Written by Econintersect
Early Bird Headlines 03 September 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 markets mixed; Reserve Bank of Australia keeps cash rate unchanged (CNBC) Stocks in Asia were mixed Tuesday. The U.S. dollar index was higher at 99.286 after rising from levels around 98.8 yesterday. Oil prices were lower in the afternoon of Asian trading hours, with international benchmark Brent crude futures shedding 0.44% to $58.40 per barrel, while U.S. crude futures fell 0.93% to $54.59 per barrel. Spot gold was down 0.2% at $1,528.00 per ounce at 0718 GMT. Treasury yields were lower with the 10-year back below 1.5% and the 30-year below 1.94%. The yield curve remained inverted out through 30 years.
U.S.
- Around 6:10 a.m. ET, Dow futures indicated a negative open of more than 225 points.
- Futures on the S&P and Nasdaq were both lower.
- The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1.
South Korea
- South Korea Hits Record Low Inflation (Twitter)
China
- Yuan Depreciation Reaches New Level (Twitter)
- Dramatic vision from out of control Hong Kong protests (60 Minutes Australia) Spare a thought for the residents of Hong Kong, who for the last three months have been living through the horror of their bustling city crumbling on the edge of anarchy. Their lives now regularly include dodging choking clouds of tear gas as police and protestors face off in increasingly violent clashes. Liam Bartlett, a frequent visitor to Hong Kong in the past, reports that he’s never seen anything quite like the city’s disturbing deterioration.
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Other important articles
U.S.
- Families Go Deep in Debt to Stay in the Middle Class (The Wall Street Journal)
- Congress set for chaotic fall sprint (The Hill)
- Freshman Previously Denied Entry to the United States Arrives at Harvard (Harvard Crimson)
- Trump attacks ABC over report he said Dorian could impact Alabama (The Hill)
- This weekend’s tariffs are not like the others (CNN)
- Coast Guard: 25 bodies found after California boat fire (Associated Press) Hat tip to Sig Silber.
EU
- EU could declare no-deal Brexit a major natural disaster (The Guardian)
UK
Greece
- Greece moves to ease asylum-seeker crowding on Lesbos (Financial Times)
Saudi Arabia
- Saudi Arabia replaces Aramco chairman with MBS ally (Financial Times)
Yemen
Iran
Afghanistan
China
- Hong Kong leader says she would ‘quit’ if she could, fears her ability to resolve crisis now ‘very limited’ (Reuters)
- China starts to impose additional tariffs on some U.S. goods (Reuters)
Australia
Argentina
- Argentine peso strengthens after capital control measures (Financial Times)
Bolivia
- As Amazon Burns, Fires in Next-Door Bolivia Also Wreak Havoc (The New York Times)
Mexico
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