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 09 May 2017

Early Headlines: Asia Stocks Mixed, Dollar Up, Gold And Oil Down, TPP Revival, Regional Banks Trouble Ahead, US Cancer By State, Huge Gender Gaps In UK, Manilla Bulls, China Stocks Losing Streak, And More

Written by

Early Bird Headlines 09 May 2017

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


Please share this article - Go to very top of page, right hand side for social media buttons.


Global

  • Asian markets muted; South Korean election, Australia budget in focus (CNBC) Asian equities were subdued on Tuesday after soaring in the previous trading session with investors focused on key regional events unfolding in the day, including a presidential election in South Korea and the release of the Australian federal budget. The dollar index traded at 99.148 at 2:08 pm HK/SIN, up from the revioud session. U.S. crude traded 0.13% lower at $46.37 per barrel while Brent crude was 0.08% down and trading at $49.30. Spot gold was up 0.2% at $1,228.20 per ounce at 0320 GMT, after touching a seven-week low of $1,224.86 the day before, just above its 100-day moving average. U.S. gold futures advanced 0.1% to $1,228.20 an ounce.

asia.pac.2017.may.09

  • The other 11 members of the Trans-Pacific Partnership (TPP) trade deal appear set to revive the pact without the U.S., experts said at the Institute of International Finance conference in Tokyo this week.

  • Deborah Elms, executive director at the Asian Trade Centre, said on Monday that it was "hubris on the part of the U.S." to believe the absence of the U.S. would kill the TPP.

  • Charles Lake, president of Aflac International and chairman of Aflac Japan, said at the conference that TPP-11 was well within the realm of possibility.

U.S.

  • Trump names 10 nominees to federal courts on heels of Gorsuch win (Fox News) President Trump began his bid Monday to reshape the makeup of the lower federal courts, with the White House announcing 10 judicial nominees it described as Trump's "third wave of Federal judicial appointments". Coming out of its first 100 days, the administration aims to build on the successful confirmation of Justice Neil Gorsuch to the Supreme Court. White House Press Secretary Sean Spicer said the nominees were all “chosen for their deep knowledge of the law and their commitment to upholding constitutional principles".

Two of the nominees originally were on the list of 21 candidates that the Trump transition team considered for the Supreme Court vacancy left by Antonin Scalia’s death, and ultimately filled by Gorsuch. They are Justice Joan Larsen of the Michigan Supreme Court, nominated to the 6th Circuit Court of Appeals in Cincinnati; and Justice David Stras of the Minnesota Supreme Court, nominated to the 8th Circuit Court of Appeals in St. Louis.

The company’s investment bankers are warning depository clients that they may begin feeling the crunch in December, thanks to a byproduct of how the U.S. Federal Reserve propped up the economy after the financial crisis, according to a copy of a confidential presentation obtained by Bloomberg News and confirmed by a JPMorgan spokesman.

JPMorgan argues that some midsize U.S. banks -- those with $50 billion in assets or less -- could face a funding problem in coming years as the Fed goes about shrinking its massive balance sheet, according to the 19-page report the New York-based bank has begun sharing with clients.

UK

Virgin Money disclosed that men who work at the bank earn, on average, 36 percent more than women. At asset manager Schroders Plc, the pay gap was 31 percent. Utility SSE Plc reported an average pay gap of 23.4 percent, and consulting firm PwC said it found a 15 percent difference in pay.

Philippines

Click for large image.

philippine.stocks.2017.may.08

South Korea

Polls will close at 8 p.m., with exit polls released shortly afterward. A winner is expected sometime around midnight in Seoul. Voter turnout stood at nearly 60% as of 2 p.m., the Election Commission said on its website.

Moon Jae-in, the runner-up to Park in 2012, is the favorite to become president and end nine years of conservative rule. His rivals include Ahn Cheol-soo, 55, of the centrist People’s Party, and Hong Joon-pyo of the Liberty Korea Party, an offshoot of Park’s conservative wing.

The winner will inherit a nation riven by divisions, with younger voters pushing back against an older generation that have put right-leaning politicians in charge of South Korea for most of the time since it embraced democracy. Park’s downfall has split the conservative camp and provided an opening for Moon, who talks with North Korea and steps to rein in family-run conglomerates known as chaebol.

China

  • Chinese Factories Going It Alone to Build the Next Must-Have Device (Bloomberg) For decades China’s contract manufacturers have been content mostly to churn out gadgets designed by the world’s tech companies. Now they’re going a step further -- seeking out entrepreneurs and building their designs in hopes of finding the next must-have device. Plants like Jetta Company Ltd. in Guangzhou are cutting out the traditional role of venture capital firms by shouldering some of the risk of developing a new product. They seek out ideas at trade events or from referrals. Then in-house teams build and test prototypes and even make small batches to gauge the market.

Click for large image.

china.stocks.2017.may.08

>>>>> 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. 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.







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