Turning Japanese, Digital Tax, New Battle of Hastings: Eco Day

(Bloomberg) --

Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:

• First it was Japan. Then Europe. Now investors are scanning the world for the next outbreak of stagnant inflation and tumbling yields
• It may come down to the will of central banks, trade negotiators and voters this week to set the tone for emerging markets headed toward 2020
• The era of central bank shock and awe is over. Interest rates are either already around historic lows or negative, spurring concerns they are doing more harm than good
• The economic malaise in the English coastal town of Hastings helps explain how Britain has ended up at a watershed moment ahead of Brexit
• The E.U.’s biggest business leaders threw their weight behind a plan to make the bloc climate-neutral, a commitment that could be adopted at a leaders’ summit this week
• The unexpected drop in China’s exports in November shows why the nation wants a phase one trade deal -- U.S. tariffs are hurting
• Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook
• President Donald Trump’s decision to reinstate tariffs on Brazilian steel and aluminum poured cold water on expectations the U.S. would soon resume imports of fresh beef from Brazil
• French Finance Minister Bruno Le Maire urged the U.S. to support a global overhaul of how the digital economy is taxed, arguing the French digital levy doesn’t discriminate against the U.S.
• Japan’s economy expanded in the third quarter at a much faster pace than initially reported, driven by stronger capital investment and private consumption ahead of October’s sales tax increase
• Currency trading grew at a faster pace in emerging markets than developed nations over the past three years, boosted by an increase in automated buying and selling as well as demand for riskier assets

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