- (Telegraph) Germany's largest industrial union secures biggest pay rise for members in two decades in what is seen as a major breakthrough in dealing with the euro zone’s chronic imbalances.
- At least 20,000 demonstrators marched through Frankfurt on Saturday in a peaceful protest against austerity measures.
- Obama pressed Europe to shift toward a more pro-growth policy and away from austerity to tackle a crisis that threatens to push Greece out of the euro zone and send economic shockwaves worldwide.
- Half of world platinum producers are facing losses at the current price.
- Brazil’s wealthy are set to double in the next 11 years.
- China, the world's second-largest economy, which produces more carbon dioxide emissions than any other country, plans to start seven pilot trading schemes.
- (FT) Concerns over the past few weeks about limited rainfall in southern Russia push US benchmark prices for the grain to an eight-month high.
- WXRISK.COM SUMMER FORECAST UPDATE- new CFS plots show El Nino develops LATE- SEPT /OCT so current pattern /trends may last into ALL of JULY- early AUG.
- WXRISK.COM SUMMER FORECAST#2 -- NEW CFS model plots for JUNE & JULY look MUCH Hotter & MUCH drier for Plains/ Midwest. Huge change from late APRIL
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