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 16 February 2016

Early Headlines: Asia, Europe Stocks And Oil Up, Gold Down, End Of EU?, UK Nation Of Renters, Austerity And Growth, Record China Loans And More

Written by Econintersect

Early Bird Headlines 16 February 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

  • Asian shares extend gains as investor fears ease (Reuters) Asian shares extended gains on Tuesday as a combination of stabilizing Chinese markets, rebounding oil prices and solid U.S. consumption data prompted investors to look for bargains after last week's rout. MSCI's broadest index of Asia-Pacific shares outside Japan gained 1.1%, with mainland China shares advancing 2.7% to three-week highs, helped by a surge in China's bank lending to a record high. Japan's Nikkei .N225 rose 0.2% after a 7.2% climb on Monday, recovering a sizable part of its 11% slump last week - its biggest since 2008. European shares were also expected to build on Monday's strong start, with spreadbetters seeing both Germany's and France's .FCHI rising up to 0.7% and Britain's FTSE .FTSE 0.4%.

  • Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call (Bloomberg) Goldman Sachs Group Inc. says it's time to bet against gold as bullion's rally to the highest level in a year isn't justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents' Day. Prices tumbled. Gold will slump back to $1,100 an ounce in three months and $1,000 an ounce in 12 months, analysts including Jeffrey Currie and Max Layton wrote in the report that was dated Feb. 15 and received on Tuesday.

  • Live: Oil gains as Russia to meet OPEC members (CNBC) Rumors of a Saudi - Russian meeting are hot right know with Russia's oil minister Alexander Valentinovich Novak now in Doha, according to Reuters.

U.S.

  • Texas judge disclosed details about Scalia's health (Associated Press) Presidio County Judge Cinderela Guevara told The Associated Press on Monday she spoke with Scalia's doctor on the day he was found dead in his room at a remote Texas ranch. She said the doctor told her that Scalia had a history of heart trouble, high blood pressure and was considered too weak to undergo surgery for a recent shoulder injury. Those details are seemingly at odds with recollections of friends who described Scalia as his usual, happy self during the days leading up to his death. News that the 79-year-old justice was in declining health may come as a surprise to the public, but unlike presidents, the high court's members don't provide regular health disclosures.

EU

  • The Never-Ending Story: Europe's Banks Face a Frightening Future (Bloomberg) Since the fall of Lehman Brothers in September 2008, eight of Europe's biggest banks have announced layoffs adding up to about 100,000 employees, paid $63 billion in legal penalties, and lost $420 billion in market value. In 2015, Deutsche Bank lost a record €6.8 billion ($7.6 billion). In mid-February the industry suffered an epic selloff as subzero interest rates, China's slowdown, the oil crash, and looming regulatory and litigation costs triggered an outbreak of fear not seen since the fall of 2008. Just last year new CEOs took over at Barclays, Credit Suisse, Deutsche Bank, and Standard Chartered. Now they have to find a way to prosper in a marketplace that's being reshaped simultaneously by strict new capital regulations and myriad financial technology startups that don't have to abide by them.

  • Yanis Varoufakis: Are we experiencing the beginning of the end of the EU? (Yanis Varoufakis, Quora) A struggling banking system and the breakdown of free movement thoughout the EU (Schengen) are just two examples of the disintegration of European Union. Varoufakis feels the only salvation will be the implementation of a democratic gevernance to replace the current "authoritarianism and brute political will".

UK

  • Shortage of homes means two thirds of Londoners will be renting by 2025, says PwC (City A.M.) London is on its way to becoming a city of renters, ending a century-long trend towards homeownership, new research reveals this morning. Over 60% of Londoners will be renting by 2025, up from 54% today, financial services giant PwC said. Only 41% of Londoners had to rent in 2000. Price rises for homes has far outpaced incomes. Asking prices for London homes rose by 10.5% in January compared with the same month last year.

"High prices are making homes in the capital unaffordable to most and could undo a century long trend towards rising home ownership rates - in just 25 years the city has been transformed to one where rental is becoming the norm - especially for younger people."

