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This Article is From Oct 03, 2019

Powell Pressure, German Recession Risk, Tariff Targets: Eco Day

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Nifty Capital Markets
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USD-INR
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MSCI World
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SAB Events & Governance Now Media Ltd.
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(Bloomberg) --

Good morning Americas. Here's the latest news and analysis from Bloomberg Economics to help get your Thursday started:

  • The Federal Reserve is likely to be under greater pressure to cut the benchmark interest rate this month with stocks and factory data slumping this week
  • It's U.S. jobs day tomorrow, and payroll forecasts are so weak that they echo months when disasters hit the nation
  • Doyne Farmer traces his research exposing risks in the financial system to the roulette wheels of Las Vegas. Now the chaos scientist is turning his eye to central bank forecasting
    • Here's how Bloomberg Economics is charting the global outlook into 2020
    • Germany's economic woes are becoming more pronounced, with a sharp slowdown in services suggesting the pain from its industrial crisis is spreading
    • Meanwhile, the broader euro-area economy stagnated at the end of the third quarter, held back by an industrial recession and a sharper-than-expected slowdown in services
    • The U.K.'s services industry unexpectedly contracted last month as the nation's dominant sector became the latest victim of escalating uncertainty over the EU divorce
    • Irish and Scotch whiskies, wine, olives and cheese are among the targets in fresh tariffs the U.S. is set to slap on Europe after a World Trade Organization ruling in the Americans' favor
    • Policy makers in Turkey are dueling over whether to cut rates over a slide in inflation, while the central bank chief has signaled a moderation in easing
    • Finally, here's the first episode of a new season of the Stephanomics podcast, looking at how the trade war has already caused a recession for America's factories
    • 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, Lucy Meakin

      ©2019 Bloomberg L.P.

      Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

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