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Iran and Oil, Asia Central Banks Tested, Argentina Woe: Eco Day
Iran and Oil, Asia Central Banks Tested, Argentina Woe: Eco Day
09 May 2018, 06:40 PM IST
(Bloomberg) -- Welcome to Wednesday, Europe. Here’s news from Bloomberg Economics to help get your day started:
- The U.S. exit from the Iran deal might only provide half the oil story as a price shock threatens to rattle economies across the world, Bloomberg Economics analysis shows; President Trump’s pullout risks fallout for the U.S. economy
- Central banks across the world might so far seem patient amid Fed tightening, but higher U.S. Treasury yields are testing economies in Asia
- Tough talks. U.S. Commerce Secretary Wilbur Ross said U.S. and China are “pretty far apart” on trade discussions even as the nations’ two leaders spoke by phone Tuesday
- Help wanted. Argentina, in a world of hurt amid a five-month rout in the peso, is asking the IMF for a $30 billion credit line to keep its economic recovery on track
- Japan’s wage growth rose in March at the fastest pace in two decades, giving hope to policy makers looking for a boost to inflation
- Central bank watch: Australia’s budget could push forward its monetary policy tightening, while you shouldn’t count on an Indonesia rate hike, says Bloomberg Economics
- New boss in town. New Zealand’s central bank might offer little in the way of policy excitement in its rate decision Thursday, but there’ll be plenty to watch with a new chief at the helm
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, Chris Bourke
©2018 Bloomberg L.P.
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