BOE Decision, ECB’s Slowdown Reaction, Trump’s Gambit: Eco Day
(Bloomberg) -- Good morning Americas. Here's the latest news from Bloomberg Economics to help get your Thursday started.
- The Bank of England hinted there may be a need for faster rate increases in the coming years in a report dominated by uncertainty over Brexit.
- In a sign of how traders see Brexit as central to the BOE's outlook, more twists in the saga in the past 24 hours have jolted market expectations for future hikes.
- Staying in the U.K., a report Thursday showed manufacturing growth slumped to the lowest since the aftermath of the Brexit vote in October.
- The euro area's economic slowdown is fostering speculation over what tools Mario Draghi might deploy if the European Central Bank decides that growth and inflation are at risk
- America's boldest fiscal experiment for half a century is yielding some surprising results, and Donald Trump isn't done experimenting yet.
- Italy's central bank governor and finance minister publicly sparred over the populist government's plan to solve chronic low growth by boosting spending
- Manufacturing gauges for some of Asia's most export-driven economies slipped into negative territory in October, highlighting the spillover effect from the U.S.-China trade war
- China's leadership signaled further stimulus measures are being planned as disappointing economic data signal the current piecemeal approach isn't working. Satellite imagery shows Chinese manufacturing output contracted in October
- Finally, don't miss the next part of Stephanie Flanders' New Economy podcast
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, Joanna Ossinger, Alister Bull
©2018 Bloomberg L.P.
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