Early Headline: Asia Stocks Mixed, Dollar Up, Oil, Gold And Yields All Down, Dow Futures Skid, S. Korea Zero Inflation, Yuan Hits New Low, Hong Kong Video Report, Plus More - 26 Articles, 5 Graphics

Early Bird Headlines 03 September 2019

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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.

Dow futures skid more than 225 points after new US-China trade tariffs take effect (CNBC)

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.