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This Article is From Oct 08, 2019

China’s Trade Reluctance, Indian Easing, Hunt for Yield: Eco Day

China’s Trade Reluctance, Indian Easing, Hunt for Yield: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here's the latest news and analysis from Bloomberg Economics to help get your week started:

  • Chinese officials are signaling they're reluctant to agree to a broad trade deal pursued by President Donald Trump, ahead of negotiations this week that have raised hopes of a potential truce
  • How much lower can India's central bank drive interest rates after five back-to-back cuts? By as much as 65 basis points, say some economists
  • The hunt for yield is still on in emerging markets. As that plays out, Asia should outperform, a Bloomberg investor survey finds
  • President Donald Trump lauded a tight U.S. labor market as the unemployment rate hit a 50-year low. What he didn't mention were the job losses appearing in manufacturing, a key industry for his base of supporters
  • Federal Reserve Bank of Kansas City President Esther George said she dissented against rate cuts at the past two policy meetings, but would be prepared to support a further reduction if she sees evidence of sharply slowing growth
  • Israel's central bank is finding that words alone can't cure its biggest policy headache -- a confoundingly strong shekel
  • Gold bulls are finding that the global economy isn't the only thing coming under increased scrutiny from investors

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, Paul Jackson

©2019 Bloomberg L.P.

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