Powell and Wall Street, More Tariffs, Euro Area Cools: Eco Day
(Bloomberg) -- Good morning, Americas. Here’s the latest news from Bloomberg Economics to help get your Tuesday started:
- The ultimate guarantor of job security for presidential whipping boy Jerome Powell may lie not in Washington, but on Wall Street
- Meanwhile, the U.S. is preparing to announce by early December tariffs on all remaining Chinese imports if talks next month between President Donald Trump and Chinese Premier Xi Jinping fail to ease trade tensions, three people familiar with the matter said
- Euro area growth unexpectedly slowed to the weakest in more than four years in the third quarter, while a measure of confidence hinted at a more protracted slowdown
- China’s attempt to break free from the debt-financed stimulus of the past is being stress tested by Donald Trump. Meanwhile, the nation is is considering a tax cut to revive its flagging automotive market, while forecasters have reduced estimates for economic growth over the coming quarters
- Still on China, here’s a look at who has the most to lose if China’s trade ambition succeeds.
- Government forecasters handed U.K. Chancellor of the Exchequer Philip Hammond a large bag of cash last month. He decided to spend it buying votes for Prime Minister Theresa May
- The Bank of Japan is buying a record amount of exchange-traded funds as the nation’s stock market heads for its worst month since the height of the global financial crisis in 2008
- Finally, don’t miss the next part of Stephanie Flanders’ New Economy podcast
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