Decade After Lehman, Carney Stays on, Trade Impacts: Eco Day

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

  • The global economy is still nursing some scars from the collapse of Lehman Brothers a decade ago; here’s what you need to know about Mark Carney’s decision to stay at the Bank of England helm and help steer the U.K. economy through its next transition
  • Buckle your seat belts. Trump’s next tariff round could get quite personal for many Americans, taxing closets across the land
  • Tit for tat. China is looking to retaliate against the U.S. over a dumping violation and will ask the World Trade Organization to intervene
  • Charging ahead. The U.S. labor market is still on a tear, posting the most job vacancies on record in July and showing a 17-year high in the rate at which Americans quit their gigs
  • Unfortunate Seoul. Meanwhile, South Korea’s president is seeing trouble for his agenda as job-market data there sours
  • Exclusive take. A Czech central bank board member said in an interview that he sees room to raise interest rates further even as it’ll be prudent to proceed with caution
  • Meeting time. For the Russian central bank’s gathering this week, the smart bets are on moving big or not at all
  • Under pressure. The rupee is a headache for India and will remain so for quite a while
  • More tightening. The markets are seeing the best chances yet that the Fed will hike twice more this year

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