Greece

"Terribly, heartbreakingly badly."

austerity.growth.eu.600x450

austerity.growth.eu.600x450.annotate

Syria

  • Deadly airstrikes destroy three hospitals, school in Syria (Al Jazeera) Attacks, blamed on Russian jets, leaves tens of thousands without access to medical services in war-torn Idlib province. At least 23 civilians were killed when missiles hit three hospitals and a school in rebel-held Syrian towns on Monday, residents said, as Russian-backed Syrian troops intensified their push toward the rebel stronghold of Aleppo. Fourteen people were killed in the town of Azaz near the Turkish border when missiles slammed into a school sheltering families fleeing the offensive and the children's hospital

Russia

  • Trader Boast of 700% Gain Vouches for Ruble Rodeo Kremlin Hates (Bloomberg) Since the ruble was unshackled from a managed corridor in November 2014, it has become the world's most volatile currency after Argentina's peso as speculators seize on the selloff in oil, Russia's biggest export. Price swings underscore the trouble central banks have controlling their currencies in the months following China's shock devaluation of the yuan in August. A gauge of currency volatility climbed to the highest in four years last week.

ruble.volatility.2016.feb

China

  • China's Stocks Rally Most This Month as New Lending Hits Record (Bloomberg) China's stocks rose the most in two weeks, led by technology and industrial companies, after data showed the nation's banks doled out a record amount of loans in January. The Shanghai Composite Index climbed 3% to 2,829.10 at 1:06 p.m., paring its decline this year to 20 percent. PetroChina Co. advanced 2%. New yuan lending jumped to 2.51 trillion yuan ($390 billion) last month, beating analyst estimates. Hong Kong's Hang Seng China Enterprises Index extended Monday's advance. The yuan weakened after having its biggest gain in more than a decade.

South Korea

  • S.Korea president takes tough stand on N.Korea (Al Jazeera) South Korean President Park Geun-hye pledged on Tuesday further "strong" measures against North Korea, after suspending operations at a jointly run industrial park as punishment for the North's recent long-range rocket launch and nuclear test. North Korea's recent actions, and threats to conduct more "extreme acts of provocation," demonstrate that it has no interest in peace, Park said in a speech to parliament.

North Korea

"From now, the government will take powerful and practical measures to make North Korea's regime come to the painful realization that nuclear development will not help it survive but only quicken its regime collapse."

>>>>> 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
The Expected Effects of Petitions to Improve the Monetary System
Energy and Falling Productivity
News Blog
Infographic Of The Day: How The World's Most Iconic Logos Evolve Over Time
Early Headlines: Asia Stocks Down, Fed Wants Banks' Commodity Limits, Treasuries Being Sold, EZ Business Output Softens, France Contraction, Saudi's Boost Banks, Canada Tightens Borders For Chinese And More
Most Read Articles Last Week Ending 24 September
How Britain Owes Its Immigrants A Debt Of Gratitude
Super Mario, The Timeless Bestseller
Explainer: The Nine Swing States That Will Decide The Next US President
How Long Does Apple Support Older IPhone Models
What We Read Today 25 September 2016
Dangerous Ultra Pure Water
Job Employment Tenure Down
Mobile Payments Promise To Improve Financial Accessibility In Mexico
Aging Populations May Mean Lower Economic Growth
Urban Rebound Causes Large Shift In Lower Credit Borrowers To Seek The Outer Suburbs
Investing Blog
Monday Morning Call 26 September
We're Back Here We Started
Opinion Blog
Heading For A Fall? With Summer Over, Europe Must Face Up To Its Mounting Crises
What If We're In A Depression But Don't Know It?
Precious Metals Blog
War On Cash Turns To $20, $50, And $100 Bills
Live Markets
23Sep2016 Market Close: US Indexes Close Lower As Crude Prices Slip, Fed Lowers Economic Growth Prospects, Indicators Melting Into Bearish Territory
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



Crowdfunding ....






























 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 - 2016 Econintersect LLC - all rights reserved