Clarida's Cut Pushback, Xi's Move, Aussie Coal Addicts: Eco Day

08 May 2019, 11:33 AM IST

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

Fed No. 2 Richard Clarida pushed back against speculation on an interest-rate cut to boost inflation to its 2 percent target
Colossal coal mines and jobs to support the economy remain pivotal in Australia’s election despite the fuel choking the planet
China hawks have the upper hand after President Trump turned the screws on Beijing; Stronger economic data has allowed him to take a tougher stand -- but the same is true for Xi Jinping
New Zealand’s currency is the most volatile since 2016 ahead of today’s rate decision
The European Commission cut its growth forecasts for the euro area and slashed its projection for Germany
As growth worries and trade war jitters threaten to spoil any rebound for emerging markets in 2019, property markets are shaping up as a critical element to monitor
Russian President Vladimir Putin’s broken promises are beginning to stir discontent in heartlands that have been his bedrock of support
Australian central bank chief Philip Lowe yesterday dashed expectations of a rate cut, looking through inflation weakness

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Chris Bourke