Virus Policy Toolkit, U.K. Budget, China Trade Data: Eco Day

This post was originally published on this site
© Reuters. Virus Policy Toolkit, U.K. Budget, China Trade Data: Eco Day© Reuters. Virus Policy Toolkit, U.K. Budget, China Trade Data: Eco Day

(Bloomberg) —

Happy Friday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day and send you into the weekend:

  • Central banks worldwide are looking beyond interest-rate cuts to combat the coronavirus; ECB watchers are split on their chief’s response and here’s a look at what we’ve learned in the past few days on the virus-stricken global economy
  • U.K. Prime Minister Boris Johnson might be ready to go after the “staggeringly rich,” but tax breaks are a tricky budget target
  • Virus victims in the U.S. economy could include the Fed’s fight to lift inflation and the labor market, which in Friday’s payrolls report might yet escape any impact from the outbreak
  • China’s trade figures set for weekend release should show how much the virus has overtaken the trade war in slamming exports, Bloomberg Economics analysis shows
  • Even before the virus hit, Japan’s household spending kept dropping
  • Bank of Canada’s chief said the decision to slash interest rates Wednesday was needed as a confidence-boosting measure
  • Inflation in Russia may be about to ease toward the lowest level in post-Soviet history, increasing the likelihood of a seventh consecutive interest rate cut later this month
  • Here’s a look at what governments worldwide have pledged in stimulus to combat effects of the coronavirus on their economies, including a $7.8 billion U.S. package that’s been sent for the president’s signature
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.