Written by Econintersect
Early Bird Headlines 21 August 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
- Asia trades lower as markets look to central banks for guidance (CNBC) Asia markets largely declined Wednesday after U.S. indexes pulled back overnight on recession fears. Some analysts said the selloff in stocks pointed to “deep-seated worries” among investors. The U.S. dollar Index last traded at higher at 98.264 against a basket of its peers, climbing from an earlier low of 97.948. U.S. crude added 0.3% to $56.30 per barrel while the international benchmark Brent gained 0.62% to $60.40. Spot gold was down 0.5% at $1,499.18 per ounce by 0948 GMT. U.S. Treasury yields ticked higher.
Germany
- Germany sells 30-year bond at auction with negative yield for first time (Reuters) New German bonds with a 30-year maturity were issued with a negative yield for the first time in an auction on Wednesday, data from the Bundesbank showed. The average yield in the auction was -0.11%. Why would anybody buy a bond that would cost more than 30% to own if held for 30 years? Because bonds in the secondary market just last week were sold with a effective yield of 0.31%. And some investors may be thinking the trend toward negative yields may not be over. Capital gains can accrue, as they have for the past year:
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- German Automakers Trading At The Lowest Equity Prices Ever (ValueWalk) German passenger car production has gone from 5.8 million to 4.75 million. But the companies are not suffering from falling car sales; German automakers have been moving production out of Germany.
Italy
- Italy’s Government Collapses, Turning Chaos Into Crisis (The New York Times) After 14 months of bickering, Italy’s government collapsed on Tuesday, plunging a key European nation already hobbled by financial fragility and political chaos into a renewed period of crisis and uncertainty. See also Italy president begins talks to seek way out of government crisis (Reuters).
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Other important articles
​Global
- Global currency markets continue to be roiled by US-China trade war (South China Morning Post)
- The Oligarchy’s Plans For Our Future Keep Getting Dumber (The Greanville Post)
U.S.
- Biden keeps a big lead while Harris slides: Here are the latest 2020 Democratic primary polls (CNBC)
- After Mass Shootings, Trump Loses Interest in Gun Control: ‘He’s Started to Move On,’ Official Says (Daily Beast)
- DHS Was Tracking White Supremacist Terrorists, but Nobody Wanted to Listen (The Real News Network)
- North Carolina clean energy plan could reduce power sector emissions up to 70% by 2030 (Utility Dive)
- Who are the people who still would vote for Trump? (mythfighter.com)
- Walmart sues Tesla over solar panel fires at seven stores (CNBC)
​UK
Denmark
Iran
Russia
India
- Bandhan Bank – India’s Social Bank Stock Long Idea (ValueWalk)
- Incarcerated Kashmir separatists urge public march over loss of autonomy (Reuters)
Indonesia
- I’m a Chinese man dating an Indonesian woman. We’re in love – but it’s not that easy (South China Morning Post)
China
- Huawei wins 90-day reprieve on US supply ban, but affiliate blacklist expands (South China Morning Post)
- Hong Kong protests planned for mob-attack subway as bank warns of economic fallout (Reuters)
Australia
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