econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 01 October 2015

Early Headlines: Japan Recession, Japan Bubble, China Mfg Still Contracting, EU Deflation, Afghan Army Recaptures City And More

Written by

Early Bird Headlines 01 October 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

Global

  • Asia update: Markets up after upbeat China factory data (The Business Times) A slight improvement in an official gauge of Chinese factory activity gave a boost to investor confidence Thursday, rallying Asian equities and emerging market currencies for a second straight day. However, a dip in Japanese business confidence highlighted the struggle ahead for the country's leaders in kickstarting the economy in the face of a growth slowdown in China and an expected US interest rate rise. The gains come after global stock markets suffered their worst quarter since 2011, with trillions wiped of valuations since China devalued its yuan currency in August, sparking fears about the worldwide impact of China's struggles.

  • Foreigners pull record US$5 billion as Southeast Asia stocks sink (The Business Times) Foreign investors are selling Southeast Asian stocks at the fastest pace on record as the region's economic outlook worsens and the US gets closer to raising interest rates. Overseas funds unloaded a net US$5.1 billion of Indonesian, Thai and Philippine shares in the third quarter as the MSCI Southeast Asia sank 21 per cent. The combined outflows are poised to be the largest since Bloomberg began collecting the data in 1999.

U.S.

EU

  • Crude oil falters on European deflation (UPI) Eurostat, the statistics office for the European Union, said regional annual inflation of -0.1% for September was a contraction from the 0.1% reported the previous month. The seasonally-adjusted unemployment rate for the 19 countries that use the euro was 11%. This was seen as a significant factor in a decline of nearly 3% for oil.

UK

Germany

Afghanistan

India

Japan

  • Japan on brink of technical recession (Financial Times) Japan is on the verge of a technical recession after data on industrial production raised the prospect of a second consecutive quarter of negative growth. Industrial production for August - a crucial input into gross domestic product - unexpectedly fell by 0.5% on the previous month after a 0.6%t fall in July. The figures suggest the shock from China's economic slowdown, combined with sluggish consumption at home, is in danger of overwhelming the stimulus known as Abenomics.

  • Japan must not repeat 1980s 'bubble' era fiscal expansion: Finance Ministry (The Economic Times) Japan's finance ministry on Wednesday called for policymakers to avoid repeating the mistake made during the 1980s "bubble" era, when expansionary fiscal policy led to a snowballing of public debt in the following two so-called lost decades. Econintersect: This is utterly incompetent nonsense. Avoid a bubble when the country is in a deflationary trap?

China

  • A tale of two China PMIs: Manufacturing still in contraction mode (CNBC) The government's official gauge of factory activity improved with the manufacturing PMI (Purchasing Managers' Index) rising to 49.8, up from August's three-year low of 49.7 but still marking two straight months of decline. Meanwhile, a private survey by Caixin/Markit revealed PMI fell to a fresh six-and-a-half year low of 47.2, ticking down from August's reading of 47.3 but still better than an earlier flash estimate of 47. A reading below 50 indicates activity is shrinking on a monthly basis, while one above indicates expansion. Both Services PMI showed expansion, although the Caixin/Markit number dipped slightly lower to 50.5, a 14-month low.

  • China's economy unlikely to have hard landing: WEF report (Xinhuanet News) A hard landing of the Chinese economy seems unlikely, although recent developments have cast some doubt on China's economic prospects, according to the Global Competitiveness Report 2015-2016 released by the World Economic Forum (WEF) on Wednesday.

  • Corruption and Pollution Top China's Worry List, Poll Finds (Bloomberg) The Chinese public sees corrupt officials, pollution and rising inequality as their country's top three problems and remains divided about how quickly those issues will improve over the next five years, according to a poll released Thursday. About 84% of 3,649 Chinese adults ranked corrupt officials as their biggest worry, while only about 20% cited corrupt businesspeople, education, unemployment, traffic and working conditions as very big problems, according to the Pew Research Center poll.

china.problems.pew

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Is Free Trade Harming the Economy?
Bank of England Endorses Post-Keynesian Endogenous Money Theory
News Blog
Early Headlines: Asia Stocks Mixed, Oil Mixed, Dollar Up, Gold Down, Microsoft Growth, US Cities' Homicides Up, Battery Age, Higher-Priced Carbon, Sweden Crime Data, Russia Passes Saudi Arabia And More
February 20, 2017 Weather and Climate Report - Transition to Spring can be Cruel
More Buck For The Chuck
More About What's Going On In Retail
Your Dog Has A Better Memory Than A Chimpanzee
Where Shadow Economies Are Well Established
What We Read Today 20 February 2017
Successful SpaceX Launch &amp; Landing Of Falcon 9 + Dragon CRS-10 Mission To The ISS (2017-02-19)
Investor Bulletin: Savings And Investing Basics For Military Personnel
Does Growing Mismeasurement Explain Disappointing Growth?
Why Does Economic Growth Keep Slowing Down?
Houses As ATMs No Longer - Part Three Of Five
Infographic Of The Day: What It's Like To Live On Minimum Wage
Investing Blog
Market And Sector Analysis 19 February 2017
Dollar Looks To Head Higher
Opinion Blog
Fascism Defined And Described By Oswald Mosley
Charity Is Not How We Solve Poverty
Precious Metals Blog
Deflation And Gold: A Contrarian View
Live Markets
20Feb2017 Pre-Market Commentary: US Markets Closed Today In Observance Of The Presidents Day Holiday, US Dollar Slips, European Stocks Rise
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved