Trump at Davos, BOJ Caution, Carney’s Eyes and Ears: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• President Trump has been speaking in Davos, where he lauded his economic achievements and said the U.S. is “thriving” and “winning again like never before
  • Also at the WEF, Greta Thunberg delivered a stark message of her own: Everybody is talking about climate change, but nobody is doing anything.
  • That came as CEOs at the meeting complained they can’t save the planet on their own
  • Meanwhile, as the WEF rolls on, here’s a look at Davos by the numbers
• America’s fear of losing its technological advantage over China has helped drive the trade war between the world’s two biggest economies, and Bloomberg’s latest global innovation index shows the concern isn’t misplaced: The gap is narrower than ever
• Haruhiko Kuroda trod a cautious line on the economy Tuesday despite the Bank of Japan’s stronger growth forecasts, in remarks likely aimed at pushing back early speculation that the central bank’s next move will be to start normalizing policy
• Investors wondering whether the Bank of England will cut interest rates next week are missing one potentially vital bit of insight that policy makers are keeping under wraps -- reports from the cental bank’s netowrk of agents
  • Meanwhile, a report Tuesday showed the U.K. labor market held up in the face of political turmoil in the three months through November, breaking a run of disappointing data that had boosted bets on BOE easing
• Expanding Chinese imports from the U.S. under the recently signed trade deal won’t affect demand for goods from other nations, a Chinese trade official told reporters

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Zoe Schneeweiss

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