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This Article is From Oct 18, 2018

Brexit Bottleneck, No Currency Manipulators, Korea Hold: Eco Day

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

  • Theresa May is said to be mulling a longer transition period to break the Brexit stalemate, while citizens in EU-membership countries are feeling the best about the bloc than at any time since 1992
  • Standing down. The U.S. spared all countries, including China, the “currency manipulator” tag in the latest Treasury report on foreign currencies
  • Another blast. Trump has plans to withdraw from an international shipping treaty that gave some discounted rates for imports of Chinese goods; meanwhile, China's factory heartland is bracing for a bigger tariff hit
  • Policy hold. The Bank of Korea opted Thursday to hold interest rates steady amid a basket of external and domestic risks
  • Fedspeak. The Federal Reserve's been talking more about taking interest rates beyond the neutral rate, according to minutes released Wednesday of the September gathering
  • Construction slump. Russia's years of loose monetary policy triggered a mortgage boom, but very few homes
  • Contagion risk. South Africa's recession is hurting more than just South Africans, with neighboring countries that are pegged to the rand feeling the burn also

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, Henry Hoenig

©2018 Bloomberg L.P.

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