Pivotal Jobs Moment, Asia Pulse Check, ‘Work-From-Bali’: Eco Day

Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the week.

  • The U.S. jobs report on Friday augurs a pivotal moment for investors to assess whether surprisingly tepid job gains seen last month were a momentary blip or the start of something more persistent
  • A bevy of data from Asia’s biggest economies will give a pulse check on the recovery as parts of the region see virus flare-ups, according to Bloomberg Economics’ weekahead
  • An Indonesian ministry will introduce a “Work From Bali” program for civil servants aimed at helping to revive the battered economy
  • China’s factories, power plants and farms are fielding the worst effects of a surge in commodity costs that’s yet to hurt citizens
  • Australia’s central bank is approaching a decision on whether the economy is strong enough to join Canada and New Zealand’s stance shift
  • The Indian economy’s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one’s yet doubting its potential to pull off the world’s fastest pace of growth
  • Singapore Prime Minister Lee Hsien Loong will tell the public “how we plan to keep Covid-19 under control, while progressively opening up again” in a speech
  • A rapid appreciation of the yuan against the dollar probably won’t last, according to a former Chinese central bank official. Another former official said that monitoring the payments of citizens was never China’s motivation for developing a sovereign digital currency
  • The euro’s charge toward a three-year high is stumbling as the ECB quashes expectations it’s anywhere near paring emergency stimulus
  • The Tokyo Olympics were supposed to be a victory celebration, or as former Japan Self Defense Forces chief Katsutoshi Kawano put it, “proof that the world has defeated the virus.” It hasn’t happened

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