Early Headlines: Asia Stocks Mostly Up, Dollar And Gold Down, Oil And Yields Up, US Mfg Decline, Antarctica Warming, Oz Weather Impacted, Plus More - 23 Articles, 10 Graphics

Written by Econintersect

Early Bird Headlines 09 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 higher as Chinese exports unexpectedly decline (CNBC) Asia markets rose on Monday as investors reacted to a series of recent data releases in major economies including the United States and China. The U.S. dollar index was ower at 98.451 after falling from levels above 99.2 last week. se in the afternoon of Asian trading hours, with international benchmark Brent crude futures added 0.8% to $62.03 per barrel and U.S. crude futures advanced 0.94% to $57.05 per barrel. Spot gold eased 0.1% to $1,505.20 per ounce, as of 0739 GMT, having fallen nearly 1% in the previous session. Bonds fell as yields rallied. The 10-year treasury reached 1.6% and the 30-year bond advanced further above 2%.

U.S.

Analysis: Trump said he’d rebuild manufacturing. Now it’s in decline. What happened? (The Washington Post) In December 2018, American manufacturing was ending a more than two-year tear, cheered along the way by its most prominent patron, President Trump.

But this year, manufacturing has turned south and entered what Federal Reserve data show is a technical recession, or six-month slump. It seems unlikely to recover in the near future: A major survey of U.S. manufacturing purchasing managers found a negative outlook, and the other is just a whisker away from going negative for the first time since 2009.

Australia

The air above Antarctica is suddenly getting warmer – here’s what it means for Australia (The Conversation) Record warm temperatures above Antarctica over the coming weeks are likely to bring above-average spring temperatures and below-average rainfall across large parts of New South Wales and southern Queensland. The warming began in the last week of August, when temperatures in the stratosphere high above the South Pole began rapidly heating in a phenomenon called “sudden stratospheric warming”. This has happenbed before so Australia has a pretty good isdea what to expect.

Anomalous Australian climate conditions during the nine most significant polar vortex weakening years (1979, 1988, 2000, 2002, 2004, 2005, 2012, 2013, 2016) on both maximum and minimum temperatures, and rainfall for October-November, as compared to all other years between 1979-2016. Bureau of Meteorology

Other important articles

U.S.