Tariffs for Europe, Central Bank Debates, Jokowi Pledge: Eco Day

(Bloomberg) --

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

• Irish and Scotch whiskies, wine, olives and cheese are among the targets in fresh tariffs the U.S. is set to slap on Europe after a World Trade Organization ruling in the Americans’ favor
• Vladimir Putin, his popularity slipping, wants his government to rev up the economy. But a squeeze on spending by the Finance Ministry so far this year has dragged growth to a near standstill
• Guessing game. The Federal Reserve is likely to be under greater pressure to cut the benchmark interest rate this month with stocks and factory data slumping this week, while projections are still mixed
• Banking Woes. India’s central bank is due to cut rates Friday, eyeing a worsening bank sector on top of a broader push to boost economic growth
• Limited room. Policy makers in Turkey are dueling over whether to cut rates over a slide in inflation, while the central bank chief has signaled a moderation in easing
• Opening up. Indonesian President Joko Widodo told Bloomberg he’s looking to introduce sweeping changes to labor laws by year’s end and open more sectors to foreign investment
• Lunchtime read. Here’s how Bloomberg Economics is charting the global outlook into 2020

To contact the reporter on this story: Michelle Jamrisko in Singapore at mjamrisko@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Michael S. Arnold

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