Tariffs Averted, U.K. Election Impact, Green Gamble: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get you into the weekend:

• President Donald Trump is expected to formally present an interim deal with China as soon as Friday that will avoid further escalation of a trade war that for almost two years has hung over the world’s largest economies and thus almost any country or company doing business with them
• Boris Johnson’s decisive win in the U.K. election clears the way for his government to speedily name the next Bank of England governor, handing them part control of an economy that continues to limp along and which will soon face fresh Brexit risks
  • Bloomberg Economics’ Dan Hanson expects the U.K.’s fiscal policy to be loosened in coming years after Johnson’s win
• If Christine Lagarde carries on as she started, she may turn out a lot less trigger-happy than her predecessor as European Central Bank president. Meanwhile, some ECB policy makers wanted Lagarde to include a reference to the damaging side effects of negative interest rates in her statement after the bank’s Governing Council meeting Thursday
• Europe is taking a green gamble for its economy. The European Commission unveiled a plan this week to impose stricter caps on greenhouse emissions, change taxation and create new rules for companies
• The Bank of Russia delivered a fifth consecutive bout of monetary easing and said it would consider more cuts in the first half of next year as inflation continues to fall below target. The ruble extended a rally
• Finally, here’s our collection of this week’s analysis, scoops and enterprise from Bloomberg Economics

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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