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 02 December 2015

Early Headlines: Asia Stocks Uncertain, Climate Deal Breaker, Bottom For Oil, Salton Sea Gone, U.S. Support For ISIS, UK GDP Grows, India Flooding And More

Written by Econintersect

Early Bird Headlines 02 December 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 stocks wary, dollar knocked after weak U.S. data (Reuters) Asian stock markets wavered on Wednesday after downbeat U.S. manufacturing data raised questions about how aggressive the Federal Reserve would be when hiking interest rates, while the dollar retreated from 8-1/2-month highs. Still, spreadbetters forecast Britain's FTSE .FTSE, Germany's DAX .GDAXI and France's CAC .FCHI would open slightly higher following gains on Wall Street overnight driven by health and consumer shares.

  • Climate deal needed if Bill's billions are to help poor nations (Reuters) Campaigners and experts warned that it will be hard to deploy any new technologies quickly in places where they are needed most unless negotiators at the two-week U.N. talks can work out a deal on how rich countries will help finance this.

  • This is when oil will hit rock bottom: CNBC Survey (CNBC) OPEC is not expected to take any action this week to prop up oil prices, which have yet to hit rock bottom, according to a new CNBC Oil Survey. Oil is expected to reach new lows in the first half of next year, according to 46% of the analysts and traders surveyed by CNBC. Twenty-nine percent say the bottom could come even sooner, some time this month. Twenty-one percent believe oil has already touched its lows. Some 70% do not believe West Texas Intermediate crude will rise above $50 a barrel again before the end of this year, and 58% of the survey participants expect it to end the year between $40 and $50 per barrel. Brent, the international benchmark, is expected to end the year between $40 and $50 per barrel, according to 67%. The survey was conducted between Nov. 20 and Monday.

  • New SDR (E-mail from Daily Reckoning, no URL) The U.S. dollar is almost unchanged in share of the IMF (International Monetary Fund) SDR (special drawing rights) with the addition of the yuan renminbi . The pound sterling loses 28% of current share, the euro loses 17% and the yen 11%.

sdr.new

U.S.

EU

real.gdp.us.uk.eu

UK

  • Bank signals end of the crisis era (City A.M.) Will this headline become as (in)famous as Irving Fisher's pronouncemnt that "stocks have reached a permanent high"?

  • UK GDP is up - but not by much (City A.M.) The UK's GDP is still growing - but 2015 is shaping up to be weaker than 2014, according to figures published by the Office for National Statistics Tuesday morning. The economy grew by 0.5% in the third quarter of the year, unrevised from the first estimate, with private spending and investment "robust". It is the 10th consecutive quarter of growth, with an average annualized rate of 2.5%. It marks a drop-off from the second quarter, when GDP grew 0.7% and is lower than the three-year average, which stands at 0.6%.

India

  • India's Chennai hit by fresh rain and deadly flooding (BBC News) Fresh rains in the southern Indian city of Chennai have caused serious flooding, with flights and trains suspended and hundreds of people without power. The army has been deployed to rescue thousands of stranded people after two days of heavy rains. At least 188 people are now known to have died in floods in Tamil Nadu state since last month. A depression in the Bay of Bengal has triggered rains in coastal areas. Last month, non-stop rain for nearly a week brought the city to a standstill and massive flooding has ressumed with the new rains.

Brazil

  • Brazil recession deepens, worst annual drop on record (Reuters) Brazil's economy shrank 1.7% in the third quarter, deepening its sharpest recession in 25 years and stoking opposition to President Dilma Rousseff as she struggles to close a growing fiscal deficit and contain a vast corruption scandal. On an annual basis, Brazil's $1.5 trillion economy dropped 4.5% in the third quarter, the steepest decline since the current data series began in 1996.

Puerto Rico

  • Puerto Rico takes dramatic step to avoid default (CNBC) Facing a major debt deadline, Puerto Rico on Tuesday scrambled to free up $355 million to stave off a default. In addition, the governor announced an unprecedented plan that would take money from one group of bondholders to pay another. "Starting today, the commonwealth of Puerto Rico will have to claw back revenues pledged to certain bonds issued in order to maintain essential public services," Gov. Alejandro Garcia Padilla said at a Senate Judiciary Committee hearing. "We have taken this difficult step in the hope that Congress will act soon." The clawback refers to using revenues supporting certain commonwealth tax-supported bonds issued by the U.S. territory, including the Puerto Rico Sales Tax Financing Corporation (COFINA), and the Highway and Transportation Authority (HTA), to pay for debt backed by Puerto Rico's Constitution.

>>>>> 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
Minsky’s Theory of Asset Prices: Why Minsky Was NOT a Neo-Monetarist
Many (But Not All) Dynamics Improving But Federal Tax Receipts Are Down
News Blog
Infographic Of The Day: Why Pets Make Us Happy
Early Headlines: Asia Stocks Mixed, Oil Up, Dollar Down, Obama Issued Fewer Exec. Orders, German Inflation 1.7 Pct, Pound Rally Temporary?, China Prop. Investment Stabilized And More
Democracy - 'End of History', Really?
Preview Of Dirk Ehnts' New Book
Britons Are Very Pessimistic About The EU's Future
Sherlock Holmes And The Strange Case Of Anti-intellectualism
Average Gasoline Prices for Week Ending 16 January 2017 Fell Almost 3 cents
What We Read Today 17 January 2017
Massive Alligator Shocks Tourists As He Nonchalantly Strolls By On Walking Path
January 2017 Empire State Manufacturing Index Declined But Remains In Expansion.
After A Lackluster Outturn In 2016, Economic Activity Is Projected To Pick Up Pace In 2017 And 2018
Invading China, One Trade Dispute At A Time
Credit Market Arbitrage And Regulatory Leverage
Investing Blog
Investing.com Technical Summary 17 January 2017
Apple Takes The Wireless Headphone Market By Storm
Opinion Blog
Trump's 'Great Gambit'
More Proof The MMT's "Jobs Guarantee" Can't Work
Precious Metals Blog
Gold's 2016 Gain Indicates A 19% Surge In 2017
Live Markets
17Jan2017 Market Close: Wall Street Closes Lower As Trump Rally Looses Steam, Gold Gains, US Dollar Slips And Crude Prices Can't Hold On To Higher Numbers
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