ADVERTISEMENT
Decks Clear for Trade War, Near-Zero Escape, Wage Boom: Eco Day
Decks Clear for Trade War, Near-Zero Escape, Wage Boom: Eco Day
02 Oct 2018, 04:31 PM IST
(Bloomberg) -- Welcome to Tuesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- President Donald Trump looks to be preparing for a potentially protracted economic war with China by clearing the decks of disputes with America’s other trading competitors
- The Fed is leading rich nations out of the near-zero-interest-rate era, but the key word is still “gradual”
- America’s tech hub is leading the country in wage growth, according to a new report
- The U.K. needs a hugely ambitious trade policy -- equivalent to deals with seven Americas -- to fully compensate for a no-deal Brexit, according to Bloomberg Economics
- Italy’s populist government has no plan to leave the single currency and will stick to the budget deficit target that has roiled markets, according to Claudio Borghi, a senior euroskeptic lawmaker
- Turkish inflation could derail a nascent rally in the lira and bonds
- Australia kept interest rates at a record low as it gauges the impact of falling property prices on an economy that’s otherwise showing strong growth and hiring
- It’s been a rough year for Manhattan’s home sellers, and they’re not about to catch a break any time soon
- In other housing news, U.K. prices rose in September -- London remains a weak spot though -- and Amsterdam is trying to keep the city affordable for locals
- Randal Quarles, the Federal Reserve’s vice chairman for supervision, is vying with the head of the Dutch central bank to lead a watchdog panel for the global financial system
- Despite Germany’s historic economic expansion, there are increasing signs of instability
To contact the reporter on this story: Zoe Schneeweiss in London at zschneeweiss@bloomberg.net
To contact the editors responsible for this story: Fergal O'Brien at fobrien@bloomberg.net, Joanna Ossinger
©2018 Bloomberg L.P.
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT