Morning Journal--Where the Kurds fit into the Iraqi mosaic

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FactSet Research Systems EPS in-line, beats on revenue

·         FactSet Research Systems (FDS): FQ3 EPS of $1.25 in-line.

·         Revenue of $231.8M (+8.0% Y/Y) beats by $1.14M.

Economics

   This Week’s Data

            May industrial production rose 0.6% versus expectations of up 0.5%.

            http://www.capitalspectator.com/industrial-production-rebounds-in-may/#more-3702

                May housing starts fell 6.6% versus estimates of down 3.3%.

            May CPI rose 0.4% versus forecasts of up 0.2%; ex food and energy, it was up 0.3% versus consensus of up 0.2%.

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Politics

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            Where the Kurds fit into the Iraqi mosaic (medium):

            http://www.minyanville.com/business-news/politics-and-regulation/articles/iraq-crisis-What-to-Do-in/6/16/2014/id/55301