Battling Inflation, Trade-Deal Drama, Job-Market Woes: Eco Day

(Bloomberg) -- Welcome to Tuesday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start your day:

  • The EU’s fastest inflation is under control and focus is turning to stabilizing growth, Romania’s central bank said after a surprise hold Monday; in Russia, inflation at its fastest for the year is dashing hopes of interest-rate cuts
  • More talk, less walk. The U.S. and China have been refining their rhetoric as they dig their heels in on a prolonged trade war
  • Deal drama. The U.S. is hitting a nerve in Japan with threats of levies on vehicles and parts, adding tension to trade talks this week between the two powers
  • Grave expectations. That Japanese wage boom in June is good for reflation, but don’t bet on it lasting for a long time, Bloomberg Economics analysis shows; meanwhile, here’s a QuickTake on how the Bank of Japan is roiling the bond market
  • Price boom. Inflation that soared further past the central bank’s target range in July sealed the case for an interest-rate hike Thursday in the Philippines
  • One and done. The Bank of Korea is likely to undertake just one interest-rate increase before year’s end as the bond market stays healthy
  • Help wanted. Indonesia is struggling with underemployment even as the jobless rate sits at a decades-low, while India is trying to improve its data collection to better capture the value of unpaid work -- particularly household chores by women

©2018 Bloomberg L.P.