(Bloomberg) --
ADVERTISEMENT
Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
ADVERTISEMENT
- The European Central Bank started its second round of corporate bond purchases by purchasing in a week an amount that analysts expected it to buy in a month
- If not China, where? Bloomberg Economics’ Chang Shu and Justin Jimenez explore which country could be Asia’s next export powerhouse; the analysis and an interview of companies show no single economy has the wherewithal to step into China’s shoes
- Bloomberg Econoics says a sharp slowdown in China’s credit expansion in October underlines weakness in demand and supply of loans and foreshadows a further slowdown in the economy
- German businesses are more pessimistic on one of their biggest markets than they’ve been in years. A survey of companies with operations in China showed only a quarter expect to meet or exceed their business targets this year
- New Zealand’s central bank may cut interest rates to a fresh record low on Wednesday as it seeks to boost economic growth and revive inflation, although its final review of the year is proving hard to predict
- The Swedish government has requested a meeting with the director general of the country’s statistics office due to quality issues with recent labor market data, media reported
- Bloomberg Economics says the Reserve Bank of Australia’s updated forecasts send a clear signal it has more work to do to get inflation back to target
- Meantime wildfires were bearing down on rural communities along Australia’s east coast on Tuesday as authorities warned that strong winds and soaring temperatures would make conditions increasingly dangerous
©2019 Bloomberg L.P.