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Tariffs Averted, Lagarde’s New Style, EU Green Gamble: Eco Day

Tariffs Averted, Lagarde’s New Style, EU Green Gamble: Eco Day

(Bloomberg) --

Welcome to Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and get you into the weekend:

  • U.S. President Donald Trump signed off on a phase-one trade deal with China, averting the introduction of a new wave of tariffs slated for Dec. 15. Look here for Bloomberg Economics’ estimates on what this means for the global economy
  • 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
  • It’s rate decision day in Russia -- here’s what to expect
  • Bloomberg Economics’ Dan Hanson expects the U.K.’s fiscal policy to be loosened in coming years after Boris Johnson’s U.K. election victory
  • 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
  • Japan’s large manufacturers were losing optimism for the first time in more than six years as the government mulled measures to prop up the economy, according to the Bank of Japan’s quarterly Tankan survey
  • U.S. business debt exceeded household debt for the first time since 1991, a potential warning sign for the economy as corporate investment softens
  • Democratic presidential candidate Elizabeth Warren wants to install dovish policy makers at the U.S. central bank if she wins in November
  • Bank of Canada Governor Stephen Poloz said he expects global interest rates to remain low for years to come due to structural forces such as sluggish productivity and population growth
  • Finally, here’s our collection of this week’s analysis, scoops and enterprise from Bloomberg Economics

To contact the reporter on this story: Jiyeun Lee in Hong Kong at jlee1029@bloomberg.net

To contact the editors responsible for this story: Paul Jackson at pjackson53@bloomberg.net, Michael S. Arnold

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