Written by Econintersect
Early Bird Headlines 09 July 2019
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, published Monday, Wednesday and Friday, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.
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Notice: We have changed the form of content coverage for Early Bird. We will provide discussion only for Asia Markets news and a small number (often 1 or 2) other articles. The remainder of the content will be headlines (with links) only.
​Key articles
Global
- Major Asia markets close lower, suppliers follow Apple downward (CNBC) Asia Pacific stocks mostly declined on Tuesday amid dampened expectations on the Fed cutting rates this month. Mainland China shares mostly continued to fall after losses on Monday. The dollar last traded higher at 97.476 against a basket of its peers, climbing from levels below 96.800 in the previous week. U.S. crude futures declined 0.33% to $57.47 per barrel, while Brent crude futures dropped 0.12% to $64.03 per barrel. Spot gold was 0.5% lower at $1,387.80 per ounce, having earlier touched $1,386.11, its lowest since July 2. U.S. government debt prices were lower Tuesday morning, as investors awaited Fed speeches and a fresh batch of economic data.
U.S.
- The Science Behind Washington’s Scary ‘Flash Flood Emergency’ (Live Science) When large amounts of rain fall in a short time west of Washington, it is all funneled into the Potomac River which delivers a multi-foot water rise in Washington. The city is partially built in a tidal basin and low lying land quickly is turned into a lake which then overflows into neighboring parts of the city. That is what happened Monday 08 July when 3-5 inches of rain fell over an area from Washington northwest to Frederick, MD.
EU
- ECB Easing is Coming (Twitter) See next article.
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Growing number of analysts see QE restarting in quarters ahead
ECB markets head Coeure says move is ‘hypothetically’ possible
But opinion is varied
Other important articles:
​Global
U.S.
- Pelosi calls for Acosta to step down over Epstein case (The Hill)
- Obamacare faces major court test with health benefits on the line (ABC News)
- U.S. consumer confidence at 21-month low (Reuters)
- What Happened to Unity? The Pelosi-AOC feud signals trouble ahead for House Democrats. (Slate)
- Treasury could hit debt limit in first half of September, much earlier than estimated (MarketWatch)
- Wisconsin governor says Foxconn is again likely to miss job targets (CNN)
- Two Marines charged with attempting to transport undocumented immigrants (Washington Examiner)
- Biggest illness outbreaks in every state over a decade (Stacker)
EU
Germany
Italy
Iran
- EU calls on Iran to reverse uranium enrichment and uphold nuclear deal (Reuters)
- Iran Is Right (Slate)
Russia
Russia
Philippines
Taiwan
China
- Hong Kong leader says China extradition bill ‘is dead’ but stops short of formal withdrawal (CNN)
- Exclusive: China’s PLA signals it will keep Hong Kong-based troops in barracks (Reuters)
Guatemala
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