Dalio Sees Risky Times, China Below 6%, U.S. Warns EU: Eco Day

(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:.Ray Dalio of Bridgewater said the U.S.-China dispute is more than a “trade war” and that increasing export controls would be a major escalation. Templeton meantime warned a surge in unsold goods ahead of higher tariffs may make the world’s largest economies appear stronger than they are, masking the risk of recessionChina’s growth outlook is dimming -- even before higher tariffs kick in, says Bloomberg Economics’ Chang ShuThe Trump administration escalated its battle with European allies over the fate of the Iran nuclear accord, threatening penalties against the financial body created by Germany, the U.K. and France to shield trade with the Islamic Republic from U.S. sanctionsThe appointment of Germany’s Jens Weidmann as the ECB’s next president would probably push the euro higher, according to Evercore ISI’s vice chairman Krishna GuhaThe Bank of Canada expressed growing confidence in an economic rebound from a recent soft patch, solidifying Governor Stephen Poloz’s status as one of the world’s more upbeat central bankers.Judy Shelton, a conservative economist the Trump administration is considering for a Fed vacancy, said the bank should avoid restraining growth while the U.S. is engaged in a trade war with China. Here’s a summary of recent comments from Fed policy makersNew Zealand’s opposition called for the finance minister and treasury secretary to resign, saying they wrongly accused the National Party of criminally hacking budget detailsMost Americans don’t think China is paying U.S. tariffs, contrary to what President Donald Trump says, a new survey showsA long slog awaits Turkey even if its first recession in a decade ended last quarter. Meanwhile, YouTube is where Turks are turning for answers on the lira and the economy that they can no longer find in the country’s mostly neutered traditional media.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, Henry Hoenig.©2019 Bloomberg L.P.

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Dalio Sees Risky Times, China Below 6%, U.S. Warns EU: Eco Day

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