Draghi’s Final ECB Decision, Unhappy Americans, FX Risk: Eco Day

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Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• Mario Draghi will hold his final policy meeting and press conference as European Central Bank president. The new President Christine Lagarde and the nomination of Isabel Schnabel offer the bank and Germany an opportunity to repair their fractured relationship
• Central banks in Sweden, Norway, Turkey, and Ukraine are also scheduled to decide policy
• With U.S. help, global growth in 2020 may be up from dismal 2019
  • The U.S. economy has added millions of jobs and pay gains have accelerated in recent years, but Americans aren’t happy
• Asia is bracing for the U.S. Treasury’s report on currency manipulators
• Japanese Prime Minister Shinzo Abe met South Korean premier Lee Nak-yon and agreed to mend ties. The meeting was the highest-level talks in more than a year after a flare-up of historical disputes
• The Fed increased the sizes of both its overnight and term repurchase agreement operations to smooth potential volatility
• With interest rates back at all-time lows and growth slowing, speculation is mounting Korea may be forced to turn to unconventional measures
• Some of the most prominent engines of the global economy are showing signs of trade war fatigue. The next big concern is that the drivers will grow weary, writes Brendan Murray in Terms of Trade
• The yearlong U.S.-China trade war has stoked a surge in Chinese nationalism and anti-American sentiment that’s bleeding into marketing decisions and consumer buying habits

To contact Bloomberg News staff for this story: James Mayger in Beijing at jmayger@bloomberg.net

To contact the editor responsible for this story: Jeffrey Black at jblack25@bloomberg.net

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With assistance from Bloomberg