ADVERTISEMENT

China’s Trade Scope, German Factories, Israel Rates: Eco Day

China’s Trade Scope, German Factories, Israel Rates: Eco Day

(Bloomberg) --

Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

  • Chinese officials are signaling they’re reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce
  • German factory orders declined further in August, aggravating an industrial slump that has pushed Europe’s largest economy to the brink of recession
  • As the Brexit clock ticks down, here’s how the Bank of England is getting ready
  • The Bank of Israel is widely expected to hold its benchmark rate at 0.25% on Monday, leaving official borrowing costs just above their all-time low
  • How much lower can India’s central bank drive interest rates after five back-to-back cuts? By as much as 65 basis points, say some economists
  • Federal Reserve Bank of Kansas City President Esther George dissented against rate cuts at the past two policy meetings, but says she’d be prepared to support a further reduction if she sees evidence of sharply slowing growth
    • Eric Rosengren of the Boston Fed isn’t jumping on the interest-rate-cutting bandwagon just yet
  • Finally, here’s our preview of the world economy this week

To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net

To contact the editor responsible for this story: Fergal O'Brien at fobrien@bloomberg.net

©2019 Bloomberg L.P.