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This Article is From Dec 09, 2019

Turning Japanese, Digital Tax, New Battle of Hastings: Eco Day

(Bloomberg) --

Welcome to Monday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the week:

  • First it was Japan. Then Europe. Now investors are scanning the world for the next outbreak of stagnant inflation and tumbling yields
  • It may come down to the will of central banks, trade negotiators and voters this week to set the tone for emerging markets headed toward 2020
  • The era of central bank shock and awe is over. Interest rates are either already around historic lows or negative, spurring concerns they are doing more harm than good
  • The economic malaise in the English coastal town of Hastings helps explain how Britain has ended up at a watershed moment ahead of Brexit
  • The E.U.'s biggest business leaders threw their weight behind a plan to make the bloc climate-neutral, a commitment that could be adopted at a leaders' summit this week
  • The unexpected drop in China's exports in November shows why the nation wants a phase one trade deal -- U.S. tariffs are hurting
  • Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook
  • President Donald Trump's decision to reinstate tariffs on Brazilian steel and aluminum poured cold water on expectations the U.S. would soon resume imports of fresh beef from Brazil
  • French Finance Minister Bruno Le Maire urged the U.S. to support a global overhaul of how the digital economy is taxed, arguing the French digital levy doesn't discriminate against the U.S.
  • Japan's economy expanded in the third quarter at a much faster pace than initially reported, driven by stronger capital investment and private consumption ahead of October's sales tax increase
  • Currency trading grew at a faster pace in emerging markets than developed nations over the past three years, boosted by an increase in automated buying and selling as well as demand for riskier assets

To contact the reporter on this story: Michael S. Arnold in Singapore at marnold48@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Ashutosh Joshi

©2019 Bloomberg L.P.

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