Carney's Carnage, China Tax Cut, Kiwi Growth Spurt: Eco Day

(Bloomberg) -- Happy Thursday, Europe. Here’s the latest news from Bloomberg Economics:

  • Economists aren’t buying Bank of England Governor Mark Carney’s dire scenario of a U.K. housing crash in the event of a chaotic no-deal Brexit
  • President Donald Trump may find it harder to claim victory over China the longer his trade war runs, even as he points to America’s ebullient economy and stock market as evidence he’s winning for now
  • China is planning to cut the average tariff rates on imports from the majority of its trading partners as soon as next month, two people familiar with the matter said
  • Prime Minister Shinzo Abe won a leadership vote of his ruling party Thursday, bolstered by Japan’s longest stretch of economic growth in a generation
  • Brazil’s central bank kept its key rate at an all-time low but cautioned of growing risks to inflation amid doubts over economic policy following presidential elections and global trade disputes
  • New Zealand’s economy grew at the fastest pace in two years in the second quarter, prompting markets to pare bets on an interest-rate cut. The currency rose to a three-week high

©2018 Bloomberg L.P.