Europe Bird Wing, Fed CPI Strategy, Singapore Stimulus: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• The relief as economic activity surged in Europe when coronavirus lockdowns ended is giving way to renewed gloom
• The Fed will reveal a subtle yet profound shift in how it conducts monetary policy, embracing a more relaxed view on inflation
• Singapore announced additional support measures of S$8 billion ($5.8 billion) to cushion the blow from the coronavirus pandemic
• The big geopolitical policy battle of the 2020 U.S. presidential election is one over which side is going to be tougher on China
• The new normal of remote work has yet to reach the traders who deal with the Bank of Japan
• The U.S. failure to handle the coronavirus pandemic risks derailing the economic recovery and puts the country at a competitive disadvantage with China, ex-Fed chief Alan Greenspan said
• Canadian immigration plummeted by almost two thirds amid border restrictions, threatening a key driver of economic growth
• Purdue Pharma LP, the bankrupt maker of OxyContin painkillers, inflicted more than $2.15 trillion in financial damage on the U.S. economy while pushing highly addictive opioids on Americans

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