exchange-traded funds.
Hong Kong protests continued on Sunday: CNN
Newly freed activist calls for Hong Kong leader to quit: Reuters
Iran says it will breach terms of nuclear deal in 10 days: WSJ
Trump ready to impose more tariffs on China without a trade deal: CNBC
Fed expected to keep rates unchanged this week: Reuters
Will the Fed consider if it made a mistake? NY Times
Chinese tech giant Huawei: US ban will cost it $30 billion in lost sales: CNN
Consumer sentiment in US eased in June: Bloomberg
US industrial output rebounded in May: WSJ
Business inventories for US rose in April, creating headwinds for growth: CNBC
US retail spending’s 1yr trend slipped to middling +3.2% in May:
By Khalid Ghayur, et al.
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Equity Smart Beta and Factor Investing for Practitioners offers a hands-on guide to the popular investment opportunities of smart beta, which is one of the fastest growing areas within the global equity asset class. This well-balanced book is written in accessible and understandable terms and contains an in-depth manual filled with analytical information and new ideas. The authors—noted experts in the field—include a definition of smart beta investing and detail its history. They also explore the distinguishing characteristics of smart beta strategies, offer an overview of factor investing, and reveal the implementation of smart beta approaches. Comprehensive in scope, the book contains helpful examples of applications, real-life illustrative case studies, and contributions from leading and respected practitioners that explain how they approach smart beta investing.
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Surveying economists for their projections on a variety of economic and financial indicators and aggregating the results has wide appeal, and for good reason. The wisdom of the crowd, such as it is, tends to be more reliable through time compared with any one forecaster. But there are challenges with standard consensus forecasts—challenges that can minimized if not solved with econometric-based applications.
US Secretary of State blames Iran for attacks on tankers: CNN
Iran says it’s not responsible for tanker attacks: Reuters
IEA predicts global oil demand will fall to lowest level in years: CNBC
Trump and Warren: a pair of economic populists: Bloomberg
China’s mfg growth rate slowed to 17-year low in May: Reuters
Gold rises to 14-month high: WSJ
US mfg job growth accelerated in first 2 yrs of Trump admin: EIG
Import prices for US fell in May–biggest decline in five months: Reuters
US jobless claims rose 1.4% last week vs. year-ago level:
The Treasury market continues to downgrade US inflation expectations, which suggests that the case is strengthening for a rate cut by the Federal Reserve.
Beijing will likely prevail in Hong Kong despite protests: NY Times
Smaller protests continue in Hong Kong on Thursday: Reuters
Trump: US will deploy 1,000 troops to Poland: BBC
Oil prices rise after tanker attack in Gulf of Oman: Bloomberg
Europe’s industrial output fell again in April: Reuters
Business inflation expectations hold at 2.0% in 6th Fed district: Atlanta Fed
US core consumer inflation ticks down to 2.0% annual pace in May:
