Argentina Crisis Fears, U.K. Jobs, Singapore Outlook: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your Tuesday started:

• Suddenly, fears of a full-blown financial crisis in Argentina have once again come rushing to the fore
• Mario Draghi’s plans for a parting stimulus shot are laced with even more suspense than usual as the prospect of a renewed round of asset purchases is shrouded in uncertainty
• Investor confidence in Germany’s economic outlook worsened for a fourth month after a string of disappointing figures raised recession risks
• U.K. wages rose at their fastest pace in 11 years in the three months through June and employment climbed to a record high
  • Meanwhile data tomorrow may mean that U.K. rail users could be looking at an increase of almost 3% in the cost of travel, after another year of cancellations, delays and strikes
• The Swiss National Bank may have to step up measures to tame the franc and prevent the currency from appreciating to a damaging level
• Singapore’s government cut its forecast for economic growth this year to almost zero as the escalating U.S-China trade war dampens the region’s most trade-reliant economies

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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