Central Banks Concern, China Slowdown, Chile Gamble: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• Global central banks are approaching the end of the year with a collective shudder at the risky behavior that their low interest-rate policies are encouraging
• Earliest-available indicators of China’s economic performance point to a continued slowdown in November
• President Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone
• French consumer confidence rose unexpectedly in November to reach its highest level in over two years, indicating domestic resilience of the euro area’s second-largest economy spurred by President Emmanuel Macron’s fiscal stimulus
• Chile is gambling its status as a pro-market poster child as the government scraps plans to cut debt in favor of at least $1.5 billion per year in additional social spending to appease protesters
• Australia’s AAA credit rating -- one of only 11 in the world -- would come under increased “downward pressure” if the government opted to deploy fiscal stimulus that changed the trajectory of the budget, S&P Global Ratings said

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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