U.S.-U.K. Trade Deal, Fiscal Stimulus, BOE Decision: Eco Day

(Bloomberg) -- Welcome to Thursday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Democratic presidential nominee Joe Biden delivered a warning to Boris Johnson, ruling out any U.K.-U.S. trade deal if the prime minister’s plan to renege on parts of the Brexit agreement threatens peace in Northern Ireland
• Less than a week after Senate Republicans united behind a slimmed-down fiscal stimulus package, President Donald Trump renewed divisions in the party over how much Covid-19 relief the U.S. economy needs
• Economic activity is stabilizing across most advanced economies, though still far below pre-Covid levels, according to Bloomberg Economics gauges that integrate high-frequency data such as credit-card use, travel and location information. Norway, Germany and Japan remain at the forefront of the recovery, while the U.S., U.K., and Canada are trailing behind
• The Bank of England will step up talks on negative interest rates as the economy enters a period of unusual uncertainty. Policy makers, led by Governor Andrew Bailey, voted unanimously to maintain their key interest rate at 0.1% and asset purchase target unchanged at 745 billion pounds ($966 billion)
• August may have been a record month on many fronts for the port of Los Angeles as volumes recover from the initial shock of the Covid-19 pandemic, but the long-term trends at the U.S.’s busiest container hub show the nation’s trade imbalances have deepened
• Brazil plans to hold interest rates at a record low for the foreseeable future, with policy makers describing price pressures that emerged during the economic recovery as just temporary
• Latin American countries are lagging other emerging markets in recovering from the pandemic, according to a Bloomberg Economics ranking of 75 economies. While Asia is getting closer to pre-outbreak norms, 18 of the bottom 25 economies listed are in Latin America or the Caribbean

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