Carney on Brexit, U.S. Confidence, Hong Kong Poverty: Eco Day

(Bloomberg) -- Welcome to Tuesday, Europe. Here’s the latest news from Bloomberg Economics:

  • The Bank of England governor will take questions about Brexit from lawmakers. He’ll be joined by fellow interest-rate setters Jon Cunliffe, Andy Haldane and Michael Saunders
  • In the U.S., confidence among homebuilders plummeted by the most since 2014
  • That dip in sentiment comes as Federal Reserve Bank of New York President John Williams said the U.S. central bank will stick with its campaign of gradual interest-rate increases
  • On the trade war front, a new paper finds that China is bearing the brunt of the associated economic costs. A Nomura study found Malaysia and Japan are among those that benefit from the trade war in Asia
  • Just when it seemed Japan was making progress on inflation, along came the oil price slide. That, and cheaper mobile phone bills and free nursery education could push inflation below zero
  • Meanwhile, more than one-fifth of Hong Kong’s 7.4 million population were living in poverty last year

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