Weak U.S. Wages, China's Silicon Valley, Thai Rates: Eco Day

(Bloomberg) -- Good Wednesday morning, Europe. Here’s the latest news from Bloomberg Economics:

  • Mark Carney’s future is back in the spotlight with a report that he’s been asked to stay on as Bank of England governor until 2020; meanwhile the race to succeed Mario Draghi as head of the European Central Bank has a new leader
  • Italy isn’t planning to breach the EU’s budget deficit limit, according to Italian Finance Minister Giovanni Tria
  • Economist Richard Clarida won Senate confirmation to be Fed vice chairman
  • The U.S.-Mexico trade deal is meant to send a "signal" to other countries outside of North America that may have manipulated their currencies
  • President Trump heads into a midterm referendum on his presidency showing no real progress on a core promise: to raise the wages of Americans
  • The completion of one of the world’s longest bridges stands as the biggest monument to China’s success in reuniting its colonial-era concessions
  • Thailand should be ready for an interest-rate hike by early 2019, according to a top aide to the prime minister
  • These are the four key challenges confronting Australia’s new prime minister as he tries to reunite his fractious party ahead of an election

©2018 Bloomberg L.P.