Written by Econintersect
Early Bird Headlines 01 October 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
- Major Asia markets close higher as Australia slashes cash rate to new record low (CNBC) Major markets in Asia Pacific closed higher on Tuesday, while Australia’s central bank cut its cash rate to a new record low. Markets in China and Hong Kong are closed for holidays. The U.S. dollar index rose above 99.495 to its highest since mid-2017. It was was last at 99.479. Oil prices rose in the afternoon of Asian trading hours after Monday’s fall, with international benchmark Brent crude futures adding 0.34% to $59.44 per barrel. U.S. crude futures also gained 0.54% to $54.36 per barrel. Spot gold was down 0.4% at $1,465.80 per ounce, as of 0456 GMT, after declining to its lowest since Aug. 6 at $1,462.44 earlier in the session. U.S. Treasury yields were higher.
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U.S.
- Trump Approval is Holding Steady (FiveThirtyEight) The breaking furor over impeachment has not changed the president’s approval ratings.
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- US Average Hourly Earnings (3 Mo Avg) Highest Since President GWBush, Home Price Growth Lowest Since 2012 (Housing Bubble Redux?) (Confounded Interest) The combination of rising income growth and falling house price growth is showing what might be called housing bubble redux (third figure below).
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China
- China’s economic slowdown: How bad is it? (BBCNews) China’s economy has been slowing for the better part of the past decade, but a recent run of poor data has prompted fresh concerns. What is making investors nervous, and how China has responded? China became a key engine of world economic growth as developed countries licked their wounds after the 2008 global financial crisis. Now, the world’s second-largest economy is expanding at its slowest pace since the early 1990s. China saw industrial output grow at its slowest pace since 2002 in August.
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Other important articles
U.S.
- Why Ukrainegate Is Nothing Like Russiagate (Foreign Policy)
- Barr personally asked foreign officials to aid inquiry into CIA, FBI activities in 2016 (The Washington Post)
- Trump allies concerned he doesn’t understand gravity of impeachment fight (CNN)
- Trump just asked the Supreme Court to let him fire the CFPB’s head. The implications are enormous. (Vox)
- Intelligence watchdog defends handling of whistleblower complaint (Washington Examiner)
- Trump’s approval rating is strong with Republicans. He exaggerates it anyway. (Vox)
EU
Ukraine
- ‘Conned’: Road to Trump impeachment may have begun with Giuliani getting played by Ukrainian prosecutor (Washington Examiner)
- Solomon: These once-secret memos cast doubt on Joe Biden’s Ukraine story (The Hill)
Saudi Arabia
- Three Saudi Brigades Annihilated in Devastating Houthi Offensive in Saudi Arabia (The Greanville Post)
Iran
South Korea
China.
Australia
Canada
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