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Global Risk Binge, Modest U.S. Growth, Future Is Fiscal: Eco Day
Global Risk Binge, Modest U.S. Growth, Future Is Fiscal: Eco Day
28 Nov 2019, 12:12 PM IST
(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- Global central banks are approaching the end of the year with a collective shudder at the risky behavior that their low interest-rate policies are encouraging
- The U.S. economy expanded “modestly” through mid-November amid steady consumer spending and some brighter signs from manufacturers, a Fed survey showed
- With growth weak and central banks almost out of space, the world is ready for fiscal policy. Is fiscal policy ready for the world? That’s a harder question, writes Tom Orlik
- Food prices are climbing fast in the biggest emerging markets, posing a possible inflation threat after months of dormant pressures
- After two rate cuts this year, the Bank of Korea is likely to stand pat when it meets Friday, with investors focusing on the bank’s economic forecasts and any dissenting votes
- The ongoing tariff war whipsawed companies again in October, with the U.S. merchandise trade deficit narrowing to the lowest level in more than a year, writes Katia Dmitrieva in the latest Terms of Trade
- Meantime, Europe’s last Soviet economy seems to be approaching its ‘hour of reckoning’
- Comoros, an Indian Ocean archipelago between Mozambique and Madagascar, has big fund-raising plans: heading off to Paris seeking $5 billion in investments
- Ukraine’s central bank openly accused billionaire Igor Kolomoisky of orchestrating an intimidation campaign as he fights to win back control of the country’s biggest lender
- The gold options market saw $1.75 million in block trades betting the precious metal could almost triple in more than a year, surpassing the record
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, Jason Clenfield
©2019 Bloomberg L.P.
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