Early Headlines: Asia Stocks Mostly Up, Dollar And Oil Up, Gold Down, Yields Mixed, OECD Leading Indicator Falling, Draghi Stimulus, Bahamas' Missing, Plus More - 22 Articles, 6 Graphics

Early Bird Headlines 12 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 stocks rise as Trump delays tariffs on China (CNBC) Stocks in Asia rose on Thursday as investor hopes rose on positive developments on the U.S.-China trade front. The U.S. dollar index was higher at 98.616. Brent crude futures added 0.38% to $61.04 per barrel and U.S. crude futures gained 0.45% to $56 per barrel, rebounding from steep losses overnight. Spot gold dropped 0.2% to $1,494.02 per ounce as of 0340 GMT. U.S. government debt yields changes were narrowly mixed Thursday morning, as traders looked ahead to fresh data and a rate decision by the European Central Bank (ECB).

OECD Leading Indicator is Falling (Twitter)

Draghi is expected to unveil a huge new stimulus plan – but it’s a close call (CNBC)

Purchasing Managers’ Indexes for Europe show a stabilization, albeit the weakness persists in the industrial space.
The question is if and when the spillover will happen to the service sector and to the labor market – especially in the larger economies like Germany and France.
Even though critics are getting louder and louder questioning the effectiveness of further easing, Draghi is getting more and more vocal about weaker-than-expected inflation.

Bahamas

Tentative list of the missing in Bahamas has 2,500 names (Associated Press) An estimated 2,500 people are listed as missing in the Bahamas in Hurricane Dorian’s aftermath, the government said Wednesday. But it cautioned that the names had yet to be checked against the rosters of people evacuated from the devastated islands or staying in shelters. Carl Smith, a spokesman for the country’s National Emergency Management Agency, said he expected the list to shrink as the names are checked. More than a week after Dorian smashed thousands of homes on the country’s Grand Bahama and Abaco islands, the death toll stood at 50 and was expected to rise, with search-and-rescue crews still making their way through the ruins.

Members of the fire rescue team Task Force 8, from Gainesville, Florida, help remove a body one week after Hurricane Dorian hit The Mudd neighborhood in the Marsh Harbor area of Abaco Island, Bahamas, Monday, Sept. 9, 2019. Dorian, the most powerful hurricane in the northwestern Bahamas’ recorded history, has killed at least 44 people in Bahamas as of Sunday, Sept. 8, according to the government. (AP Photo/Gonzalo Gaudenzi)