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This Article is From Nov 01, 2018

BOE Decision, ECB’s Slowdown Reaction, Trump’s Gambit: Eco Day

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.

    Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.

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